Shares of ISGEC Heavy Engineering advanced over 3% on Wednesday after the company has received a prestigious order for an EPCC Plant for a new Sulphur Recovery Unit (SRU), Tail Gas Treatment Unit (TGTU), new Amine Regeneration Unit (ARU), new Sour Water Stripper Unit (SWS), Sulphur Yard, and Allied Facilities for an oil refinery expansion project. It's the first Integrated EPC Process Plant order in the Refinery Sector for Isgec.
The broad scope includes Project Management, Residual Process Design, Detailed Engineering, Procurement, Fabrication, Inspection, Transportation, Storage, Assembly, Construction, Installation, and Testing.
Shares of ISGEC Heavy Engineering are trading at Rs 700.20, up Rs 21.75, or 3.20% at the Bombay Stock Exchange (BSE) on Wednesday at 11:42 a.m.
The scrip has touched an intra-day high of Rs 715 and low of Rs 691. The total volume of shares traded at the BSE is 10,842.
Currently, the stock is trading down 19.73% from its 52-week high of Rs 877 and above 204.63% over the 52-week low of Rs 231.10.