Laser Power & Infra Ltd., an integrated manufacturer of power cables, conductors and specialised products for the power transmission and distribution industry, will launch its Rs 742-crore initial public offering on July 9. The issue will close on July 13, according to its red herring prospectus. The IPO comprises a fresh issue of equity shares worth Rs 542 crore and an offer for sale of shares aggregating up to Rs 200 crore by promoter selling shareholders. Net proceeds from the fresh issue will be used towards repayment or prepayment of borrowings amounting to Rs 490 crore, and for general corporate purposes. The company operates three manufacturing units in West Bengal and reported revenue of Rs 2,326 crore and net profit of Rs 151 crore in FY26. Its order book stood at Rs 3,243 crore as of March 31, 2026. Laser Power, which also has an engineering, procurement and construction division, is a licenced stranding partner of US-based TS Conductor, allowing it to locally manuf...
Into his 16th season of the Indian Premier League (IPL), MS Dhoni has looked far from finished. The wicket-keeper batter has not just led Chennai Super King (CSK) brilliantly but also produced cameos with the bat that left fans feeling nostalgic. Though Dhoni's cameos have been mesmerising, many fans and experts wonder what would it take for the 'Thala' to promote himself in the batting order for CSK this season. Dwayne Bravo, who has played with Dhoni in the Super Kings team for years, shed light on the matter, explaining why the skipper won't promote himself.
"That is the position he has to bat. Everyone is batting higher than him and he takes that responsibility and ownership upon himself to bat lower down the order because the likes of Jadeja, Rayudu, and Dube, he wants to give these guys as many opportunities as possible. He is happy to just play the finishing role," Bravo had said in a press conference.
Chennai sit top of the IPL 2023 standings with 5 wins in 7 matches. Rajasthan, on the other hand, are placed 3rd in the points table with 4 wins in 7 matches. Bravo is confident of the morale in the CSK dressing room and the team's ability to keep the momentum going.
"The CSK morale is very high, and that has nothing to do with the results. We are a team that is normally very level irrespective of whether we perform well or not.
"But it is always better when we are doing well. So far, we have started the season on a positive note and we just have to keep the momentum and keep winning cricket games. Tomorrow's game against RR is going to be a very hard game," he said.
from NDTV News- Special https://ift.tt/3jXE0oK
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