|

Thermax, UK firm partner for green hydrogen manufacturing

India, News

Thermax has partnered with Ceres Power to manufacture large-scale Solid Oxide Electrolysis Cells (SOEC), crucial for green hydrogen production. Leveraging its expertise in heat integration and waste heat recovery, Thermax will develop and produce pressurised stack array modules (SAM) and SAM balance of modules (SBM), essential for multi-megawatt SOEC electrolyser systems. Under a global license agreement, Thermax will manufacture, sell, and service these systems based on Ceres’ advanced SOEC technology. The collaboration aims to deliver…

|

Thermax posts 82% jump in Q1 profit to Rs 1.09 billion

India, News

Energy and environment solutions provider Thermax reported an 82% increase in consolidated net profit, reaching Rs 1.09 billion in Q1 FY25, up from Rs 600 million the previous year, driven by higher revenues. Consolidated operating revenue rose by 13% to Rs 21.84 billion from Rs 19.33 billion in the same quarter last fiscal. The order booking for the quarter stood at Rs 25.69 billion, nearly unchanged from Rs 25.67 billion a year ago. The board…

|

India’s first CO2-to-Methanol pilot plant launched in Pune

India, News

India’s first CO2-to-Methanol pilot plant has been unveiled at Thermax Limited’s premises in Pune, Maharashtra. This 1.4 tonnes-per-day capacity plant is a Public-Private Partnership (PPP) between IIT Delhi and Thermax Limited, with a project cost of Rs 310 million. It is supported by the Department of Science and Technology (DST), Ministry of Science and Technology. The plant aims to advance indigenous carbon capture and utilisation (CCU) technologies by developing new catalysts and processes to convert…