Ashish Bhandari, Managing Director & CEO of Thermax, received the CEO of the Year 2025 award (Sustainability category) from ET Now Machinist at the 11th Super Shopfloor Awards in New Delhi. This recognition acknowledges his leadership in advancing green growth and steering the sustainable transformation of industrial operations.
Vipin Upadhyay, Head — HSE, Thermax, receiving the award at the forum
Thermax received the Sustainable Organisation Award 2025 at the 5th Sustainability Summit & Awards hosted by UBS Forums. The recognition reflects our continued commitment to energy and water conservation, circularity, ESG transparency, and embedding sustainability into everyday business decisions.
Thermax's Sri City manufacturing plant in Andhra Pradesh, India, received the Water Positive Certification from TÜV SÜD, recognising its efforts in conserving, recycling, and replenishing water resources. The certification reflects Thermax's commitment to sustainable water management and responsible green manufacturing practices.
Thermax received the Gold Award from the ASSP India Chapter in 2025, recognising its impactful renewable energy initiatives. The award highlights the Company's efforts in advancing clean energy adoption, improving energy efficiency, reducing carbon emissions, and integrating safety with sustainability through innovative and technology-driven solutions.
Thermax's 44th Annual Report won Platinum at the 2024/25 Vision Awards by the League of American Communications Professionals, marking its second consecutive win, following last year's Gold. Ranked among the Top 100 Reports Worldwide with a score of 99/100, the recognition reflects Thermax's commitment to transparent and high-quality corporate reporting.
Naresh Torane, Head — Thermax Finance Services, receiving the award at the forum
Thermax Finance Services was recognised as the Best Shared Service Team of the Year in the Industrial Manufacturing sector at the 16th Shared Services Summit & Awards 2025 by UBS Forums. This recognition celebrates Thermax's contribution to driving operational efficiency, innovation, and collaboration within the shared services domain.
Dr. Vasundhara Sen, Head — Regulatory Affairs at Thermax, receiving the award from Mr. Gaurav Kedia, Chairman of Indian Biogas Association (IBA)
Thermax was recognised for Operational Excellence in Biofuels at the International Summit and Expo on Bioenergy Value Chain in Delhi, India. The Company received the JEEV (Journey for Energy, Environment, and Vitality) Award for its impactful contributions to sustainability, innovation, and environmental stewardship.
Thermax Babcock & Wilcox Energy Solutions (TBWES) won the Platinum Award at the Confederation of Indian Industry (CII) National Kaizen Circle Competition 2025 for productivity improvement in manufacturing.
The recognised innovation reduced installation time for calcium silicate insulation in high pressure steam piping from 45 to 14 days, enhancing efficiency while maintaining safety and performance at a customer site.
Sanjay Galkwad, Growth Unit Head — ZLD, Water & Waste Solutions at Thermax receiving the award
Thermax received the National CSR Award for Excellence in Water under the 'Most Innovative New Technology of the Year' category for its zero steam MVR (mechanical vapour recompression) solution. The innovation enables decarbonised evaporation with reduced carbon emissions and water footprint, reinforcing Thermax's commitment to sustainable industrial transformation.
Thermax team receiving the BBS Ambassador Award 2025
Thermax Onsite Energy Solutions Limited received the BBS Ambassador Award 2025 from Baroda Management Association. This recognition celebrates Thermax's commitment to fostering a proactive safety culture through behaviour-based safety practices, including digital BBS reporting and AI-enabled PPE monitoring across operating sites.
Rajendran Arunachalam, Group CFO — Thermax, receiving the award at the event
Thermax's Air Pollution Control and Cooling businesses achieved Level 3 (Operational Level) in the Total Cost Maturity Model under the Confederation of Indian Industry TCM movement. Recognised at the CII Cost Congress 2025 in Mumbai, this milestone reflects a strong commitment to structured, innovation-led cost management for sustainable business outcomes.
