The company also said it has achieved several milestones in the last financial year that has helped it set the tone for its next phase of growth.
In an interview to CNBC-TV18 Neeraj Kumar Gupta, Secretary, Department of Investment and Public Asset Management (DIPAM) spoke about his views on Central Public Sector Enterprises Exchange Traded fund (CPSE ETF).
Farm recovery may be delayed despite a favourable monsoon this year and India needs more such spells because drought in the last two years has created much more severe stress, the latest report from India Ratings and Research said
"India's entertainment and media sector is expected to grow steadily over the next four years. The industry is expected to exceed USD 40,000 million by 2020 growing at a CAGR of 10.3 percent between 2016 and 2020," PwC's Global Entertainment and Media Outlook 2016-20 said.
On future acquisitions, Unnikrishnan says Thermax is focusing on biomass and alternate energy recourses for inorganic growth, both domestically and internationally
Voltas, India‘s leading air conditioner brand, has planned to foray into the air coolers business.