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Thermax Ltdis an Indian multinationalengineeringconglomerate, involved inclean air,clean energyandclean water,headquartered inPune.[2]
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| Company type | Public |
|---|---|
| ISIN | INE152A01029 |
| Industry | Conglomerate |
| Founded | 1980 |
| Headquarters | Pune,Maharashtra, India |
Area served | Worldwide |
Key people |
|
| Products | Integrated products in the areas of clean air, clean energy, clean water and chemicals. |
| Revenue |  ₹9,323.46 crore(US$1.1 billion) (2024)[1] |
| ₹206.58 crore(US$25 million) (2021)[1] | |
| Total assets | ₹6,506.87 crore(US$780 million) (2021)[1] |
| Total equity | ₹3,251.39 crore(US$390 million) (2021)[1] |
| Website | www |
History
editThermax manufactures boilers to harness the power of steam. The company started with producing small, once-through, "baby" boilers to cater to the steam requirements at hospitals.[citation needed]It was established in 1966, when A. S. Bhathena collaborated with a Belgian company,Wanson,to commence business operations inDadar, Mumbai,India as Wanson India Ltd., manufacturing small boilers.[3]
On 15 February 1995 it became a public company on theBombay Stock Exchange.It has, since long, been known simply as Thermax Limited.[citation needed]
In 2009, it signed a 51–49 joint venture withUSfirmSPX Corporationto provide equipment and services for the Indian power sector.[4][5]
In 2010, it signed a joint venture agreement withUS-basedBabcock & Wilcoxto manufacture super-critical boilers for the power sector.[6]
See also
editReferences
edit- ^abcd"Press-Release_Thermax_q4-and-Annual-Results-for-Fy-2023-2024"(PDF).Retrieved12 May2024.
- ^Ghoshal, Sumantra; Piramal, Gita; Bartlett, Christopher A. (2002).Managing Radical Change: What Indian Companies Must Do to Become World-class.Penguin Books India. p. 97.ISBN978-0-14-100022-0.
- ^"Thermax Ltd".The Times of India.Archivedfrom the original on 16 October 2012.Retrieved18 February2011.
- ^"Thermax-SPX JV to have combined investment of 250 mln".Reuters.26 August 2009.Archivedfrom the original on 15 February 2022.Retrieved15 February2022.
- ^"Thermax in JV with U.S. firm SPX".Reuters.26 August 2009.Archivedfrom the original on 15 February 2022.Retrieved15 February2022.
- ^"Thermax in JV with Babcock & Wilcox".Business Standard India.10 March 2010.Archivedfrom the original on 15 February 2022.Retrieved15 February2022.