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Thermax secures ₹580 crore contract from Dangote Industries

after close1 source ↓written by the desknot a recommendation

from Dangote Industries
₹580 crore
and managing project
400 TPH capacity

Thermax Babcock & Wilcox Energy Solutions Limited has secured an order exceeding ₹580 crore from Dangote Industries for their refinery and petrochemical complex in Nigeria. The project includes supplying four high-pressure utility boilers of 400 TPH capacity and managing project execution.

This contract reinforces the long-standing partnership between Thermax and Dangote, potentially enhancing market sentiment for Thermax in the energy 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 26 Nov 2025, 16:07 IST.

Sourcesnews.google.com

The market after the news

THERMAX closed +0.3% on the day of the news, from ₹2,933.00 to ₹2,940.80; Nifty 0.0% over the same session.

Bulletin at 16:07 IST on 26 Nov 2025. Every change is measured from ₹2,933.00, the last close before it, on 26 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 it255529333311axis spans 30%before the news · 26 Nov2933Nifty 50THERMAXbulletinD0+1+3+520 Nov2 Dec11 DecReference close ₹2,933.00. 16 sessions from 20 Nov to 11 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 %
Before26 Nov₹2,933.00basebase
On the day27 Nov₹2,940.80▲ +0.3%0.0%+0.2 pp difference
+1 session28 Nov₹2,920.10▼ −0.4%0.0%−0.4 pp difference
+3 sessions2 Dec₹2,924.10▼ −0.3%▼ −0.7%+0.4 pp difference
+5 sessions4 Dec₹2,869.10▼ −2.2%▼ −0.7%−1.5 pp difference
Gap at the open, % · ₹
0.0%+0.59 on 27 Nov
Day's range, % · ₹
1.4%≈ 41 high to low
Volume on the day
0.49×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 →

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