Thermax bags order worth Rs 500 crore for 5 bio-CNG plants
Thermax Ltd., a leading energy and environment solutions provider, is developing greening and decarbonization solutions that bridge the gap between energy availability and sustainability, the company announced through an exchange filing on Tuesday.
The company showcased its innovative technologies and exclusive solutions at the inaugural edition of Thermax Fest held in Pune between December 12-15, 2023.
Thermax has received an order worth over Rs 500 crore from a leading energy group to set up 5 bio-CNG plants across India.
At today’s event, Thermax Group made important announcements outlining its vision and the company’s future in line with global energy transition goals.
The company, through one of its subsidiaries, has secured orders worth more than Rs. Rs 500 crore from a leading energy group to set up five bio-CNG plants across India.
These plants will be set up in the states of Rajasthan, Madhya Pradesh, Maharashtra (2) and Uttar Pradesh. With the capacity to produce 110 tonnes per day (tpd) of bio-CNG, these plants will use over 1,000 tpd of local feedstock, including rice straw, Napier grass, sugarcane waste and soya waste. The bio-CNG generated from these plants will be used by the customer for commercial and captive use. This is part of Thermax’s broader initiative to offer solutions related to biochemistry and bioenergy.
Other initiatives towards clean energy
Another initiative towards clean energy is the installation of 1 GW hybrid renewable energy solutions by FY 2027. These will be inter-state and inter-state projects, which will help industries offer a variety of solutions including round the clock clean power requirements. ,
Our latest state-of-the-art wind and solar bundled captive power project out of 290 MWp (commissioning and under construction) consisting of 100 MW wind and 90 MWp solar, located at Thoothukudi, Tamil Nadu, is being evacuated at 110 kV. In a phased manner. Captive users are major organizations in the tyre, auto comp, petrochemical and textile industries. The company currently manages an operating portfolio of 140 MWp, with an additional 145 MWp under construction, over 300 MW in development, and 400 MW in the pipeline.
Additionally, Thermax aims to develop gasification plants with carbon capture capabilities to process coal ranging from 100 to 500 TPD. Based on fluidized bed coal gasification technology, Thermax has implemented a pilot gasifier project at its factory in Pune in partnership with IIT Delhi, in collaboration with the Department of Science and Technology. This indigenously developed technology converts high ash Indian coal into value-added fuel. This is especially beneficial for tough industries like the steel sector and is in line with the Prime Minister’s vision to gasify 100 million tonnes of coal by 2030.
Shares of Thermax Limited
Thermax shares were trading 0.65 per cent lower at Rs 2,662.40 at 10:49AM IST on Tuesday.
