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Imposing a 126% duty on Indian solar imports by the US has led to declines in solar stocks. Companies like Waaree Energies assert they can adapt with diversified supply chains. View More
SEZ policy changes and domestic demand seen easing pressure from proposed US tariffs on solar exports View More
The US announced a preliminary countervailing duty of 125.87% on imports of certain Indian solar equipment, alleging that the products are unfairly subsidized by the Indian government. View More
Waaree Energies ended 10% at ?2,708.55 on the BSE after hitting an intraday low of ?2,571.45, while Premier Energies settled 6% lower at ?729.05 View More
Shree Ram Twistex's IPO has seen overwhelming investor interest, being oversubscribed 12 times. Non-Institutional Investors and retail participants showed significant demand. The company plans to use the funds for renewable energy projects and debt repayment. Share allotment is expected soon, with a tentative listing on March 2. View More
The Rs 110 crore IPO of Shree Ram Twistex has been oversubscribed 12 times on the third day of bidding, with 1.06 crore shares on offer. The Non-Institutional Investors (NIIs) segment saw robust demand, being subscribed 56.13 times, while the retail segment was subscribed 25.42 times. In the grey market, shares are trading at a premium of 17.31%, up from around 9%, reflecting improved investor sentiment. The issue allotment is expected on February 26, with tentative listing on the BSE and NSE scheduled for March 2. The IPO is a fully fresh issue of 1.06 crore shares, priced in the band of Rs 95–104 per share. Shree Ram Twistex IPO Day subscription status: As of 12:32 PM on Day 3, Shree Ram Twistex’s IPO has been oversubscribed 12 times in total. Retail Individual Investors (RIIs) have demonstrated strong interest, subscribing 25.42 times against the 10.60 lakh shares allocated to them. Live Events Non-Institutional Investors (NIIs) have subscribed 56.13 times their quota of 15.90 lakh shares. In contrast, Qualified Institutional Buyers (QIBs) have subscribed 9% of the 79.50 lakh shares reserved for their segment. Shree Ram Twistex IPO GMP today As of February 25, 2026, shares of Shree Ram Twistex are trading at a premium of Rs 18, reflecting a 17.3% gain compared to the earlier premium of around 9%, signalling improved investor sentiment. The estimated listing price for the issue stands at Rs 122. Shree Ram Twistex IPO details Shree Ram Twistex’s IPO consists entirely of a fresh issue of 1.06 crore equity shares, aggregating to Rs 110.24 crore. At the upper end of the price band, the company’s pre-issue market capitalisation is estimated at Rs 416 crore. The public issue will close on February 25, with the share allotment expected on February 26 and a tentative listing on the BSE and NSE scheduled for March 2. Investors must apply for a minimum of 144 shares, which amounts to Rs 14,976 at the upper price band. The issue allocation reserves 75% for Qualified Institutional Buyers (QIBs), up to 15% for Non-Institutional Investors (NIIs), and up to 10% for Retail Investors. About the company Shree Ram Twistex manufactures cotton yarns including compact ring spun and carded yarns, both combed and carded varieties. Its products are used in knitting and weaving applications such as denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear and home textiles. The company also produces value-added yarns such as Eli Twist, compact slub yarns and Lycra-blended yarns. It operates on a B2B model, supplying textile manufacturers, garment exporters, bulk buyers and fabric processors across multiple states, including Gujarat, Rajasthan, Maharashtra, Tamil Nadu and West Bengal, along with exports. Its manufacturing facility is located in Gondal, Rajkot, Gujarat, with 17 compact ring-spinning machines and a total spindle count of 27,744. It also operates five warehouses with a combined storage capacity of 9,855 MT. Financial performance For FY25, Shree Ram Twistex posted a total income of Rs 256 crore, compared with Rs 232 crore in FY24. Profit after tax (PAT) increased to Rs 8 crore from Rs 6.55 crore a year earlier, while EBITDA rose to Rs 22 crore from Rs 20 crore. As of September 2025, the company reported total income of Rs 132 crore and a PAT of Rs 7 crore. Its EBITDA margin improved markedly to 12.9% in FY25 from 8.57% in FY24, while the PAT margin edged up to 3.14% from 2.83%, indicating enhanced operational efficiency and profitability. Use of proceeds The company plans to use the IPO proceeds to set up a 6.1 MW solar power plant and a 4.2 MW wind power plant for captive use, repay certain borrowings of about Rs 14.89 crore and fund working capital requirements of Rs 44 crore. The shift to captive renewable energy is expected to lower power costs, which form a key component of spinning operations. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of 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;} .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)
The move, linked to alleged unfair subsidies to Indian manufacturers, triggered sharp investor reaction over potential export disruptions and revenue pressure View More
Modules to be deployed near Nakhatrana in Kutch district of Gujarat as part of 600 MW solar project by INGEL View More
As with its aircraft engines, there are a lot of moving parts to Rolls-Royce — not least in some of its newest ventures. View More
In this articleRR.-GBTSLAFollow your favorite stocksCREATE FREE ACCOUNT This report is from this week's CNBC's UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch Employees work on a Rolls-Royce Trent 7000 engine for an Airbus SE A330neo aircraft at the Safran SA plant in Colomiers, France, on Tuesday, March 25, 2025. Safran Nacelles manufactures nacelles for short, medium and long-range commercial aircraft. Photographer: Matthieu Rondel/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty Images What do you do if you are the chief executive of a company whose share price has risen by more than 1,200% since you took the job?If you are Tufan Erginbilgiç, chief executive of Rolls-Royce, you declare your ambition to make the company the largest on the London Stock Exchange.To put that into context, even to modestly eclipse the current No. 1 AstraZeneca, Erginbilgiç, a former BP executive, would need to add another £124 billion ($167.34 billion) or so to Rolls' market value â an increase of around 110% from here.Investors will get a reasonable idea on what progress is being made toward that goal when the aero engine and power systems maker publishes full-year results later this week.Rolls itself raised guidance for 2025 when, at its interim results last July, it pointed the market toward a full-year underlying operating profit of between £3.1 billion and £3.2 billion, up from the previous range of between £2.7 billion and £2.9 billion. Since then, at a trading update in November, it has said performance across the group was in line with expectations.Yet this is a company â kept alive during the pandemic by Erginbilgiç's much-underrated predecessor Warren East â that analysts and investors alike are now used to seeing beat expectations. Consensus forecasts on the Rolls website are ahead of current guidance.As Agency Partners' Nick Cunningham and Sash Tusa, two of the most experienced analysts following Rolls, put it in a note to clients last Friday: "Rolls-Royce raised guidance with ⦠results last August and confirmed that guidance in its trading statement ⦠so it would be surprising if it did anything other than mildly beat its guidance."The latest update suggested all three legs of Rolls â civil aerospace, defense and power systems â are enjoying robust growth.In civil aerospace, the company's best-known division, large new engine orders continue to come in â ones from IndiGo, Malaysia Airlines and Avolon were flagged in November â while large engine flying hours (Rolls' Power-by-the-Hour engine maintenance program sees it paid a fixed rate for every hour its engines are airborne) have in the last year overtaken pre-pandemic levels and continue to grow.In defense, demand is also healthy, supported by governments everywhere stepping up spending in response to heightened security threats. It was, perhaps, no coincidence that Rolls shares hit an all-time high last week, hours after it was reported that the U.K. government may seek to hit its target of spending 3% of GDP on defence earlier than the existing goal of the end of the next parliament.And in power systems, Rolls is participating in the AI revolution, with data centres globally depending on its power generation systems. The company is also helping support grid resilience as governments seek to reduce carbon emissions from energy networks: in October last year, it launched a new modular solution for gas engine power plants aimed at improving security of supply in Germany. These plants are available as backup during periods â the Germans call them "dunkelflaute" or "dark doldrums" â when wind and solar energy generation drops due to gloomy weather.All three divisions should continue to enjoy tailwinds. In civil aerospace, for example, Rolls is benefiting as manufacturers Airbus and Boeing struggle to deliver new aircraft at the pace the market requires â obliging airlines to keep flying old planes (and their engines) for longer. Nuclear excitement In terms of future growth, possibly the most excitement presently surrounds the company's work in nuclear energy.A Rolls-led consortium, which also includes the Czech utility CEZ Group, was selected by the U.K. government in June last year â following a two-year contest in which it saw off competition from Westinghouse, Holtec and GE Hitachi â to build three plants powered by small modular reactors (SMRs).The technology, based on Rolls' work providing power plants that propel the Royal Navy's fleet of nuclear submarines, has also been selected for use by the Czech government and has made the final stage of Sweden's process to select a nuclear technology partner.While the Rolls-Royce SMR business is currently consuming capital, Erginbilgiç said last August he expects it to be profitable and free-cash-flow positive by 2030, adding: "We have unique capabilities in nuclear ⦠and a highly differentiated position in a growing market."Therefore, we expect the value of this business to grow significantly from now."That may not be the only extension of existing capabilities. The worst decision made by Rolls' management in recent times was the 2011 decision to stop making engines for narrow-body or so-called "single aisle" aircraft â only for the category to see huge growth as low-cost short-haul air travel expanded rapidly around the world.Erginbilgiç confirmed at last year's Paris Air Show that he would like Rolls to return to the market, but indicated it would probably do so in partnership.So investors will be seeking further details on this and on progress being made toward obtaining taxpayer subsidies to support development.Some airline industry executives, including József Váradi, the chief executive of Wizz Air, have indicated they would prefer Rolls to go it alone.Others simply want Rolls back.Michael O'Leary, Ryanair's chief executive, said last month: "There's only two suppliers in the world on short-haul engines at the moment â GE Safran and Pratt & Whitney. And Whitney are struggling to repair the engines that they've already made."We need someone like Rolls-Royce to come back into that marketplace."All of which means these are exciting times for one of the most prestigious of Britain's blue-chip companies.The problem for would-be new investors is that a lot of this is already priced into the share price. Cunningham and Tusa suggest that, on a 2028 price-to-earnings multiple of 36x and an enterprise-value-to-sales multiple of 4.6x, the share price may have "overshot."Others would argue, given Rolls' near-death experience during the pandemic, this is not a bad problem to have.â Ian King Top TV picks on CNBC watch nowVIDEO5:0905:09UK's Starmer faces 'really, really tight' by-election this week: OpiniumSquawk Box Europe James Crouch, head of Policy & Public Affairs Research at Opinium, discusses this week's crucial by-election for U.K. Prime Minister Keir Starmer. watch nowVIDEO4:0304:03New Trump tariffs penalize close allies, Tina Fordham saysEurope Early Edition Tina Fordham, founder of Fordham Global Foresight, discusses President Donald Trump's latest tariffs salvo and what it means for trading partners and exporters. watch nowVIDEO3:2703:27UK inflation lowest in almost a year, March BoE cut in playSquawk Box Europe U.K. inflation falls to 3% to start the year, but a stickier-than-expected services inflation print raises questions for the Bank of England ahead of next month's meeting.â Holly Ellyatt Need to know UK companies seek deeper ties with Europe as Trump tariffs fuel uncertainty. Trump's seesawing is forcing U.K. businesses to look to closer alignment with the European Union and European countries, as they hunt for predictable trade partnerships.âDo not give away Diego Garciaâ: Trump attacks the UK over Chagos Islands deal, again. The president suggested the Chagos deal was prompted by "Wokeism" after the U.K. has come under pressure to hand the islands back to Mauritius.Tesla's Europe problem keeps getting worse. Here's why. U.S. electric vehicle maker Tesla's sales in Europe were down for a 13th consecutive month in January, while its biggest Chinese rival saw another surge.â Holly EllyattComing upFeb. 27: GfK consumer confidence for FebruaryMarch 2: BoE mortgage approvals data for JanuaryMarch 3: Chancellor Rachel Reeves presents the Spring Statement