The factory will be constructed over 100 acres in phases, with Ather planning to invest ₹1,000 Crore on it, according to the article.
This continued upward trend reflects a positive market sentiment and robust investor confidence across various sectors.
According to the company, the parties will sign a commercial supply agreement under which Ingenus will deliver the product to Dr. Reddy's USA.
Executives from Indian Oil, Hindustan Petroleum, GAIL, and Reliance BP Mobility Ltd. attended the conference, which was arranged by the Petroleum and Natural Gas Regulatory Board (PNGRB).
However, shareholders rejected the idea last month, with 57.18% voting against the ordinary resolution and 42.82% voting in favour.
Broader market indices were in the green, with BSE SmallCap up 0.79% and BSE MidCap up 0.76%.
BNP Paribas Financial SNC will partner with Bain Capital on this transaction. According to sources, the deal is valued at ₹1,500 Crore as a base price.
For the January-March quarter, the company's interest income was ₹3,322.60 Crore, with Net Interest Income (NII) at ₹1,909 Crore, a 14% year-over-year increase from ₹1,679 Crore.
Gensol Engineering, was the successful bidder for Gujarat Urja Vikas Nigam Ltd's standalone battery energy storage systems project.
Spot gold was down 0.5% at $2,310.89 an ounce. Prior to the release of the report, prices dropped as low as $2303.84. At $2,326.90, gold futures were down 1.2%.
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