Thermax has inducted Arun Unni has been inducted as the Business Unit Head, New Energy & Strategy and member of Senior Management of the Company. Powered by Capital Market - Live News

Net profit of Thermax rose 24.92% to Rs 197.03 crore in the quarter ended September 2024 as against Rs 157.73 crore during the previous quarter ended September 2023. Sales rose 13.43% to Rs 2611.59 crore in the quarter ended September 2024 as against Rs 2302.46 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2611.592302.46 13 OPM %10.648.88 - PBDT308.32250.43 23 PBT266.25217.47 22 NP197.03157.73 25 Powered by Capital Market - Live News

Thermax has entered into Share Purchase and Share Subscription Agreement with Buildtech Products India (Buildtech / Target), Sunder Lal Kothari, Sanjiv Kapoor and Prapti Kothari (Shareholders of Target) on 25 October 2024 for acquiring / subscribing to the 100% of the equity share capital of the Target. The acquisition would provide Thermax entry into niche infrastructure projects including tunnelling, hydro power projects, etc. by enhancing the current product portfolio of construction chemicals,waterproofing compounds/ systems, epoxy products, grouts (polyurethane), grout (cementitious), grout (epoxy), floor hardeners, curing compounds, sealants for joints, synthetic fibres (poly) adhesives, coatings and related products and other such chemicals used in infrastructure projects. Powered by Capital Market - Live News

Thermax will hold a meeting of the Board of Directors of the Company on 13 November 2024.Powered by Capital Market - Live News

Thermax has entered into a loan agreement with Thermax Babcock and Wilcox Energy Solutions (TBWES), wholly owned subsidiary of the Company for availing loan upto Rs. 250 crore in one or more tranches from TBWES.Powered by Capital Market - Live News