THERMAX | ENGINEERING SOLUTIONS FOR HEATING, COOLINGENERGYENVIRONMENTCHEMICALSSERVICESINDUSTRIESCAREERS thermax is leading energy and environment solutions company in india. providing heating, cooling, water and waste management, chemicals and also design large boilers for steam and power generation,wastewater treatment plants and air pollution control systems. THERMAX ONSITE ENERGY SOLUTIONS LIMITED THERMAX ONSITE ENERGY SOLUTIONS LIMITED. Thermax Onsite Energy Solutions Limited (TOESL), a wholly-owned subsidiary of Thermax Limited offers outsourced utilities such as steam, heat, chilled water, treated water, power and solar through the Build-Own-Operate (BOO/T) business model. SOLAR ENERGY COMPANIES Thermax is proud to have commissioned a 5.76 MWp solar plant for GAIL, meeting high safety standards of a downstream petrochemical plant. Leveraging its 50 years of leadership in the energy and environment sector, Thermax has today emerged as a forerunner in the engineering, design, procurement and installation of solar power plants. INVESTORS | FINANCIAL RESULTS SUSTAINABLE SOLUTIONS IN ENERGY AND ENVIRONMENT Thermax Group is an INR 6,123 Cr. (876 million US$) company headquartered in Pune, India. Its business portfolio includes products for WASTE HEAT RECOVERY SYSTEM Waste Heat Recovery Units (WHRU) WHRUs are engineered to recover waste heat from the exhaust of gas turbines or reciprocating engines. The heating media could be water, glycol mixture, thermal oil or water depending on the application. Over 165 installations for the upstream oil and gas segment across diverse locations such as Sakhalin Island

SPECIALTY RESINS

ION EXCHANGE RESINS. Thermax Chemicals is one of the leading manufacturers of Tulsion® brand of ion exchange resins for over 35 years. Tulsion® is a premium brand and enjoys a global reputation in the field of water treatment and process application technologies. DEMINERALISATION PRODUCT Demineralisation is the process by which total dissolved solids (TDS) present in water are removed effectively. A properly packaged unit incorporates the principles of ion exchange, degasification and polishing, to produce mineral free water. Thermax incorporates good design procedures for optimum results from demineralisation. HEAT RECOVERY STEAM GENERATOR Heat Recovery Steam Generator (HRSG) Heat Recovery Steam Generators are used to recover waste heat from the exhaust of gas turbines, boosting efficiency from a range of 35% to 40% in a simple cycle (also known as open cycle) mode to a range of 55% to 60% in a combined cycle mode. The steam generated by the HRSG can be used for process heating POLICY ON SELECTION AND APPOINTMENT OF DIRECTORS AND THEIR POLICY ON SELECTION AND APPOINTMENT OF DIRECTORS AND THEIR REMUNERATION . The Nomination & Remuneration (NRC) has prepared a “Terms of Reference” (TOR),

PHILIPPINES

Contact. Thermax Energy & Environment Philippines Corporation. Unit 4033, 40/F, PB Com Tower, 6795 Rufino Street corner Ayala Avenue, Salcedo Village, Makati, Philippines 1226. +632 8789 9144, +639 9528 46435. enquiry@thermaxglobal.com. THERMAX | ENGINEERING SOLUTIONS FOR HEATING, COOLINGENERGYENVIRONMENTCHEMICALSSERVICESINDUSTRIESCAREERS thermax is leading energy and environment solutions company in india. providing heating, cooling, water and waste management, chemicals and also design large boilers for steam and power generation,wastewater treatment plants and air pollution control systems. THERMAX ONSITE ENERGY SOLUTIONS LIMITED THERMAX ONSITE ENERGY SOLUTIONS LIMITED. Thermax Onsite Energy Solutions Limited (TOESL), a wholly-owned subsidiary of Thermax Limited offers outsourced utilities such as steam, heat, chilled water, treated water, power and solar through the Build-Own-Operate (BOO/T) business model. SOLAR ENERGY COMPANIES Thermax is proud to have commissioned a 5.76 MWp solar plant for GAIL, meeting high safety standards of a downstream petrochemical plant. Leveraging its 50 years of leadership in the energy and environment sector, Thermax has today emerged as a forerunner in the engineering, design, procurement and installation of solar power plants. INVESTORS | FINANCIAL RESULTS SUSTAINABLE SOLUTIONS IN ENERGY AND ENVIRONMENT Thermax Group is an INR 6,123 Cr. (876 million US$) company headquartered in Pune, India. Its business portfolio includes products for WASTE HEAT RECOVERY SYSTEM Waste Heat Recovery Units (WHRU) WHRUs are engineered to recover waste heat from the exhaust of gas turbines or reciprocating engines. The heating media could be water, glycol mixture, thermal oil or water depending on the application. Over 165 installations for the upstream oil and gas segment across diverse locations such as Sakhalin Island

SPECIALTY RESINS

ION EXCHANGE RESINS. Thermax Chemicals is one of the leading manufacturers of Tulsion® brand of ion exchange resins for over 35 years. Tulsion® is a premium brand and enjoys a global reputation in the field of water treatment and process application technologies. DEMINERALISATION PRODUCT Demineralisation is the process by which total dissolved solids (TDS) present in water are removed effectively. A properly packaged unit incorporates the principles of ion exchange, degasification and polishing, to produce mineral free water. Thermax incorporates good design procedures for optimum results from demineralisation. HEAT RECOVERY STEAM GENERATOR Heat Recovery Steam Generator (HRSG) Heat Recovery Steam Generators are used to recover waste heat from the exhaust of gas turbines, boosting efficiency from a range of 35% to 40% in a simple cycle (also known as open cycle) mode to a range of 55% to 60% in a combined cycle mode. The steam generated by the HRSG can be used for process heating POLICY ON SELECTION AND APPOINTMENT OF DIRECTORS AND THEIR POLICY ON SELECTION AND APPOINTMENT OF DIRECTORS AND THEIR REMUNERATION . The Nomination & Remuneration (NRC) has prepared a “Terms of Reference” (TOR),

PHILIPPINES

Contact. Thermax Energy & Environment Philippines Corporation. Unit 4033, 40/F, PB Com Tower, 6795 Rufino Street corner Ayala Avenue, Salcedo Village, Makati, Philippines 1226. +632 8789 9144, +639 9528 46435. enquiry@thermaxglobal.com. SOLAR ENERGY COMPANIES Thermax is proud to have commissioned a 5.76 MWp solar plant for GAIL, meeting high safety standards of a downstream petrochemical plant. Leveraging its 50 years of leadership in the energy and environment sector, Thermax has today emerged as a forerunner in the engineering, design, procurement and installation of solar power plants. WASTE GAS FIRED BOILERS Product Features. Both fire-tube and water-tube type boilers offered. Natural circulation design. Special refractory lined combustor for burning lean gas. Adequately sized combustor for proper residence time to ensure complete burning of gas. Membrane wall water tube construction to minimise refractory and increase radiant heat

transfer.

SHELLMAX - THERMAX GLOBAL Shellmax is a packaged, three-pass smoke tube, with fully wet back boiler, when fitted with a special burner, these boilers are ideal for burning waste gases like biogas from decomposition of organic matter in distilleries, corex gas from the steel manufacturing process and

liquid fuels.

DEMINERALISATION PRODUCT Demineralisation is the process by which total dissolved solids (TDS) present in water are removed effectively. A properly packaged unit incorporates the principles of ion exchange, degasification and polishing, to produce mineral free water. Thermax incorporates good design procedures for optimum results from demineralisation.

ION EXCHANGE RESINS

ION EXCHANGE RESINS. Thermax Chemicals is one of the leading manufacturers of Tulsion® brand of ion exchange resins for over 35 years. Tulsion® is a premium brand and enjoys a global reputation in the field of water treatment and process application technologies. TECHNIQUES OF AIR POLLUTION CONTROL Latest techniques of air pollution control are: Combustion – This method is applied when the pollutants are organic gases or vapours. The organic air pollutants are exposed to ‘flame or catalytic combustion’ when they are converted to less harmful product carbon dioxide and product water. Absorption – In this technique, the

polluted air

USA - THERMAX GLOBAL The company has a presence in the region since the late 80s when a representative office was started in the US. Over the years, Thermax grew its market share in the region and eventually established a wholly-owned subsidiary by the year 2000. VALVES | BELLOW SEAL ISOLATION VALVES TBSV - Bellow Seal Isolation Valves. TBSV – Thermax Bellow seal valves are isolation valves that have metallic bellows welded to valve stem and bonnet which forms an impermeable seal that ensures zero leakage. They are especially recommended for steam, water, gas, condensate and thermic fluid systems. FINAL THERMOPAC-TP -TPD Title: Final Thermopac-TP -TPD - TPDI-6 page.cdr Author: MAULI Created Date: 3/12/2020 10:33:18 AM INDONESIA - THERMAX GLOBAL Overview. Thermax started its association with Indonesia almost 50 years ago in 1971 with the installation of a couple of oil-fired thermal heaters in the country. As the demand for its products grew, Thermax soon felt the need to set up a representative office in Jakarta, the country’s capital. This milestone was achieved in 1992. THERMAX | ENGINEERING SOLUTIONS FOR HEATING, COOLINGENERGYENVIRONMENTCHEMICALSSERVICESINDUSTRIESCAREERS thermax is leading energy and environment solutions company in india. providing heating, cooling, water and waste management, chemicals and also design large boilers for steam and power generation,wastewater treatment plants and air pollution control systems. THERMAX ONSITE ENERGY SOLUTIONS LIMITED THERMAX ONSITE ENERGY SOLUTIONS LIMITED. Thermax Onsite Energy Solutions Limited (TOESL), a wholly-owned subsidiary of Thermax Limited offers outsourced utilities such as steam, heat, chilled water, treated water, power and solar through the Build-Own-Operate (BOO/T) business model. LEADERSHIP - THERMAX GLOBAL MANAGING DIRECTOR & CEO. Ashish Bhandari is the Managing Director & CEO of Thermax Group since 1 st September, 2020. Before joining Thermax, Mr. Bhandari was the Vice President – India and South Asia region at Baker Hughes (formerly a GE company). He joined GE in 2005 in Houston, USA and relocated to Gurgaon in 2011.

ANNUAL REPORTS

ANNUAL REPORTS. Annual Report 2019 - 20. Annual Report 2018 - 19. Annual Report 2017 - 18. Annual Report 2016 - 17. Annual Report 2015 - 16. Annual Report 2014 - 15. Annual Report 2013 - WASTE HEAT RECOVERY SYSTEM Waste Heat Recovery Units (WHRU) WHRUs are engineered to recover waste heat from the exhaust of gas turbines or reciprocating engines. The heating media could be water, glycol mixture, thermal oil or water depending on the application. Over 165 installations for the upstream oil and gas segment across diverse locations such as Sakhalin Island THERMOPAC | OIL FLUID HEATERS The Thermopac series of thermic fluid/thermal oil heaters is designed for maximum efficiency, using a variety of liquid and gaseous fuels. It is designed with fuel flexibility in mind and can fire a range of heavy oils, light oils and gases.

ION EXCHANGE RESINS

Ion Exchange Resins Thermax Thermax ChemicalsChemical Division Quality is Our Commitment Commitment We at Thermax Limited, Chemical Division hereby commit to develop,

THERMAX LIMITED

Thermax is a USD 876 million engineering major providing sustainable solutions in the areas of energy and environment. Spanning over 86 countries, industrial and commercial clients make use of Thermax’s expertise for energy-efficient and eco-friendly operations: heating and cooling equipment; turnkey power plants; waste heat recovery units HEAT RECOVERY STEAM GENERATOR Heat Recovery Steam Generator (HRSG) Heat Recovery Steam Generators are used to recover waste heat from the exhaust of gas turbines, boosting efficiency from a range of 35% to 40% in a simple cycle (also known as open cycle) mode to a range of 55% to 60% in a combined cycle mode. The steam generated by the HRSG can be used for process heating INDONESIA - THERMAX GLOBAL Overview. Thermax started its association with Indonesia almost 50 years ago in 1971 with the installation of a couple of oil-fired thermal heaters in the country. As the demand for its products grew, Thermax soon felt the need to set up a representative office in Jakarta, the country’s capital. This milestone was achieved in 1992. THERMAX | ENGINEERING SOLUTIONS FOR HEATING, COOLINGENERGYENVIRONMENTCHEMICALSSERVICESINDUSTRIESCAREERS thermax is leading energy and environment solutions company in india. providing heating, cooling, water and waste management, chemicals and also design large boilers for steam and power generation,wastewater treatment plants and air pollution control systems. THERMAX ONSITE ENERGY SOLUTIONS LIMITED THERMAX ONSITE ENERGY SOLUTIONS LIMITED. Thermax Onsite Energy Solutions Limited (TOESL), a wholly-owned subsidiary of Thermax Limited offers outsourced utilities such as steam, heat, chilled water, treated water, power and solar through the Build-Own-Operate (BOO/T) business model. LEADERSHIP - THERMAX GLOBAL MANAGING DIRECTOR & CEO. Ashish Bhandari is the Managing Director & CEO of Thermax Group since 1 st September, 2020. Before joining Thermax, Mr. Bhandari was the Vice President – India and South Asia region at Baker Hughes (formerly a GE company). He joined GE in 2005 in Houston, USA and relocated to Gurgaon in 2011.

ANNUAL REPORTS

ANNUAL REPORTS. Annual Report 2019 - 20. Annual Report 2018 - 19. Annual Report 2017 - 18. Annual Report 2016 - 17. Annual Report 2015 - 16. Annual Report 2014 - 15. Annual Report 2013 - WASTE HEAT RECOVERY SYSTEM Waste Heat Recovery Units (WHRU) WHRUs are engineered to recover waste heat from the exhaust of gas turbines or reciprocating engines. The heating media could be water, glycol mixture, thermal oil or water depending on the application. Over 165 installations for the upstream oil and gas segment across diverse locations such as Sakhalin Island THERMOPAC | OIL FLUID HEATERS The Thermopac series of thermic fluid/thermal oil heaters is designed for maximum efficiency, using a variety of liquid and gaseous fuels. It is designed with fuel flexibility in mind and can fire a range of heavy oils, light oils and gases.

ION EXCHANGE RESINS

Ion Exchange Resins Thermax Thermax ChemicalsChemical Division Quality is Our Commitment Commitment We at Thermax Limited, Chemical Division hereby commit to develop,

THERMAX LIMITED

Thermax is a USD 876 million engineering major providing sustainable solutions in the areas of energy and environment. Spanning over 86 countries, industrial and commercial clients make use of Thermax’s expertise for energy-efficient and eco-friendly operations: heating and cooling equipment; turnkey power plants; waste heat recovery units HEAT RECOVERY STEAM GENERATOR Heat Recovery Steam Generator (HRSG) Heat Recovery Steam Generators are used to recover waste heat from the exhaust of gas turbines, boosting efficiency from a range of 35% to 40% in a simple cycle (also known as open cycle) mode to a range of 55% to 60% in a combined cycle mode. The steam generated by the HRSG can be used for process heating INDONESIA - THERMAX GLOBAL Overview. Thermax started its association with Indonesia almost 50 years ago in 1971 with the installation of a couple of oil-fired thermal heaters in the country. As the demand for its products grew, Thermax soon felt the need to set up a representative office in Jakarta, the country’s capital. This milestone was achieved in 1992. ABOUT US | OVERVIEW | THERMAX Sustainable Solutions in Energy and Environment. Thermax Group is an INR 5,831 Cr. (822 Million US$) company headquartered in Pune, India. Its business portfolio includes products for heating, cooling, water and waste management, and specialty chemicals. The company also designs, builds and commissions large boilers for steam and power

ANNUAL REPORTS

ANNUAL REPORTS. Annual Report 2019 - 20. Annual Report 2018 - 19. Annual Report 2017 - 18. Annual Report 2016 - 17. Annual Report 2015 - 16. Annual Report 2014 - 15. Annual Report 2013 - CAREER - THERMAX GLOBAL SUSTAINABLE SOLUTIONS IN ENERGY AND ENVIRONMENT Thermax Group is an INR 6,123 Cr. (876 million US$) company headquartered in Pune, India. Its business portfolio includes products for TECHNIQUES OF AIR POLLUTION CONTROL Latest techniques of air pollution control are: Combustion – This method is applied when the pollutants are organic gases or vapours. The organic air pollutants are exposed to ‘flame or catalytic combustion’ when they are converted to less harmful product carbon dioxide and product water. Absorption – In this technique, the

polluted air

EXHAUST FIRED CHILLER (2D SERIES) EXHAUST FIRED CHILLER (2D SERIES) Thermax exhaust fired absorption machines directly utilise waste heat from the Gas/diesel engine or turbine exhaust gases, micro turbine or fuel cell which helps in making air-conditioning almost free of cost. It also reduces the initial capital cost of the system, by downsizing the engine size; as

additional

HEAT RECOVERY STEAM GENERATOR Heat Recovery Steam Generator (HRSG) Heat Recovery Steam Generators are used to recover waste heat from the exhaust of gas turbines, boosting efficiency from a range of 35% to 40% in a simple cycle (also known as open cycle) mode to a range of 55% to 60% in a combined cycle

mode.

USA - THERMAX GLOBAL The company has a presence in the region since the late 80s when a representative office was started in the US. Over the years, Thermax grew its market share in the region and eventually established a wholly-owned subsidiary by the year 2000. CLOSED LOOP COOLING TOWER Conserving resources. Preserving the future. Thermax provides systems and solutions in the critical domains of energy and environment. The products and services developed by Thermax help industries achieve better resource productivity TULSION® MTBE CATALYST AT BPCL Tulsion® MTBE Catalyst at BPCL Bharat Petroleum Corporation is one of the largest refineries in India having operation at two locations

Kochi and Mumbai.

POLICY ON SELECTION AND APPOINTMENT OF DIRECTORS … POLICY ON SELECTION AND APPOINTMENT OF DIRECTORS AND THEIR REMUNERATION . The Nomination & Remuneration (NRC) has prepared a “Terms of Reference” (TOR), THERMAX | ENGINEERING SOLUTIONS FOR HEATING, COOLINGENERGYENVIRONMENTCHEMICALSSERVICESINDUSTRIESCAREERS thermax is leading energy and environment solutions company in india. providing heating, cooling, water and waste management, chemicals and also design large boilers for steam and power generation,wastewater treatment plants and air pollution control systems. ABOUT US | OVERVIEW | THERMAX Sustainable Solutions in Energy and Environment. Thermax Group is an INR 5,831 Cr. (822 Million US$) company headquartered in Pune, India. Its business portfolio includes products for heating, cooling, water and waste management, and specialty chemicals. The company also designs, builds and commissions large boilers for steam and power SOLAR ENERGY COMPANIES Thermax is proud to have commissioned a 5.76 MWp solar plant for GAIL, meeting high safety standards of a downstream petrochemical plant. Leveraging its 50 years of leadership in the energy and environment sector, Thermax has today emerged as a forerunner in the engineering, design, procurement and installation of solar power plants. CAREER - THERMAX GLOBAL SUSTAINABLE SOLUTIONS IN ENERGY AND ENVIRONMENT Thermax Group is an INR 6,123 Cr. (876 million US$) company headquartered in Pune, India. Its business portfolio includes products for INVESTORS | FINANCIAL RESULTS SUSTAINABLE SOLUTIONS IN ENERGY AND ENVIRONMENT Thermax Group is an INR 6,123 Cr. (876 million US$) company headquartered in Pune, India. Its business portfolio includes products for DEMINERALISATION PRODUCT Demineralisation is the process by which total dissolved solids (TDS) present in water are removed effectively. A properly packaged unit incorporates the principles of ion exchange, degasification and polishing, to produce mineral free water. Thermax incorporates good design procedures for optimum results from demineralisation. VALVES | BELLOW SEAL ISOLATION VALVES | THERMAX TBSV - Bellow Seal Isolation Valves. TBSV – Thermax Bellow seal valves are isolation valves that have metallic bellows welded to valve stem and bonnet which forms an impermeable seal that ensures zero leakage. They are especially recommended for steam, water, gas, condensate and thermic fluid systems. FINAL THERMOPAC-TP -TPD Title: Final Thermopac-TP -TPD - TPDI-6 page.cdr Author: MAULI Created Date: 3/12/2020 10:33:18 AM POLICY ON SELECTION AND APPOINTMENT OF DIRECTORS AND … POLICY ON SELECTION AND APPOINTMENT OF DIRECTORS AND THEIR REMUNERATION . The Nomination & Remuneration (NRC) has prepared a “Terms of Reference” (TOR), THERMAX VENDOR CONNECT Thermax Vendor Connect. LDAP Username. Password. Note: login id and password same as windows login id and password which is used for logging in pcs, laptops, thin clients. Eg. If windows login user ID is THERMAXDOMAIN\kartavya.shukla then type kartavya.shukla as Username or if windows login id THERMAXDOMAIN\cgn_prop_dc then type cgn_prop_dc as THERMAX | ENGINEERING SOLUTIONS FOR HEATING, COOLINGENERGYENVIRONMENTCHEMICALSSERVICESINDUSTRIESCAREERS thermax is leading energy and environment solutions company in india. providing heating, cooling, water and waste management, chemicals and also design large boilers for steam and power generation,wastewater treatment plants and air pollution control systems. ABOUT US | OVERVIEW | THERMAX Sustainable Solutions in Energy and Environment. Thermax Group is an INR 5,831 Cr. (822 Million US$) company headquartered in Pune, India. Its business portfolio includes products for heating, cooling, water and waste management, and specialty chemicals. The company also designs, builds and commissions large boilers for steam and power SOLAR ENERGY COMPANIES Thermax is proud to have commissioned a 5.76 MWp solar plant for GAIL, meeting high safety standards of a downstream petrochemical plant. Leveraging its 50 years of leadership in the energy and environment sector, Thermax has today emerged as a forerunner in the engineering, design, procurement and installation of solar power plants. CAREER - THERMAX GLOBAL SUSTAINABLE SOLUTIONS IN ENERGY AND ENVIRONMENT Thermax Group is an INR 6,123 Cr. (876 million US$) company headquartered in Pune, India. Its business portfolio includes products for INVESTORS | FINANCIAL RESULTS SUSTAINABLE SOLUTIONS IN ENERGY AND ENVIRONMENT Thermax Group is an INR 6,123 Cr. (876 million US$) company headquartered in Pune, India. Its business portfolio includes products for DEMINERALISATION PRODUCT Demineralisation is the process by which total dissolved solids (TDS) present in water are removed effectively. A properly packaged unit incorporates the principles of ion exchange, degasification and polishing, to produce mineral free water. Thermax incorporates good design procedures for optimum results from demineralisation. VALVES | BELLOW SEAL ISOLATION VALVES | THERMAX TBSV - Bellow Seal Isolation Valves. TBSV – Thermax Bellow seal valves are isolation valves that have metallic bellows welded to valve stem and bonnet which forms an impermeable seal that ensures zero leakage. They are especially recommended for steam, water, gas, condensate and thermic fluid systems. FINAL THERMOPAC-TP -TPD Title: Final Thermopac-TP -TPD - TPDI-6 page.cdr Author: MAULI Created Date: 3/12/2020 10:33:18 AM POLICY ON SELECTION AND APPOINTMENT OF DIRECTORS AND … POLICY ON SELECTION AND APPOINTMENT OF DIRECTORS AND THEIR REMUNERATION . The Nomination & Remuneration (NRC) has prepared a “Terms of Reference” (TOR), THERMAX VENDOR CONNECT Thermax Vendor Connect. LDAP Username. Password. Note: login id and password same as windows login id and password which is used for logging in pcs, laptops, thin clients. Eg. If windows login user ID is THERMAXDOMAIN\kartavya.shukla then type kartavya.shukla as Username or if windows login id THERMAXDOMAIN\cgn_prop_dc then type cgn_prop_dc as ABOUT US | OVERVIEW | THERMAX Sustainable Solutions in Energy and Environment. Thermax Group is an INR 5,831 Cr. (822 Million US$) company headquartered in Pune, India. Its business portfolio includes products for heating, cooling, water and waste management, and specialty chemicals. The company also designs, builds and commissions large boilers for steam and power SOLAR ENERGY COMPANIES Thermax is proud to have commissioned a 5.76 MWp solar plant for GAIL, meeting high safety standards of a downstream petrochemical plant. Leveraging its 50 years of leadership in the energy and environment sector, Thermax has today emerged as a forerunner in the engineering, design, procurement and installation of solar power plants. LEADERSHIP - THERMAX GLOBAL MANAGING DIRECTOR & CEO. Ashish Bhandari is the Managing Director & CEO of Thermax Group since 1 st September, 2020. Before joining Thermax, Mr. Bhandari was the Vice President – India and South Asia region at Baker Hughes (formerly a GE company). He joined GE in 2005 in Houston, USA and relocated to Gurgaon in 2011. THERMAX ONSITE ENERGY SOLUTIONS LIMITED THERMAX ONSITE ENERGY SOLUTIONS LIMITED. Thermax Onsite Energy Solutions Limited (TOESL), a wholly-owned subsidiary of Thermax Limited offers outsourced utilities such as steam, heat, chilled water, treated water, power and solar through the Build-Own-Operate (BOO/T) business model. “THERMAX LIMITED Q4 FY2021 EARNINGS CONFERENCE CALL” MAY page 1 of 22 “thermax limited q4 fy2021 earnings conference call” may 26, 2021 analyst: mr.bhoomika nair- dam capital advisors limited management: mr.ashish bhandari - managing director and chief executive officer – thermax limited mr.rajendran arunachalam – group chief financial officer - thermax limited mr.bhavesh chheda - thermax

limited mr.

DEMINERALISATION PRODUCT Demineralisation is the process by which total dissolved solids (TDS) present in water are removed effectively. A properly packaged unit incorporates the principles of ion exchange, degasification and polishing, to produce mineral free water. Thermax incorporates good design procedures for optimum results from demineralisation.

SPECIALTY PRODUCTS

SUSTAINABLE SOLUTIONS IN ENERGY AND ENVIRONMENT Thermax Group is an INR 6,123 Cr. (876 million US$) company headquartered in Pune, India. Its business portfolio includes products for SPECIALTY CHEMICALS FOR WATER AND FUEL MANAGEMENT Thermax is committed to develop, manufacture, deliver and apply quality Fuel and Water treatment chemicals to meet customer expectations. Thermax Chemical Division complies with the FIRED HEATER IN CHEMICAL & PETROCHEMICAL SEGMENT SUSTAINABLE SOLUTIONS IN ENERGY AND ENVIRONMENT Thermax Group is an INR 6,123 Cr. (876 million US$) company headquartered in Pune, India. Its business portfolio includes products for SAUDI - THERMAX GLOBAL Thermax chillers installed at a food & beverages major in Saudi Arabia. The deployment of Thermax chillers in the potato frying process for a food & beverages major is one of the pathbreaking applications developed by the Absorption Cooling team.After tasting success at its pilot manufacturing facility in India, the customer has partnered with Thermax to replicate this technology at several of THERMAX | ENGINEERING SOLUTIONS FOR HEATING, COOLINGENERGYENVIRONMENTCHEMICALSSERVICESINDUSTRIESCAREERS thermax is leading energy and environment solutions company in india. providing heating, cooling, water and waste management, chemicals and also design large boilers for steam and power generation,wastewater treatment plants and air pollution control systems. ABOUT US | OVERVIEW | THERMAX Sustainable Solutions in Energy and Environment. Thermax Group is an INR 5,831 Cr. (822 Million US$) company headquartered in Pune, India. Its business portfolio includes products for heating, cooling, water and waste management, and specialty chemicals. The company also designs, builds and commissions large boilers for steam and power SOLAR ENERGY COMPANIES Thermax is proud to have commissioned a 5.76 MWp solar plant for GAIL, meeting high safety standards of a downstream petrochemical plant. Leveraging its 50 years of leadership in the energy and environment sector, Thermax has today emerged as a forerunner in the engineering, design, procurement and installation of solar power plants. CAREER - THERMAX GLOBAL SUSTAINABLE SOLUTIONS IN ENERGY AND ENVIRONMENT Thermax Group is an INR 6,123 Cr. (876 million US$) company headquartered in Pune, India. Its business portfolio includes products for INVESTORS | FINANCIAL RESULTS SUSTAINABLE SOLUTIONS IN ENERGY AND ENVIRONMENT Thermax Group is an INR 6,123 Cr. (876 million US$) company headquartered in Pune, India. Its business portfolio includes products for DEMINERALISATION PRODUCT Demineralisation is the process by which total dissolved solids (TDS) present in water are removed effectively. A properly packaged unit incorporates the principles of ion exchange, degasification and polishing, to produce mineral free water. Thermax incorporates good design procedures for optimum results from demineralisation. VALVES | BELLOW SEAL ISOLATION VALVES | THERMAX TBSV - Bellow Seal Isolation Valves. TBSV – Thermax Bellow seal valves are isolation valves that have metallic bellows welded to valve stem and bonnet which forms an impermeable seal that ensures zero leakage. They are especially recommended for steam, water, gas, condensate and thermic fluid systems. FINAL THERMOPAC-TP -TPD Title: Final Thermopac-TP -TPD - TPDI-6 page.cdr Author: MAULI Created Date: 3/12/2020 10:33:18 AM POLICY ON SELECTION AND APPOINTMENT OF DIRECTORS AND … POLICY ON SELECTION AND APPOINTMENT OF DIRECTORS AND THEIR REMUNERATION . The Nomination & Remuneration (NRC) has prepared a “Terms of Reference” (TOR), THERMAX VENDOR CONNECT Thermax Vendor Connect. LDAP Username. Password. Note: login id and password same as windows login id and password which is used for logging in pcs, laptops, thin clients. Eg. If windows login user ID is THERMAXDOMAIN\kartavya.shukla then type kartavya.shukla as Username or if windows login id THERMAXDOMAIN\cgn_prop_dc then type cgn_prop_dc as THERMAX | ENGINEERING SOLUTIONS FOR HEATING, COOLINGENERGYENVIRONMENTCHEMICALSSERVICESINDUSTRIESCAREERS thermax is leading energy and environment solutions company in india. providing heating, cooling, water and waste management, chemicals and also design large boilers for steam and power generation,wastewater treatment plants and air pollution control systems. ABOUT US | OVERVIEW | THERMAX Sustainable Solutions in Energy and Environment. Thermax Group is an INR 5,831 Cr. (822 Million US$) company headquartered in Pune, India. Its business portfolio includes products for heating, cooling, water and waste management, and specialty chemicals. The company also designs, builds and commissions large boilers for steam and power SOLAR ENERGY COMPANIES Thermax is proud to have commissioned a 5.76 MWp solar plant for GAIL, meeting high safety standards of a downstream petrochemical plant. Leveraging its 50 years of leadership in the energy and environment sector, Thermax has today emerged as a forerunner in the engineering, design, procurement and installation of solar power plants. CAREER - THERMAX GLOBAL SUSTAINABLE SOLUTIONS IN ENERGY AND ENVIRONMENT Thermax Group is an INR 6,123 Cr. (876 million US$) company headquartered in Pune, India. Its business portfolio includes products for INVESTORS | FINANCIAL RESULTS SUSTAINABLE SOLUTIONS IN ENERGY AND ENVIRONMENT Thermax Group is an INR 6,123 Cr. (876 million US$) company headquartered in Pune, India. Its business portfolio includes products for DEMINERALISATION PRODUCT Demineralisation is the process by which total dissolved solids (TDS) present in water are removed effectively. A properly packaged unit incorporates the principles of ion exchange, degasification and polishing, to produce mineral free water. Thermax incorporates good design procedures for optimum results from demineralisation. VALVES | BELLOW SEAL ISOLATION VALVES | THERMAX TBSV - Bellow Seal Isolation Valves. TBSV – Thermax Bellow seal valves are isolation valves that have metallic bellows welded to valve stem and bonnet which forms an impermeable seal that ensures zero leakage. They are especially recommended for steam, water, gas, condensate and thermic fluid systems. FINAL THERMOPAC-TP -TPD Title: Final Thermopac-TP -TPD - TPDI-6 page.cdr Author: MAULI Created Date: 3/12/2020 10:33:18 AM POLICY ON SELECTION AND APPOINTMENT OF DIRECTORS AND … POLICY ON SELECTION AND APPOINTMENT OF DIRECTORS AND THEIR REMUNERATION . The Nomination & Remuneration (NRC) has prepared a “Terms of Reference” (TOR), THERMAX VENDOR CONNECT Thermax Vendor Connect. LDAP Username. Password. Note: login id and password same as windows login id and password which is used for logging in pcs, laptops, thin clients. Eg. If windows login user ID is THERMAXDOMAIN\kartavya.shukla then type kartavya.shukla as Username or if windows login id THERMAXDOMAIN\cgn_prop_dc then type cgn_prop_dc as ABOUT US | OVERVIEW | THERMAX Sustainable Solutions in Energy and Environment. Thermax Group is an INR 5,831 Cr. (822 Million US$) company headquartered in Pune, India. Its business portfolio includes products for heating, cooling, water and waste management, and specialty chemicals. The company also designs, builds and commissions large boilers for steam and power SOLAR ENERGY COMPANIES Thermax is proud to have commissioned a 5.76 MWp solar plant for GAIL, meeting high safety standards of a downstream petrochemical plant. Leveraging its 50 years of leadership in the energy and environment sector, Thermax has today emerged as a forerunner in the engineering, design, procurement and installation of solar power plants. LEADERSHIP - THERMAX GLOBAL MANAGING DIRECTOR & CEO. Ashish Bhandari is the Managing Director & CEO of Thermax Group since 1 st September, 2020. Before joining Thermax, Mr. Bhandari was the Vice President – India and South Asia region at Baker Hughes (formerly a GE company). He joined GE in 2005 in Houston, USA and relocated to Gurgaon in 2011. THERMAX ONSITE ENERGY SOLUTIONS LIMITED THERMAX ONSITE ENERGY SOLUTIONS LIMITED. Thermax Onsite Energy Solutions Limited (TOESL), a wholly-owned subsidiary of Thermax Limited offers outsourced utilities such as steam, heat, chilled water, treated water, power and solar through the Build-Own-Operate (BOO/T) business model. “THERMAX LIMITED Q4 FY2021 EARNINGS CONFERENCE CALL” MAY page 1 of 22 “thermax limited q4 fy2021 earnings conference call” may 26, 2021 analyst: mr.bhoomika nair- dam capital advisors limited management: mr.ashish bhandari - managing director and chief executive officer – thermax limited mr.rajendran arunachalam – group chief financial officer - thermax limited mr.bhavesh chheda - thermax

limited mr.

DEMINERALISATION PRODUCT Demineralisation is the process by which total dissolved solids (TDS) present in water are removed effectively. A properly packaged unit incorporates the principles of ion exchange, degasification and polishing, to produce mineral free water. Thermax incorporates good design procedures for optimum results from demineralisation.

SPECIALTY PRODUCTS

SUSTAINABLE SOLUTIONS IN ENERGY AND ENVIRONMENT Thermax Group is an INR 6,123 Cr. (876 million US$) company headquartered in Pune, India. Its business portfolio includes products for SPECIALTY CHEMICALS FOR WATER AND FUEL MANAGEMENT Thermax is committed to develop, manufacture, deliver and apply quality Fuel and Water treatment chemicals to meet customer expectations. Thermax Chemical Division complies with the FIRED HEATER IN CHEMICAL & PETROCHEMICAL SEGMENT SUSTAINABLE SOLUTIONS IN ENERGY AND ENVIRONMENT Thermax Group is an INR 6,123 Cr. (876 million US$) company headquartered in Pune, India. Its business portfolio includes products for SAUDI - THERMAX GLOBAL Thermax chillers installed at a food & beverages major in Saudi Arabia. The deployment of Thermax chillers in the potato frying process for a food & beverages major is one of the pathbreaking applications developed by the Absorption Cooling team.After tasting success at its pilot manufacturing facility in India, the customer has partnered with Thermax to replicate this technology at several of

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Recycle ?> ?> ?> ?> ?> CONSERVING RESOURCES. PRESERVING THE FUTURE. SUSTAINABLE SOLUTIONS IN ENERGY & ENVIRONMENT Thermax is one-stop utility partner to both industrial and commercial segments, helping customers achieve better resource productivity and bottom lines while maintaining a better environment.

*

BOILER & HEATER

THERMAX BABCOCK & WILCOX ENERGY SOLUTIONS (TBWES) Thermax offers large boilers and fired heaters for steam generation and solutions for process and power needs.

*

PROCESS HEATING

Process Heating

This business comprises packaged boilers, thermal oil heaters, heat recovery boilers and hot water generators.

*

POWER EPC

Power EPC

The business offers captive power plants, cogeneration systems, waste heat recovery power plants and independent power plants in the utility space on an EPC basis.

*

SOLAR POWER

Power Solar

Thermax is a one of the leading solar companies, specialised in setting up both rooftop and ground mounted solar photovoltaic

installations.

*

AIR POLLUTION CONTROL Air Pollution Control We provide air pollution control systems for both particulate and gaseous emissions to a wide range of industries.

*

WATER & WASTE SOLUTIONS Water and Waste Solutions The Water and Waste Solutions support industrial and commercial establishments to treat water for their process requirements and clean sewage and effluent.

*

CHEMICALS

Chemicals

Thermax's Chemical business manufactures and markets ion exchange resins and a wide range of specialty chemicals to help improve processes and product performance for a spectrum of industries.

*

PROCESS COOLING

Thermax Cooling Solutions Recognising the rising demand for energy efficient and environment-friendly solutions, Thermax has entered the process cooling market with a host of offerings.

*

ABSORPTION COOLING

Absorption Cooling and Heating The Absorption Cooling and Heating business provides industrial as well as commercial cooling by making use of energy – efficient vapour absorption chillers.

*

TOESL

Outsourced Utility Delivery Services Thermax Onsite Energy Solutions Ltd. (TOESL), a wholly-owned subsidiary of Thermax limited offers sustainable solutions by supplying utilities through outsourcing route. Customers are relieved from the burden of owning and running the utilities thus enabling them to focus on their core manufacturing processes. Green Technologies From Thermax

ECO-FRIENDLY POWER

WATER RECYCLING

WASTE HEAT ENERGY

COOLING FROM WASTE HEAT

EMISSION CONTROL

SOLAR

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Thermax signs technology agreement with Steinmüller Babcock Environment for Waste to Energy boilers

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Fireside Vol.51, Issue 1 released

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Thermax Group net profit up by 174% in Q4

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Thermax signs agreement with Power Roll to develop the market for

solar film in India

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Thermax signs technology agreement with Steinmüller Babcock Environment for Waste to Energy boilers

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Fireside Vol.51, Issue 1 released

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Thermax Group net profit up by 174% in Q4

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Thermax signs agreement with Power Roll to develop the market for

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INSTALLATIONS IN

88 countries

Global Presence

The company's operations are supported by extensive R&D, tie-ups with global technology majors, international sales & service network spread over 29 countries and 14 state-of-the-art manufacturing facilities across India, Indonesia, Denmark, and Poland

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CUSTOMER SPEAK

HRSGs are reliable in meeting steam requirement, and we are satisfied with the overall performance of these HRSGs. Thermopac ensured optimum utilization of resources by integrating latest technology to provide the best quality and appropriately priced snacks to everyone, everywhere - Mr. Arvind Budhani Each HRSG has been in successful operation since its commissioning and logged more than 50,000 hours of smooth and trouble-free operation. Overall the HRSGs supplied by Thermax at Reliance Jamnagar (JERP) site have performed exceptionally well with a reliability of over 99% to

date.

HRSGs are reliable in meeting steam requirement, and we are satisfied with the overall performance of these HRSGs. Thermopac ensured optimum utilization of resources by integrating latest technology to provide the best quality and appropriately priced snacks to everyone, everywhere - Mr. Arvind Budhani Each HRSG has been in successful operation since its commissioning and logged more than 50,000 hours of smooth and trouble-free operation. Overall the HRSGs supplied by Thermax at Reliance Jamnagar (JERP) site have performed exceptionally well with a reliability of over 99% to

date.

HRSGs are reliable in meeting steam requirement, and we are satisfied with the overall performance of these HRSGs.

‹›

Corporate Social Responsibility

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Thermax Hyderabad team returned home, feeling deeply satisfied and

inspired!

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Starting Thermax journey on a social note

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Running Miles, Bringing Smiles

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Taking charge of traffic control

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Thermax Hyderabad team returned home, feeling deeply satisfied and

inspired!

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Starting Thermax journey on a social note

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Running Miles, Bringing Smiles

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Taking charge of traffic control

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Thermax Hyderabad team returned home, feeling deeply satisfied and

inspired!

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__ Thermax's CSR philosophy resonates with the conviction that ‘business cannot succeed in a society that fails’. The company believes that one of the key enablers to holistic, sustained and inclusive growth of the society is education. __

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9d

Bajar Earnings Season| CNBC Bajar| May 26, 2021

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11d

#Thermax Onsite (TOESL) participated in the maiden roundtable of the Sustainable Circular Economy Series organised by BiofuelCircle in collaboration with Pro MFG Media. The closed-door event brought together ‘Champions of Sustainability’ from major industries to share their valued knowledge and deliberate on shaping businesses with a key focus on circular economy and building the bioenergy momentum. Speaking about initiatives at TOESL, Khushboo Bhatia, CEO TOESL, shared, “At Thermax, we believe that sustainable business practices shall lead to a better world, and profit & growth cannot be the sole purpose. Working towards preserving the environment and developing communities are now an essential part of it. Our focus at #TOESL is on offering renewable based sustainable utilities on Build-Own-Operate basis. We work both upstream and downstream in the steam and heat space, from sourcing the right quality fuel and suitable combustion technology to handling ash. In addition, we provide green power through solar and water treatment solutions like Zero Liquid Discharge. These solutions enable us to contribute towards propelling a circular economy.” #utilities #renewable #sustainability #environment #Talk2TOESL #biofuels #biomass #greenenergy #circulareconomy #bioenergy

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14dPreviousNext

The seafood industry largely depends on the efficiency of refrigeration system for effective storage and processing of the catch. #Thermax’s evaporative condensers (EVC), integrated with refrigeration systems, deliver uninterrupted productivity, thus ensuring maximum shelf life of the processed fish. Some of the other benefits of Thermax’s EVC include energy optimisation, compact footprint and water savings, making it the preferred choice in the

industry.

#seafood #fisheryindustry #refrigeration #cooling #evaporativecondensers

*

16d

As part of its services offering, #TBWES recently conducted Remaining Life Analysis (RLA) for 2x80 TPH non-Thermax boilers and 1x160 TPH #Thermax make boiler for a reputed fertiliser major in Western India. The scope included various non-destructive and metallurgical tests of boiler pressure parts and piping. The economiser coil assessment was performed with a newly developed electromagnetic testing fixture specially designed for all coils along its entire height and length which saved on-site inspection time. The root cause analysis conducted for repeated economiser failures with a conclusive resolution to the customer provided an edge for improving the availability of the boiler. The RLA was completed within the scheduled time frame to customer's satisfaction, including approval from applicable statutory authorities. The outcome once again reiterates the capability of the TBWES Services team to undertake such studies for enhancing the reliability and performance of customer utilities. #manufacturing #engineering #equipment #quality #utilities #services

#boiler

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THERMAXMEDIA

9d

Earnings Season| CNBC Awaaz| May 26, 2021

*

11d

#Thermax Onsite (TOESL) participated in the maiden roundtable of the Sustainable Circular Economy Series organised by BiofuelCircle in collaboration with Pro MFG Media. The closed-door event brought together ‘Champions of Sustainability’ from major industries to share their valued knowledge and deliberate on shaping businesses with a key focus on circular economy and building the bioenergy momentum. Speaking about initiatives at TOESL, Khushboo Bhatia, CEO TOESL, shared, “At Thermax, we believe that sustainable business practices shall lead to a better world, and profit & growth cannot be the sole purpose. Working towards preserving the environment and developing communities are now an essential part of it. Our focus at #TOESL is on offering renewable based sustainable utilities on Build-Own-Operate basis. We work both upstream and downstream in the steam and heat space, from sourcing the right quality fuel and suitable combustion technology to handling ash. In addition, we provide green power through solar and water treatment solutions like Zero Liquid Discharge. These solutions enable us to contribute towards propelling a circular economy.” #utilities #renewable #sustainability #environment #Talk2TOESL #biofuels #biomass #greenenergy #circulareconomy #bioenergy

*

15d

In a recent order, the Air Pollution Control business of #Thermax commissioned an electrostatic precipitator (ESP) for one of the leading cement manufacturers in India. Installed on a 130 TPH CFBC (Circulating Fluidised Bed Combustion) boiler, the ESP limits the emission volume well within the environmental norms. The customer appreciated the Thermax team for timely commissioning of the equipment with continuous field and virtual technical support throughout the process while ensuring the highest safety standards. Visit https://lnkd.in/dR_ZKZw to know more about various solutions offered by Thermax for industrial air pollution control. #airpollutioncontrol #CFBCboiler #emissions #environment

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THERMAX_GLOBAL

18d

#Thermax crosses 5,000 followers on Instagram! A big thank you to all our followers for your consistent support, response and engagement. We hope to continue tracing this journey with you! #5kfollowers #instagram #milestone #follower #thankyou

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THERMAXMEDIA

9d

Earnings Central CNBC- TV18 | May 26, 2021

*

14d

#Thermax offers world class rooftop solar PV solutions customised for specific plant requirements. Our engineering team ensures that the available electricity and energy sources are optimally balanced to deliver least energy cost for the customer. For one of the renowned edible oil manufacturers in Kenya, Africa, Thermax Solar has installed a unique rooftop solar PV system, balancing grid electricity, a backpressure steam turbine, multiple DG sets and a 1 MW solar PV rooftop. This solution fulfils the plant electricity as well as process steam requirement under various scenarios and at the same time assures maximum utilisation of solar power and lower carbon footprint. To read more about this interesting installation, click on https://lnkd.in/dE24uVn #thermaxsolar #solarpower #cleanenergy #renewableenergy #solar

*

16d

#Thermax Chemicals bagged a significant order for cooling water treatment chemicals from one of India’s Maharatna companies in the Oil & Gas sector. Delighted with the quality of our products and on-time technical support provided by the dedicated team of Thermax despite the pandemic situation, the customer entrusted us with the supply and operation of ClO2 system, besides renewing the existing contract. ClO2 generator is an equipment to generate oxidising biocide ClO2; a viable alternative to chlorine having 2.5x times better oxidising power and is effective for BOD/COD removal even in the presence of oil or ammonia in cooling water. This is a major milestone for the Chemical business of Thermax towards providing sustainable solutions to its esteemed customers and delivering performance as committed. To know more about how Thermax cooling water treatment chemicals can help reduce downtime and save costs; click here: https://lnkd.in/eVdcvMk #chemical #watertreatment #oilandgasindustry

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