Corporate profile - Thermax

A PROFILE OF THE THERMAX GROUPSUSTAINABLESOLUTIONS

Thermax is one of the fewcompanies in the world that offerintegrated solutions in Energy andEnvironment Management. With itsbroad spectrum engineering expertisein heating, cooling, power, water andwaste management and chemicals,Thermax enables corporates to beenergy efficient and at the same time,environment-friendly. Thus contributingto industry's bottomline and thegrowing global effort towardssustainable development.

Integrating Energyand EnvironmentManagementA need, a challengeSince the early days ofthe Industrial Revolution,human beings have believedthat there is an inherent trade-offbetween ecology and theeconomy. The dominant viewhas been that industrialdevelopment `inevitably' leads todamage to the environment.But as human intrusions andinterference took its mounting tollon nature, decimating naturalresources, habitats and species allover the world, the need forprotecting the environment beganto receive widespread acceptance.And the view that there is aninherent win-lose equationbetween the economy and theecology is now being seriouslychallenged.The bare, inescapable truthis that the earth's eco-systemis irreplaceable, at any cost.If any proof was needed, itwas provided by the BiosphereII experiment conductedbyagroupofscientists inArizonain1991.A 3.2 acre glassdome with $200 million worthof equipment was installed toreplicate the earth's main ecosystems.The experimentcollapsed in two years: Thedome could not provideenough air, water and foodfor just eight people.In fits and starts, concernabout the eco-system has hit theinternational community. TheMontreal Convention, the EarthSummit, the Kyoto Convention,all reflect a burgeoning awarenessthat time is running out, probablyfaster than we think.Corporations, big and small,cannot afford to be divorced fromthis trend. Mandates likerestrictions on use ofchlorofluorocarbons or ongreenhouse gas emissions affectbusiness directly. But the morepressing effects are from the ecosystemitself. To state only two:Available water resourcesare getting scarcer and inmany developingcountries like India,1

Clearly, afundamental mindsetchange in the wayof doing businessand manufacturing iscalled for. Neededis a new way, thatwill marry the needsand aspirationsof industrialdevelopment witha sustainableeco-system2cheap power from the grid hasbecome a thing of the past.Clearly, a fundamental mindsetchange in the way of doingbusiness and manufacturing iscalled for. Needed is a new way,that will marry the needs andaspirations of industrialdevelopment with a sustainableeco-system. Is there such a way?We at Thermax believe thatthereisawayanditliesinfirstdemolishing the environmentversus economy equation. Webelieve that Environment and theeconomy's prime mover, Energy,can be considered two sides ofthe same coin. By integrating themanagement of both theseaspects, companies can becomegreen and competitive.As an Eco-Energy company,Thermax has demonstrated thevalidity of this approach in scoresof installations, for a wide rangeofindustries,inIndiaandmanyother parts of the world.In most cases, the key hasbeen enhanced resource productivity.By reducing the wastefuland harmful flow of resources,Thermax has helped companiesstretch natural resources verymuch further than they did previously.Another approach has beento eliminate the concept of wasteitself, wherever feasible. A closedloopsystem pioneered in India byThermax eliminates effluentdischarge and recycles almost allthewaterused.Orwasteheatisharnessed from equipment orprocesses to generate usefulenergy.Thermax has delivered sustainablesolutions based on theseapproaches through a combinationofin-houseR&Dandworldsourcing of the best availabletechnologies. Solutions whichhave enabled industries to useinputs more efficiently and convertthe "problem" of pollutioninto an opportunity for improvingresource productivity. And thesearen't the only benefits. The

solutions provided by Thermaxhave also improved processconsistency and reduced downtime,leading to further increase inprofitability.Thermax has also developedtechnologies for industrial use ofnon-conventional and renewablefuels like rice husk, bagasse andpalm fibre. Saving scarce fossil fuelsin a power-starved country likeIndia and cutting CO2and SO2emissions which cause globalwarming and acid precipitation.Thermax believes that onlycompanies that adopt sustainabledevelopment practices throughintegration of energy andenvironment management will staycompetitive. In fact, in anincreasingly fragile eco-system, theywill be the only ones around.Global WarningThe United Nation's Intergovernmental panelon Climate Change, a group of 2,000 of theworld's leading scientists, concluded in 1995that global warming is real, serious andaccelerating. They determined that the mostlikely cause is burning of coal, oil and gasolineand increase in the amount of carbon dioxide andother greenhouse gases trapped in the earth'satmosphere. According to scientific records drawnfrom pollen records, ice cores, tree ring analysis,temperature records, satellite imagery, atmospheric measurements and other tools,climate change is already affecting every region and most nations. 1995 was the hottestyear in history and the five hottest years have all occurred in the 1990s. The world isexperiencing the biggest thaw since the last Ice Age. Europe's alpine glaciers have losthalf their volume since 1850, some penguin populations have crashed inAntarctica andmuch of the tropics have become hotter and drier. In the 1990s, southernAfrica sufferedcrop failures, water shortages and the five driest years of this century. Sea levels arerising, on an average they are between 10 and 25 centimetres higher than a century agoand rising tides threaten the survival of many low-lying coral island nations. Some 80 percent of the world's beaches are eroding, often at a rate of many metres a year. There'smore. But this will give you the picture.3

EnergySolutionsMore from less4Achemical plant in UKproduces various gases thatwould normally have beenreleased in the atmosphere.However, British environmentalregulations do not permit suchemission. The gases have to bedestroyed thermally, a process thatreleases a large quantity of energy.Instead of wasting this resource, theplant passes it through a Thermaxboiler to recover the heat and use itto generate 72 tonnes per hour ofsteam.This is just one of the numerousapplications of Thermax's provenexpertise in energy conservationand reuse. The Thermax missionhas been to offer technologies thattransfer heat at the highest possibleefficiency; recover heat whereverpossible; extract and use heat fromintegrated processes; replace powerwith direct sources of energy;generate heat and power simultaneouslywherever possible; and usealternate and renewable fuels.While Thermax's wide range of

Thermax recoverswaste heat fromprocess togenerate steamat a chemical plantin UK. Thisconservationmeasure stretchesenergy resourcesfurther at the plantboilers and heaters are known fortheir very high efficiencies, thecompany's energy innovations forindustry include substitution ofelectrical heating with steam, hotwater and thermic fluids,substitution of compressioncooling with vapour absorptiontechnology and heat recovery inprocess plants for steam andpower.The Thermax group also has anenergy services company, ThermaxEnergy Performance Services(TEPS), which helps energyintensiveindustries save moneythrough guaranteed energy savings.One such project commissioned isfor Morarjee Mills, a 125-year-oldtextile mill in the heart of Mumbai.TEPS is implementing a gamut ofprojects which will lead tosubstantial reduction in the mill'sfuel oil and power consumption,leading to abatement of over 6000tonnes of carbon dioxide emissiona year.Oh, Deer !One of the oldest fables in the world is about the deer insearch of the musk fragrance. Nothing exemplifies itbetter today than the number of industries which ignorethe inherent tappable energy in their own processes.Many industrial processes are exothermic to the point ofbeing energy viable, but very few of them are actually utilisedas a source of energy. Through its long years of expertise inwaste heat recovery, Thermax taps these sources of energy togenerate heating, cooling or power for industry's needs. A market leader inexhaust gas boilers, Thermax has supplied four such boilers to India's first andlargest DG set based independent private power plant, of the GMR Vasavi PowerCorporation near Chennai.5

Water andEffluent ManagementEvery drop countsTreatment ofsewage in afluidised aerobicbioreactor pilotplant in Punedemonstrates theeffectiveness ofthis economicalmethod of handlingwaste in townships6Chindwara, Central India. Thesite of Raymond Woollensmanufacturing plant. It is awater scarcity area and the plantuses a huge amount of water. Evena day's closure due to lack of waterwould mean a loss of millions ofrupees. However, such a loss hasnever been suffered. Thanks to aclosed-loop water recycling systempioneered in India by Thermax.The system ensures that only asmall amount of fresh water isdrawn and the rest is met byrecovery from wastewater. TheRaymond Woollens plant recovers6,50,000 litres of reusable waterevery day this way. A similar facilityinstalled by Thermax for ArvindMills in a water-starved area ofGujarat has reduced the plant'sfresh water intake by 85 per cent.Thermax has over 20 yearsof experience in implementingcost-effective water managementand recycling projects for industry.What is offered is total watermanagement capability. Frompre-treatment of raw water andtreatment of process water to

ecycling of effluents and sewagetreatment through a variety oftechnologies. Thermal powerplants, steel plants, refineries,fertiliser, petrochemicals, heavychemical and non-ferrous metalindustries are the major industrygroups served.Several unique solutions havebeen successfully commissioned formaterial recovery from effluents. InBajaj Auto's Waluj manufacturingfacility, an acid recovery plantsupplied by Thermax recoversaround 1200 kgs. of chromic acidevery month from effluent andpurifies it for re-use. Apart fromslashing the company's purchase offresh chromic acid, the system helpspurify the chrome bath, so thatplating quality is better. What'sgood for the company is also goodfor the environment: the problemof toxic sludge has been eliminated.Another area where pathbreaking work has been done isre-use of cooling tower blowdownwater which accounts for nearly50 per cent of industry's totalwater requirement.The expertise gained in industryis now being extended to treatmentof wastes generated by cities.Fluidised Bed Aerobic BiologicalReactors developed by Thermaxrequire less than 25 per cent of theland occupied by conventionalsewage treatment plants. Compactand energy efficient, they replacethe need for centralised sewageplants. Due to the high cost of thelatter, sewage in many cities isdumped directly into rivers. TheThermax system is a viable solutionfor India's dying rivers.The Big ThirstMost of the earth's surface is covered by water, butmost of the water is seawater, or locked in icecapsand glaciers or is far too deep under the earth'ssurface to economically tap. Imagine this: If all theearth's water fits in a gallon jug, available fresh waterwould equal just over a tablespoon. And thattablespoon is being used up rapidly. Economists whohave closely studied the world's emerging water crisisestimate that by 2020 the price of water in some parts of the worldwill be at least half that of crude oil and the investment in providing it will be comparablewith that for providing electricity!In this scenario, Thermax plays an important role by helping industry cut down itsintake of fresh water and by tapping the abundant availability of seawater throughdesalination. India's largest membrane based seawater desalination plant has been setup by Thermax for leading detergent manufacturer Nirma in Gujarat. The plant willdesalinate and purify seawater and supply it for boiler feed, process and drinking wateruse. 7

PerformanceChemicalsA dose of higher efficiency8Patalganga near Mumbai.Engineers at RelianceIndustries' plant at thislocation were worried about thefuel quality and combustion ofthree 70 tonnes per hour boilers.The efficiency of the boilers wasabove 80 per cent but there werenagging reasons for worry. The fluegas exit temperature was higherthan the optimum level. There wasfouling and deposition on thefurnace and superheater tubes.There was also the problem of lowtemperature corrosion. It all addedup to a scenario that spelt trouble.But that possibility was averted byusing specially formulated fueladditives and fireside treatmentchemicals from Thermax.Thermax's Chemical divisionworks in synergy with the group'sexpertise in water treatment andcombustion engineering, to providefuel and water managementchemicals for optimumperformance. Among the many`firsts' recorded by the Chemicaldivision are production of India'sfirst fireside chemical; a range offuel additives; all-organic singleproduct boiler water chemical; a

Improving efficiencyand performanceof equipment byoffering a varietyof fireside andwaterside chemicalformationsdepressant for the oil industry andmodification of ion exchange resinsfor use in the nuclear industry.The R&D team has alsodeveloped chemicals for severalspecific applications. An example isspecial polyelectrolytes for coalwasheries which lead to betterrecovery of coal fines and cleanercoal; the saving is up to a quarter ofthe raw coal which would haveotherwise ended up as waste.The overall benefit ofThermax's chemicals: betterutilisation of precious water andenergy. And through internalsynergy with the group's expertisein both these areas, Thermax'sChemical division is able to makeaccurate analysis of plant problemsand offer tailor-made solutions.To your healthThermax offers a superior solution to settle organicmatter and suspended solids in raw municipalwater: using a polyelectrolyte of consistent qualitywhich requires less manpower and storage spacethan alum. The Palta water works in Calcutta, one ofAsia's largest drinking water plants, regularly uses thisproduct to treat the water that is supplied to meet thehousehold and industrial needs of the entire Calcuttametropolitan region. Drinking water plants in other Indian cities likeBangalore and Nashik also use it regularly. This is just one of the services Thermaxoffers in the treatment of municipal water.9

Pollution Abatementand ResourceRecoveryClean is profitableAt a cement planta Thermax pollutioncontrol systemhelps in keeping theair clean with therecovery of rawmaterial10Thermax's engineers haveexpertise in handling over30 different kinds ofindustrial dusts: from cement, tocarbon black, asbestos, coffee andeven milk powder. Air pollutionabatement equipment supplied byThermax has prevented the spreadof cement raw material that couldhave polluted an area larger thanUttar Pradesh and Madhya Pradesh,India's largest states, had it been

eleased from avantage point. Butclean air is notthe only bonus.Companies thathave opted forThermax'spollutionabatementtechnologies have alsorecorded significant commercialbenefits. Take the case of GujaratAmbuja's cement plant in Kodinarin the state of Andhra Pradesh . AThermax reverse air baghouse atthis location handles a gas flow of4,50,000 cubic metres per hour. Italso collects 320 tonnes of cementa day — as a bonus.Sometimes the commercialbenefit is less tangible. But it stillmakes a big difference. In theBhilai steel plant, the dust contentof the exhaust gas of rotary kilnswas much higher than thepermissible emission limit till theplant management invested in aSTOP SMOKING STACKSSTOP SMOKING STACKSThermax wet scrubberbasedgas cleaningsystem. The majorbenefits: improvedworker health andlower machinemaintenance.Recovery andpollution control. These arealso the key elements ofThermax's pioneering developmentof coal preparation plants for blastfurnaces in the steel industry. Thecritical areas were recovery of coalat the pulverising end andcontrolled emission in the blastfurnace area. Mastering thistechnology, Thermax supplied aplant to Tata Iron and SteelCompany in 1991. Orders fromseveral other steel plants followed,for the benefits were tremendous:The Thermax system replacesexpensive metallurgical coking coalby cheap non-coking coal and alsoenhances the performance of theblast furnace.Gasping for airIn some heavily polluted cities of the world likeTokyo, Beijing and New York, pure, clean air isactually sold to residents in special `oxygen bars'.You can well imagine the business potential of suchbars in Indian cities like Delhi and Mumbai. Whileautomobile exhaust is customarily identified as the maincause of air pollution, industrial pollution also plays a big role inmaking the world a difficult place to breathe in. Thermax contributes tothe availability of fresh air by supplying equipment for control of harmful particulate andgaseous emission. For example: In a glass production plant located in the heart of aresidential area in Hyderabad, Thermax has supplied a system for bringing down thesulphur dioxide content in exhaust gas emissions from the furnace to an acceptablelevel.11

Expertisein FuelsYou name it, we burn itSteam and powergeneration frombiomass fuels isvital for an agribasedcountry likeIndia12Thermax's long involvementin the Energy business hasled to a very deepunderstanding of fuels. Fromconventional fuels like oil, gas, coaland diesel to non-conventionalfuels like washery rejects, agrowaste and even slag!The depth of understanding —the limits and potential of variousfuels for various applications — is aresult of pioneering research anddevelopment work being done byThermax. In 1973 when the entireworld was gripped by the oil crisis,Thermax came to Indian industry's

escuewith aboiler capable ofburning low gradeIndian coal efficiently.Thermax was also largelyresponsible for bringing fluidisedbed combustion technology toIndia. In Purwakarta, Indonesia,Thermax has for the first time inthe world burnt coal with highlypolluting sludge from a huge textileplant to generate steam.Closer home, Thermax has beena key supplier for India's first ricehusk based independent powerplant, located in the state ofMadhya Pradesh. Thermax hassupplied a fluidised bed boiler,along with accessories, to burnaround 50,000 tonnes of husk ayear and generate high pressuresteam to run the plant's turbines.Combipac, the standard Thermaxboiler for such applications, offersmulti-fuel capability with highthermal efficiency.Expertise in a variety of fuelsenables Thermax to offer industryretrofitting services,from scarce fuels tomore easilyavailable options.The RashtriyaChemical Fertilisers (RCF)came to the Thermax group whenit faced a shortage of natural gaswhich ran its high pressure andtemperature boilers for generationof power and process steam. RCFwanted to switch over to naphtha,but wanted to keep its optionsopen for using natural gas,whenever available. ThermaxBabcock and Wilcox (TBW), a jointventure company of the ThermaxGroup, designed a retrofit that willfire gas and naphtha in anyproportion. TBW has also donesuch conversions for most majorfertiliser units in the country.TheThermaxoffertoindustryon fuels: You name it, we'll burn it,and we'll give the option ofswitching between fuels. An offerthat makes fuel scarcity a thing ofthe past.Clean fuel value chainThe Energy sector is witnessing structural changes, withchanges in fuel policy, the cost economics of various fuels andpower pricing. A shift is taking place towards cleaner fuels thatare assuredly and conveniently delivered. In this scenario,Thermax is partnering with fuel suppliers to provide a vitalchain to reach customers. Through its expertise in heating,cooling and power using cleaner fuels such as natural gas, Thermax is in a position todeliver greater value to the customer's energy needs and environmental concerns.Thermax's first fuel supplier alliance is with Gujarat Gas, India's largest private sectorcompany in the business of gas distribution.13

Cogen, Trigenand DisgenThe cleaner and cheaper alternativeA wide array ofsystems and servicesrequired forcogenerationplants are availablefrom Thermax as asingle-source14Process industries requirepower as also process heatand/or process cooling.Traditionally, this requirement hasbeen met by taking power from thegrid, process steam from industrialboilers and cooling throughelectricity. An example oftremendous wastage : electricitygeneratedthroughamegapowerplant uses only about 30 to 35 percent of the energy contained in thefuel ; the rest is wasted inconverting the fuel to electricalpower. Thermax offers Cogen andTrigen options that reduce thiswastage, by harnessing heating,cooling and power from a singlesource.Take Arvind mills for examplewhich is a large integrated textileprocessing and Denimmanufacturing facility. The textileprocess is energy intensive.Thermax conceptualised two 27

MW integratedcombined cycle cogenplant to answer all theenergy needs of thecustomer — power andheating. Excess heatenergy available from the systemwas recycled for inlet air cooling ofthe Gas Turbines to enhance outputand efficiency of the cogen plant. Inaddition Thermax also provided acomprehensive waste recycle facilityto recover upto 95% of the processwater — a classic case of integratingenergy and environment.Similarly for Kolkata basedShree Cement Limited, Thermaxprovided an integrated energysolution with a 36 MW captivepower plant. The power plant willbe a first of its kind in India to usea new and emerging fuel petroleumcoke (pet coke). The plant willdeliver quality power which will beabout 30% cheaper than gridpower.Cogen solutions for the sugarindustry pioneered in India byThermax have another advantage.WE HEATCOOLBagasse which isavailable in plenty isused as fuel and bygenerating steam atmuch higher pressure,surplus power can be generatedand sold to the grid. It's an ideawith tremendous potential: It'sestimated that just one Indian state,Uttar Pradesh, can generate around1000 MW of power through thisroute, at a fraction of the costinvolved in setting up conventionalcoal-based power plants.Thermax's expertise in fuels andCogen gives it the capability to offerindustry the sustainable solution ofdistributed generation or Disgen:power that is generated on site, atlower cost, with higher quality andreliability. Using high pressureboilers and turbines, Thermax'scaptive power plants use fuels likecoal, lignite, husk and other agrowaste,to generate power at a lowercost than diesel gensets, with lowermaintenance costs and better powerquality. The Thermax plants arealso eco-friendly, with low No x/Soxemissions.POWERCost Effective Heating and CoolingThermax offers unique solution for heating and cooling needs for alldistributed generators like diesel engines, gas engines, microturbinesand gas turbines. With an integrated approach to waste heat recoveryand absorption chillers, Thermax offers the highest system efficiencymaking distributed generation available at a very affordable cost to the users of hospitalitysectors & process industries. Besides, through strategic alliance with steam turbinemanufacturers, Thermax also offers cost effective solutions for generating power at nominalcost from process boilers using variety of fuels like coal, lignite, agro-waste or even wasteheat from processes.15

R&D andTie-upsInnovation and world sourcingof technologiesA combination ofin house R&D andsourcingtechnologies fromworld leadersgives Thermax theedge in providingintegrated solutionsThermax offers a range ofsolutions for integratedenergy and environmentmanagement through acombination of in-house R&D andsourcing of technologies fromworld leaders in the respectiveareas.The R&D effort is highlymarket-driven; identification anddefinition of customer needs is thefirst step in Thermax's ProductDevelopment Process. And manyof the technologies that have comeout of this process have becomegeneric names and trend-setters inIndustry. An early success wasThermopac, the first hightemperature liquid phase heater.Replacing electricity as the heatingmedium by oil or coal, theThermopac generates highertemperatures for shorter processtimes.16

R&D successes in recent yearsinclude Submerged Aerated FixedFilm technology for reducingchemical oxygen demand in chemicalwastes; a colour removal systemfor dye-house effluents; apolyelectrolyte for making waterpotable; incineration of black liquorin a recovery boiler; fluid bedscrubbing for gaseous as well asparticulate emission and specialityresins; a corrosion inhibitor for oiland gas pipelines and polymers forremoval of toxic effluent.Current thrust areas are compactoil/gas fired boilers with newcombustion systems; new fuelsand reduction of Soxlevels in fluegases ; use of electricity rather thanchemicals to treat difficult effluentslike heavy metals (thus minimisingthe problem of sludge disposal) andbiological treatment of effluents.Thermax has also forged variousbusiness and technology allianceswith leading international companies.A joint venture with Babcock& Wilcox, USA, for higher range ofsteam generation and energy conservationequipment. Another withEnergy Performance Systems, USA,for energy performance contractingwith guaranteed savings.And Thermax has entered intostrategic technical transfer andlicensing agreements. WithStruthers Wells Corp., USA, forprocess integrated boilers and firedheaters. With Kawasaki ThermalEngineering, Japan, for modularvapour absorption machines. WithDansk Rodzone Teknik, Denmark,for biological treatment ofeffluents...Nature cureThermax has a collaboration with Rodzone Teknik ofDenmark for a totally biological method of treatingcontaminated water, with no use of electricity andchemicals. Called Root Zone Treatment, the methodinvolves construction of reed beds. Contaminatedwater is passed underground through the root zones ofthe reeds. The reeds and the reed bed together create anoutstandingly efficient effluent treatment factory below thesurface of the soil, so that what comes out is water that is environmentally safe. TheRoot Zone Treatment has been installed by Thermax in holiday resorts, dairies and afew industrial units. At Procter and Gamble's detergent plant in Bhopal, a Thermax rootzone installation treats acidic effluents.17

ManufacturingEngineering excellenceThermax'smanufacturingplants are a centreof engineeringexcellence deliveringquality and valueto the customer18Acustomer in Delhi wants aprocess heat equipmenturgently. The Thermaxsales engineer finalises thespecifications and sends them to themanufacturing facility in Pune viathe company's dedicated electronicmail system, Thermnet. In 24hours, the order is `loaded'.In the Computer Aided Designcentre in the factory, engineerswork with specialised software forstructural analysis, piping stressanalysis and gas flow modelling.Manufacturing engineers areinvolved in all stages of design, sothat re-work is avoided.The 14 manufacturing plants

with over 50,000 square metres ofcovered area are equipped withstate of the art facilities for platebending, cold rolling, hot rolling,continuous welding, membranepanel welding, CNC Co-ordinatedrilling/milling and physical,chemical and non-destructivetesting facilities.All equipment is designed andmanufactured to internationalstandards like ASME, BS, DIN,GOST and the IBR Code for LandBoilers in India. The facilities havebeen inspected by renownedagencies like Lloyds, BureauVeritas, SGS, EIL and TUV.Through supplier partnerships,Thermax has established reliablesources of supply for qualitycomponents, structurals and pipingand the group also sources globallyfor the best cost and qualityadvantage.A cellular mode ofmanufacturing has been adoptedfor virtually all product groups :Each productionplant is dedicated toone product family,leading to faster deliveries andbetter quality. Through a groupwideTQM movement initiated in1993, process changes arecontinuously implemented to lowerthroughput time, inventories,material costs and wastage.Through horizontal integrationwith production and sales, materialgroups have reduced procurementlead times drastically. Withsuppliers also getting aligned, thestock position is very close to actualday-to-day needs. Design, Materials,Production and Marketing work ascustomers to each other, for thequality and cost benefit of thecustomer outside.An ISO 14001 CompanyThermax has an ISO 14001 certification from DetNorske Veritas for its environmental managementsystem in its manufacturing plant at Chinchwad. Thecertification recognises Thermax's comprehensiveenvironmental management system and its proactiveapproach for preservation of the environment, which callsfor active initiation of change based on anticipateddevelopments, rather than merely reacting to events that occur. The certification alsoindicates commitment to compliance with environmental regulations and legislation,sustainable development through prevention of pollution, conservation of resources,reduction of waste generation and continual improvement of the system.Environmental measures implemented in the manufacturing plant include constructionof an effluent plant, a closed drainage system and greening of the entire complex.Thermax also buys green power from a wind farm located in Satara district ofMaharashtra.19

IntegratedSolutionsFor more customer delightEQUIPMENTFuel & WaterManagement ChemicalsEffluent Treatment& Water recyclingPollution Abatement &Material RecoveryProcess Cooling andAir-conditioningProcess HeatingI M P R O V I N GYO U RENERGYSUSTAINABLEB U SI N E S SWater Treatmentfor ProcessesWaterConditioningSystemsEngineering,Procurement,Construction(EPC)DE VELOPMENTENVIRONMENTConstructionINTEGRATED SYSTEMSUtility andPower BoilersI SCogeneration andCaptive PowerO U RWaste HeatRecoveryB U S I N E S SEnergyPerformanceServicesOperation &MaintenanceSERVICES20The myriad skills, expertiseand knowledge areas of theThermax group have beenmeshed with its service andmarketing network to offercustomers integrated delivery ofsustainable energy andenvironment solutions, with asingle point responsibility. Thatensures faster deliveries andresponse times. Above all, withThermax assuming all responsibilityfor design, manufacture, supply andmaintenance, the customer gets thefull freedom to do what is topmoston his mind: run his business,whether it's textiles, steel, cementor pharmaceuticals.

Thermax's expertise is alsoavailable for retrofitting Energy andEnvironment equipment andsystems. Thermax Babcock &Wilcox offers life assessment andperformance enhancement studiesfor energy systems, includingpower plants.Thermax has well-establishedproject management systems forEPC (Engineering, Procurement,Construction) assignments and afully-owned subsidiary forengineering construction. Throughcritical top management interventionin major projects and thecustomer enjoys a single pointcontact for clarity on schedules,progress reporting, drawingapprovals and quality control.Project management using state-ofthe-artsoftware raises `earlywarnings' that initiate mid-coursecorrections, whenever necessary.Thermax has established itselfas a reliable partner for internationalEPC organisations: Ebasco,Black & Veatch, Bechtel, MitsuiEngineering & Shipbuilding,Snamprogetti, Krebbs, NKK,Mitsubishi Heavy Industries, ToyoEngineering Corporation, DaelimEngineering Company, HyundaiEngineering...Services on a PlatterThermax is moving to the new global business model ofproviding services rather than goods, by offeringheating, cooling and water and waste management asservices. Thermax also offers Operation & Maintenanceand lab services. India's largest wastewater recycling plantis operated and maintained by Thermax engineers. More than400 million gallons of wastewater is treated and recycled, to ensure continuous supplyof water for process and power applications at an optimum cost.21

GlobalReachA customer in every part of the world22Two Thermax chillers airconditionthe BBC's studiosand offices in London. Anumber of Thermax steamgenerators are used to dewax oilwells in Siberia. Thermax's Tulsionbrand of resins are best-sellers in theUS and have also penetrated themarket in Japan. A major tyreretreader in East Europe usesThermax heating equipment. Apaper and pulp manufacturer inThailand uses a Thermax watertreatment system. Seven out of thenine textile plants in the UAE useThermax equipment. Kenyan teagardens use high efficiency boilersfrom Thermax and the group has setup an integrated energy conservationsystem for Bali Nirvana, one of the

Three Thermaxvapour absorptionchillers — using hotwater as the energyinput — air conditionthe production facilityand paint shop at theDaimlerChrysler plantin Sindelsingen nearStuttgart in Germanybiggest holiday resorts in Indonesia.Thermax Babcock and Wilcox'sboilers are installed in Jordan,Saudi Arabia, Philippines andEgypt.Apart from eight overseasoffices, the group has front-endvalue chains with leadingdistributors in the US and inEurope for its vapour absorptionchillers.Thermax's global vision is basedon international marketing ratherthan mere exporting. Building onthe awareness that "the world isour market", Thermax has chalkedout a long-term strategy, choosingproducts and services where thereis a competitive advantage notmerely through lower manpowercost but through innovative, costeffectiveand reliable solutions,leading to a globally recognisedbrand image.Innovating for sustained leadershipTo enlarge the scope and increase the number of niche marketsoverseas, Thermax develops products and solutions for thespecific needs of different countries. In a palm oil refining plant inMalaysia the de-oiled earth, a talcum powder like waste, is fired in aboiler to generate steam; at the same time solving a serious landfillproblem. In an innovative approach, Thermax developed a speciality resin fora US process licensor to improve the quality of the end product — apetrochemical.23

The Thermax GroupFact File24Board of DirectorsMeher PudumjeeChairpersonM. S. UnnikrishnanManaging DirectorDirectorsVISIONAnu AgaDr. R. A. MashelkarDr. Valentin MassowTapan MitraPheroz PudumjeeDr.ManuSethDr Jairam VaradarajExecutive CouncilM. S. UnnikrishnanShishir JoshipuraGopal MahadevanSudhir SohoniRavinder AdvaniR. V. RamaniS. RamachandranDr. R. R. SondeTo be a globally respectedhigh performanceorganisation offeringsustainable solutionsin energyand environmentIndian Subsidiary Companies :Thermax Surface CoatingsLimitedThermax EngineeringConstruction Company LimitedThermax Instrumentation LimitedOverseas Subsidiary Companies :Thermax International Limited, MauritiusThermax Europe Limited, U. K.Thermax Inc., U. S. A.Thermax do Brasil Energia eEquipamentos Ltda, BrazilThermax Hong Kong Limited,Hong KongThermax (Zhejiang) Cooling & HeatingEngineering Co. Ltd., China.Registered Office :D-13, M.I.D.C. Industrial Area,R. D. Aga Road, Chinchwad,Pune 411 019. IndiaTel : ++91-20 - 27475941Fax : ++91-20 - 27472049agandhi@thermaxindia.comCorporate Office :Thermax House,14, Mumbai-Pune Road,Wakdewadi, Pune 411 003, IndiaTel : ++91-20 - 25542122Fax : ++91-20 - 25541226abunglow@thermaxindia.comManufacturing Plant :D-13, M.I.D.C. Industrial Area,R. D. Aga Road, Chinchwad,Pune 411 019. IndiaTel : ++91-20 - 27475941Fax : ++91-20 - 27472049agandhi@thermaxindia.comD-1, MIDC Industrial Area,R. D. Aga Road, Chinchwad,Pune 411 019. IndiaTel : ++91-20 - 66126464Fax : ++91-20 - 27472099kjoshi@thermaxindia.comPaudh, Taluka Khalapur,District Raigad 410 206, IndiaTel : ++91-2192 - 276010Fax : ++91-2192 - 276040kdeshpan@thermaxindia.comPlot No. 21/1, 2,3,G.I.D.C. Manjusar, Tal Savli,Dist. Vadodara - 391 775, Gujarat, IndiaTel.: (02667) 264727/28sgosavi@thermaxindia.comWebsite :www.thermaxindia.com

Thermax is committed to developing,procuring and supplying the besttechnologies to make integrated energyand environment solutions a profitable andattractive option for all sectors of industry.Through a strong customer focus, Thermaxwill strive to deliver the most cost-effectiveoptions, with the best quality.A visible symbol of this commitment isThermax's Energy and Environment ResearchCentre (EERC), a centre for research andtraining conceived by the company's latechairman, Rohinton Aga. The centre is abeehive of technical education relating to thefields of energy generation and conservationand pollution abatement technologies. Thecentre also conducts training and awarenessprogrammes for Thermax customers andemployees. .

Conserving EnergyPreserving the Environment