Sales decline 75.97% to Rs 0.31 crore
Gautam Solar plans Rs 1,000 crore IPO to expand manufacturing capacity (15-10-2024)
Gautam Solar on Tuesday said it plans to raise Rs 1,000 crore through Initial Public Offerings (IPO) in next 12 to 18 months in order to fund its 2 GW solar cell manufacturing project.
The proposed solar cell line is part of the company’s plan to expand its solar module manufacturing capacity to 5 GW by 2025, Gautam Solar said in a statement.
“Rs 1,000 crore solar cell expansion plan will be funded through an IPO to be launched in the next 12-18 months, supporting further development and innovation,” it said.
This expansion will occur in three phases, with the first phase set for completion in November 2024, followed by the second and third phases in January and April 2025, respectively.
According to the company, the IPO will drive the company’s growth by setting up a 2 gigawatt (GW) solar cell manufacturing plant to bolster solar module production and achieve the 5 GW target within the stipulated time.
“As India targets achieving 500 GW of renewable energy by 2030, our expansion
Angel One inducts Arief Mohamad as Chief Business Officer – Direct Business (15-10-2024)
Angel One announced the onboarding of Arief Mohamad as Chief Business Officer – Direct Business. This strategic addition is set to strengthen the company’s leadership team, driving innovation and growth in the ever-evolving financial technology landscape.
Stock market update: Stocks that hit 52-week lows on NSE in today’s trade (15-10-2024)
HDFC Life, Bajaj Auto, Wipro, Bajaj Finance and Hindalco were among the top losers on NSE in today’s trade.
Sebi raises F&O position limits to above Rs 7,500 crore or 15% of total OI (15-10-2024)
Capital market regulator Securities and Exchange Board of India (Sebi) has raised the position limits for trading members in index Futures & Options contracts to 15% of the total open interest (OI) in the market or above Rs 7,500 crore.
EC announces poll dates for Maharashtra, Jharkhand (15-10-2024)
By-elections will be held for 48 assembly seats and two Lok Sabha seats spread across 15 states on November 13 and November 20.
HDFC AMC hits life high as PAT rises 32% YoY to Rs 577 cr in Q2 (15-10-2024)
HDFC Asset Management Company added 1.46% to Rs 4,548.65 after the company’s standalone net profit jumped 31.84% to Rs 576.88 crore on 38.23% increase in total income to Rs 1,057.82 crore in Q2 FY25 over Q2 FY24.
Stock market update: Fertilisers stocks up as market falls (15-10-2024)
The 30-share BSE Sensex closed down 152.93 points at 81820.12