IndustrialNew
Thermax CEO outlines recovery path after clean-tech business missteps
BullishIndustrial
Thermax is implementing a strategic overhaul to recover from setbacks in its new-age energy and clean-tech ventures, according to MD & CEO Ashish Bhandari. The company is now focusing on industrial products, green solutions, and expanding its international business, which now comprises 30% of orders. The firm is moving away from complex, long-cycle government projects after execution challenges.
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