Thermax Commits ₹400 Million Investment in Subsidiaries to Accelerate Clean Energy and Chemical Expansion

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Thermax Ltd has approved a ₹400 million investment across two subsidiaries—Thermax Chemical Solutions and Enernxt Private Ltd—to support growth in industrial chemicals and bio-CNG. The move aligns with its clean energy strategy and operational streamlining, including a merger with Buildtech Products India Pvt Ltd to consolidate manufacturing capabilities.

Thermax Ltd, a leading energy and environment solutions provider, has announced a strategic investment of ₹400 million across its subsidiaries to bolster its clean energy and chemical businesses. The decision was approved during the company’s recent board meeting and includes equity infusion and operational support for key growth verticals.

Major Takeaways:

Investment Breakdown:

₹400 million (₹40 crore) will be infused into Thermax Chemical Solutions Pvt Ltd, primarily to support its subsidiary Fortmax Chemicals India Pvt Ltd.
An additional ₹420 million (₹42 crore) will be extended to Enernxt Private Ltd, a step-down subsidiary, via Thermax Onsite Energy Solutions Ltd, to scale its Bio-CNG operations.

Strategic Rationale: The investments aim to accelerate growth in industrial chemicals and renewable energy, two pillars of Thermax’s long-term sustainability roadmap.

Subsidiary Merger: Thermax also approved the merger of Buildtech Products India Pvt Ltd, a wholly owned subsidiary, with the parent company. This move is expected to streamline operations, reduce overheads, and enhance manufacturing synergies.

Clean Energy Focus: Enernxt’s Bio-CNG platform is being positioned to serve industrial clients seeking low-carbon fuel alternatives, while Fortmax Chemicals will expand its portfolio of high-performance specialty chemicals.

Leadership Commentary: Company executives emphasized that these investments reflect Thermax’s commitment to innovation, sustainability, and value creation, especially in emerging sectors like green fuels and advanced materials.

Notable Updates:

Thermax continues to expand its international footprint, with recent partnerships in Brazil and Southeast Asia for clean tech deployment.
The company reported a 39% YoY increase in net profit in Q1 FY26, supported by strong order inflows and margin improvements.

With this capital allocation, Thermax is reinforcing its strategic pivot toward clean energy and advanced industrial solutions, while optimizing its corporate structure for scale and agility.

Sources: ScanX News, Thermax Press Releases, StockInsights

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