News Overview

The company announced that it has entered into an agreement with the Ministry of Defence's purchasing wing to build and deploy six Next-Generation Offshore Patrol Vessels (NGOPVs).

Pramod Agrawal is a former Madhya Pradesh cadre IAS officer who served as Coal India Chairman.

The IPO comprises a fresh issue of 47 lakh shares worth Rs 400 crore and an offer-for-sale (OFS) of 71.59 lakh shares worth Rs 608.59 crore.

As analysts of IIFL Capital Services look at FY25, they expect volume growth to stay muted at mid single-digit (on an average), which should drive a 15% Ebitda growth in FY25.

The project will be carried out by Suzlon with a supply, supervision, and commissioning scope. Suzlon will also provide maintenance and operation services after commissioning.

Electricity consumption growth slowed to 6%YoY; bitumen consumption declined 24%YoY in Nov after double-digit growth in recent months.

Although Ipca’s execution in the India market remains strong with 300-400bps outperformance vs IPM, the expected ramp-up in Unichem’s profitability and US market is already built in their estimates.

At a floor price of Rs 427, a block deal of 1.78 crore shares, or 2.86% of Nippon Asset Management Company's equity, was traded on the markets.

AstraZeneca Pharma India Limited's shares were last traded at Rs. 4677.40 on the BSE, up from the previous close of Rs. 4616.00.

Analysts of IIFL Capital Services estimate 19% EPS Cagr over FY23-26.