MS Unnikrishnan MD said Thermax is scouting overseas to buy a company worth up to USD 100 million in industrial waste water treatment space.

He said “Our target market for water treatment projects in India is worth 4,000crore to 4,500 crore. Within this the industrial waste water market would be worth around 1,500 crore. So we would like to acquire a company for technology.”

The company has a technology tie up with GE Water for sewage treatment and Wehrle Umwelt GmbH for industrial waste water treatment and has 8% of the water business market.

Thermax's consolidated order book was worth 6,446 crore as on March 31 against 5,966 crore a year ago.

(Sourced from ET)