Isgec Heavy Engineering jumps on bagging order for supply of waste heat recovery boilers

ISGEC Heavy Engineering is currently trading at Rs. 455.30, up by 8.30 points or 1.86% from its previous closing of Rs. 447.00 on the BSE.

ISGEC Heavy Engineering
ISGEC Heavy Engineering

The scrip opened at Rs. 459.15 and has touched a high and low of Rs. 459.20 and Rs. 447.25 respectively. So far 1570 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 601.20 on 11-Apr-2022 and a 52 week low of Rs. 426.20 on 16-Jun-2022.

Last one week high and low of the scrip stood at Rs. 461.20 and Rs. 441.05 respectively. The current market cap of the company is Rs. 3286.77 crore.

The promoters holding in the company stood at 62.43%, while Institutions and Non-Institutions held 9.96% and 27.60% respectively.

Isgec Heavy Engineering has bagged order from major steel company from eastern India for supply of seven waste heat recovery boilers utilizing waste gases from DRI Sponge Iron Kiln. These boilers will generate steam at 125 kg/cm2 (a) pressure.

Earlier Isgec supplied 4 CFBC boilers to the same company which are in operation satisfactorily.

Isgec Heavy Engineering is a multi-product, multi-location public company that has been providing engineering solutions to customers around the world for the past many years.

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