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Thermax has informed that the Board at its meeting held on August 10, 2016, has approved to make an additional investment in First Energy (FE), the alternative energy solutions company in which the Company has acquired 33% stake in July 2015. It is proposed to make an additional investment of up to Rs 6 crore in FE. The said investment is expected to be completed during the financial year 2016-17.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Bharat Heavy Elect. 423.00
Thermax 3462.85
Kirloskar Industries 3678.25
Skipper 568.00
INDO-MIM 1251.30
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