Thermax Seeking Acquisitions to Expand as Business Rebounds

Ashish Bhandari, managing director and chief executive officer of India's Thermax Ltd., a provider of energy and environment solutions, discusses the outlook for its businesses amid the coronavirus pandemic. Thermax this month said net income for the second quarter rose 22 percent to 312.4 million rupees but the results missed analysts' estimates. Bhandari speaks on "BloombergMarkets: Asia." (Guest's audio quality as incoming) (Source: AccuWeather)

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By Shwetha Sunil

November 26, 2020 at 7:25 AM UTC

This article is for subscribers only.

Thermax Ltd. is seeing most of its businesses bounce back to year-ago levels and is now focused on options for growth.

The Indian maker of electricity-generation and pollution-control equipment will consider mergers and acquisitions, technological arrangements and geographic partnerships that are “small and easy to digest,” Chief Executive Officer Ashish Bhandari said in an interview with Bloomberg Television on Thursday.