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Thermax gains on acquiring Rifox, German Steam Products Company

Thermax Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 500411 | NSE: THERMAX

23 Mar 2012 Evaluate

Thermax is currently trading at Rs. 488.80, up by 8.45 points or 1.76% from its previous closing of Rs. 480.35 on the BSE.

The scrip opened at Rs. 482.10 and has touched a high and low of Rs. 494.70 and Rs. 481.25 respectively. So far 1,271 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 720.00 on 20-Apr-2011 and a 52 week low of Rs. 388.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 504.50 and Rs. 463.00 respectively. The current market cap of the company is Rs. 5,824.00 crore.

The promoters holding in the company stood at 61.98% while Institutions and Non-Institutions held 22.25% and 15.77% respectively.

Thermax has acquired the steam division of Virgo Valves and Controls, India and its German subsidiary company-Rifox-Hans Richter Gmbh, a leading steam traps and allied steam accessories manufacture, for a value of Rs 13.39 crore. The acquisition will bring to Thermax fold the manufacturing facilities of Rifox-Virgo in Germany and in India.

Rifox, headquartered in Bremen, Germany has a tradition of over 60 years in manufacturing steam efficiency products for a wide range of Industries. Its core products are various types of steam traps and vent valves, with highest pressure up to 250kg/cm2 and temperature up to 35 degree Celsius. Rifox, which is a respected brand in specialty products for compressed air, pressurized gas and pressurized liquid, has strong presence in Germany and European markets.

Thermax offers engineering solutions to various industries. It offers wide range of products and services in heating, cooling, waste heat recovery, captive power, water treatment, recycling and waste management.

Thermax Share Price

4211.50 70.30 (1.70%)

20-Apr-2026 09:42 View Price Chart

Peers

Company Name	CMP
BHEL	326.65
Thermax	4211.50
Kirloskar Oil Eng	1653.00
Skipper	428.35
GMM Pfaudler	912.40
View more..

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Thermax gains on acquiring Rifox, German Steam Products Company

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