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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

MSUnnikrishnan,MD,Thermax EnergyandenvironmentsolutionsproviderThermax,whichhasbeenfacingchallengesinitsbusiness,duetoslowgrowthindomesticandsomeofitsinternationalmarketsisstillgoingaheadwithitscapexplansforFY17.ThecompanyintendstoinvestaboutRs450-455croreinexpandingitsmanufacturingcentresinIndiaaswellasininternationalmarkets.  TobeginwiththecompanyhasearmarkedinvestmentofRs138croreinbuildingachemicalfactoryforthemanufacturingofionexchange ...