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Thermax has expanded its solar business, transitioning from the present rooftop-based Capex model to the solution-based Opex model. The company’s solar business is projected to grow to a Gigawatts (GW) scale based on its Opex strategy.

The new business, to be helmed by Thermax’s subsidiary, First Energy, will work closely with customers in the commercial and industrial space and support their decarbonising journey by providing optimised renewable power. First Energy strives to set up open access based solar and solar hybrid farms, hybridising solar with storage and other solutions and delivering appropriate renewable power to customers.

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.

Thermax Share Price

4681.15 498.50 (11.92%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
BHEL 404.65
Thermax 4681.15
Kirloskar Oil Eng 1727.60
Skipper 466.10
GMM Pfaudler 894.95
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