Page 2 - Thermax Limited

Thermax bags Rs 545-cr order for 2 flue-gas desulphurisation systems

The project is slated to be completed in 30 months

Stocks to watch: HDFC, BPCL, Thermax, PNB Housing, Motherson Sumi

HDFC has said it will raise up to Rs 7,000 crore by issuing bonds on private placement basis

Thermax net marginally down 2% at Rs 83 crore in December quarter

Thermax on Wednesday reported a marginal decline of 2 per cent in its consolidated net profit at Rs 83 crore for the December quarter, mainly due to certain exceptional items.

Thermax reports Rs 15.27 crore consolidated loss for June quarter

Thermax Ltd on Wednesday reported a consolidated net loss of Rs 15.27 crore for the quarter ended June 30. It had posted a Rs 62.76 crore net profit during the corresponding quarter of the previous financial year, Thermax Ltd said in a BSE filing. The company during April-June 2020 reported a total income of Rs 685.86 crore. It had posted a total income of Rs 1,414.01 crore in the year-ago quarter. Its total expenses during the June 2020 quarter stood at Rs 708.35 crore. It had stood at Rs 1,323.96 crore a year ago. In a statement, it said Thermax Group Managing Director and Chief Executive Officer M S Unnikrishnan will retire on August 31, 2020, after serving the company for 13 years in the capacity. Ashish Bhandari, who joined as the firm's joint MD on April 7, 2020, will succeed him as the new MD & CEO. "The group's operations and financial results for the quarter were adversely impacted by the lockdown imposed to contain the spread of COVID-19. The operations gradually resume

Thermax's Rs 166 cr plant, company's ninth in India, opens in Sri City

Unit has a capacity to make 400 vapour absorption 400 machines a year