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Thermax climbs on infusing Rs 29.17 crore in Thermax Engineering Singapore Pte

15 Dec 2023 Evaluate

Thermax is currently trading at Rs. 2816.05, up by 109.95 points or 4.06% from its previous closing of Rs. 2706.10 on the BSE.

The scrip opened at Rs. 2719.95 and has touched a high and low of Rs. 2831.20 and Rs. 2716.00 respectively. So far 13970 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3227.85 on 03-Oct-2023 and a 52 week low of Rs. 1830.35 on 23-Dec-2022.

Last one week high and low of the scrip stood at Rs. 2831.20 and Rs. 2647.90 respectively. The current market cap of the company is Rs. 33423.34 crore.

The promoters holding in the company stood at 61.98%, while Institutions and Non-Institutions held 28.00% and 10.02% respectively.

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.


Thermax Share Price

4062.55 9.25 (0.23%)
23-Apr-2026 16:59 View Price Chart
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