Thermax rides the ESG wave, 75% of FY22 orders for green offerings
The emphasis on decarbonisation and the race towards net-zero emissions are driving the order book of Thermax Group. Ashish Bhandari, MD and CEO of the company said around 75% of the total orders received during FY22 were for Thermax’s green offerings. The capital expenditure plans of steel and chemical companies have also contributed to the order inflow.
The company’s order pipeline continued to be strong with a healthy enquiry pipeline from cement, steel, sugar, F&B and petrochemicals due to increased capital expenditure in the private sector and government policies, including the PLI scheme.
