Patel’s Airtemp India Secures ₹226 Cr Order

Patel’s Airtemp India has received a major international order worth around ₹226 crore from Dangote Petroleum Refinery and Petrochemicals in Nigeria. The order, valued at approximately $23.7 million, covers the supply of Air Cooled Heat Exchangers for the refinery. The contract is structured as a 12-month fixed-price order, giving the company a sizeable addition to its business pipeline. Patel’s Airtemp manufactures heat-transfer and air-conditioning equipment and supplies specialised products for industrial and process applications. The Dangote refinery order strengthens the company’s presence in the international oil and gas equipment market and adds to its exposure to large-scale refinery projects. The development was disclosed through a stock-exchange filing and has brought the company into focus among stocks with fresh order activity. The order size is significant compared with the company’s existing business scale and represents another overseas opportunity in the energy infrastructure segment. Disclaimer: The views expressed purely for educational and informational purposes and do not constitute financial advice or a recommendation to buy, sell, or hold any security