Market News
2 min read | Updated on April 15, 2024, 17:36 IST
SUMMARY
Thermax has inaugurated a water and wastewater treatment plant that integrates advanced production techniques and high levels of automation to enhance production efficiency and output while minimising waste.
Stock list
Thermax starts water and wastewater treatment facility in Pune
Thermax’s water and waste solutions business has over the past few years expanded to include a number of solutions: from reverse osmosis and sewage treatment plants to effluent recycling systems and zero liquid discharge.
“In addition to these, the newly-commissioned plant will also implement and cater to Thermax’s new technologies to offer softener and filter vessels, tubular membrane modules, and capacitive deionisation (CDI) solution. The facility can be scaled to double its capacity,” Thermax said in its statement.
The factory will integrate advanced production techniques and high levels of automation to enhance production efficiency and output while minimising waste.
Securing its supply chain, the plant will be supported by nearly 1,000 vendors from Maharashtra and across the country, according to the company.
“Establishing a world-class manufacturing facility for water and wastewater solutions reflects our relentless pursuit of setting higher benchmarks in providing clean solutions for diverse applications across industries as well as our resolute commitment to investing in enhancing the nation’s engineering capabilities,” Ashish Bhandari, MD and CEO of Thermax, said.
“This technologically advanced plant will set new standards in efficiency, reliability, and sustainability, ensuring that our customers receive the highest-quality water and wastewater treatment solutions,” Bhandari added.
Thermax’s new factory operates entirely on solar energy and has a robust rainwater harvesting infrastructure. The facility complies with rigourous green regulations.
Thermax's portfolio includes clean air, clean energy, clean water and chemical solutions. It operates 14 manufacturing facilities across India, Europe, and Southeast Asia and has 39 Indian and international subsidiaries.
The company’s shares were up 3.4% in afternoon trade and have risen 107% over the past one year compared to the Nifty’s 26% gain.
About The Author
Next Story