Pune-based Thermax has bagged an order worth Euro 14.2 million for supplying heat recovery steam generators (HRSG) to an oil field company.

The order shall be carried out to augment the oil recovery via steam injection in their subsisting oil wells.

The company said that the recent order would be an important landmark in its export business, in the European market, in terms of territorial reach and future opportunities.

The shares of the company augmented around 6% at the Bombay Stock Exchange (BSE) after it received the order.

Recently, the company had disclosed a steady growth in standalone net profit for the fourth quarter ended March 2008. During the quarter, the profit of the company rose 15.49% to Rs 805.30 million from Rs 697.30 million in the same quarter, last year.

Thermax is a global solution provider in energy and environment engineering. It offers products and services in heating, cooling, waste heat recovery, captive power, water treatment and recycling, waste management and performance chemicals.

At 1:53 pm, the scrip was trading at Rs 454.55, up Rs 24.50, or 5.70% on volumes of 81,580 at the BSE. The stock has shown a fall of 6.46% over the week and 17.38% over a month.