Headquartered in Pune, Thermax Limited (NSE: THERMAX) has been at the forefront of the energy and environment sector since 1966. As a trusted partner in the global energy transition, we deliver sustainable solutions to industries across heating, cooling, power generation, and air pollution control.
Our expertise in water and wastewater treatment and recycling enables customers to optimise resource efficiency, while our range of chemicals is engineered to deliver high performance across diverse applications.
Driven by our commitment to clean air, clean energy, and clean water, we provide integrated, future-ready solutions supported by strategic partnerships and a strong culture of innovation.
Thermax recorded a consolidated revenue of Rs. 10,694 crore in FY 2025-26, up 3.1% as compared to Rs. 10,369 crore in FY 2024-25. Consolidated PAT stood at Rs. 720 crore, up 14.9% from Rs. 627 crore in the previous year. Order booking grew 34.2% to Rs. 13,871 crore, compared to Rs. 10,337 crore in FY 2024-25.
In 2025, Thermax marked 30 years since its listing on the National Stock Exchange (NSE) with a ceremonial bell-ringing event in Mumbai. Hosted by the NSE, the occasion was attended by members of the promoter family, the Managing Director & CEO, former and current Board members, senior leaders, customers, and long-standing stakeholders who have contributed to the Company’s growth and evolution over the past three decades.
Thermax Babcock & Wilcox Energy Solutions Limited (TBWES) secured a breakthrough boiler package supply order valued at approximately Rs. 1,600 crore from a leading thermal power projects company in Central India for a 1 x 800 MW ultra-supercritical thermal power plant.
Thermax entered into a strategic partnership with HydrogenPro for its proven alkaline electrolyser technology. Under this collaboration, Thermax will have exclusive rights in India for the supply, installation, commissioning, and lifecycle support of HydrogenPro’s electrolyser systems, further strengthening its capabilities in the green hydrogen ecosystem.
To be a globally respected high-performance organisation offering sustainable solutions in energy and the environment.
Our business ethos is rooted in good governance. We respect and balance the interests of our diverse stakeholders.
