Hot Pursuit     27-Mar-23
ISGEC Heavy Engg jumps on bagging order from MAHAGENCO
ISGEC Heavy Engineering added 2.55% to Rs 453.20 after the company received order worth Rs 197.25 crore from Maharashtra State Power Generation (MAHAGENCO) for renovation of electrostatic precipitators (ESPs) at Chandrapur thermal power, Maharashtra.
The scope of work includes complete design, engineering, supply, assembly, erection, commissioning and performance guarantee testing for ESP retrofitting/upgradation of 2x500 MW units of Chandrapur U-5&6 thermal power station on engineering, procurement and construction (EPC) basis.

The ESPs shall be retrofitted and modernised for particulate emission reduction in order to meet the latest emission norms guidelines for thermal power plants.

Suman Jain, Group Head – Utility Boilers, Air Pollution Control Equipment, and New Technology Development, Isgec Heavy Engineering, “ESP is one of our major products in air pollution control equipment portfolio apart from DeSOx and DeNOx solutions. We are already executing an order for MAHAGENCO for dry sorbent injection (DSI) based DeSOx system and are really excited to receive this prestigious order for ESP R&M from the same customer. We are all geared up to take on and successfully execute this project. ”

Meanwhile, the company has signed a collaboration & licensing agreement with United Conveyor Corporation (UCC), USA for the purpose to bid and execute Ash handling projects for thermal power plants in India.

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.

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