Multibagger stock engaged in offering integrated solutions in heating, water treatment, cooling, power generation, recycling, and many more jumped upto 7 percent in the day’s trade following the opening of its state-of-the-art manufacturing facility for providing water and wastewater treatment solutions.
With a market capitalization of Rs. 55,957 Crores, the shares of Thermax Limited closed at Rs. 4,696, up 3.25 percent from its previous day’s close price of Rs. 4,754. It has delivered multibagger returns of 109 percent in a year.
Thermax Limited announced the opening of its state-of-the-art manufacturing facility in Pune for water and wastewater treatment solutions aligned with Thermax’s broader mission of conserving resources and preserving the future.
Thermax’s Water and Waste Solutions business, in recent years, has expanded significantly to include not only Reverse Osmosis (RO) and Sewage Treatment Plants (STP) but also Effluent Recycling Systems (ERS) and Zero Liquid Discharge (ZLD) solutions
In addition to these, the plant will also implement and cater to Thermax’s new technologies to offer softener and filter vessels, tubular membrane modules, and Capacitive Deionisation (CDI) solutions. The new facility can be scaled to double its capacity.
The factory will integrate advanced production techniques and high levels of automation to enhance production efficiency and output while minimizing waste. Securing its supply chain, the plant will be supported by nearly 1,000 vendors from Maharashtra and across the country. The facility will host a remote monitoring setup based on Thermax’s Edge Live ® digital solution
Thermax Limited is engaged in offering integrated solutions in heating, water treatment, cooling, power generation, recycling, air pollution control, chemicals, and many more.
Its revenue from operations grew by 13.42 percent from Rs. 2,049 Crores in Q3FY23 to Rs. 2,324 Crores in Q3FY24, accompanied by profits of Rs. 126 Crores to Rs. 237 Crores.
Written by: Bharath K.S
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