|

Solarworld Energy raises Rs 1.1 billion in pre-IPO placement round

By

Solarworld Energy Solutions Limited has raised Rs 1.1 billion through a pre-IPO placement, reducing the fresh issue component of its IPO from Rs 5.5 billion to Rs 4.4 billion.  Initially, the company planned to raise Rs 6 billion, as per the draft red herring prospectus (DRHP) filed with SEBI in September. The IPO includes Rs 500 million as an offer-for-sale (OFS) by the promoter, Pioneer Facor IT Infradevelopers. On November 21, the company allotted 3.12…

|

Sugs Lloyd wins Rs 3 billion power infrastructure projects in Bihar

By

Sugs Lloyd has emerged as the lowest bidder for two Bihar government projects worth Rs 3 billion. The contracts include the supply, installation, testing, and commissioning (SITC) of a power substation along with high-tension (HT) and low-tension (LT) lines.  CEO Satyakam Basu expressed excitement over this milestone, noting that the company is considering an IPO to expand operations and fulfil working capital needs.