Thermax lays foundation stone for its new plant in Sri City

Sri City, March 16, 2017:- M/s Thermax Ltd., a leading energy and environment solutions provider, performed groundbreaking on Thursday marking the beginning of construction of its production unit in Sri City. Mr.
Ashish Vaishnav, Global Head, Cooling Business performed pooja and administered the ceremony.

Commenting on the entry of Thermax in Sri City, Mr. Ravindra Sannareddy, Founder Managing Director, Sri City said,”In the context of pressing energy concerns, we feel happy to have Thermax, a leading energy and environment solutions provider, in Sri City.”

He expressed happiness as this was the second groundbreaking event during this week.

The plant will be built on a plot of 40 acres in the Domestic Tariff zone in Sri City, at an investment of Rs. 150 crores. The plant will produce chillers for large scale air conditioning units, steam generators, and boilers etc. The company will provide employment opportunity for about 200 persons. The plant is expected to be commissioned by March 2018.

Thermax, a Pune-based engineering company specialised in energy and environment systems, was established in 1967 and is one of the few companies in the world that offers integrated innovative solutions in the areas
of heating, cooling, power, water and waste management, air pollution control and chemicals. Thermax has manufacturing facilities in India, China and Europe. The sustainable solutions that Thermax develops for client companies are environment-friendly and enable efficient deployment of energy and water resources.