Home MarketThermax Ltd.

Thermax Ltd. Stock Info: As on 2017-11-17 15:57:51



52 Week Range
Day's Range824.60 - 1,236.90
Value Traded (in ₹ Cr.) 8.17



Change %
52 Week Range
Day's Range825.60 - 1,238.40
Value Traded (in ₹ Cr.) 0.49

Stock Exchange

Category No. Of Shares Share %
ForeignPromoters 0.00 0.00%
IndianPromoters 73,855,305.00 61.98%
Mutual Funds/UTI 10,064,922.00 8.45%
FII 17,903,847.00 15.03%
Employee 0.00 0.00%
Public 5,995,155.00 5.03%
Government 0.00 0.00%
Others 2,366,637.00 1.99%

Key Statistics

Valuation Measures
Market Cap / Sales Ratio 2.06
Basic EPS (Rs.) 25.64
Cash EPS 30.75
BVPerShare Excl 208.74
Operating Revenue 365.24
PBDITPerShare 41.83
Dividend 6.00
NPPerShare 25.64
Current Ratio 1.38
Quick Ratio 1.28
PriceToBV 3.61
Earnings 0.03
PBDIT Margin 11.45
PBT Margin 10.03
NP Margin 7.02
Return On Assets 6.16
Retention Ratios 76.60
Parameter Mar-16 (₹ Cr.) Yoy%change
Total Income 4,461.63
Total Expenses 4,024.72
EBITDA 498.42
PBT 436.91
PAT 305.52
Net Income 305.52
Parameter Mar-16 (₹ Cr.) 6M % change
Total Income 2,393.01
Total Expenses 2,144.60
EBITDA 218.93
PBT 248.13
PAT 179.01
Net Income 0.00
Total Assets
Total Assets
Parameter Mar-16 (₹ Cr.) Yoy%change
Total share capital 23.83
Net worth 2,487.12
Investments 1,505.87
Total Liability 4,959.15
Total debt 91.30
Net block 644.52
Total Assets 4,959.15
Parameter Sep-16 (₹ Cr.) 6M % change
Total share capital 23.83
Net worth 2,383.99
Investments 1,248.10
Total Liability 4,703.31
Total debt 9.35
Net block 640.98
Total Assets 4,703.31
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Parameter Mar-16(in ₹ Cr.)
Cash from operating activities 289.18
Cash from investing activities -155.85
Cash from financing activities -114.59
Net change in cash 18.74

Stock Held By Mutual Fund Schemes

Scheme Holding (%)
SBI Magnum Balanced Fund 0.77%
HDFC Mid-Cap Opportunities Fund - Regular Plan 0.43%
SBI Blue Chip Fund 0.47%
Reliance Diversified Power Sector Fund 3.59%
SBI Magnum Global Fund 2.11%
SBI Magnum Midcap Fund 1.72%

PVR to acquire minority stake in US-based theatre firm iPic

PVR said it will acquire a minority stake in US-based luxury restaurant and theatre company iPic Gold Class Entertainment LLC (iPic) for an undisclosed sum, a move that would give PVR exposure in the cinema exhibition market of the US, reported PTI. iPic owns and operates 16 luxury theatres and 121 screens across 10 states in the United States. The Board of Directors approved the proposed investment and strategic partnership between PVR and iPic, PVR Ltd said in a regulatory filing. The completion of investment is subject to relevant corporate and regulatory approvals. Besides, iPic has agreed to appoint PVR Chairman and Managing Director Ajay Bijli to its board of directors after its planned initial public offering that it had announced earlier.

17-11-2017 10:39

ArcelorMittal, Tata Steel evince interest in Bhushan Steel

ArcelorMittal and domestic industry major Tata Steel have evinced interest in Bhushan Steel which is undergoing insolvency proceedings, reported PTI. The development has come at a time when the debt-laden firm, which was referred to NCLT by the RBI under the Insolvency and Bankruptcy Code, has reported narrowing down of its standalone net loss to Rs 467.37 crore during the September quarter from Rs 980.22 crore in the same period a year ago. During the July-September 2017, total income of Bhushan Steel rose 43 per cent to Rs 4,325.60 crore from Rs 3,025.79 crore during the same period a year ago, the company said in a BSE filing. Yes! ArcelorMittal is interested in Bhushan Steel, said a person in the know of the matter and refused to elaborate further. When contacted, a Tata Steel company official said, The company keeps on looking at such opportunities. Last month, Tata Steel and ArcelorMittal had submitted expression of interest (EoI) to acquire debt-laden Essar Steel -- another stressed company undergoing the insolvency proceedings at the National Company Law Tribunal (NCLT). Essar Steel India Ltd, an integrated steel producer with an installed capacity of 10 million tonne per annum (MTPA) is undergoing Corporate Insolvency Resolution Process (CIRP) under the provisions of Insolvency and Bankruptcy Code. According to the information on Bhushan Steel Ltd website, the company is the 3rd largest secondary steel producer in the country with an existing steel production capacity of 5.6 million ton per annum. Both Tata Steel and ArcelorMittal see the proceedings as an opportunity as the two companies are looking to expand their operations in the country.

17-11-2017 10:28

Jaiprakash Associates approves 'cashless exchange' of bonds

Debt-ridden Jaiprakash Associates' finance committee has approved cashless exchange of existing convertible bonds worth USD 150 million due in 2017 with those maturing in 2020-21, reported PTI. Earlier this month, the RBI had approved the proposal. In a BSE filing, Jaiprakash Associates said that the finance committee in its meeting held today has deemed to have opened and closed the cashless exchange of the existing bonds with the bonds... In June, Jaiprakash Associates had said that bondholders agreed to exchange outstanding existing foreign currency convertible bonds (FCCBs) worth USD 150 million. The bonds were issued in September 2012 with maturity in 2017 and a coupon rate of 5.75 per cent. As per the proposal, the bondholders agreed to exchange their current bonds with FCCBs worth USD 38.64 million bearing the same coupon rate with maturity in 2021 and amortising bonds worth USD 81.69 million with coupon rate of 4.76 per cent and maturity in 2020. According to the regulatory filing, Jaiprakash Associates will issue 1,10,400 'Series A' bonds having principle value of USD 350 each carrying a coupon rate of 5.75 per cent per annum with maturity on September 30, 2021. It will also issue 1,10,400 'Series B' bonds having principle value of USD 740 each at a coupon rate of 4.76 per cent per annum and maturity date of September 30, 2020. That apart, the company will pay USD 27.6 million upfront. The finance committee has authorised execution of all transaction document and closing of the transaction would take place on restructuring effective date, which is expected to take place on or before November 30, 2017, on which date the allotment of the bonds and issuance of global certificates would be made, the filing said. Both series of the bonds would be listed on Singapore Stock Exchange Securities Trading Ltd. Jaiprakash Associates, which is the flagship company of the Jaypee group, is selling its assets to repay debt. It is a diversified infrastructure company engaged in segments like engineering, construction and real estate development, cement manufacturing, hospitality and sports management. Jaypee Group firm Jaypee Infratech has been taken over by a National Company Law Tribunal (NCLT)-appointed IRP (Insolvency Resolution Professional) for recovery of bad loans. The group is facing huge protest from home buyers due to significant delays in delivery of projects.

17-11-2017 10:26

Tata Power allots debentures worth Rs 1500 cr

Tata Power has raised Rs 1,500 crore through issuance of unsecured, redeemable and non- convertible debentures worth Rs 1,500 crore on private placement basis, reported PTI. Company alloted unsecured, non-cumulative, redeemable, taxable, listed, rated non-convertible debentures of Rs 1,500 crore on November 16, 2017 on private placement basis, Tata Power said in a BSE filing. According to the statement, the tenure of these 15,000 debentures is seven years.

17-11-2017 10:21

Cipla gets final nod for Generic Pulmicort Respules

Drug maker Cipla on Friday said that it has received final approval for its Abbreviated New Drug Application (ANDA) for Budesonide InhalationSuspension, 0.25mg/2mL, 0.5mg/2mL, and 1mg/2mL from the United States Food and Drug Administration (USFDA) to market a generic version of Astrazeneca’s Pulmicort Respules. “Cipla’s Budesonide Inhalation Suspension, 0.25mg/2mL, 0.5mg/2mL, and 1mg/2mL, are AN-rated generic equivalents of Astrazeneca’s Pulmicort Respules and are indicated for the maintenance treatment of asthma and as prophylactic therapy in children 12 months to 8 years of age,” the company said in a filing to the Bombay Stock Exchange. The product is available for shipping immediately, it said. Pulmicort Respules and generic equivalents had US sales of approximately USD 825 Million for the 12-month period ending September 2017, as reported by IMS Health.

17-11-2017 09:09

Thermax Q2 net profit down 4.73% at Rs 56.84 cr

The company reported standalone net profit of Rs 56.84 crore for the quarter ended September 30, 2017 as compared to Rs 59.66 crore in the same period last year, registering a year-on-yeardeclineof 4.73 per cent. Net revenue of the company rose marginally by 2.23 per cent at Rs 863.87 crore in July-September quarter of this fiscal as against Rs 845.06 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 1.98 per cent to Rs 777.78 crore from Rs 793.46 crore in year ago period. Other Income dipped by 24.22 per cent at Rs 21.87 crore versus (Sep'16 Rs 28.86 crore). Operating Profit surged by 11.34 per cent to Rs 86.09 crore as against Rs 77.32 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.96 per cent in September quarter. Interest grew by 439.44 per cent y-o-y to Rs 3.83 crore, while Taxation increased by 10.80 per cent at Rs 32.32 crore (Sep'16 Rs 29.17 crore).

08-Nov-2017 06:10 PM

Thermax - Analysts/Institutional Investor Meet/Con. Call Updates

Thermax Limited has informed the Exchange regarding Analysts/Institutional Investor Meet/Con. Call Updates

08-Nov-2017 06:08 PM

Thermax - Analyst / Investor Meet - Intimation

Conference Call is scheduled with Institutional Investors/Analysts to discuss the unaudited financial results for the quarter September 30, 2017.

08-Nov-2017 06:06 PM

Thermax - Financial Results For Quarter And Half Year Ended September 30, 2017.

Financial Results for Quarter and Half year ended September 30, 2017.

08-Nov-2017 05:53 PM

Thermax - Financial Result Updates

Thermax Limited has submitted to the Exchange, the financial results for the period ended September 30, 2017.

08-Nov-2017 05:50 PM

Thermax - Analyst / Investor Meet - Intimation

Conference Call is scheduled with Institutional Investors/Analysts to discuss the unaudited financial results for the quarter September 30, 2017.

08-Nov-2017 06:06 PM

Thermax - Financial Results For Quarter And Half Year Ended September 30, 2017.

Financial Results for Quarter and Half year ended September 30, 2017.

08-Nov-2017 05:53 PM

Thermax - Shareholding for the Period Ended September 30, 2017

Thermax Ltd has submitted to BSE the Shareholding Pattern for the Period Ended September 30, 2017.

12-Oct-2017 05:16 PM

Corporate Details

About Management

1980 - The Company by name Thermo-Dynamics Pvt., Ltd was originally incorporated on 30th June, 1980. Later Wanson (India) Ltd. along with Thermax India (Pvt) Ltd. was amalgamated with the Company on 1st July. Subsequently the name was changed to Thermax Pvt. Ltd. Tulsi Fine Chemical Industries Pvt. Ltd. and Kailas Castings Pvt. Ltd. were merged with the Company effective 1st July, 1982. The Company became a deemed public company with effect from 1st July, 1989. 1991 - T. K. Steel Industries Ltd. was merged with the Company. 1994 - The Company became a full fledged public limited company. TheCompany was promoted by Late A. S. Bathena and was taken over by R. D. Aga. The products manufactured by the Company are heat recovery and energy conservation products, Chilling and air conditioning products, co-generation and captive power generation products, water treatment, air pollution control equipments, chemicals etc. - The Company has following collaboration: (i) Struthers Scientific & International Corporation USA for heat recovery and energy conservation products, (ii) Ansaldo, Italy for steam turbines and with NOVO Pignone, Italy for gas turbines, (iii) Eco-Tec Inc. of Canada for distributorship of recovery system, (iv) ACW Services Ltd., U.K. for waste management equipments, (v) A.W. Chesterton Co., USA for maintenance products. - 171,37,510 No. of Equity shares issued, subscribed and paid-up. Of which 21,35,640 No. of equity shares allotted other than cash as per various schemes of amalgamation and 34,27,500 shares issued as bonus in prop. 1:4. 1995 - The Company has fully geared to bring the desired focus on two distinct business areas viz. standard products and customised projects. The product development process introduced a year and half ago was institutionalised. - The process heat division came out with a new boiler design - an oil fired smoke boiler - shell Max and Combiac, a boiler specially designed to burn agro fuels like rice and groundnut husk, saw dust, coffee waste etc. - A MOU was signed with Bharat Shell for thermic fluid, Therma, for heat transfer system. The process heat projects division received an order from PT South Pacific Viscose, an Indonesian Company for supply of 3 boilers of 22.5 tonnes per hour of steam. - The absorption cooling division launched two new products viz. the direct fired and hot water fired absorption cooling machines. The Cogen division built a 6 MW cogen facility for a paper plant in Northern India. - The Cogen division also signed a distributorship agreement with Kawasaki Heavy Industries for packaging Kawasaki's gas turbines up to 6 MW. - The electronic division entered into capacitor business while the post harvest equipment division continued to be a leader in the grain storage silo market and in material handling equipment manufactured in collaboration with Cimbria Unigrain of Denmark. - The Company undertook to modernise and expand its capacities at Chichwad and its Chemical division at Khopoli. Two DG sets of 500 KVA each, a compressor, effluent treatment plant etc were to be installed. - In 1995, the Company offered 61,12,500 No. of equity shares at a premium of Rs 180 per share through prospectus. Of which 23,800 shares were offered to promoters, 2,76,200 shares were offered to employees and the balance 58,12,500 shares were offered to public. (All were taken up). 1996 - The Company merged two of its division, one in the energy area and the other in heat recovery area to pool the expertise with a view to addressing the heat recovery business. A new division viz. Energy System Division emerged out of this merger. - The process heat division introduced packaged bagasse fired boilers for paper mills in the range of 4 to 16 tonnes. The heat division launched hot water generation for provision of hot water on taps in hotels, hospi tals and dairies. The absorption cooling division introduced smaller capacity vapour absorption machines for hotels, hospitals, shopping malls and residential complexes. - The Company launched fine circulation fluidised bed combustion boiler. The Environ-division executed 3 major export orders received from Indonesia. The Chemicals division developed and commercialised various speciality co-polymers and resins for biotech and pharma industries for domestic and international markets. - To enter synergistic fields, the Company entered into a joint venture with WICOX Ltd. forming Thermax Babcock & Wilcox Ltd. for manufacture of large size fluidised bed cumbustion boilers and non-cyclone circulating fluidised bed technology for captive power generation. - The Company entered into joint venture with Fuji Electric Company, Japan, for manufacture of smart digital transmitters, a field instrument needed in most industries. - The joint venture viz., Thermax Fugi Electric Ltd. would also manufacture advanced boiler Control System and microprocessor based process control packages. - Another joint venture viz., Thermax Culligan Water Technology Ltd., was set up with Culligan International Company USA for bringing to market the latest technologies in drinking, commercial and industrial water treatment like ozonisation ultraviolet purification for treating bacteria and virus and reverse osmosis for desalination. - Thermax Energy Performance Services Ltd. is a joint venture formed between the Company and Energy Performance Services Inc., USA for provision of energy saving projects in industrial sector. The joint project was set up to manufacture energy saving measures in the steel, aluminium, paper & pulp, textile & hotel sectors. - On February 16, 1996, Chairman and Managing Director, Rohinton D. Aga, passed away in Mumbai of a heart attack. - The Company received the ISO 9002 certification from the Lloyd's Register Quality Assurance (LRQA). - The Process Heat Division introduced the Combipac, a boiler specially designed to burn agro fuels like rice and groundnut husk, sawdust, coffee waste, mustard, etc., easily available in large parts of the country. - A Memorandum of Understanding was signed with Bharat Shell and the Process Heat Division. - Heat Recovery Division for the first time in India, commissioned an energy-efficient internal vaporisation unit (Dowtherm Vaporiser) for the high-temperature heat requirements of Reliance Industries' plant at Hazira. - The Cogen Division is all set to build a 6 MW cogen facility for a paper plant in Northern India, for which a letter of intent has been obtained. - The Cogen Division has also signed a Distributorship Agreement with Kawasaki Heavy Industries for packaging Kawasaki's gas turbines upto 6 MW. - The Environment Division has successfully commissiosned bag house systems in the steel sector. The Division has launched a new product -- high efficiency cyclone for trapping the flue-gas particulate matter especially for boilers using agro waste. - The Waste Management Division has also developed a standard incinerator for incinerating infectious wastes in hospitals and hopes to serve this market in a sustained manner in the coming years. - The Water Treatment Division is all set to enter the domestic and commercial sectors to provide high quality water purification devices. A Memorandum of Understanding has already been signed with a leading international company, which would shortly get converted into a joint venture agreement. - The Electronics Division has now entered the capacitors business for the first time and is confident of almost trebling its revenues in the coming year. - The Canara Bank's 'Best Exporter' shield in the Western region (except Bombay) for 1995-96. - An Export Award from Chemexil, the Indian Commerce Ministry's export council for basic chemicals, pharmaceuticals and cosmetics. - The `Innovation in Management' award at a global management event 2020 Marketing Vision--hosted by Standard Chartered Bank and the Indian Express Group. - The Giant's International Award to the late Chairman R.D. Aga, for his outstanding contribution in the fields of business and industry . 1997 - The company received the AD-Merkblatt certification for the entire manufacturing unit at Chinchwad. - An electronic network called Thermnet linking all establishments of the company in the country was introduced during the year, making Thermax virtually a single workplace - The company entered into a joint venture with Fuji Electric Company of Japan - a Fortune 500 Company and leaders in the instrumentation and electrical engineering field. - The company signed a joint venture agreement with Culligan International Company of USA, a world leader in the treatment, conditioning and purification of water. - The Absorption Cooling division has introduced smaller capacity vapour absorption machines (VAMs) for hotels, hospitals, shopping malls and residential complexes. - The Chemical Division entered the business of fuel treatment for refineries. - During the year, the following companies became subsidiaries of the company: Thermax Fuji Electric Limited, Thermax Electronics Limited, Thermax International Limited, Thermax (UK) Limited which has changed its name to Thermax Europe Limited with effect from April 1, 1997. - Mr. G.K. Gureja, Director, retired with effect from August 31, 1996. Mr. P.K. Sen resigned as Director with effect from October 30, 1996. 1998 - During the year under review, your company introduced five new products in the standard packaged boiler range. The company also launched a wide range of products incorporating Kawasaki modular technology in our Vapour Absorption Division. - The products launched by TCWTL like Purichill, the household softener Eversoft and Point-of-Entry systems have gained market acceptance. - During the year under review, Thermax Energy Performance Services signed its first Master Energyrvice Agreement (MESA) with a leading company in Gujarat. - The company developed and introduced a technology called Submerged Aerated Fixed Film (SAFF). - The Waste Management division has entered into a technical transfer agreement with Ozone Processes Inc., USA for state-of-the-art Electro-Precipitation technology. - During the year, a licence agreement was signed with Environmental Elements Corporation (EEC), USA, for electrostatic precipitators and large bag houses used by a range of industries. - The Company, during the year, also set up a Learning Resource Centre. - During the year, Thermax (Rus) Limited and Winman Gas Limited became subsidiaries of the Company. - Mr. R.A. Shroff resigned as Director with effect from 27th October 1997. Mr. B. F. Gagrat resigned as Director with effect from 11th March 1998. - Issued, Subscribed & Paid up Capital includes 21,35,640 Equity Shares of Rs. 10 each allotted as fully paid up for consideration other than cash as per various schemes of amalgamation and 34,27,500 shares of Rs. 10 each issued by way of bonus shares on capitalisation of General Reserve. 1999 - The Company has technologies in areas of water and wastewater management to effectively meet the demand for infrastructure water. - During the year under review, the Company developed a more advanced process called PDP II. - The Cogen/ power business was badly affected by the delay in financial closures during the year under review. - The cogen plants supplied by the Company to Arvind Mills at its two sites in Gujarat were commissioned during the year under review and are meeting the steam and power requirements of the customer. - The Air Pollution division has signed a technology co-operation agreement with Schalke of Germany to enable steel industries control dust and obnoxious gas emissions from coke oven batteries, in line with a recent Govt. of India gazette notification. - During the year, Thermax Co-gen Limited became a subsidiary of the Company. - With effect from 1st July 1999, Mr. A.M. Nalawade, Managing Director of the Company has been redesignated as Managing Director. - The tenure of appointment of Mr. G. Trivedi, Whole-time Director of the Company, expired on 30th June 1999. - The tenure of appointment of Mr. M.J. Shaikhali, Mr. R.V Ramani and Dr. N.D. Joshi as Whole-time Directors expired on 30th June 1999. - Mr D. L. Chavan resigned as Director with effect from 31st July 1998. 2000 - The Company has acquired ME Engineering, a UK-based company belonging to the Beel Industrial Boilers Plc group. - The Company has signed an exclusive distribution agreement for South Asian markets with US company Purafil Inc to market their dry gas scrubbers popularly known as chemical filters. - Thermax Ltd has signed a memorandum of understanding with the Society of Applied Microwave Electronics Engineering and Research for commercialisation of the latter's microwave disinfection system for treating pathological bio-medical waste generated by hospitals and research institutes. - The Company appointed Mr. P.M. Kulkarni as the Managing Director effective from 21st July. - Thermax has entered into a share-swap arrangement with Global Tele-systems for its software subsidiary, Thermax Systems and Software. - The Industrial Fan Division of Thermax Ltd. has been taken over by the Mumbai-based Universal Fans India Pvt. Ltd. (UFL). - Pune-based Thermax Ltd. has received ISO 14001 certification for its environmental management system in its manufacturing plant at Chinchwad. 2001 - Thermax has setting up of a wholly owned subsidiary company, Thermax Inc, in the US with an initial equity base of $500,000 to enable it to push exports. - Thermax has set up its second overseas wholly-owned subsidiary, in Detroit, USA. - Thermax Ltd is acquiring a 50 per cent stake in Energy Performance Service (Thailand), a subsidiary of Energy Performance Service of Canada. - Thermax and Cummins Diesel Sales and Services, the wholly owned subsidiary of the Cummins India, has entered into a strategic alliance to provide attractive energy solutions to various industry segments. - Thermax, which is restructuring its business, has sold its electronics and surface coating businesses. The two businesses were carried out through two subsidiaries, Thermax Electronics and Thermax Surface Coatings, respectively. -Thermax Ltd. the company has acquired the 50% equity stake of Culligan Water Technologies Ltd (erstwhile Thermax Culligan Water Technologies Ltd). Consequently Thermax Water Technologies has become a 100% subsidiary of the company. 2002 - Sunil Lalai appointed as Company Secretary of Thermax. -Mr.Prakash Kulkarni acquires additional shares amounting to 2250 shares in Thermax Ltd. -Mrs. Meher P Pudumjee is appointed as non-executive vice-chairperson of Thermax Ltd. 2003 -Mr.Jairam Varadraj has been appointed as Additional Director on the Board of Thermax. -Shri Ashok Gehlot, Hon Chief Minister of Rajasthan inaugurated Thermax Captive Power plant in Beawar . -Anu Aga proposes her daughters name as chairperson's post of Thermax Ltd. -Thermax Ltd has informed that the company has incorporated and invested US $ 200,000 in a wholly owned overseas (WOS) subsidiary set up in Brazil. 2004 -Thermax receives Letter of Intent for Rs. 744.70 mn Power Plant -Thermax Ltd has informed that the Company has set up a wholly owned subsidiary in Hong Kong, in the name and style "Thermax Hong Kong Ltd". This subsidiary would address the business opportunities identified in the Asia Pacific Region and more particularly in China for Absorption Chillers. -Thermax bags an order for Captive Power Plant -Thermax's Cogen Division receives letter of intent worth Rs 650 million -Thermax Ltd has acquired 40 per cent stake of Babcock & Wilcox International Investments Co Inc (BWII) held in their joint venture for an undisclosed sum. 2005 -Thermax inks agreement with HWB 2006 -Thermax Ltd has informed that the Company is setting up a plant in the People's Republic of China for manufacturing Absorption Chillers with an investment of US$ 8.0 million. -Company has splits its Face value of Shares from Rs 10 to Rs 2 2007 -Thermax signs technology agreement with German Air Pollution Control leader 2008 - Thermax Ltd has informed that the Board of Directors of the Company at its meeting held on January 29, 2008, inter alia, has approved the appointment of Dr. R A Mashelkar, Independent Director as an Additional Director of the Company with immediate effect. -Thermax signs 15-year pact with US firm -Thermax signs license pact with Babcock & Wilcox -Thermax receives an order of Rs 415 crore 2009 - Thermax Ltd has received an order of Rs 255 crore from a leading business conglomerate for supply of 4 x 250 TPH coal cum washery rejects CFBC boilers (Circulating Fluidised Bed Combustion Boiler). - Thermax on Sept 17 bagged an order for the supply of 270-MW power plant on a turnkey basis to be set up by a Hyderabad-based infrastructure company. -Business Excellence award for Thermax -Thermax wins order worth Rs. 1000 crore -Thermax signs technology agreements for advanced wastewater treatment -Thermax-SPX joint venture agreement signed 2010 - Thermax receives Rs 240 crore order to supply CFBC boilers for Independent Power . - Thermax - Thermax bags Rs 580 crore order for gas based power plant. - Thermax - Thermax signs technology transfer agreement with Lambion: Generating energy from waste. 2011 - Thermax - Thermax receives an order of Rs. 366 crore. - Mr. Nawshir Mirza has been appointed as an Additional Director on the Board of the Company. - Thermax - Thermax wins Rs. 403 crore order from captive power plant. - Thermax develops new solar cooling system. 2012 - The Company has received a letter from RDA Holding & Trading Private Limited, the Holding Company of Thermax Ltd, informing that the Registrar of Companies, Pune has issued a fresh certificate of incorporation consequent upon change of existing name of the Company to 'RDA Holdings Private Limited'. - Thermax secures Asian Power Awards for cogeneration plant. - ''Thermax acquires Rifox, German steam Products Company : Strategic fit for the Company's steam engineering business". - "Thermax bags Rs. 280 crores EPC order for a power plant". 2013 -Thermax bags Rs. 1700 crore order for supply of CFBC boilers -Thermax receives order worth Rs 269 cr from a leading petrochemical Company for its proposed captive power plant as a part of its expansion program. -Board recommends Dividend of 7/- per share of face value of Rs. 2/- i.e. @ 350% to the shareholders 2014 -Thermax wins another order worth Rs. 351 crore in Africa to build and commission a captive power plant -Thermax Babcock & Wilcox Energy Solutions (TBWES)
wins Rs. 339 Crore export order -Thermax & Zensar to set up skill development centre pune. 2015 -Thermax acquires 33% stake in First Energy Thermax acquires stake in First Energy for synergy in commercial space with alternative energy offerings 2016 -Thermax Ltd has secured an order from Rashtriya Chemicals and Fertilizers Ltd (RCF) for supply of two 25 MW each gas turbines and two 100 TPH each waste heat recovery boilers towards installation of gas based co-generation power plant at RCF in Maharashtra. -Thermax raises stake in First Energy to 54.67%.

Registered Office

98-99, Bhosari MIDC Industrial Area, Bhosari,

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Registrar Details

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