Some green shoots emerging for Thermax

Improving order flows lifts confidence; recovery in domestic private capex key

Ujjval Jauhari 

An otherwise subdued Street sentiment got a boost after energy and environment engineering company Thermax secured a large export order. The company’s first EPC (engineering, procurement and construction) order from the Gulf region, worth $43 million (Rs 275 crore) to set up a turnkey captive power plant for a UAE-based cement firm, saw the stock surge over seven per cent. “We intend to expand our footprint in this region where we have been providing solutions,” M S Unnikrishnan, managing director and chief executive officer of Thermax, ...

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First Published: Fri, September 15 2017. 00:02 IST