Thermax has announced the incorporation of Thermax Energy Solutions Company in Saudi Arabia as a wholly-owned step-down subsidiary. This entity, under Thermax Babcock and Wilcox Energy Solutions Limited (TBWES), aims to provide on-site services, maintenance, and marketing support. With a capital infusion of 25,00,000 INR, the move marks a strategic expansion in the energy solutions sector within the region. The incorporation was finalized on January 28, 2026.
Saudi Arabian Expansion
Thermax Babcock and Wilcox Energy Solutions Limited (TBWES), a wholly owned subsidiary of Thermax, has incorporated a new company named Thermax Energy Solutions Company in Saudi Arabia. The certificate of incorporation was issued on January 28, 2026, by the Ministry of Commerce, Saudi Arabia.
Subsidiary Structure
As a result of this incorporation, Thermax Energy Solutions Company is now a wholly owned subsidiary of TBWES, making it a step-down subsidiary of Thermax. The main objective of the new entity is to offer on-site services, maintenance, supervision-related services, and marketing support to its parent entity.
Financial Details
The capital to be infused into Thermax Energy Solutions Company amounts to 25,00,000 INR. This investment will support the company’s operational setup and initial activities within the Saudi Arabian market.
Strategic Rationale
This move is part of Thermax’s broader strategy to strengthen its presence and service capabilities in the energy sector. By establishing a local entity, Thermax aims to enhance its responsiveness to regional market needs and provide better support to its clients in Saudi Arabia.
Source: BSE
