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Thermax has agreed to make an investment in Covacsis Technologies up to a sum not exceeding Rs 9.99 crore by subscribing to 43,192 Cumulative Convertible Preference Shares (CCPS). Covacsis is engaged in the business of providing product and solution to manufacturing industries in the space of Industrial IoT, Industry 4.0, smart manufacturing, and digital manufacturing.

The investment will result in the company holding up to 16.667% of the share capital of Covacsis. The company offers Energy Management Solutions that reduce the overall energy consumption for its customers. The value delivered by the EMS solutions will be enhanced through the combination of the Domain expertise of the Company and the digital capability of Covacsis to carry out advanced analytics of the plant performance.

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

4061.70 -58.25 (-1.41%)
22-Apr-2026 10:01 View Price Chart
Peers
Company Name CMP
BHEL 333.20
Thermax 4061.70
Kirloskar Oil Eng 1634.35
Skipper 474.15
GMM Pfaudler 912.10
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