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Thermax arm secures Rs 516 cr repeat order for Botswana project

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Synopsis:

Thermax Babcock & Wilcox Energy Solutions won a Rs 516 cr repeat order to develop a 300 MW energy project in Botswana, enhancing energy security. The project forms part of a broader 600 MW development.

Thermax news today

Thermax Babcock & Wilcox Energy Solutions (TBWES), a wholly owned subsidiary of Thermax, has secured a Rs 516 crore repeat order from an industrial conglomerate in Botswana, Southern Africa. The order is for the second phase of a 600 MW energy project, in which Thermax plays a pivotal role.

This development marks Thermax’s ongoing involvement in a significant energy project aimed at improving the region’s energy security. TBWES is set to deliver a 300 MW energy project by supplying two 550 tonnes per hour (TPH) circulating fluidised bed combustion (CFBC) boilers. The scope of work includes the design, engineering, manufacturing, testing, supply, and supervision of the entire commissioning process.

THERMAX LTD

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Updated - 03 October 2024
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Expanding energy infrastructure in Southern Africa

The 300 MW project represents the second phase of a larger 600 MW energy initiative. By securing this order, Thermax has cemented its position as the key partner for this large-scale development. The project will supply power to the national utility grid, addressing Southern Africa's growing energy demands and contributing to the region's overall energy stability.

Thermax’s extensive experience in providing energy solutions is underscored by the scale and complexity of this project. The use of CFBC boilers in this energy setup will allow for efficient power generation while maintaining environmental sustainability.

Broader implications for Thermax

Thermax has seen significant growth over the past year, reflecting strong operational performance. The company's consolidated net profit in Q1 FY25 surged by 96.68% year-on-year, reaching Rs 115.81 crore, up from Rs 58.88 crore in Q1 FY24. Its revenue from operations for the same period stood at Rs 2,184.41 crore, marking a 13.01% growth from the previous year.

Thermax’s role in Southern Africa’s power landscape aligns with its broader strategy of expanding its international footprint. With manufacturing capabilities spread across India, Europe, and Southeast Asia, the company’s expertise spans various areas, including power, cooling, water management, and air pollution control.

Thermax’s latest project win in Botswana is a significant milestone in the company’s growth trajectory. With a Rs 516 crore repeat order for a 300 MW energy project, Thermax continues to build its reputation as a reliable partner for large-scale energy solutions. This expansion into Southern Africa not only bolsters regional energy security but also contributes to Thermax’s overall market presence. Keep an eye on the Thermax share price as the company strengthens its international portfolio.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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