Thermax has received board’s approval to enter into a preliminary understanding with Babcock & Wilcox India Holdings (B&W) to acquire the shareholding of the latter in the Joint Venture (JV), Thermax Babcock & Wilcox Energy Solutions (TBWES).
The transaction will provide Thermax access to the manufacturing facility of TBWES and also to a wider range of B&W technologies. The meeting of the Board of Directors of the company held on May 18, 2018, has consider the same.
Thermax is 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.
