Thermax Limited — Updates, 25-10-2024: Press Release

Thermax Limited has signed an agreement to acquire 100% of Buildtech Products India Private Limited for approximately Rs. 72 crore. This acquisition enhances Thermax's construction chemicals portfolio, allowing entry into niche infrastructure projects like tunneling and hydro power. Buildtech specializes in manufacturing admixtures and capsules for construction, and has consistently contributed to projects across various sectors since its establishment in 1995. The acquisition further supports Thermax's commitment to India's infrastructure development.