Thermax: Strategies for a Sustainable Tomorrow

Corporate Overview

Strategies for a Sustainable Tomorrow

STRATEGIES FOR A SUSTAINABLE TOMORROW

Our business outlook and broad financial goals are embedded as our overarching strategic priorities. Our growth strategies focus on identifying new opportunities, leveraging key strengths and building new capabilities that are expected to bring significant benefit in the coming years.

Our Operating Context

Strategic Imperatives

Strategic Objective 1: Increase the Share of Green Offerings

Definition

To provide solutions that lead to clean air, clean energy and clean water

Focus Areas

Build-Own-Operate (BOO) model for utility delivery services

New renewable energy solutions

Waste to energy solutions

Water recycle and zero liquid discharge (ZLD)

Solutions for particulate and gaseous emissions

Key Performance Indicator

74.7% share of order booking from green portfolio compared to 68.1% in the previous year

Remarks

Increasing focus on decarbonisation and sustainability across sectors

Strategic Objective 2: Grow Products and Services Portfolio

Definition

Innovate and develop new products and services aligned to our brand promise and reduce the cyclicality of the projects business

Focus Areas

Industrial products (heating, cooling, water and waste solutions and air pollution control)

Chemicals portfolio

Services

Digital Solutions

Key Performance Indicator

Order book from products and services increased by 41% during the year

Remarks

Broad-based recovery across industries and continued focus on improving product and service offerings

Strategic Objective 3: Focus on Internationalisation

Definition

To increase the market share in selective geographies outside India

Focus Areas

International business

Exports

Key Performance Indicator

International orders were up 38% from (7.3%) in FY 2021-22

Remarks

The order book increased in FY 2021-22 due to the improvement in the business of international subsidiaries

Our Business Model

Risk Management

DOWNLOAD REPORTS

Management Discussion and
Analysis

Directors’ Report

Corporate Governance Report

Business Responsibility Report

Energy Conservation, Technology Absorption and Foreign Exchange Earnings and Outgo

Annual Report on CSR Activities and CSR policy

Secretarial Audit Report - Thermax Limited

Secretarial Audit Report - Thermax Babcock & Wilcox Energy Solutions Limited

Consolidated Financial Statements

Standalone Financial Statements