Over the next two years, the defence PSU will work with ISRO to absorb and indigenise the technology before shifting into a decade-long production cycle.
Out of the total orders, the company expects to execute projects worth $23.28 million (₹204.86 Crore) by Q4 FY26.
This was a major block deal for Kotak Bank. In the large trade, about 3.22 Crore shares changed hands worth ₹6,256 Crore.
Of the fresh proceeds, the company plans to deploy around ₹340 crore for debt repayment, while the rest will be set aside for general corporate purposes.
The MoU was signed in the presence of Union MSME Minister Jitan Ram Manjhi. PhonePe said the facility will soon be made available on the PhonePe Business app.
At around 2.08 PM, Godrej Properties was trading 1.53% higher at ₹1,979.50 per piece, against the previous close of ₹1,949.70 on NSE.
JSW Steel and Maruti Suzuki hits 52-week high in Nifty.
It’s IPO of INR 19000 million is primarily aimed at providing liquidity to existing investors.
LIC took a sharp cut on NBP growth in August, but it was the private insurers that steadied the ship
The IPO is expected to enhance operational presence by funding capex and strengthening balance sheet.
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