Thermax share price saw a 1.5% increase in early trading on September 16, after its subsidiary secured a repeat order to establish another 300 MW energy project. At 09:21 am, the company's stock was quoted at ₹4,800, reflecting a rise of ₹72.75, or 1.54%, on the Bombay Stock Exchange (BSE). This development strengthens Thermax's position in the share market investment landscape as the company continues to garner investor confidence.
Thermax subsidiary wins ₹516 crore order
Thermax Babcock & Wilcox Energy Solutions Limited (TBWES), a wholly owned subsidiary of Thermax, has won a repeat order worth ₹516 crore. The project involves setting up a 300 MW energy facility for an industrial conglomerate based in Botswana, Southern Africa. This order represents the second phase of a larger 600 MW project, underscoring Thermax's growing footprint in global energy infrastructure. This key development not only boosts the company's growth but also reinforces its role as a trusted entity in share market investment.
Comprehensive project responsibilities
For the Botswana project, TBWES will be responsible for supplying two 550 TPH CFBC (circulating fluidized bed combustion) boilers. In addition to equipment supply, the subsidiary will handle the entire project life cycle, including design, engineering, manufacturing, testing, and supervision of erection and commissioning. It will also manage performance testing, ensuring the successful implementation of the project. Such large-scale projects enhance Thermax's reputation, making it an attractive option for those looking to invest in stocks, particularly within the energy sector.
Customer trust and long-term growth potential
According to Ashish Bhandari, MD and CEO of Thermax, this repeat order highlights the trust placed in the company's capabilities by its clients. He emphasised that this project will contribute significantly to Southern Africa's energy infrastructure. The company aims to set benchmarks in efficiency and environmental performance with its best-in-class solutions. This strategic approach positions Thermax as a valuable player in the share market investment arena, attracting both long-term investors and those seeking growth opportunities.
Thermax's partnership with Ceres Power
In addition to its recent project success, Thermax has announced a strategic collaboration with Ceres Power Holdings plc (CWR.L). Under a non-exclusive global license agreement, Thermax will manufacture, sell, and service stack array modules (SAM) based on Ceres' advanced solid oxide electrolysis cell (SOEC) technology. This collaboration marks a significant leap in innovation, providing new opportunities for investors exploring share market investment in renewable energy.
Future prospects and market potential
Thermax's consistent performance and strategic partnerships are enhancing its market visibility. The company's ability to secure large international orders, such as the Botswana energy project, and its innovative partnerships in the renewable sector position it as a strong contender for share market investment. As Thermax continues to grow and expand its capabilities, investors can expect significant returns from its stocks, making it an appealing choice for those aiming to invest in stocks that demonstrate solid growth potential.
In conclusion, Thermax's success in securing a ₹516 crore repeat order and its ongoing strategic initiatives highlight its growing influence in the energy sector. This progress makes it a promising stock for those interested in share market investment.
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