(20 second reading) Energy and environment solutions company Thermax opened a new manufacturing facility in Chinchwad, Pune, for water and wastewater treatment solutions.
Ashish Bhandari, MD and CEO of Thermax, said their water and wastewater business had grown 3x in the last four years and continues to grow, driven by regulations, better enforcement of those regulations, transition to sustainable technologies and shortage of water.
“The country will need 2x water by 2047 and there will be no more fresh water available. This business was growing by 20-30% annually, and the company’s aspiration is to make this a Rs 1,000 crore business in FY25,” Bhandari said.