SUMANSPEAKS June 23, 2026 SumanSpeaks Independent Capital Markets Intelligence · Estd 2006 Legal Intelligence · EPC Sector The Court That Keeps Giving SEPC Ltd (₹6.82) Another Chance to Breathe From a ₹195 crore Singapore arbitration decree to a ₹2 crore salary lifeline — how the Madras High Court became the most interesting character in SEPC's ongoing legal saga, and why the retail investor is watching the wrong plot entirely Indian markets love to price fear. And when a company simultaneously carries a Singapore arbitration award, a CRISIL D rating, and a Madras High Court order on its file, the average retail investor does not pause to read the fine print. He sells first, panic-tweets second, and asks questions never. SEPC Limited (BSE: 513446) has been living in this particular purgatory for over three years — down on bad days, overlooked on good ones, and relent...
'Buy' rating on Thermax Ltd, target price Rs 850: Motilal Oswal
[Essar Refinery is the first in India and among a few in Asia to set up coal fired boilers for steam and power requirements. This is expected to result in increasing the refining margins by ~$1 per barrel......this success can be an important trend setter, particularly in the refinery and petchem segment]
Coal-fired boilers installed by Thermax at Essar Oil’s refinery have completed one year of working at rated conditions. This is an important milestone the company given that this is the highest capacity boiler (750 TPH) and first pulverised coal fired system from Thermax, according to Thermax’s in-house magazine “FireSide” highlighting milestones achieved by its business divisions.
Essar Refinery is the first in India and among a few in Asia to set up coal fired boilers for steam and power requirements. This is expected to result in increasing the refining margins by ~$1 per barrel. We believe this success can be an important trend setter, particularly in the refinery and petchem segment.
Thermax has been honored with the ‘Best Innovator Award 2013’ by the Biotechnology Research Assistance Council, Govt of India. Further, as part of the indigenization program for Indian Navy, Thermax has successfully developed “Burners” for the boilers of the fighter aircraft carrier, INS Viraat. This is an important milestone and 1,000 hours of on-board initial sea runs were logged in to get the final approvals.
Courtesy: The Financial Express
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