Thermax jumps on investing Rs 115 crore in First Energy
The investment made in FEPL, is in connection with new projects proposed to be undertaken by FE10

Thermax is currently trading at Rs. 3365.85, up by 54.60 points or 1.65% from its previous closing of Rs. 3311.25 on the BSE.
The scrip opened at Rs. 3397.45 and has touched a high and low of Rs. 3488.95 and Rs. 3361.30 respectively. So far 12856 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5721.20 on 28-Oct-2024 and a 52 week low of Rs. 2930.05 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 3488.95 and Rs. 3260.10 respectively. The current market cap of the company is Rs. 40136.61 crore.
The promoters holding in the company stood at 61.98%, while Institutions and Non-Institutions held 27.77% and 10.25% respectively.
Thermax has invested Rs 115 crore in its wholly owned subsidiary -- First Energy (FEPL) for the purpose of further investment in First Energy 10, wholly owned subsidiary of FEPL. The investment has been done through acquisition of shares. The company has acquired 11,50,00,000 equity shares of Rs 10 each in FEPL. Further, FEPL has invested the amount in FE10 via acquisition of 11,50,00,000 equity shares of Rs 10 each in FE10. FEPL and its SPVs are engaged in Renewable Energy. The investment made in FEPL, is in connection with new projects proposed to be undertaken by FE10.
Thermax is an engineering company providing sustainable solutions in energy and environment.