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.
New Heights: Airport infrastructure, passenger and freight traffic growing apace
The year 2016-17 has been a positive one for the Indian aviation sector, with the growth in passenger and freight traffic being maintained, and new routes being opened up under the Regional Connectivity Scheme (RCS). […]
MNRE establishes efficiency standards for solar modules, inverters, and batteries
The Ministry of New and Renewable Energy (MNRE) has issued the Solar Systems, Devices, and Components Goods Order, 2025, setting performance standards for solar modules, inverters and storage batteries. The order aims to improve the […]