Thermax launched an intelligent boiler product and MD Ashish Bhandari said company remains optimistic on growth with a strong order backlog, expecting data centre business to be a big growth area

Fri 9 Oct 2026

Order backlog

14,000 crore rupees

Efficiency improvement from intelligent boiler

10 percent

Heard on business television between 12:46:16 - 12:49:16 IST.

• MD and CEO Ashish Bhandari said Thermax launched an 'intelligent boiler', an automated boiler marking 60 years of the company, calling it a once-in-a-lifetime product release.
• He said the intelligent boiler delivered up to 10% improvement in efficiency versus manually operated boilers in like-to-like tests, with multiple patent updates behind the technology.
• Bhandari said the product combines automation, advanced control, intelligent learning, physics and data science, and is a first not just for India but for the world at this scale.
• He said the company has a strong order backlog of over 14,000 crore rupees and expects the data centre business to emerge as one of its biggest growth areas.
• He addressed that the launch is also aimed at improving long-term margin profile as legacy low-margin projects exit the portfolio.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.