In Short : The Indian Electronics and Semiconductor Association (IESA) highlighted a ₹1,500 crore critical mineral recycling scheme designed to transform India’s recycling sector. The initiative offers both capital expenditure (Capex) and operational expenditure (Opex) subsidies to promote efficient recovery of critical minerals. It aims to boost domestic supply, reduce import dependence, and strengthen the […]
Inox Wind Launches ₹1,249 Crore Rights Issue to Fuel Growth and Cut Debt – EQ
In Short : Inox Wind plans to raise ₹1,249 crore via a rights issue, offering shares at ₹120 each—a 27% discount to market price. The issue opens on August 6 and closes on August 20, with a 5:78 entitlement ratio. Funds will be used to strengthen the company’s balance sheet, repay debt, and support business […]
IREDA Reports Highest Ever PAT of ₹1,699 Crore for FY 2024-25, First Company in the NBFC and Banking Sector to Announce Audited Results – EQ
In Short : IREDA has reported its highest-ever annual Profit After Tax (PAT) of ₹1,699 crore for FY 2024–25, becoming the first in the NBFC and banking sector to announce audited results. This milestone reflects strong financial performance and a commitment to transparency, with IREDA releasing its results just 19 days after the fiscal year […]
ONGC Green Strengthens Renewable Portfolio with ₹1,179 Crore Acquisition of PTC Energy – EQ
In Short : ONGC Green Limited, a subsidiary of ONGC, has acquired PTC Energy Limited for ₹1,179 crore. The acquisition includes PTC Energy’s 288.8 MW renewable energy assets, primarily wind power projects. This strategic move strengthens ONGC’s green energy portfolio, aligning with its plans to expand in the renewable sector and support India’s clean energy […]
Rays Power Infra Limited Secures EPC Projects Worth Over ₹2,000 Crore and Emerges as L1 Bidder for ₹1,600 Crore Projects – EQ
New Delhi – Rays Power Infra Limited, a prominent business of developing and implementing solar solutions provider, has secured Engineering, Procurement, and Construction (EPC) projects worth over ₹2,000 crore across Maharashtra, Rajasthan, and Madhya Pradesh. In addition, the company has been declared the L1 bidder for EPC projects worth ₹1,600 crore in Assam and Madhya […]