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Going ahead, profitability in core businesses, adoption rate of new products, and the conversion of investments into order inflows for newer products are key monitorables
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First Energy Private Limited becomes Wholly Owned Subsidiary of Thermax Limited Posted On: 2020-12-21 07:49:35 (Time Zone: Arizona, USA) Thermax Ltd has acquired remaining 24% stake in First Energy Private Limited (FEPL) effective December 21, 2020. Accordingly, the equity shareholding of the Company in FEPL stands increased from 76% to 100%. Now, FEPL is a wholly owned subsidiary of the Company. FEPL is a subsidiary of Thermax wherein Thermax Limited was holding 76% of its paid up share capital before the date of this acquisition. FEPL is an alternative energy company based in Pune, Ind...