Thermax Wins ₹516 Crore Botswana Energy Project, Expands Impact in Southern Africa

On September 14, 2024, Thermax Babcock & Wilcox Energy Solutions Limited (TBWES), a fully owned subsidiary of Thermax, secured a repeat order worth ₹516 crore. 

This new order is for a 300 MW energy project from an industrial group in Botswana, Southern Africa. This project is part of a larger 600 MW initiative, making Thermax the exclusive partner for the entire development.

TBWES will provide two 550 TPH CFBC (circulating fluidised bed combustion) boilers like the previous order. They will handle all aspects of the project, including design, engineering, manufacturing, testing, supply, installation, and commissioning.

The energy produced will be supplied to the national utility grid, helping to meet regional power needs and improve energy security.

MD and CEO Ashish Bhandari commented on the project win,  “Winning the second order for the same project is a testament to the customer’s trust in our capabilities. With this project in Botswana, we look forward to contributing to the broader energy landscape in Southern Africa, enhancing its power infrastructure, and setting new benchmarks with best-in-class solutions for efficiency and environmental performance.”  

TBWES supplies equipment and solutions for generating steam used in processes and power production. It does this by burning different types of fuels—solid, liquid, and gas. It also recovers heat from turbines or engine exhausts and industrial processes. Additionally, TBWES provides heaters for the chemical, petrochemical, and refinery industries. Its services include updating and renovating old boilers and heaters.

About Thermax Limited

Thermax Limited is a major player in the energy and environment sectors, known for helping companies transition to cleaner energy. They offer many solutions, including clean air, clean energy, clean water, and chemicals. With strong industry partnerships and expertise in audit, consulting, execution, and maintenance, along with digital solutions, Thermax provides comprehensive management of energy and environmental needs. Their engineering skills help turn costs into profits while protecting the environment. Thermax runs 14 manufacturing plants in India, Europe, and Southeast Asia and has 43 subsidiaries both in India and internationally.

On September 16, 2024, the share price of Thermax Limited opened at ₹4,829.00, touching the day’s high at ₹5,020.00, as of 11:35 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.