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The project was awarded under SECI's tariff-based global competitive bidding for the supply of 1,500 MW / 12,000 MWh of power from pumped hydro storage projects being set up in the country View More
Solar thermal lowers not only carbon emissions but also costs, compared with heat from fossil fuel View More
The Ministry said the limited ALMM relief will protect manufacturers’ investments, support domestic solar production, and ensure a smoother transition to sourcing solar PV cells from ALMM-listed manufacturers View More
Reliance used its integrated energy business to weather supply shocks while advancing solar and battery manufacturing View More
NLC India Renewables has engaged four investment banks to facilitate its much-anticipated initial public offering. This IPO is designed to enhance the company's capital structure, fueling its ambitious growth objectives. The firm aims to broaden its renewable energy initiatives and align with national energy goals, currently managing 1,785 MW in solar, wind, and battery storage systems. Plans for aggressive expansion are in motion across various states in India. View More
New Delhi, State-owned NLC India's subsidiary NLC India Renewables Ltd (NIRL) has appointed four leading investment banks, including SBI Capital Markets and HDFC Bank , as book running lead managers for its proposed initial public offering (IPO). The other two book running lead managers (BRLMs) which have been selected following a board-approved, structured and competitive process are -- IIFL Capital Services , IDBI Capital Markets & Securities. The proposed IPO is expected to strengthen NIRL's capital base and support its long-term growth strategy in the renewable energy sector and to contribute to the country's target of achieving 500 GW of non-fossil fuel-based energy capacity by 2030, a company statement said on Friday. Also, it is intended to facilitate the listing of the equity shares of NIRL on the recognised stock exchanges in India, subject to receipt of applicable statutory and regulatory approvals, prevailing market conditions and other customary considerations. The appointment is subject to receipt of applicable statutory and regulatory approvals and prevailing market conditions, NIRL said in a statement. Live Events The BRLMs will advise and assist the company in the preparation and management of the IPO, including undertaking due diligence, preparation of offer documents, coordination with regulatory authorities and intermediaries, marketing of the issue, and other activities in accordance with applicable laws and regulations. NIRL was incorporated on June 14, 2023, not only to spearhead the existing 1,785MW renewable business that span solar, wind, battery energy storage system (BESS), roof top solar but also for future renewable energy business of the NLCIL Group. The company is engaged in the development, generation, ownership and operation of renewable energy projects, with a focus on supporting India's clean energy transition and the nation's renewable energy capacity expansion objectives. NIRL has emerged as a key driver of the nation's renewable energy transition since its inception. The company's current portfolio comprises an aggregate installed capacity of 1,785 MW across solar, wind, battery energy storage systems and rooftop solar, with operational assets in Tamil Nadu, Rajasthan, and Andaman. The company is expanding aggressively across Tamil Nadu, Rajasthan, Gujarat, Assam, Maharashtra, Odisha, Uttar Pradesh, and Punjab. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Hyderabad-based Bikewo will deploy the vehicles across its rider network to evaluate range, battery efficiency, payload capacity and ride quality View More
India is adding green capacity at a rapid clip, but the power system is not keeping pace with the renewable build-out. View More
India’s sustainability story will not be complete until the farmer who feeds the country is also generating the energy that powers it View More
The Alpine Texworld IPO allotment is expected to be finalised today, with investors able to check their status on the registrar's website and the BSE and NSE portals. The Rs 126.25 crore issue was subscribed 1.40 times overall, led by retail demand. Ahead of its July 21 listing, the stock commands a grey market premium of around 1%, indicating a muted debut. View More
The Alpine Texworld IPO allotment is likely to be finalised today, with investors set to find out if they have secured shares in the Rs 126.25 crore issue. Applicants can check their allotment status on the registrar's website or the BSE and NSE portals. Meanwhile, a grey market premium (GMP) of just 1% points to muted listing expectations. Following the allotment, successful applicants can expect the shares to be credited to their demat accounts ahead of the company's market debut. Alpine Texworld is scheduled to list on the NSE SME platform on July 21, 2026. The Alpine Texworld IPO, which was open for subscription from July 14 to July 16, received a modest response, with the issue being subscribed 1.40 times overall. The retail investor segment led demand, attracting 1.54 times subscription. The qualified institutional buyers (QIB) portion was subscribed 1.09 times, while the non-institutional investors (NII) category also saw a 1.09 times subscription. Investors can check their allotment status through either of the following platforms: 1. Registrar’s Website Visit KFinTech IPO Allotment page (https://ipostatus.kfintech.com/)Select Alpine Texworld from the drop-down menu.Enter your PAN, application number, or DP/Client ID to view allotment details. Live Events 2. NSE Website ( https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids ) Go to NSE IPO Allotment pageSelect EquityChoose Alpine TexworldEnter your application number and PAN. 3.BSE Website ( https://www.bseindia.com/investors/appli_check ) Select Equity under issue type.Select Alpine Texworld from the dropdown.Enter your application number OR PAN number.And fill the captcha and click search to view allotment. GMP signals a muted debut Ahead of its listing, Alpine Texworld's shares are commanding a grey market premium (GMP) of around 1%, indicating expectations of a largely flat market debut. Based on the current GMP, the stock could list at around Rs 106 per share, marginally above the upper issue price of Rs 105. However, investors should view the GMP with caution, as it is an unofficial indicator that can change rapidly with shifts in market sentiment. The Rs 126.25 crore IPO was priced in the Rs 100-105 per share band and comprised a fresh issue of 1.20 crore equity shares, with no offer-for-sale (OFS) component. How Alpine Texworld plans to use the IPO proceeds The company plans to deploy the IPO proceeds to expand manufacturing capacity, reduce debt, and meet general corporate requirements. Of the total proceeds, Rs 32.08 crore has been earmarked to set up a new weaving unit at its proposed Manufacturing Unit 3 in Ahmedabad, Gujarat, which is expected to boost grey fabric production capacity. Another Rs 52.20 crore will be used to repay or prepay certain borrowings, helping improve the company's balance sheet and financial flexibility. The remaining funds will be utilised for general corporate purposes. About Alpine Texworld Founded in 2016, Alpine Texworld is engaged in fabric dyeing and processing, supplying textile products to garment manufacturers, traders, and other participants across the textile value chain. The company currently operates two manufacturing facilities with an installed processing capacity of around 6,000 metric tonnes per annum for cotton and blended yarn. As part of its sustainability initiatives, Alpine Texworld commissioned an 820 KW rooftop solar power plant at its Unit 1 facility in January 2024, followed by a 5.4 MW ground-mounted solar project in Banaskantha, Gujarat, in March 2025, strengthening its renewable energy footprint and improving operational efficiency. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)