BAJAJ BROKING
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 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.
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.
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.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
What is Spread Betting and How Does it Work
13 Dec, 2024 | 9 Min. read
Learn Everything About Breakout Trading
13 Dec, 2024 | 5 Min. read
Gold Price in India | Gold Drops 1% After Reaching Five-Week High
13 Dec, 2024 | 39 Min. read
Statement of Account and Demat Account: Meaning & Differences
13 Dec, 2024 | 4 Min. read
What are the Timing For Commodity Market Trading?
13 Dec, 2024 | 6 Min. read
Defence Ministry Signs ₹13,500-Crore Deal with HAL for Su-30MKI Jets
13 Dec, 2024 | 2 Min. read
Kalpataru Projects To Raise ₹1,000 Cr Via QIP; Bags ₹2,174 Cr Orders
13 Dec, 2024 | 2 Min. read
Repo Rate & Reverse Repo Rate: Differences, Full Form & Meaning
13 Dec, 2024 | 5 Min. read
Ashok Leyland Wins ₹345.58 Crore Order for 1,475 BSVI Bus Chassis
13 Dec, 2024 | 2 Min. read
Zomato Faces ₹803 Crore GST Demand, Including Interest and Penalty
13 Dec, 2024 | 2 Min. read
Share Market Today | Gift Nifty Indicates Negative Start For Indian Markets
13 Dec, 2024 | 4 Min. read
Indian Overseas Bank Receives ₹808.3 Crore Income Tax Refund
12 Dec, 2024 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading