Quality Power Electrical Equipments Limited, an energy transition equipment and power technologies provider, is set to launch an IPO worth Rs 8.59 billion. The IPO comprises a fresh issue of 5.3 million shares valued at approximately Rs 2.25 billion and an OFS of 14.9 million shares aggregating around Rs 6.34 billion. The issue price band ranges between Rs 401 and Rs 405. The proceeds from the offering will be used for capital expenditure requirements, the acquisition of Mehru Electrical and Mechanical Engineers, funding inorganic growth through acquisitions and other strategic initiatives.
EEDL signs SPA to acquire 100 per cent stake distribution company in Chandigarh
Eminent Electricity Distribution Limited (EEDL), a wholly owned subsidiary of CESC Limited, has signed an SPA with Chandigarh Power Distribution Limited (CPDL) for the acquisition of 100 per cent equity in the distribution company for […]
Sustained Momentum: Key developments in the roads and bridges sector
The past year has witnessed remarkable progress in India’s road sector, reflecting the country’s commitment to road modernisation. The centre has implemented various reforms and measures to address long-standing issues. In addition to its continuing […]
Ambitious Targets: Initiatives to increase the modal share of railways in freight movement
The robust development of rail freight infrastructure plays a crucial role in logistics movement and supply chains in India. The modal split of freight transportation varies based on geography, nature of commodities, legal and regulatory […]