Thermax to Acquire Overseas Wastewater Treatment Firm

India-based Thermax is planning to buy an overseas industrial wastewater treatment company worth $100m.

The company to be acquired has a technology tie-up with GE Water for sewage treatment and industrial wastewater treatment tie-up with Wehrle Umwelt.

Thermax is also planning to invest Rs4bn ($89m) for capital expenditure this fiscal year.

The firm will spend Rs2bn ($44.5m) on Thermax standalone entity and Rs2bn ($44.5m) on the joint venture with Babcock-Wilcox of the US

Thermax, in collaboration with Babcock-Wilcox, is developing an Rs8.25bn ($183m) plant for manufacturing super critical boilers, reports the Economic Times.