Thermax Babcock & Wilcox Energy Solutions (TBWES), a joint venture of Thermax and U.S.based Babcock & Wilcox Power Generation Group (B&W PGG), has received an export order worth Rs 3.39 billion from B&W PGG. As a part of order, the joint venture will undertake detailed engineering, manufacturing and supply of selective items for two pulverized coal-fired boilers for an international project.

The contract, booked in the second quarter of 2014, involves detailed engineering, manufacturing and supply of boiler pressure parts, critical piping, pulverisers, plate work for casing, ducts and hoppers. The contract also includes the supply of ancillary items, including valves, dampers, expansion joints and instrumentation items.

Detailed engineering and supply of material are scheduled to be completed within 21 months for the first unit and 24 months for the second unit.

Shares of the company declined Rs 25.25, or 2.76%, to settle at Rs 888.65. The total volume of shares traded was 4,102 at the BSE (Tuesday).