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...
Several gas cylinders were tossed in the air after a speeding car hit an LPG cyliner supplier's cart in Delhi, a shocking CCTV footage of the incident showed. The man behind the wheel, a minor, allegedly hit a 6-year-old girl before ramming the cylinder cart.
The impact of the collision stopped the car after which locals caught the driver and informed the police. The accident happened in in northwest Delhi's Shalimar Bagh area on Monday, police said.
The speeding car while passing by a school first hit the girl from the side. The car then took a right turn and hit the cylinder-laden cart from behind.
The injured cylinder supplier Ram Kumar was shifted to Jahangirpuri's BJRM Hospital. The girl was under treatment at Shalimar Bagh's Jhamb Multi Specility Hospital. Both the injured have been discharged now.
During investigation, the age of the driver was found to be 17 years. He lives in Singhalpur village and works in a private company, the police said.
The police have given a notice to the vehicle owner and called him to join the investigation.
We will file a case under the Motor Vehicles Act and other sections based on the statement of the victims, police said.
from NDTV News- Special https://ift.tt/A5K9uZN
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