Ellenbarrie Industrial Gases shares rise 5% after securing Rs 481 crore order from BHEL

Ellenbarrie Industrial Gases shares rise 5% after securing Rs 481 crore order from BHEL

Ellenbarrie Industrial Gases shares rallied 5.10% after the company secured a Rs 481-crore contract from BHEL to build a 1,200 TPD cryogenic Air Separation Unit for its Coal to Ammonium Nitrate Project. The turnkey project will be executed over eight quarters and is expected to be commissioned in FY29, expanding Ellenbarrie’s presence in India’s coal gasification ecosystem.

Ellenbarrie Industrial Gases Shares Rise on Rs 481 Crore BHEL Contract Win

Shares of Ellenbarrie Industrial Gases Ltd soared around 8% in early trade on September 29 after the company secured a Rs 480.73 crore contract from Bharat Heavy Electricals (BHEL).  Under the order, Ellenbarrie will design, engineer, supply, install, test and commission a 1,200 tonnes per day (TPD) cryogenic Air Separation...