Industrial energy solutions provider Thermax reported increase of 14 per cent in its consolidated net profit at Rs 102 crore as compared to Rs 90 crore last year for the second quarter ended on September 30, 2011. The revenue also posted an increase of 19 per cent at Rs 1303 crore from Rs 1092 crore last quarter, Thermax said in a filing to the Bombay Stock Exchange.
Thermax has signed technology transfer agreements with Tecnochem Italiana and Gruppo Chimico Dalton, Italy for construction chemicals. The tie-ups will help the company to offer advanced chemical technology for infrastructure development projects. It has also signed a technology and partnership agreement with Amonix Inc. of USA for power generation in India.