Thermax signs agreement with Steinmuller Babcock Environment for waste to energy boilers

On Monday, Thermax Limited announced that its wholly-owned subsidiary, Thermax Babcock & Wilcox Energy Solutions (TBWES) signed a know-how transfer and licensing agreement with Steinmuller Babcock Environment GmbH (SBE), Germany for waste to energy technology.  

Through this agreement, TBWES will design, engineer, manufacture and sell municipal solid waste (MSW) fired waste to energy solutions utilising SBE’s grate & boiler technology.   

Speaking on the development, Pravin Karve, CEO at TBWES stated that Thermax was proud to be closely associated with a global leader, having the most advanced and reliable technology. He further stated that the agreement would accelerate the company’s involvement in the waste to energy application, which is necessary for dealing with the dual challenge of urbanisation and deteriorating environment.  

Thermax Limited is leading energy & environment solutions provider and one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water & waste management, air pollution control, and chemicals.   

On Monday, the shares of Thermax Limited closed at Rs 1,346, down by 0.66 per cent or Rs 8.95 per share, against a 0.17 per cent decline in the benchmark index. The 52-week high of the company is recorded at Rs 1,464.35 while its 52-week low is Rs 644 on BSE.