Thermax Limited lands massive Rs 516cr deal – stock set to skyrocket?

Thermax Limited lands massive Rs 516cr deal – stock set to skyrocket?

Thermax Limited has announced that its wholly-owned subsidiary, Thermax Babcock & Wilcox Energy Solutions Limited (TBWES), has secured a significant order valued at Rs. 516 crore from Jindal Energy Botswana Pty Ltd. The order is for the supply of two 550 TPH Circulating Fluidised Bed Combustion (CFBC) boilers for a 600 MW greenfield energy project […]

Thermax to invest Rs 10cr in Mumbai-based Covacsis Technologies

Thermax to invest Rs 10cr in Mumbai-based Covacsis Technologies

Thermax Limited, an Indian engineering conglomerate, said that it will invest up to INR 9.99 crores in Covacsis Technologies Private Limited by subscribing to 43,192 cumulative convertible preference shares (CCPS) of the latter. In this connection, Thermax has signed a share subscription agreement with Covacsis, Tarun Mishra, and Amrish Goel, who are its promoters. The […]