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Thermax inks MoU with HPCL to exchange scientific information

30 Jan 2026 Evaluate

Thermax has signed a memorandum of understanding (MoU) with HPCL, a Maharatna Public Sector Enterprise, one of India’s largest integrated oil refining & marketing company, and entering into a strategic collaboration with an aim to exchange scientific information, carry out joint research, and encourage demonstration & deployment in the field of HP AEM electrolysers, CO2 capture solutions, bio-pyrolysis oil processing and other emerging new energy areas. This collaboration will accelerate the deployment of indigenous, sustainable energy technologies and significantly advance the ‘Make in India’ vision aligned with India’s energy transition and climate objectives.

Thermax is an engineering company providing sustainable solutions in energy and environment.

Peers
Company Name CMP
Bharat Heavy Elect. 423.00
Thermax 3462.85
Kirloskar Industries 3678.25
Skipper 568.00
INDO-MIM 1251.30
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