Integrum Energy Infrastructure has reportedly filed a draft red herring prospectus (DRHP) for an initial public offering (IPO).
The IPO will include a fresh issue of up to 4.95 million equity shares and an offer for sale of up to 0.54 million equity shares.
The proceeds will be directed toward the development of a new solar plant and meeting the company’s working capital needs.
The subsea market, including systems like subsea umbilical risers and flowlines (SURF), is set for strong growth, with spending projected to exceed $42 billion by 2027, according to Rystad Energy. This represents a 10% annual growth rate from 2024 to 2027, driven by increased investment in regions like South America and Europe. Brazil is a key player, with anticipated spending rising 18% in 2024 to $6 billion, fueled by its pre-salt reserves. Norway is also…
GE T&D India Ltd has announced securing two international orders totalling €150 million from its group entities. The first order, valued at €100 million, was placed by Grid Solutions SAS, France, and the second, worth €55 million, was awarded by Grid Solutions Middle East FZE, Dubai. Both orders involve the supply and supervision of high-voltage products, which will be part of larger projects executed by the respective group entities for their end customers. The projects…
The Ministry of New and Renewable Energy has reinstated the requirement for solar projects in India to use modules from a government-approved list of domestic producers, known as the Authorized List of Manufacturers and Models (ALMM). This move mandates that Indian solar project developers purchase solar modules from these domestic companies, rather than opting for less expensive foreign suppliers. Economic Impact: The cost of solar projects in India has surged significantly due to this requirement….
Tata Power Company Limited posted a net profit of Rs 10.93 billion for the quarter ending September 2024, marking a 7.47 per cent rise from Rs 10.17 billion in the same period last year. The company’s total income grew by approximately 1.13 per cent to Rs 162.11 billion in Q2 FY2024, up from Rs 160.3 billion in the corresponding quarter of the previous year.
The Canadian government has introduced draft regulations to cap oil and gas sector emissions 35% below 2019 levels by 2030, sparking backlash from industry leaders who argue it could lead to reduced production. Environment Minister Steven Guilbeault emphasized the cap targets pollution, urging companies to use their record profits from 2022, which totalled C$66.6 billion, for decarbonization. The regulations propose a cap-and-trade system rewarding low-emission producers and imposing penalties on those failing to comply, with…
Apar Industries Ltd has announced plans to expand its Continuous Transposed Conductor (CTC) production capacity to meet increasing demand driven by government prioritization of power and generation equipment. The expansion will triple the company’s CTC capacity from 7,350 tonnes per year to 20,490 tonnes by Q3FY26. The current capacity of 7,350 tonnes, utilized at 98%, will be augmented in phases. By March 2025 (end of FY25), an additional 5,160 tonnes will be operational. A further…
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