Thyssenkrupp Industries India Projects ₹9,600 Crore Turnover by 2030.

Thyssenkrupp Industries India (TKII) aims to triple its turnover to ₹9,600 crore by 2030, driven by a robust order book and growth opportunities in core industrial sectors.

The German engineering company recently sold its Indian business to long-standing partners Paharpur Cooling Towers and Protos and is in the process of transitioning ownership. Despite this change, TKII retains a strong connection with thyssenkrupp Polysius through a perpetual license for Polysius technology and will continue to support thyssenkrupp’s global operations from India.

This ongoing partnership ensures that TKII benefits from advanced technologies while providing essential support to thyssenkrupp’s global network. Currently, TKII holds an order book of ₹5,500 crore and reported a turnover of ₹3,200 crore. With a revival in private capital expenditure and a solid order book, the company anticipates its revenue will reach ₹9,600 crore by 2030.

Vivek Bhatia, MD & CEO of TKII, stated that the company is exploring new technologies and has partnered with Valmet to offer digital charging solutions in the energy sector. TKII is also focusing on fuel flexibility and sustainability, providing boilers that can utilize a range of fuels from biomass to hydrogen, and chlorine bypass boilers to increase the use of alternative fuels in the cement industry.

The company has received promising orders for waste heat recovery systems in cement plants as part of green initiatives. In the sugar sector, TKII is transitioning from a traditional sugar equipment provider to a biochemicals player, exploring opportunities in bio-CNG, sustainable aviation fuel, polylactic acid, and other biomass derivatives. This shift aims to capitalize on the growing demand for sustainable and green solutions.

Mining remains a significant part of TKII’s business, driven by strong demand for new equipment and electrification solutions. With over 150 new mines being auctioned, there is substantial demand for innovative and cost-effective mining solutions. TKII is also active in the material handling sector, pursuing new projects in ports, underground mining, and aggregate crushing equipment.

The new ownership by Paharpur and Protos brings additional synergies and execution capabilities, especially in cooling solutions and EPC project execution, enhancing TKII's overall capabilities and market reach.

HBL