Thermax

Thermax Babcock & Wilcox Energy Solutions, a Thermax subsidiary, won an order worth more than Rs 580 crore for four 400 TPH utility boilers and auxiliaries for Dangote Industries' refinery and petrochemical complex in Nigeria. The order was reported on 26 November 2025.

Thermax won a Rs 320 crore EPC order to build a captive combined heat and power plant for Assam Bio Refinery Pvt Ltd, a joint venture of Numaligarh Refinery, Fortum and Chempolis. The plant includes two 98.5 TPH high pressure boilers and a steam turbine generator.

Thermax opened a new manufacturing unit at Sri City, Andhra Pradesh, built with an investment of INR 166 crore. Phase 1 capacity is 400 machines a year, with initial staff of 60 rising to over 300.

Thermax won export contracts worth about USD 157 million to supply four utility boilers, eight heat recovery steam generators and two flue gas steam generators for a refinery and polypropylene plant in the Lekki Free Trade Zone, Nigeria. The order was announced on April 28, 2017.