The scope of work includes system design, manufacture, supply and supervision of erection and commissioning of the power plant.
Energy and environment solutions provider Thermax today said it has bagged a contract worth Rs 321 crore for setting up a captive power plant in Africa.
"Thermax has received an order worth Rs 321 crore from a leading African conglomerate to supply a captive power project for one of their cement plants," a release issued here said.
The scope of work includes system design, manufacture, supply and supervision of erection and commissioning of the power plant.
"We had initiated the entry of our project business in Africa two years ago. It is encouraging that we have already gained customer trust and begun supporting their power requirements," company's Managing Director and CEO M S Unnikrishnan said.
The power plant, to be commissioned within a timeframe of 15-16 months, will utilise the latest generation AFBC (atmospheric fluidised bed combustion) boilers and high pressure steam cycle to facilitate optimal plant efficiency, the release said.
Thermax stock price
On October 30, 2014, Thermax closed at Rs 881.20, down Rs 15.5, or 1.73 percent. The 52-week high of the share was Rs 989.70 and the 52-week low was Rs 609.35.
The company's trailing 12-month (TTM) EPS was at Rs 20.49 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 43.01. The latest book value of the company is Rs 169.94 per share. At current value, the price-to-book value of the company is 5.19.
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