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Thermax to invest over Rs 400 crore in new plants in India, Indonesia

29 Jul 2015 Evaluate

In a bid to grow its products vertical, Thermax is planning to invest over Rs 400 crore in two manufacturing plants in India and a third one in Indonesia. The Pune-based energy and environment solutions company is setting up a chemical manufacturing unit in Dahej, Gujarat with an investment of Rs 150 crore. The land has been procured and the plant will go on stream during FY 17. The second plant in India will be located on the east coast of the country at a yet to be firmed up location.

Further, the company has bought land in Indonesia. This facility, for which $25 million will be invested in two phases, has been planned as multipurpose plant for heating, water and air pollution products and will serve ASEAN markets.

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

4150.00 -32.30 (-0.77%)
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Company Name CMP
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