The company plans to raise Rs 20,000 crore from follow-on public offer.
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US markets closed strongly in the green yesterday.
Strong, all-round performance likely
Recommendation: Add; Target price: Rs 4225
The company will make this investment by 2030.
Orders secured for transmission uprate projects, high-performance conductors and EHV cables during the period April 2022- December 2022
Company’s Net Profit declined to Rs304.17 crore in Q3FY23, down by 15.15% yoy.
The fund aims to amass $1 billion in AUM over the next five years and is targeting a first close in coming quarters.
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