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.
Towards Growth: Government initiatives driving sector development
In April 2017, the central government gave wing to its ambitious Regional Connectivity Scheme (RCS) by launching flights from Shimla, Nanded and Kadapa airports. The move is reflective of the intent of the government to […]
Fillip to Growth: Telecom policy and regulatory developments
The telecom sector has witnessed a slew of policy and regulatory developments during the past year. Some of the most notable among these were the release of the Draft Indian Telecommunication Bill, the National Frequency […]
Falling Prices: Domestic and import price trends for oil and gas
The oil and gas industry across the globe has observed significant volatility in prices in recent times. Both crude oil and natural gas prices have exhibited a decline owing to a huge glut in supply. […]