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.
| Company Name | CMP |
|---|---|
| Bharat Heavy Elect. | 399.70 |
| Thermax | 4806.05 |
| Kirloskar Oil Eng | 2495.00 |
| Skipper | 547.20 |
| GMM Pfaudler | 817.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: