Thermax Ltd Company History

During the year under review, your company introduced five new products in the standard packaged boiler range. The company also launched a wide range of products incorporating Kawasaki modular technology in our Vapour Absorption Division.

The products launched by TCWTL like Purichill, the household softener

Eversoft and Point-of-Entry systems have gained market acceptance.

During the year under review, Thermax Energy Performance Services signed

its first Master Energyrvice Agreement (MESA) with a leading company in Gujarat.

The company developed and introduced a technology called Submerged Aerated

Fixed Film (SAFF).

The Waste Management division has entered into a technical transfer agreement with Ozone Processes Inc., USA for state-of-the-art Electro-Precipitation technology.

During the year, a licence agreement was signed with Environmental Elements Corporation (EEC), USA, for electrostatic precipitators and large bag houses used by a range of industries.

The Company, during the year, also set up a Learning Resource Centre.

During the year, Thermax (Rus) Limited and Winman Gas Limited became subsidiaries of the Company.

Mr. R.A. Shroff resigned as Director with effect from 27th October 1997. Mr. B. F. Gagrat resigned as Director with effect from 11th March 1998.

Issued, Subscribed & Paid up Capital includes 21,35,640 Equity Shares of Rs. 10 each allotted as fully paid up for consideration other than cash as per various schemes of amalgamation and 34,27,500 shares of Rs. 10 each issued by way of bonus shares on capitalisation of General Reserve.

The Company has technologies in areas of water and wastewater management to effectively meet the demand for infrastructure water.

During the year under review, the Company developed a more advanced process called PDP II.

The Cogen/ power business was badly affected by the delay in financial closures during the year under review.

The cogen plants supplied by the Company to Arvind Mills at its two sites in Gujarat were commissioned during the year under review and are meeting the steam and power requirements of the customer.

The Air Pollution division has signed a technology co-operation agreement with Schalke of Germany to enable steel industries control dust and obnoxious gas emissions from coke oven batteries, in line with a recent Govt. of India gazette notification.

During the year, Thermax Co-gen Limited became a subsidiary of the Company.

With effect from 1st July 1999, Mr. A.M. Nalawade, Managing Director of the Company has been redesignated as Managing Director.

The tenure of appointment of Mr. G. Trivedi, Whole-time Director of the Company, expired on 30th June 1999.

The tenure of appointment of Mr. M.J. Shaikhali, Mr. R.V Ramani and Dr. N.D. Joshi as Whole-time Directors expired on 30th June 1999.

Mr D. L. Chavan resigned as Director with effect from 31st July 1998.

The Company has acquired ME Engineering, a UK-based company belonging to the Beel Industrial Boilers Plc group.

The Company has signed an exclusive distribution agreement for South Asian markets with US company Purafil Inc to market their dry gas scrubbers popularly known as chemical filters.

Thermax Ltd has signed a memorandum of understanding with the Society of Applied Microwave Electronics Engineering and Research for commercialisation of the latter's microwave disinfection system for treating pathological bio-medical waste generated by

hospitals and research institutes.

The Company appointed Mr. P.M. Kulkarni as the Managing Director effective from 21st July.

Thermax has entered into a share-swap arrangement with Global Tele-systems for its software subsidiary, Thermax Systems and Software.

The Industrial Fan Division of Thermax Ltd. has been taken over by the Mumbai-based Universal Fans India Pvt. Ltd. (UFL).

Pune-based Thermax Ltd. has received ISO 14001 certification for its environmental management system in its manufacturing plant at Chinchwad.

2001 - Thermax has setting up of a wholly owned subsidiary company, Thermax Inc, in the US

with an initial equity base of $500,000 to enable it to push exports.

Thermax has set up its second overseas wholly-owned subsidiary, in Detroit, USA.

Thermax Ltd is acquiring a 50 per cent stake in Energy Performance Service (Thailand), a subsidiary of Energy Performance Service of Canada.

Thermax and Cummins Diesel Sales and Services, the wholly owned subsidiary of the Cummins India, has entered into a strategic alliance to provide attractive energy solutions to various industry segments.

Thermax, which is restructuring its business, has sold its electronics and surface coating businesses. The two businesses were carried out through two subsidiaries, Thermax Electronics and Thermax Surface Coatings, respectively.

Thermax Ltd. the company has acquired the 50% equity stake of Culligan Water Technologies Ltd (erstwhile Thermax Culligan Water Technologies Ltd). Consequently Thermax Water Technologies has become a 100% subsidiary of the company.

Sunil Lalai appointed as Company Secretary of Thermax.

Mr.Prakash Kulkarni acquires additional shares amounting to 2250 shares in Thermax Ltd.

Mrs. Meher P Pudumjee is appointed as non-executive vice-chairperson of Thermax Ltd.

Mr.Jairam Varadraj has been appointed as Additional Director on the Board of Thermax.

Shri Ashok Gehlot, Hon Chief Minister of Rajasthan inaugurated Thermax Captive Power

plant in Beawar .

Anu Aga proposes her daughters name as chairperson's post of Thermax Ltd.

Thermax Ltd has informed that the company has incorporated and invested US $ 200,000 in a wholly owned overseas (WOS) subsidiary set up in Brazil.

Thermax receives Letter of Intent for Rs. 744.70 mn Power Plant

Thermax Ltd has informed that the Company has set up a wholly owned subsidiary in Hong Kong, in the name and style "Thermax Hong Kong Ltd". This subsidiary would address the business opportunities identified in the Asia Pacific Region and more particularly in China for Absorption Chillers.

Thermax bags an order for Captive Power Plant

Thermax's Cogen Division receives letter of intent worth Rs 650 million

Thermax Ltd has acquired 40 per cent stake of Babcock & Wilcox International Investments Co Inc (BWII) held in their joint venture for an undisclosed sum.

Thermax inks agreement with HWB

Thermax Ltd has informed that the Company is setting up a plant in the People's Republic of China for manufacturing Absorption Chillers with an investment of US$ 8.0 million.

Company has splits its Face value of Shares from Rs 10 to Rs 2

Thermax signs technology agreement with German Air Pollution Control leader

Thermax Ltd has informed that the Board of Directors of the Company at its meeting held on January 29, 2008, inter alia, has approved the appointment of Dr. R A Mashelkar, Independent Director as an Additional Director of the Company with immediate effect.

Thermax signs 15-year pact with US firm

Thermax signs license pact with Babcock & Wilcox

Thermax receives an order of Rs 415 crore

Thermax Ltd has received an order of Rs 255 crore from a leading business conglomerate for supply of 4 x 250 TPH coal cum washery rejects CFBC boilers (Circulating Fluidised Bed Combustion Boiler).

Thermax on Sept 17 bagged an order for the supply of 270-MW power plant on a turnkey basis to be set up by a Hyderabad-based infrastructure company.

Business Excellence award for Thermax

Thermax wins order worth Rs. 1000 crore

Thermax signs technology agreements for advanced wastewater treatment

Thermax-SPX joint venture agreement signed

Thermax receives Rs 240 crore order to supply CFBC boilers for Independent Power .

Thermax - Thermax bags Rs 580 crore order for gas based power plant.

Thermax - Thermax signs technology transfer agreement with Lambion: Generating energy from waste.

Thermax - Thermax receives an order of Rs. 366 crore.

Mr. Nawshir Mirza has been appointed as an Additional Director on the Board of the Company.

Thermax - Thermax wins Rs. 403 crore order from captive power plant.

Thermax develops new solar cooling system.

The Company has received a letter from RDA Holding & Trading Private Limited, the Holding Company of Thermax Ltd, informing that the Registrar of Companies, Pune has issued a fresh certificate of incorporation consequent upon change of existing name of the Company to 'RDA Holdings Private Limited'.

Thermax secures Asian Power Awards for cogeneration plant.

''Thermax acquires Rifox, German steam Products Company : Strategic fit for the Company's steam engineering business".

"Thermax bags Rs. 280 crores EPC order for a power plant".

Thermax bags Rs. 1700 crore order for supply of CFBC boilers

Thermax receives order worth Rs 269 cr from a leading petrochemical Company for its proposed captive power plant as a part of its expansion program.

Board recommends Dividend of 7/- per share of face value of Rs. 2/- i.e. @ 350% to the shareholders

Thermax wins another order worth Rs. 351 crore in Africa to build and commission a captive power plant

Thermax Babcock & Wilcox Energy Solutions (TBWES)

wins Rs. 339 Crore export order

Thermax & Zensar to set up skill development centre pune.

Thermax acquires 33% stake in First Energy

Thermax acquires stake in First Energy for synergy in commercial space with alternative energy offerings

Thermax Ltd has secured an order from Rashtriya Chemicals and Fertilizers Ltd (RCF) for supply of two 25 MW each gas turbines and two 100 TPH each waste heat recovery boilers towards installation of gas based co-generation power plant at RCF in Maharashtra.

Thermax raises stake in First Energy to 54.67%.

2017

Thermax Group bags export contract of USD 43 million.

"Thermax bags its first EPC power plant order in the GCC Region".

Thermax wins Rs. 327 crore co-generation power plant order.

Thermax bags order worth Rs 327 crore.

Thermax bags Rs 503 cr order from fertiliser company.

Thermax wins Rs. 431 crore order for two Flue Gas Desulphurisation (FGD) systems.

Thermax inaugurates its state of the art manufacturing facility at Sri City, Andhra Pradesh.

Thermax wins major order for a captive Combined Heat and Power plant.

Thermax launches compact sewage recycle system 'atoM'.

Thermax signs agreement with Power Roll to develop the market for solar film in India.

Thermax bags Rs. 830 crore order for three Flue Gas Desulphurisation (FGD) systems.

Thermax bags Rs. 545.6 crore order for two Flue Gas Desulphurisation (FGD) systems.

Thermax won an order of Rs. 522 crore for a refinery and petrochemical complex.

Thermax bags Rs. 1,176 crore order for a Sulphur Recovery Block.

Thermax enters the green hydrogen market in partnership with Fortescue Future Industries.

Thermax wins Rs. 271.50 crore order from India’s biggest refinery for mechanical balance of plant

Thermax wins Rs. 251.7 crore order to renovate and modernise ESPs for an Indian public sector power company.