Gensol’s role will cover the complete project lifecycle, including land acquisition, design, engineering, procurement, logistics, and construction.
The IPO consists of both a new issue of equity shares valued at Rs 800 crore and a promoter's offer to sell shares valued at Rs 1,400 crore.
Welspun plans to execute these orders within FY25 and FY26, reinforcing its presence in both domestic and international markets.
According to futures, there is an 83% possibility of a move of the same magnitude in December and a 99% chance of a quarter-point decrease to 4.50%–4.75%.
At $74.24, Brent futures increased by $1.14, or 1.56%, a barrel. At $70.63, U.S. West Texas Intermediate (WTI) crude also increased by $1.14, or 1.64%, per barrel.
While the August PCE inflation was upped to 2.3%, the Sep-24 PCE inflation at 2.1% is almost on target
This divestment finalizes the agreement signed on July 15 between HUL and A.O. Smith, aimed at boosting A.O. Smith’s product portfolio and distribution across India.
The Building Division secured the largest contract share, worth ₹2,694 Crore, followed by the Electrical Division with projects valued at ₹538 Crore.
Spot gold increased by 0.1% to $2,738.32 an ounce. On Thursday, the price of gold reached a record high of $2,790.15.
The Shapoorji Pallonji Group company launched its IPO on October 25, raising ₹5,430 crore through fresh shares and an offer for sale

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