Thyssenkrupp Industries India (TKII) projects its revenue to surge to ₹9,600 crore by 2030, fuelled by a robust order book and significant growth opportunities in key industrial sectors. The German engineering giant recently transferred its Indian operations to its long-term Indian partners, Paharpur Cooling Towers and Protos. The transition of business ownership is currently underway.
Despite the shift, TKII retains a strong linkage with thyssenkrupp Polysius in the cement sector, due to a perpetual license for Polysius technology. Furthermore, TKII will continue to provide back-office engineering and manufacturing support for thyssenkrupp’s global operations from India.
The collaboration ensures that Indian operations benefit from cutting-edge technologies while offering essential support to thyssenkrupp’s global network. With an order book valued at ₹5,500 crore and a current turnover of ₹3,200 crore, the company anticipates its revenue to reach ₹9,600 crore by 2030, bolstered by a strong order book and a revival in private capital expenditure.
Vivek Bhatia, MD and CEO of TKII, mentioned that the company is venturing into new technologies and has partnered with Valmet to offer digital charging solutions in the energy sector. The company is also prioritizing fuel flexibility and sustainability by providing boilers capable of utilizing a variety of fuels, including biomass, hydrogen, and chlorine bypass boilers to enhance the use of alternative fuels in the cement industry.
TKII has received orders for implementing waste heat recovery systems in cement plants as part of their green initiatives. In the sugar sector, the company is shifting from traditional sugar equipment to becoming a player in the biochemicals industry.
The brand is also exploring opportunities in bio-CNG, sustainable aviation fuel, polylactic acid, and other biomass derivatives. The strategic shift aims to leverage the increasing demand for sustainable and green solutions within the industry. As reported by thehindubusinessline.com, the new ownership by Paharpur and Protos brings additional synergies and enhances execution capabilities, especially in cooling solutions and EPC project execution.
