Thermax Ltd’s Subsidiary Secures ₹513 Crore Order

On July 5, 2024, Thermax Ltd announced in a stock exchange filing that its wholly-owned subsidiary, Thermax Babcock & Wilcox Energy Solutions Limited (TBWES), secured a ₹513 crore order from a prominent industrial conglomerate.

The order involves setting up a 600 MW greenfield energy project in Botswana, Southern Africa. TBWES will supply two 550 TPH CFBC (circulating fluidised bed combustion) boilers over a 23-month period to support the first phase of a 300 MW power station being developed by the customer.

TBWES will handle the design, engineering, manufacturing, testing, supply, supervision of erection and commissioning, and performance testing for this project. The power generated will be sold to the national utility power company to meet Botswana’s increasing power needs.

TBWES specialises in providing equipment and solutions for generating steam for process and power through the combustion of various fuels, as well as through heat recovery from turbine/engine exhaust and industrial processes. Additionally, TBWES offers heaters for applications in the chemical, petrochemical, and refinery sectors. Their services include renovation and modernisation solutions for older boilers and heaters.

Commenting on this significant order, the Managing Director and CEO of Thermax, said, “We are delighted to win the order to support and accelerate power generation efforts in the region of Botswana. Our expertise in design, engineering and manufacturing boilers focussed on lower emissions, reduced operating costs, and higher reliability for the power sector through TBWES has led to this win. We look forward to being a part of the larger energy project in the Southern African region and providing services globally.”

About Thermax Ltd

Thermax Limited is a prominent player in the energy and environment sectors, recognised for its role in facilitating the global shift towards sustainable energy solutions. With a comprehensive portfolio encompassing clean air, clean energy, clean water, and chemical solutions, Thermax serves as a trusted partner in energy transition. Thermax operates 14 manufacturing facilities spanning India, Europe, and Southeast Asia, and maintains a network of 42 domestically and internationally subsidiaries.

On July 5, 2024, the share price of Thermax Ltd opened at ₹5,289.95, touching the day’s high at ₹5,548.90, as of 1:08 PM on the NSE.

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