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Inox Green Energy plans to launch Rs 740-cr IPO in next 30-45 days: CEO

Inox Green Energy Services, a subsidiary of Inox Wind, is planning to come out with its Initial Public Offering (IPO) by October this year to raise Rs 740 crore to fund its expansion plans.

The company will focus on the Indian market initially and plans to tap the overseas market after establishing itself in this country, Inox Wind Chief Executive Officer (CEO) Kailash Lal Tarachandani told PTI.

Adani Ports signs agreement with SPMK to enhance Haldia Dock's capacity

Japanese tyre maker Bridgestone is looking to scale up its manufacturing capacity by over 10 per cent next year amid the demand surge in both OEM and aftermarket segments, the company's India head, Parag Satpute has said.

He also said that the company is working on rolling out its EV tyre technology in the domestic market, which is expected to see a higher penetration of electric vehicles amid the government's increasing push for green mobility.

Amara Raja bets on EV sector; expects turnover to touch Rs 3,000 cr by 2025

Amara Raja Group - the second-largest automotive battery player in the country - is set to train its sights on the electric vehicle (EV) sector, renewable energy markets, and energy storage systems. It also expects the infrastructure and power business - expected to be merged by the end of this financial year (2022-23, or FY23) - to more than double its turnover from Rs 1,200 crore to Rs 3,000 crore by 2025,said a senior company executive.

The $1.3-billion group will be investing around Rs 7,000 crore in lithium-ion, while continuing its focus on traditional lead acid batteries. In addition to offering its battery packs to battery EVs, the company is also offering battery packs to other applications like energy storage

NCLT approves merger of Exide Life with HDFC

Life, holds 4.1% stake HDFC The National Company Law Tribunal (NCLT) on Friday approved the merger of Exide Life Insurance with HDFC Life Insurance. The Scheme of Amalgamation was approved by the Mumbai bench of NCLT, HDFC Life Insurance said in a regulatory filing.

Earlier this year, HDFC Life had announced acquisition of 100 per cent stake in Exide Life from its parent Exide Industries after issuing over 8.7 crore shares at an issue price of Rs 685 and a cash payout of Rs 726 crore, aggregating to Rs 6,687 crore.

JSW Ports repays Rs 862 cr; to be net debt-free in 2-3 yrs: CFO JSW Infra

The second-largest private sector port operator JSW Ports, which has completed capacity expansion at an investment of Rs 4,000-crore, eyes to be a net-debt-free company over the next two-three years having already pared Rs 862 crore so far this fiscal.

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The company financed the repayments of higher-cost rupee loans from a consortium of lenders, which were priced at 9.5 per cent, partly with internal accruals and the rest from the USD 400-million overseas bond issuance in February this year, Lalit Singhvi, the chief financial officer and a director at JSW Infrastructure, the fully-owned arm of the Sajjan Jindalrun JSW Group and the holding company of the ports business, told PTI

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Please refer disclaimer at http://www.aretesecurities.com/
SEBI Regn. No.: INM000012740

Above views are of the author and not of the website kindly read disclaimer