Share price of Thermax gained 3.5 percent on the back of first EPC order in the GCC region.
The Thermax Group has won a USD 43 million contract from a leading cement company in the UAE for a turnkey captive power plant.
MS Unnikrishnan, MD & CEO of Thermax said, "This is the first EPC order that Thermax will be executing for a GCC (Gulf Co-operation Council) country. We intend to expand our footprint in this region where we have been providing business solutions."
Equity benchmarks opened higher amid consolidation Thursday, with the Nifty reclaiming 10,100 level despite weakness in Asian peers.
The 30-share BSE Sensex was up 81.95 points at 32,268.36 and the 50-share NSE Nifty gained 23.70 points at 10,103.
Sun Pharma rallied nearly 4 percent, followed by Dr Reddy's Labs, Lupin, Reliance Industries, Tata Motors, GAIL and Aurobindo Pharm.
Wipro plunged 3.5 percent. Kotak Mahindra Bank, HDFC Bank, HDFC, TCS, HUL, Tech Mahindra and Power Grid were also under pressure.
HPCL, BPCL and IOC rallied 3 percent each as the government ruled out oil price cut.
Thermax, Jubilant Foodworks, Tata Chemicals, Cyient and Deepak Fertilisers gained up to 4 percent.
The Indian rupee opened lower by 17 paise at 64.17 per dollar today against previous close of 64.
"In the absence of any major triggers, the rupee is expected to stay in a tight range with trading range for the day at 64-64.30," Mohan Shenoi of Kotak Mahindra Bank said.
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