Thermax Ltd., a major player in the Indian engineering sector, has recently acquired Buildtech Products India Pvt Ltd for approximately Rs 72 crore. This acquisition allows Thermax to enter the construction chemicals market and expand its portfolio in the energy, environment, and chemical industries.

Buildtech, founded in 1995 and based in New Delhi, is well-established in the infrastructure and construction sectors, offering a wide range of products such as accelerators, plasticizers, and PVC membranes. The company has notable clients including the National Highway Authority of India (NHAI) and the National Hydroelectric Power Corporation (NHPC).

This acquisition is part of Thermax's strategic growth plan to enhance its production capabilities and distribution network across India. Singhi Advisors served as the sole strategic financial advisor for this transaction.