Thermax

Thermax
Company type	Public
Traded as	BSE: 500411; NSE: THERMAX;
ISIN	INE152A01029
Industry	Conglomerate
Founded	1980; 45 years ago
Headquarters	Pune, Maharashtra, India
Area served	Worldwide
Key people	Meher Pudumjee (Chairperson); Ashish Bhandari (MD);
Products	Integrated products in the areas of clean air, clean energy, clean water and chemicals.
Revenue	₹9,323.46 crore (US$1.1 billion) (2024)
Net income	₹206.58 crore (US$24 million) (2021)
Total assets	₹6,506.87 crore (US$750 million) (2021)
Total equity	₹3,251.39 crore (US$380 million) (2021)
Website	www.thermaxglobal.com

Thermax Ltd is an Indian multinational engineering conglomerate, involved in clean air, clean energy and clean water, headquartered in Pune.^[2]

History

Thermax manufactures boilers to harness the power of steam. The company started with producing small, once-through, "baby" boilers to cater to the steam requirements at hospitals.^{[citation needed]} It was established in 1966, when A. S. Bhathena collaborated with a Belgian company, Wanson, to commence business operations in Dadar, Mumbai, India as Wanson India Ltd., manufacturing small boilers.^[3]

On 15 February 1995 it became a public company on the Bombay Stock Exchange. It has, since long, been known simply as Thermax Limited.^{[citation needed]}

In 2009, it signed a 51–49 joint venture with US firm SPX Corporation to provide equipment and services for the Indian power sector.^[4]^[5]

In 2010, it signed a joint venture agreement with US-based Babcock & Wilcox to manufacture super-critical boilers for the power sector.^[6]

References

^ ^a ^b ^c ^d "Press-Release_Thermax_q4-and-Annual-Results-for-Fy-2023-2024" (PDF). Retrieved 12 May 2024.
^ Ghoshal, Sumantra; Piramal, Gita; Bartlett, Christopher A. (2002). Managing Radical Change: What Indian Companies Must Do to Become World-class. Penguin Books India. p. 97. ISBN 978-0-14-100022-0.
^ "Thermax Ltd". The Times of India. Archived from the original on 16 October 2012. Retrieved 18 February 2011.
^ "Thermax-SPX JV to have combined investment of 250 mln". Reuters. 26 August 2009. Archived from the original on 15 February 2022. Retrieved 15 February 2022.
^ "Thermax in JV with U.S. firm SPX". Reuters. 26 August 2009. Archived from the original on 15 February 2022. Retrieved 15 February 2022.
^ "Thermax in JV with Babcock & Wilcox". Business Standard India. 10 March 2010. Archived from the original on 15 February 2022. Retrieved 15 February 2022.

[thermaxglobal.com-1] "Press-Release_Thermax_q4-and-Annual-Results-for-Fy-2023-2024" (PDF). Retrieved 12 May 2024.

[2] Ghoshal, Sumantra; Piramal, Gita; Bartlett, Christopher A. (2002). Managing Radical Change: What Indian Companies Must Do to Become World-class. Penguin Books India. p. 97. ISBN 978-0-14-100022-0.

[3] "Thermax Ltd". The Times of India. Archived from the original on 16 October 2012. Retrieved 18 February 2011.

[4] "Thermax-SPX JV to have combined investment of 250 mln". Reuters. 26 August 2009. Archived from the original on 15 February 2022. Retrieved 15 February 2022.

[fb-5] "Thermax in JV with U.S. firm SPX". Reuters. 26 August 2009. Archived from the original on 15 February 2022. Retrieved 15 February 2022.

[6] "Thermax in JV with Babcock & Wilcox". Business Standard India. 10 March 2010. Archived from the original on 15 February 2022. Retrieved 15 February 2022.

[1]

[2]

[3]

[4]

[5]

[6]

Thermax

History

See also

References

Portal di Ensiklopedia Dunia