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Thermax Ltd.’s FY21 annual report emphasises on company’s strategic plans to shift its dependence from sunset to sunrise industries (clean energy/water) with environmental, social, and corporate governance as a center stage.
Notably, the change in leadership has instilled a new belief as company is looking to play a decisive role in bridging the gap between energy availability and sustainability.
The company is aligning its product offerings to green energy needs (mobility applications, solar film, fuel cells, waste to energy), though questions on initial capital requirement, technology risk, potential scalable opportunities and execution timeline remain unanswered.
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