Thermax has infused Rs 29.17 crore in wholly owned subsidiary --Thermax Engineering Singapore Pte (TESPL) for further investment in PT Thermax International ((PTTI), Indonesia, wholly owned subsidiary of TESPL. The additional equity investment is being made for operational purpose.
These companies (PTTI and TESPL) shall continue to be wholly owned subsidiaries of the Company (Thermax). The PTTI is in the business of designing, manufacturing, selling and doing service on boilers and associated equipment within the energy market.
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.
