Thermax climbs on opening new manufacturing facility for water, wastewater solutions in Pune
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Thermax is currently trading at Rs. 4703.95, up by 155.70 points or 3.42% from its previous closing of Rs. 4548.25 on the BSE.
The scrip opened at Rs. 4515.05 and has touched a high and low of Rs. 4874.00 and Rs. 4511.00 respectively. So far 10776 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4874.00 on 15-Apr-2024 and a 52 week low of Rs. 2178.00 on 20-Apr-2023.
Last one week high and low of the scrip stood at Rs. 4874.00 and Rs. 4504.50 respectively. The current market cap of the company is Rs. 56556.35 crore.
The promoters holding in the company stood at 61.98%, while Institutions and Non-Institutions held 28.06% and 9.96% respectively.
Thermax has opened state-of-the-art manufacturing facility in Pune for water and wastewater treatment solutions. This marks a significant step aligned with Thermax's broader mission of conserving resources and preserving the future. The new facility that is spread across two acres embodies the company’s dedication to excellence and engineering, driven by innovation, quality and customer-centricity.
The company’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 the company’s new technologies to offer softener and filter vessels, tubular membrane modules, and Capacitive Deionisation (CDI) solution. 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 minimising waste. Securing its supply chain, the plant will be supported by nearly 1,000 vendors from Maharashtra and across the country. The facility will also host a remote monitoring setup based on Thermax’s Edge Live digital solution.
Thermax is a leading energy and environment solutions provider is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals.
