Discussing the Q4 results, Ashish Bhandari, MD and CEO of Thermax, in a conversation with CNBC Awaaz, informs that the growth in revenue can be attributed to a stable economic environment and a reliable supply chain at present.

The order book has been stable despite the absence of any single large orders, unlike last year. The company however secured multiple smaller orders from various sectors, including waste to energy, biomass, and from sugar and steel industries. Looking ahead, he mentions the possibility of substantial orders from the cement and steel sectors in the upcoming quarters of Q3 and Q4.

Furthermore, he notes that Thermax will be exploring new energy applications and considering relevant investments in the forthcoming year.

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