Thermax’s wholly owned subsidiary -- Thermax Onsite Energy Solutions (TOESL) has planned to infuse Rs 24.94 crore in its wholly owned subsidiary Thermax Energy & Environment Lanka (TEELK).
TEELK is engaged in the same line of business as TOESL. Additional capital is being infused to meet the fund requirements for execution of project. TEELK shall continue to be a wholly owned subsidiary of TOESL. The said transaction is expected to be completed on October 30, 2023.
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 |
---|---|
BHEL | 276.80 |
Bharat Electronics | 235.45 |
Thermax | 4480.50 |
Kirloskar Oil Eng | 993.65 |
Praj Industries | 546.90 |
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