News Overview

An industry veteran of over 30 years, he has worked across sectors including cement, construction, power and heavy metals and this experience will be an asset to the company.

The second, valued at ₹255 crore, is for the Dholpur-Bina section in the North Central Railway’s Jhansi Division.

The newly awarded contracts will help enable troop transportation, logistics & other specialized mobility requirements in support of the CIWS programme

The Yelahanka project will have approximately 1.5 million square feet of saleable area and will comprise primarily premium residential apartments and high-street retail.

It consists of a 198 km railway line in the Ratlam and Bhopal divisions of the Western and West Central Railways in Madhya Pradesh.

The minimum agreed tariff to supply power is ₹2.57 per kilowatt-hour (kWh), which is expected to be a competitive tariff in the renewable energy sector.

The case highlights broader challenges for infrastructure and power sector companies involving contract execution, payment disputes and financial recoveries.

In the last few years, the firm announced a dividend of ₹5 a share in 2024 and ₹4 a share in 2023.

Successful investors remain composed during market fluctuations, steering clear of panic-driven selling.

According to the DRHP, the IPO consists a fresh issue of equity shares worth ₹500 crore and an offer-for-sale (OFS) of ₹80 crore.