Thermax Limited — JV/Acquisition, 17-10-2025: Acquisition

Thermax is making strategic moves to optimize its structure and fuel growth. The company will merge wholly-owned subsidiary Buildtech Products India, specializing in construction materials and chemicals, aiming for simplified operations, enhanced synergies, and cost reduction. Furthermore, Thermax is injecting ₹40 Cr into its Fortmax Chemicals subsidiary to bolster capital and operational expenses in specialty chemicals. It's also providing up to ₹42 Cr as equity/loan to its Bio CNG step-down subsidiary, Enernxt, for similar growth initiatives. These investments underscore Thermax's commitment to strengthening its key chemical and clean energy sectors.