Thermax Limited
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.
What Thermax files
- Others89
- Investor Meet30
- Updates18
- Important15
- Board Meeting15
- JV/Acquisition14
Consolidated revenue grew 7%, but PAT dropped 85% to Rs. 22 Cr due to a Rs. 91 Cr project cost overrun. Order balance rose 23% to Rs. 14,045 Cr, securing a new Rs. 400 Cr order. Board approved merging subsidiaries for simplification and acquired AI firm ExactSpace.
Thermax's FY26 BRSR shows a 35% carbon emission reduction. While business expansion increased water consumption (17%) and waste generation (38%), 7 sites achieved Zero Waste to Landfill. Investor concern: worker Lost Time Injury Frequency Rate (LTIFR) rose, and one employee fatality occurred.
Thermax's subsidiary established a new wholly-owned step-down entity, Thermax Integrated Middle East L.L.C in Dubai. This strategic move aims to expand project management, installation, and marketing support in the Middle East. Capital infusion: AED 367,000.
NCLT approved the merger of wholly-owned subsidiary Buildtech Products India with Thermax. This consolidates the construction chemicals business, improving efficiency and simplifying the group structure. No new shares will be issued.
Thermax's subsidiary TBWES secured a significant Rs. 1,600 crore order for a boiler package for an 800 MW ultra-supercritical thermal power plant. This breakthrough reinforces the company's capabilities in large-scale energy solutions.