Thermax's bags orders worth Rs 179cr

The Cogen divison of Thermax has secured two orders worth of Rs 178.7 crore, to set up captive power plants.

In a release to the BSE, the company said that it will be setting up a 36 MW captive power plant, valued at Rs 123 crore, for a cement company. And another 20 MW captive power plant worth Rs 55.70 crore for a leading sponge iron & steel manufacturer.