MintLean R·
Thermax’s H2 recovery bet runs into old execution hurdles
Despite emerging growth drivers in data centres, chemicals, and utility power, a valuation re-rating remains unlikely until execution and margins stabilize.
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Thermax’s H2 recovery bet runs into old execution hurdles
Despite emerging growth drivers in data centres, chemicals, and utility power, a valuation re-rating remains unlikely until execution and margins stabilize.
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