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Thermax Ltd News

Thermax stock hits new high, up 4% on securing order worth of Rs 513 crore

Thermax, in an exchange filing, said Thermax Babcock & Wilcox Energy Solutions Limited, a wholly-owned subsidiary of the company, has concluded an order of Rs 513 crore for supply of 2X 550 TPH boiler

Thermax stock hits new high, up 4% on securing order worth of Rs 513 crore
Updated On : 08 Jul 2024 | 2:28 PM IST

Thermax's stock rises 5% after subsidiary gets work order worth Rs 513 cr

Thermax shares zoomed 4.6 per cent at 5287.10 per share on the BSE in Friday's intraday trade after the company informed the bourses that it has bagged a big work order worth Rs 513 crore

Thermax's stock rises 5% after subsidiary gets work order worth Rs 513 cr
Updated On : 05 Jul 2024 | 12:50 PM IST

Capital goods soars 6%, records sharpest intra-day rally since March 2020

Bharat Electronics, Larsen & Toubro, Hindustan Aeronautics, CG Power, Bharat Heavy Electricals and Schaeffler India have rallied between 7% and 9% in intra-day trade

Capital goods soars 6%, records sharpest intra-day rally since March 2020
Updated On : 03 Jun 2024 | 11:51 AM IST

Capital Goods index hits record high; Thermax, CG Power rally up to 14%

In the past six months, the BSE Capital Goods index has outperformed the market by surging 31%, as against a 11% rally in the S&P BSE Sensex.

Capital Goods index hits record high; Thermax, CG Power rally up to 14%
Updated On : 15 May 2024 | 11:20 AM IST

Thermax's Q4 results: Net profit rises 20.5% to Rs 188 cr on strong demand

Capital goods companies in India have benefitted from the government's push on infrastructure and clean energy through increased capital expenditure and production-linked incentive schemes

Thermax's Q4 results: Net profit rises 20.5% to Rs 188 cr on strong demand
Updated On : 10 May 2024 | 7:52 PM IST

Thermax plans commercial-scale trial on high-ash coal gasification project

Energy and environmental services major, Thermax Ltd, said on Friday that it is in discussion with several steel companies in the eastern region for a commercial-scale high-ash coal gasification project. This project will be the first of its kind in the eastern region. Thermax is also in dialogue with Coal India on coal gasification technology. CIL has plans to set up a coal-to-SNG (Synthetic Natural Gas) project in the Eastern Coalfields Limited command area. In this domain, Thermax claims to have patented technology. "We are currently in talks with steel companies for a project that will pioneer high-ash coal gasification in the eastern region. Deliberations are going on regarding the funding, which is facing a viability gap of approximately 30-40 per cent of the project cost," Thermax MD and CEO Ashish Bhandari said. Although the government is expected to provide viability gap funding of around 15 per cent, companies will need to address the remaining funding gap, he said. "We

Thermax plans commercial-scale trial on high-ash coal gasification project
Updated On : 15 Mar 2024 | 9:09 PM IST

Thermax Q3 results: Profit jumps nearly 88% to Rs 237 cr on high revenues

Thermax on Thursday posted nearly 88 per cent jump in consolidated net profit to Rs 237.06 crore in the December quarter, mainly on the back of higher revenues. Its consolidated net profit was Rs 126.40 crore in the year-ago period, a BSE filing showed. Total income rose to Rs 2,382.76 crore in the quarter from Rs 2,091.57 crore a year ago. The company's board approved additional capex of Rs 45 crore to set up an ion exchange resin manufacturing plant at Jhagadia, Gujarat. As of December 31, the order balance for the quarter was Rs 10,717 crore as compared to Rs 9,859 crore in the previous fiscal, up 9 per cent, it stated. The order booking for the quarter under review was Rs 2,506 crore, 14 per cent higher than Rs 2,204 crore in the last fiscal, it stated.

Thermax Q3 results: Profit jumps nearly 88% to Rs 237 cr on high revenues
Updated On : 08 Feb 2024 | 3:53 PM IST