Thermax, an Indian energy and environment engineering company witnessed a sharp rise on Friday after it has received an order from an African conglomerate to supply a captive power project for one of their cement plants. The order valued at approximately Rs 3.21 billion was won against stiff global competition.

The scope of work includes design, manufacture, supply and supervision of erection and commissioning of the plant.

Shares of the company are trading at Rs 920.70, up Rs 39.5, or 4.48% at the Bombay Stock Exchange (BSE) on Friday at 9:49 a.m.

The scrip has touched an intra-day high of Rs 940.00 and low of Rs 901.00. The total volume of shares traded at the BSE is 6,457.