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The project will facilitate evacuation of up to 4.5 gigawatt (GW) of pumped storage potential in Maharashtra and strengthen the inter-regional transmission corridor between Western and Southern grids, according to the company's press release.
Under the HEG demerger scheme, the company's graphite electrodes business will move into the resulting company, HEG Graphite Limited, which is proposed to be renamed HEG Limited and taken forward as a separately listed, pure-play graphite electrodes company.
The IPO, which opened for subscription on Monday, is being offered at a price band of Rs 50-53 per equity share.
The engine will power HAL's planned Indian Multi-Role Helicopter and its naval variant.
With bidding closing August 27, Hy-Tech Engineers leads the IPO pack with a stellar 71.7% GMP and 29x subscription. Here's how the three issues compare.
India seeks deeper Japan startup ties as Piyush Goyal pitches deeptech funding, co-investments and a 'Shark Tank'-style platform.
Kotak AMC's Nilesh Shah says Indian equities remain fairly valued, not cheap, and investors chasing outsized gains should look elsewhere.
The offering currently includes the Parag Parikh IFSC S&P 500 Fund of Fund and the Parag Parikh IFSC Nasdaq 100 Fund of Fund, providing investors access to some of the world's largest equity markets.
Overall, card issuance remained healthy across most issuers, while spending trends were mixed.
Jefferies says proposed extensions for Gujarat port concessions could support capacity expansion and provide greater visibility for Adani Ports.
