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.
Tapping Potential: Opportunities in the upstream sector
India’s energy landscape is evolving rapidly due to increasing demand, urbanisation and industrial growth. Given its economic expansion, energy demand is expected to double by 2050, with an average growth of 2.4-2.6 per cent per […]
Views of A.K. Tiwari: “PNG has become a policy priority”
India’s city gas distribution (CGD) sector has witnessed notable expansion over the years, driven by supportive government policies and rising demand. The Petroleum and Natural Gas Regulatory Board (PNGRB) has authorised 307 geographical areas (GAs) […]
