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Thermax’s joint venture (JV) - TBWES has received an export order from B&W PGG for detailed engineering, manufacturing and supply of selective items for two pulverized coal-fired boilers for an international project. The contract value is approximately Rs 339 crore. Thermax Babcock & Wilcox Energy Solutions (TBWES) is a JV between Thermax and US based Babcock & Wilcox Power Generation Group, Inc. (B&W PGG).

The contract, booked in the second quarter of 2014, involves detailed engineering, manufacturing and supply of boiler pressure parts, critical piping, pulverisers, plate work for casing, ducts and hoppers. The contract also includes the supply of ancillary items, including valves, dampers, expansion joints and instrumentation items. Detailed engineering and supply of material are scheduled to be completed within 21 months for the first unit and 24 months for the second unit.

Thermax, a leading energy and environment solutions provider, is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals.

Thermax Share Price

4235.00 93.80 (2.27%)
20-Apr-2026 12:57 View Price Chart
Peers
Company Name CMP
BHEL 330.00
Thermax 4235.00
Kirloskar Oil Eng 1647.80
Skipper 446.30
GMM Pfaudler 919.95
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