OICHARTS
8 AMThe 8 AM report →
EnergyManufacturingHigh impactAfter close

TBWES secures ₹580 crore contract from Dangote Industries

after close1 source ↓written by the desknot a recommendation

contract from Dangote
₹580 crore
for its refinery
400 TPH high-pressure utility boilers

Thermax Babcock & Wilcox Energy Solutions Limited (TBWES) has secured a ₹580 crore contract from Dangote Industries to supply four 400 TPH high-pressure utility boilers for its refinery and petrochemical complex in Nigeria. This deal underscores the strong partnership between the two companies, enhancing TBWES's international footprint.

The contract covers the complete lifecycle of the project, including design, manufacturing, and project management. This significant order may bolster TBWES's revenue and market position in the energy solutions sector.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 27 Nov 2025, 16:06 IST.

Sourcesnews.google.com

The market after the news

THERMAX closed −0.7% on the day of the news, from ₹2,940.80 to ₹2,920.10; Nifty −0.1% over the same session.

Bulletin at 16:06 IST on 27 Nov 2025. Every change is measured from ₹2,940.80, the last close before it, on 27 Nov. Nifty 50 is measured over the same sessions.

  • THERMAX close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
THERMAX closes around the bulletin against the close before the news, with Nifty 50 rebased to it256229413320axis spans 30%before the news · 27 Nov2941Nifty 50THERMAXbulletinD0+1+3+521 Nov3 Dec12 DecReference close ₹2,940.80. 16 sessions from 21 Nov to 12 Dec; the price axis spans 30 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before27 Nov₹2,940.80basebase
On the day28 Nov₹2,920.10▼ −0.7%▼ −0.1%−0.7 pp difference
+1 session1 Dec₹2,916.50▼ −0.8%▼ −0.1%−0.7 pp difference
+3 sessions3 Dec₹2,889.60▼ −1.7%▼ −0.9%−0.9 pp difference
+5 sessions5 Dec₹2,845.70▼ −3.2%▼ −0.1%−3.1 pp difference
Gap at the open, % · ₹
0.0%0.00 on 28 Nov
Day's range, % · ₹
1.6%≈ 47 high to low
Volume on the day
0.29×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · THERMAX on the desk →

Thread · THERMAXAll THERMAX bulletins →

Related