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Thermax Limited offers solutions to energy, environment and chemical sectors. The Company’s portfolio includes boilers and heaters, absorption chillers/ heat pumps, power plants, solar equipment, air pollution control equipment/system, water and waste recycle plant, ion exchange resins and performance chemicals and related services.
Thermax's subsidiary, FEPL, sold back its entire stake in Onix-Two Enersol Private Limited (OTEPL) for Rs 0.001 Cr. This reverses a prior acquisition attempt that didn't meet closing conditions. OTEPL's FY25 revenue was just Rs 0.00122 Cr.
Thermax has forged a strategic partnership with HydrogenPro ASA through a technology licensing and supply agreement for alkaline electrolysers. This grants Thermax exclusive rights in India to manufacture, supply, install, commission, and provide after-sales services for these systems, leveraging HydrogenPro's proven technology. This move significantly expands Thermax's green hydrogen portfolio,...
Thermax is launching a 'Saksham Niveshak' campaign, an initiative to help shareholders claim their unpaid/unclaimed dividends. This proactive step aims to prevent these funds from being transferred to the Investor Education and Protection Fund (IEPF). Shareholders are urged to update their PAN, contact, bank, and nomination details by submitting required...
Thermax Limited maintained a strong focus on sustainability and operational efficiency in FY 2024-25. Key initiatives included a 42.6% reduction in carbon emissions from the FY19 baseline through enhanced energy efficiency, renewable energy expansion, and fuel switching (LDO to PNG). Water management efforts led to water-positive certifications at multiple plants,...
Thermax has announced a board meeting to consider the financial results for the quarter and half-year. The company reports strong regulatory compliance with no fines, deviations, or director disqualifications. Corporate governance policies are up-to-date, related party transactions were approved in advance, and auditor status remains stable. Operationally, governance remains solid...