Thermax Limited. · NSE:THERMAX
Thermax — Investor Presentation (September 2015)
62 slides from Thermax's investor presentation, September 2015
Slide 1: Sustainable Solutions in Energy and Environment
Sustainable Solutions in Energy and Environment Disclaimer: Information in this presentation does not form of any offer and can be changed without prior notice. Thermax does not assume any obligation or liability arising from the use of this data in any form apart from its intended use of disseminat
Slide 2: Thermax Group
Thermax Group Our Belief : “Profit is not only a set of figures, but of values” Late Rohinton D. Aga 1935 – 1996 Founder, Thermax Sept 2015
Slide 3: Contents
Contents • About Thermax Limited • Our Offering & Experience in Power • Our Experience with the Steel Industry • Our Capability • Key Projects Executed by us Sept 2015
Slide 4: Sustaining Values & Brand Attributes
Sustaining Values & Brand Attributes • Integrity • Transparent • Trusted • Respect • Customer focused • Fairness • Entrepreneurial • Excellence • Innovative • Commitment • Socially responsible 4 4 Sept 2015
Slide 5: Subsidiaries & Joint Ventures
Subsidiaries & Joint Ventures Subsidiaries Joint Ventures • Thermax Engineering Construction Co Ltd • Thermax Babcock & Wilcox, India • Thermax Instrumentation Ltd • Thermax SPX Energy Technologies • Thermax Sustainable Energy Solution Ltd Ltd. , India • Thermax Onsite Energy Solution Ltd • Thermax
Slide 6: Our Global Presence
Our Global Presence Index Manufacturing Unit Sept 2015
Slide 7: Our Domestic & Distribution Network
Our Domestic & Distribution Network Delhi Ahmedabad Kolkata Vadodara Mumbai Pune Our network Headquarters Hyderabad Manufacturing facilities Engineering Bangalore Sales & Service Chennai 108 Associates 7 7 Sept 2015
Slide 8: About Thermax Limited
About Thermax Limited Global Solution Provider in Energy & Environment Engineering Competence in Power, Heating, Combustion, Cooling & Environmental Products Rated as the best promising entrant in to the big league at the India Business Leader Award 2012 Over 3500 employees (2100 qualified e
Slide 9: Milestones
Milestones •1966 : Started as Wanson India in Pune, manufacturing small coil-type packaged boilers (Vaporax), in collaboration with Wanson, Belgium. 1966- •1975 : Entered into the water treatment business. •1976 : Acquires Tulsi Fine Chemicals, which later became the Chemical division of the company
Slide 10: Our Business Profile
Our Business Profile Boiler & Heater Cooling Turkey Power Chemical Enviro Solar • Packaged Boiler. •Exhaust & multi- Plants •Ion exchange •ESP & bag filters •Heating energy filled •Solid fuel based resins •Large Capacity chillers •Scrubbers •Cooling power Boilers •Gas based •Cooling water (Combining
Slide 11: Some of our past and present Technology Partnerships
Some of our past and present Technology Partnerships Babcock & Wilcox, USA Balcke Dürr, Germany Taiheiyo, Japan Graver Water System LLC , USA • TEC Group Company •World’s leading water • More than 180 years of • Brand under SPX treatment company Combustion Experience Corporation • Over 50 years of •
Slide 12: Certifications & Associations
Certifications & Associations- Conforms to International Codes : Associated with Consultants ASME, BS, DIN, API, GOST, CE, JIS ISO 9001:2008, ISO 14001:2004 • Black & Veatch • BECHTEL • Toyo Engineering India Limited • Mott Macdonald • Development Consultants Private Limited • DAELIM • Fichtner • Sa
Slide 13: Thermax – International Presence
Thermax – International Presence Global Footprints Global Footprints South East Asia Presence in 13 + countries Middle East Close to 25 Business Associates across the Globe North America • Global Presence with a customer base of over 25,000 Europe Africa India Our international insta
Slide 14: Power Business
THERMAX POWER BUSINESS Sept 2015 tat
Slide 15: Our offerings- Power Sector
Our offerings- Power Sector 1.Turnkey/ EPC (Engineer–Procure–Construct) solutions Procurement Engineering Turnkey EPC of Power Construction Projects Commissioning Sept 2015
Slide 16: Our offerings
Our offerings 2. FEED (Front End Engineering & Design) for power plants in • Cogeneration Plants • IPPs • Captive Power Plants 3. Operation & Maintenance (O&M) for Power Plants • IPP • Cement • Steel • Chemical • Ferrous / Non Ferrous • Paper • Sugar 4. Power projects on BOOT (Build–Own–Operate–Tran
Slide 17: Our Experience in Power
Our Experience in Power • Turnkey solutions for setting up power plants (EPC) Spanning over 100 varied power plant projects and experience of contracting about 3000 MW of power plants on EPC basis. Project Commissioned- 76 Projects Projects Under Execution- 25 Projects Portfolio of Power Generat
Slide 18: International Presence – EPC Power projects
International Presence – EPC Power projects Bataan 2020 Inc National Cement Co Lamsan Inc Yemen Co of Sugar Refining Isabela Biomass Energy Corporation BIOCOL Textured Jersey Lamsan Ph2 Dangote Cement Ph 1 Dangote Ph 2 Austcane Evergreen Energy Overseas resources posted in • Kenya • Saudi Arabia • I
Slide 19: Our offerings- Boilers & Heaters
Our offerings- Boilers & Heaters Boilers offered under technical Boilers offered with In-house collaboration with Babcock & Wilcox, Technology USA Waste heat recovery boiler Heat recovery steam generator Waste gas fired boiler Utility boiler upto 800 MW Traveling grate boiler Packaged bo
Slide 20: Cooling Business
THERMAX Cooling Business Sept 2015
Slide 21: Our offering - Cooling Business
Our offering - Cooling Business • Direct Fired Chillers • Steam Fired Chillers • Hot Water Fired Chillers • Multi Energy Chillers • Ammonia Absorption Chillers • Heat Pumps • Established in 1984 in partnership with Sanyo 1988 – Technical Collaboration • Chiller Heater 1994 – Independent • More than
Slide 22: Waste Water Solution Business
Waste Water Solution Business Sept 2015
Slide 23: Our Offerings – Waste Water Solution
Our Offerings – Waste Water Solution - Raw Water Clarification / Pretreatment - Water Softening & Filtration - Demineralization - Reverse Osmosis - Seawater Desalination - Membrane based Systems - Cooling Water Treatment - Condensate Polishing - Effluent Treatment - Sewage Treatment Plant - Waste Wa
Slide 24: Our Offerings – Pollution Control Equipment
Our Offerings – Pollution Control Equipment • Bag Filters & Bag Houses •Flue Gas Desulphurisation (FGD) Systems • Electrostatic Precipitators (ESP’s) •Gas Cleaning Plants for Metallurgical Applications • Particulate & Gaseous •Coal & Pet coke Scrubbers Preparation Plants • Mechanical Dust •Coal Inje
Slide 25: Our distinctive competence
Our distinctive competence POWER BOILER & HEATER EFFLUENT WATER & WASTE WATER SOLUTIONS AIR POLUTION POWER CONTROL ABSORPTION COOLING FUEL POWER PLANT CHEMICALS EMISSIONS AIR COOLED CONDENSER OPERATION & MAINTENANCE Sept 2015
Slide 26: Concept of EPC
Concept of EPC Design RISK MITIGATION Detailed Engineering Turnkey Supply Project SINGLE POINT Management CONTACT Erection and Commissioning WORLD CLASS O&M Management EQUIPMENTS & SERVICES Performance Guarantee On Site Training Sept 2015
Slide 27: Case study – SAIL, RSP
Case study – SAIL, RSP • Part of crude steel expansion project at SAIL – RSP • Scope includes design, engineering, manufacture, supply, erection and commissioning of 3 x 100 TPH BF gas fired boilers, 2 x 18 MW STG, 1 x 6.5 MW BPTG and associated balance of plant. Sept 2015
Slide 28: Case study – Sesa Goa
Case study – Sesa Goa • 30 MW captive power plant on EPC basis for pig iron expansion project • Plant designed with waste heat recovery boilers having provision for external firing of coke oven gas. • Scope of work included river water intake system of 3 Km and BFG line of over 1 Km. Sept 2015
Slide 29: Preferred EPC Player
Preferred EPC Player 1 Leader in captive EPC power generation market in India In-house Manufacturing of key Project Equipment's 2 viz. Boiler, ESP, ACC & Water Solutions Experienced Professionals from Power majors 3 like Development Consultants, Black & Veatch Contracted more than 100 power 4 projec
Slide 30: Engineering
Engineering ESTABISHED ENGINEERING STRENGTH In-house expertise of Basic & Detailed Engineering Demonstrated experience In Sub Critical, Reheat, For Coal and Gas Plants • Team – 171 Engineers • Power and Energy With O&M Feedback Experts for Separate we Design Systems user Friendly Plants • 3D Smart P
Slide 31: Our IT Enablers
Our IT Enablers State of the art software such as Smart Plant 3D Modeling, GT Pro, Steam Pro etc to simulate data. Software such as CEASAR II & STAAD are used for piping stress & structural analysis Software such as ETAP for Electrical Load Flow Studies Advanced project management tools such
Slide 32: Project Management
Project Management PROVEN RECORD OF SUCESSFUL COMPLETION Ability to handle over 18 Projects simultaneously Use of Project Over 40 IPMA Management Tools Certified viz. Primavera Professionals Demonstrated experience of Working With Onshore Contractors Over 100,000 Man-hours of Project Management Expe
Slide 33: Project Management Team
Project Management Team Project Managers 23 Project Engineers 22 Planning engineers 7 Manhours/annum 112320 Sept 2015
Slide 34: Procurement
Procurement • 75,000 + sourcing man-hours per annum • Dedicated Team for Vendor Quality & Assessment • Global Sourcing Capability Gas / Steam Turbine & Generators GE, Siemens, Skoda, Fuji, Toshiba, Hitachi, Shin Nippon Booster Gas Compressors Atlas Copco, Mann-Turbo, Camaroon. Hitachi Electrical Sys
Slide 35: Construction & Supervision
Construction & Supervision Piling Rigs in Action Sea Water Intake Mechanical Erection Well Point Dewatering Sept 2015
Slide 36: Construction Team
Construction Team Mechanical 82 Civil 43 Electrical 41 Instrumentation 11 Safety 14 Manhours/annum 421500 Commissioning Manhours/Annum 69100 Sept 2015
Slide 37: Health Safety & Environment
Health Safety & Environment Certified for OHSAS:18001 (Occupational Health Safety Assessment Series) and ISO:14001 (Environment Management System) International Standard for continuous improvement in Health, Safety and Environment Sept 2015
Slide 38: Safety Achievements - OMPL
Safety Achievements - OMPL Thermax has achieved award for the Best Safety Conscious Contractor for 3rd time(Apr13). The competition was 20 leading companies. Sept 2015
Slide 39: Safety Achievements – JK Paper
Safety Achievements – JK Paper Best Safety Conscious Contractor -2013 Sept 2015
Slide 40: Safety Achievements – SAIL, RSP
Safety Achievements – SAIL, RSP Letter of appreciation for 5.5 million safe man-hours without LTI Sept 2015
Slide 41: Safety Achievements – Ultratech Cement
Safety Achievements – Ultratech Cement Sept 2015
Slide 42: Safety Achievements – Reliance CSP Project
Safety Achievements – Reliance CSP Project Sept 2015
Slide 43: Quality Management
Quality Management Quality Policy “Our quality policy starts and ends with the customer as a focal point: understanding the customer's requirements, designing optimal solutions to meet those requirements, building systems and processes in place to ensure quality at every stage, and achieving our com
Slide 44: Quality Management
Quality Management Inspection as Quality Manual approved QAP QualityQuality Vendor & Sub Site activities as per Contractor approved Field QAP’s Evaluation Vendor, site Audits Sept 2015
Slide 45: Awards & Key Achievements
Awards & Key Achievements Asian Power Awards 2012 Thermax Limited awarded gold prize for 1 x 12.5 MW Bataan 2020 Philippines, in the best biomass cogeneration plant of the year category by Asian Power Awards in Oct 2012 Multiple bonus recipient – •Rs. 6 Crores from DCW for Power plant performance •R
Slide 46: Coal Based Projects
Coal Based Projects Meenakshi Energy Private Limited, 300 MW, Andhra Pradesh, India • Tolling project executed on EPC basis in the coastal area of Andhra Pradesh • Consultant: Evonik Energy Services (India) Pvt Ltd • Configuration : 2x150 MW coal fired Independent Power Plant • 2x 495 TPH Thermax CF
Slide 47: Coal Based Projects
Coal Based Projects Indian Metal & Ferro Alloys Limited, 120 MW, Orissa, India • Captive power project to meet the power requirement of 2.7 lac tonnes per annum Ferro Alloy Plant • Consultant: DCPL • Configuration: 2x60 MW • 2x240 TPH Thermax Make CFBC boiler ( 101 kg/cm2, 540 ± 5°C) with 2 nos. pur
Slide 48: Gas Based Projects
Gas Based Projects Arvind Mills, 2x27.5 MW, Gujarat, India • Combine cycle power plant • Consultant : Black & Veatch • Gas Turbine: GE (PGT-10) • Fuel : Natural Gas/ Naptha • 2 No. of Thermax HRSG & 1x6.5 Mw steam turbine; 2-2-1 combination per unit • First ever Tri-generation plant with inlet air c
Slide 49: Gas Based Projects
Gas Based Projects ONGC Mangalore Petrochemical Refinery Ltd., 72 MW, Karnataka, India • Combine cycle power plant • Consultant : Toyo Engineering • Gas Turbine: Hitachi (H-25) • Fuel : Natural Gas / HSD/ LSHS • 2x100 TPH Thermax HRSG; Steam Turbine: Shin Nippon 1x28 MW; 2-2-1 configuration • 2x140
Slide 50: Gas Based Projects
Gas Based Projects North East Electric Power Corporation, 46 MW, Tripura, India • Open cycle to close cycle conversion • 4 existing Gas Turbine - GE Frame-5 Machine • 2x23 MW bottoming cycle • 4x45 TPH Thermax HRSG (64 Kg/cm2, 480 Deg C); • Steam Turbine: Siemen 2x25 MW; 4-4-2 configuration • Projec
Slide 51: Biomass Based Projects
Biomass Based Projects Kalpataru Power Transmission Limited, Rajasthan, India • 7.8 MW IPP Operation Since 2003 • First biomass & first project from India to be registered with UNFCCC for Clean Development Mechanism (CDM) with CERs in excess of 40,000 Tons of carbon equivalent in the first year itse
Slide 52: Biomass Based Projects
Biomass Based Projects Bataan 2020, Philippines • 12.5 MW Cogeneration plant for a leading paper manufacturer in Philippines – Operation since 2003 • 100% Rice husk fired Thermax AFBC boilers of 78 TPH (66kg/m2, 490± 5°C) • 1 no. Shin Nippon Turbine make with control breed extraction • Operation & M
Slide 53: Industrial Based Projects –Steel
Industrial Based Projects –Steel Steel Authority of India, 42.5 MW, Rourkela, Orissa, India • Part of crude steel expansion project at SAIL • Configuration : 2x18 MW + 1X6.5 MW • 3X100 TPH Thermax Blast Furnace Gas Fired Boilers (62 Kg/cm2, 485 Deg C); • Steam Turbine make: Shin Nippon • Thermax awa
Slide 54: Waste heat recovery based projects –Sponge Iron
Waste heat recovery based projects –Sponge Iron Sree Metaliks (P) Ltd., Orissa, India • 8 MW captive Power Plant operational since 2004 & 20 MW Power Plant operational since 2007 • Configuration • 8 MW Power Plant based on waste heat from 4 x 100 TPD Sponge Iron kilns 4 x 9.6 TPH / 45 Ata / 420 Deg
Slide 55: Waste heat recovery based projects- Sponge Iron
Waste heat recovery based projects- Sponge Iron Tata Sponge Iron Ltd., Orissa, India • 18.5 MW Power Plant to meet the Power requirement of a sponge iron unit & also export power to grid • Configuration • 2x78 TPH Waste Heat Recovery Thermax Boiler (46 kg/cm2, 485 Deg C) and • 1 x 18.5 MW condensing
Slide 56: Industrial based projects - Cement
Industrial based projects - Cement Madras Cement Limited, India • 72 MW Captive Power Plant for their existing cement plants at Alathiyur and Jayantipuram, • 36 MW at Alathiyur operational since 2005 • 36 MW at Jayantipuram operational since 2008 • Thermax awarded a second repeat order for executing
Slide 57: Industrial based projects - Cement
Industrial based projects - Cement J K Cement Limited, Nimbahera India • 22 MW Captive Power Plant for cement plants & 15 MW from cement waste heat kiln • First project of its kind in India to be registered with UNFCCC for CDM benefits • Configuration : • 22 MW CPP : 89 TPH AFBC Boiler (89kg/cm2, 51
Slide 58: Manufacturing & Assembly Facilities
Manufacturing & Assembly Facilities Pune, India Paudh, India Shirwad, India • World Class facilities for Hot rolling (Max 200 mm thk), Cold Rolling (Max 130 mm thk) & Coil Strip welding • Dedicated manufacturing plants for Air Cooled Condensers, HRSG & Coil bending Savli, India Danstoker, Denmark So
Slide 59: Advantage Thermax
Advantage Thermax IPMA (QPMP) Certified Project Managers to ensure timely completion of Projects Capability to handle more than 18 projects concurrently Projects designed to Guaranteed Power meet international Plant Availability & Portfolio of More than Project standards like ISO, ASME, Perf
Slide 60: Thermax advantage
Thermax advantage Over 100 Projects on EPC Recipient of many bullet bonuses Wrap Around Guarantees Ability To attract Fixed Cost and mobilize & Schedule resources 35 - 40% Equipments Alliance with manufactured reputed In house vendors Sept 2015
Slide 61: Key considerations for choosing EPC contractor
Key considerations for choosing EPC contractor • Is the EPC Company willing to take single point responsibility for executing the project? • Does the EPC Company have a successful track record of executing similar type of challenging projects and handling similar fuels? • Does the EPC Company have t
Slide 62: Thank You
Thank You For further details: Vivek Taneja Head of Business Development Ph: +91 20 66414814 (D) ; 66414000 (B) Email: [email protected] www.thermaxglobal.com Disclaimer : This presentation is for information purpose only and Thermax reserves the right to alter or change specifications