News Overview

Revenue from operations also saw growth, rising by 10.9% to ₹1,301.5 Crore from ₹1,174.1 Crore in the corresponding period of the previous fiscal year

Man Industries specializes in producing submerged arc welded carbon steel pipes with large diameters, making it a key player in the global line pipe market.

The fund-raising will be done through qualified institutions placement (QIP) or any other permissible modes and/or combinations.

The company saw an 18.3% increase in revenue compared to the same quarter last year (YoY).

According to a statement from Suzlon Group, the order would be carried out at two locations in Rajasthan and Gujarat.

The company is also planning to invest ₹1,000 Crore this year to establish new facilities for fans, lights, freezers, and cables.

The alliance aims to provide convenience to EV customers by boosting the availability of EV chargers during long-distance and intercity travels.

Meanwhile, state-owned Indian refiners have been turning to spot markets for Russian oil because they were unable to finalise term supplies for this year.

Investors with a very high-risk appetite who want to invest in special situations should invest in the JM Small Cap Fund for 7 or more years.

The BSE Midcap index declined by 0.18%, while the Smallcap index rose by 0.30%.