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IRFC, RVNL and other railway companies' stocks continued to surge on January 20, extending their record breaking run. The stocks have gained up to 70% in just January itself.
On October 25, 2023, the European Council adopted the European Green Bond Standard (EU GBS), a new voluntary regime for green bonds that aims to solidify the EU's position as a leader...
Shyam Metalics has announced a new capex of close to INR 3,900 crore ($525m) and it is adding more capacity for speciality alloys, power gen and different products. The company aims to see a 15-20% YoY CAGR and the bottom and top lines are set to improve. Despite muted numbers recently, margin has remained relatively stable as the company is an integrated player. The company has a fundraising plan for around INR 3,600 crore and a capex plan of INR 4,000 crore.
Consolidated: Highest ever Revenue at ₹1,17,627 Cr. up 23% YoY for FY23 Standalone Highest ever Revenue at ₹26,840 Cr. Viscose:... | May 26, 2023
Adani Enterprises has revived its capex plan with an initial investment of $1.5bn to kickstart its new businesses, including solar module manufacturing and green hydrogen. The plans were put on hold after the cancellation of the follow-on public offering in February, but the company's boards have now cleared plans to raise up to INR12,500 crore ($1.7bn) via qualified institutional placements. Adani Enterprises owns a range of businesses, including seaports, airports and data centres.