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

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

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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.

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

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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.

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

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

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

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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.

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The NFO is available for subscription from March 21 to April 02, 2025.

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