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...
A video of Indian Navy and Coast Guard personnel rescuing passengers of a ferry that sank near Mumbai after colliding with a naval speedboat shows people shouting for help as the boat slowly goes under water.
Thirteen people were killed and 99 were rescued. The navy craft whose engine was on a trial run lost control and collided with the passenger ferry that was going from the Gateway of India to Elephanta Island, a tourist spot.
"Search and Rescue efforts were immediately launched by the Navy in coordination with the Coast Guard and Marine Police. Four naval helicopters, 11 naval craft, one Coast Guard boat and three Marine Police boats were involved in the rescue efforts," the Navy said.
"The survivors picked up by Navy and civil craft in the area have been transferred to jetties and hospitals in the vicinity. So far 99 survivors have been rescued," it added.
Maharashtra Chief Minister Devendra Fadnavis told reporters in Nagpur that 101 persons have been rescued. He said he was deeply saddened by the loss of precious lives in the collision between the passenger ferry and the Indian Navy craft.
Mr Fadnavis declared financial assistance of Rs 5 lakh to the families of those who died in the accident.
from NDTV News- Special https://ift.tt/Rc5fQWv
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