Thermax has acquired remaining 24% stake in FEPL effective December 21, 2020. Accordingly, the equity shareholding of the company in FEPL stands increased from 76% to 100%. Now, FEPL is a wholly owned subsidiary of the Company.
FEPL is an alternative energy solution company and is engaged in the business of manufacture & supply of biomass pellets, gasification technology and cooking stoves. The acquisition provided to the Company new opportunities in the commercial space to serve customers with alternative and cost saving solutions.
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. | 376.30 |
| Thermax | 4707.90 |
| Kirloskar Oil Engine | 2269.20 |
| Skipper | 553.65 |
| GMM Pfaudler | 766.30 |
| View more.. | |
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