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Board of Thermax approves additional investment in First Energy

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Capital Market
Last Updated : Aug 12 2016 | 12:01 AM IST

At board meeting held on 10 August 2016

Thermax announced that the Board at its meeting held on 10 August 2016, has approved to make an additional investment in First Energy (FE), the alternative energy solutions company in which the Company has acquired 33% stake in July 2015.

It is proposed to make an additional investment of up to Rs. 6 crore in FE. The said investment is expected to be completed during the financial year 2016-17.

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First Published: Aug 11 2016 | 10:46 AM IST

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