# Thermax CEO on data centres and biomass growth

> Thermax CEO says data centres will be one of largest segments for growth.
- Title: Thermax CEO on data centres and biomass growth | Shortify
- Summary: Thermax CEO says data centres will be one of largest segments for growth. Thermax expects data centres to become one of its largest business segments within…
- Keywords: thermax, ashish bhandari, data centres, biomass, rs 600 crore, rs 100 crore, west asia crisis, business, money, news, CEO, data
- Source: Financialexpress — https://financialexpress.com/business/news-data-centres-will-be-one-of-the-largest-segments-for-us-thermaxs-ashish-bhandari-4356919
- Author: Raghavendra Kamath
- Published: 2026-10-08T17:28:48+00:00
- Read time: 1 min
- Topics: thermax, ashish bhandari, data centres, biomass, rs 600 crore, rs 100 crore, west asia crisis, business, money, news
## Thermax launches intelligent biomass boilers
Pune-based Thermax launched intelligent biomass-fired boilers and heaters to extend intelligent capabilities across its portfolio.
## Biomass business grows to Rs 600 crore
Thermax's biomass business expanded from Rs 100 crore in 2021 to Rs 600 crore, with plans to cross Rs 1000 crore this year.
## Data centres expected to be major growth segment
Thermax expects data centres to become one of its largest business segments within two to three years, with over 30% of orders international.
## West Asia crisis impacts shipping and freight
The West Asia crisis disrupted shipping and increased freight rates, affecting revenues but expected to generate pent-up demand once conflict ends.
## Key takeaway

Thermax expects data centres to become one of its largest business segments within two to three years, with current biomass business growing from Rs 100 crore to Rs 600 crore.