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– The issue comprises a fresh issue worth up to INR 5,000 million together with an offer for sale of up to INR 7,500 million.

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Both contracts also involve architectural finishing, water supply, sanitary systems, and drainage works for stations along the Danapur-Khemnichak Corridor.

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Following the latest infusion, TSHP will remain a wholly owned foreign subsidiary of Tata Steel, the company said in a filing with stock exchanges.

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The block, spread over 3.38 sq km in Adilabad district, has been offered under a composite licence, which permits both prospecting and mining operations.

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The company operates an extensive dealer network of more than 1,250 dealers across 29 of Bihar’s 38 districts

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The campaign will continue until October 1, with fresh booking slots opening daily at special Muhurat times.

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The Government nodded to the project this year in August 2025. The commercial contract will today be formally signed, stated the sources.

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This EPC-based project is scheduled for completion in 42 months.

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Reports suggest that the floor price for the deal has been fixed at ₹7,300 per share. This is at a 3.10% discount against the previous trading price.

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The company said the notification will soon be formalised into a signed agreement.

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