News Overview

The project shall be implemented on a Build, Own, Operate, and Transfer BOOT basis. The company received the letter of intent (LoI) for the project on November 25, 2024.

The agreement was signed by Diego Graffi, Chairman & MD of Piaggio Vehicles, and Ravi Chawla, MD & CEO of Gulf Oil Lubricants India.

The joint venture will comprise Future Generali India Insurance Company Ltd (FGIICL) and Future Generali India Life Insurance Company Ltd (FGILICL).

Binod Kumar, who is the Executive Director at Punjab National Bank, is to take SL Jain's place. Jain will retire next month.

The scheme forms a part of a larger construction program of a multi-tracking Broad Gauge (BG) railway line.

The listed company sold properties worth ₹7,200 Crore in the last fiscal year and is targeting ₹10,000 Crore this fiscal year.

In the broader market BSE small cap index is trading with a 1.89% gain. whereas BSE Midcap index is trading with a 1.84% gain.

The IPO's price band has been set between ₹140-148 per share.

BSE's intention to broaden its F&O products is consistent with its objective to boost investor involvement and market depth.

So far this year, this defence player's stock has increased by 42%, compared to a 10% increase in the benchmark Nifty 50.