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Better placed than other cos in segment, says Thermax

MD of Thermax believes that shrinking margins, increasing competition and commodity costs affect all, but they are ‘better placed than other companies in the capital equipment segment.’

October 03, 2011 / 19:09 IST
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On the back of shrinking margins, increasing competition and commodity costs, Citigroup recently downgraded Thermax to a sell. Managing director MS Unnikrishnan believes that these problems are not only associated to the company but the sector as a whole, and goes on to say that they are

first published: Oct 3, 2011 04:27 pm

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