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Thermax capex for FY17 Rs 450-455 cr; Q1 net profit down 26%

The company has earmarked investment of Rs 138 cr in building a chemical factory for the manufacturing of ion exchange resins at Dahej

Shivani Shinde Nadhe  |  Pune 

M S Unnikrishnan, MD, Thermax Energy and environment solutions provider Thermax, which has been facing challenges in its business, due to slow growth in domestic and some of its international markets is still going ahead with its capex plans for FY17. The company intends to invest about Rs 450-455 crore in expanding its manufacturing centres in India as well as in international markets.

To begin with the company has earmarked investment of Rs 138 crore in building a chemical factory for the manufacturing of ion exchange resins at Dahej. The ...

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First Published: Wed, August 10 2016. 18:52 IST