These boilers would be 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,” the company said in a statement.

ISGEC Heavy Engineering is a diversified heavy engineering company. It manufactures process equipment, presses, iron & steel castings, and boiler pressure parts.

The company had reported 33.87% rise in consolidated net profit to Rs 62.96 crore on a 14.44% increase in sales to Rs 1,597.06 crore in Q3 FY23 over Q3 FY22.

The scrip shed 0.48% to end at Rs 447 on the BSE yesterday.