Thermax, a leading provider of energy and environment solutions, shares jumped more than 9% this week after the company announced a strategic partnership with Ceres Power Limited. This partnership marks Thermax’s introduction into electrolyser manufacturing and system solutions, providing green hydrogen solutions for industrial customers.
In the exchange filing, the company also shared, “Under this partnership, Thermax will leverage its extensive experience in heat integration and waste heat recovery to manufacture a first-of-its-kind pressurised SAM and design, engineer, and develop SAM balance of module (SBM), a building block for further development of a multi-MW SOEC electrolyser module.”
Stock Performance on Friday
– Open: ₹4,689.00
– High: ₹4,892.00
– Low: ₹4,675.00
