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Thermax to acquire 100% stake in Babcock & Wilcox JV

The JV – Thermax Babcock & Wilcox Energy Solutions Private Limited (TBWES) established in 2010 has not succeeded due to decline in demand for boilers globally. The Board of directors of Thermax Ltd has approved to enter into a preliminary understanding with B&W to acquire the shareholding of the latter in the JV – TBWES. […]

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