Thermax to look at partners for renewable energy business

The Thermax Group would look at working with partners to ramp up the renewable energy arm, First Energy (FEPL) business. FEPL is into solar, wind and solar wind hybrid energy and is part of the green solution-focused portfolio Thermax was building.

Ashish Bhandari, managing director and CEO, Thermax, said the company had committed to invest around $ 100 million (Rs 700-800 crore) in the FEPL business. For ramping up the business beyond this level, they would be looking at external partnerships, Bhandari said.