Thermax Expands Its Green Energy Portfolio

Thermax Ltd. has acquired a 23.03% stake in Thermax Bioenergy Solutions Private Limited, making it a wholly-owned subsidiary. The purchase, from Everenviro Resource Management, was disclosed in a recent exchange filing. Although financial details were not shared, this move strengthens Thermax's focus on energy and environment solutions.

Devdiscourse News Desk | New Delhi | Updated: 20-08-2025 19:08 IST | Created: 20-08-2025 19:08 IST

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Thermax Ltd., an eminent player in the energy and environment sector, has successfully acquired a 23.03% stake in Thermax Bioenergy Solutions Private Limited (TBSPL). With this acquisition, TBSPL now operates as a wholly-owned subsidiary, further solidifying Thermax's vision in sustainable solutions.

The company announced last week that it had entered a Share Purchase Agreement with Everenviro Resource Management to facilitate this acquisition. The specific financial terms of the transaction have not been disclosed, reflecting Thermax's strategic yet discreet business approach.

Based in Pune, Thermax continues to be a frontrunner in delivering comprehensive energy and environmental solutions globally, underscoring its growth strategy in eco-friendly ventures and reinforcing its market position.

(With inputs from agencies.)