The scope of work includes manufacturing of two 40 tons per hour (TPH) boilers on a turnkey basis. The announcement was made after market hours yesterday.

With over 850 high capacity and high-pressure boiler installations across 48 countries, Isgec's boiler business vertical has wide experience in process, cogeneration, captive power, and independent power plants, with a wide variety of fuel options ranging from agri-waste to oil & gas.

ISGEC Heavy Engineering is a diversified heavy engineering company engaged in manufacturing and project businesses with an extensive global presence.

The company's consolidated net profit dropped 66.93% to Rs 13.63 crore on a 5.38% increase in net sales to Rs 1128.38 crore in Q1 FY22 over Q1 FY21.

The scrip rose 0.70% to Rs 689.20 on the BSE. On a year-to-date (YTD) basis, the stock has zoomed 109.30% while the benchmark Sensex has added 17.42% during the same period.