Category Articles: Business

Krystal Integrated Services Ltd IPO to open on March 14

March 13, 2024
Krystal Integrated Services Ltd IPO to open on March 14

Ahmedabad: Krystal Integrated Services Limited (“KISL” or “The Company”) shall open its Bid / Offer in relation to its Initial Public Offer of Equity Shares on Thursday, March 14, 2024. The Offer Size comprises of fresh issue of Equity Shares aggregating up to ₹ 1,750 million (₹ 175 crore) (The “Fresh Issue”) and Offer for Sale up to 1,750,000 Equity Shares (The “Offer for Sale”). (Together, The “Offer”) The Price Band of the Offer has been fixed at ₹ 680 to ₹ 7...Read More

PM to virtually lay foundation stone of 3 semiconductor plants; 2 of them in Gujarat

March 12, 2024
PM to virtually lay foundation stone of 3 semiconductor plants; 2 of them in Gujarat

New Delhi: Prime Minister Shri Narendra Modi will participate in ‘India’s Techade: Chips for Viksit Bharat’ and lay the foundation stone of three semiconductor projects worth about Rs 1.25 lakh crore on 13th March, 2024 at 10:30 AM via video conferencing. Prime Minister will also address the youth across the country on the occasion. It has been the vision of the Prime Minister to position India as a global hub for semiconductor design, manufacturing and technology development, fostering...Read More

KP Green Engineering Limited’s SME IPO to open on March 15th

March 12, 2024
KP Green Engineering Limited’s SME IPO to open on March 15th

Ahmedabad: Gujarat-based KP Green Engineering Limited, manufacturer of hot-dip galvanized steel structures, has fixed the price band of Rs 137/- to Rs 144/- per Equity Share of face value Rs 5/- each for its maiden initial public offer. The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Friday, March 15th, 2024, for subscription and close on Tuesday, March 19th, 2024. Investors can bid for a minimum of 1000 Equity Shares and in multiples of 1000 Equity Shares ther...Read More

Tata Motors plant in Sanand rolls out its 1 millionth car

March 09, 2024
Tata Motors plant in Sanand rolls out its 1 millionth car

Sanand: Tata Motors announced on Friday that it has achieved a manufacturing milestone by rolling out the 1 millionth car from its facility in Sanand. The Sanand plant was established in 2010 spread across 1100 acres – 741 acres (TML) and 359 acres (Vendor Park) with over 6000 direct and indirect employees, has been instrumental in Tata Motors’ growth and success. Being one of the youngest plant of Tata Motors, the Sanand facility boasts of having an up-to-the-minute technology across all i...Read More

Four new GIDCs to come up in Rajkot: District Collector

March 07, 2024
Four new GIDCs to come up in Rajkot: District Collector

Rajkot: District Collect today informed media persons that Rajkot district will have four new GIDC areas (Gujarat Industrial Development Corporation run industrial townships) at Pipardi(100 ha), Makhavad(14 ha), Kotda Sangani(120 ha) and Bamanbor(59 ha). Among the the final proposal for Makhavad and Bamabor GIDCs are received from Mamlatdars. DeshGujaratRead More

Popular Vehicles & Services Ltd IPO to open on March 12

March 07, 2024
Popular Vehicles & Services Ltd IPO to open on March 12

Ahmedabad: Popular Vehicles and Services Limited (“PVSL” or The “Company”), shall open its Bid / Offer in relation to its initial public offer of Equity Shares on Tuesday, March 12, 2024. The Total Offer Size comprises of fresh issue of Equity Shares aggregating up to ₹ 2,500 million [₹ 250 crore] (The “Fresh Issue”) and Offer for Sale up to 11,917,075 Equity Shares. (The “Offer for Sale”), (Together, “The Total Issue Size”) The Price Band of the Offer has been fixe...Read More

Nexgen Energia to invest Rs. 3,000 crore in a CBG plant and EV project

March 07, 2024
Nexgen Energia to invest Rs. 3,000 crore in a CBG plant and EV project

Gandhinagar: Clean fuel energy company, Nexgen Energia on Wednesday announced that it is planning to allocate around Rs 3,000 crore for the establishment of a compressed biogas (CBG) facility in Gujarat. Following the launch of the CBG plant, Nexgen Energia intends to supply compressed biogas directly to CNG pumps. MD Piyush Dwivedi highlighted that Nexgen Energia is set to invest over Rs 3,000 crore to establish a CNG Compressed Biogas (CBG) plant in Gujarat. Additionally, the company plans ...Read More

HyFun Foods to invest Rs. 850 crore in three new plants in Gujarat

March 06, 2024
HyFun Foods to invest Rs. 850 crore in three new plants in Gujarat

Ahmedabad: HyFun Foods, a frozen potato product manufacturer, has revealed plans to invest around Rs 850 crore in setting up three new plants in Gujarat. This expansion aims to achieve an annual revenue target of Rs 5,000 crore by 2028. Additionally, the company will invest Rs 150 crore in a water treatment facility in Gujarat to manage wastewater from its factories. Currently operating five potato processing plants in Mehsana with an annual capacity of 2.5 lakh tonnes, HyFun Foods supplies a...Read More

Gujarat based company’s electrolyzer to generate power at Oman Airport with Green Hydrogen

March 06, 2024
Gujarat based company’s electrolyzer to generate power at Oman Airport with Green Hydrogen

Sanand: Gujarat-based Greenzo Energy Pvt Ltd is set to deploy an indigenous electrolyzer in Oman to generate 400 units of electricity per hour for illuminating the airport using green hydrogen. Valued at ₹130 crore, the 1-MW Alkaline electrolyzer will be part of a pilot project, producing green hydrogen integrated with fuel cells to power the airport during nighttime. The hydrogen, generated during the day through solar power, will be stored and converted back to electricity at night. This ...Read More

‘It’s not Pakistan’, says Maharashtra Dy CM on projects going to Gujarat

March 06, 2024
‘It’s not Pakistan’, says Maharashtra Dy CM on projects going to Gujarat

Mumbai: Maharashtra Deputy Chief Minister Devendra Fadnavis defended the state against criticism for losing projects to Gujarat, stating that the neighboring state is not Pakistan. While addressing the India Global Forum, Fadnavis said, “We are in a very competitive federalism. There was a time when only 2-3 states were competing; today, there are 10 states in India that are competing, and I think we should welcome that. Because, see, a company going to Gujarat, Karnataka, or Delhi, it’s ...Read More