Thermax’s arm to acquire 100% stake in OTEPL


Thermax’s wholly owned subsidiary — First Energy (FEPL) has entered into Share Purchase Agreement (SPA) on September 06, 2024 for acquisition of 100% of the equity share capital of Onix-Two Enersol (OTEPL). Accordingly, OTEPL shall become wholly owned step-down subsidiary of the Company. 

OTEPL is acquired for the proposed power projects to be undertaken by FEPL. The cost of acquisition is Rs 1 lakh (10,000 equity shares of Rs 10 each). 

Thermax is a leading energy and environment solutions provider 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.





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