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On August 28, investors are likely to watch Hero MotoCorp, Tejas Networks, and Zee Entertainment due to recent developments. The Indian stock market closed lower on Thursday, with Nifty 50 and BSE Sensex slipping, indicating a potential end to their recent winning streak. View More
GK Energy announced that it has received a Letter of Empanelment (LOE) from a leading State Government-owned power distribution utility for Grid Connected Rooftop Solar Photovoltaic Projects. View More
New regulations have been established, permitting plug-in solar kits of up to 800 watts in residential settings. These systems promise substantial annual savings on electricity expenses, making renewable energy more attainable for renters and flat owners alike. Rigorous safety standards are in place to ensure secure connections, mitigating any electrical risks. This breakthrough aligns with Great Britain's rising demand for sustainable residential solar energy solutions. View More
IIFCL will be the sole lender for the project with a repayment tenor of 19 years; the ?2,123 crore project will integrate a 1,350 MWh battery energy storage system View More
The orders cover engineering, procurement, construction and maintenance activities, strengthening the company’s renewable energy portfolio and supporting its expansion strategy View More
With the addition of this project, TPREL's total renewable utility capacity has reached 12.3 GW View More
The Company says it combines premium product expansion with Patiala capacity enhancement, energy-efficiency initiatives, and focus on operational performance in FY2026-27. View More
Milkfood Limited , an established player in India's dairy industry , is expanding its presence in the premium dairy segment with plans to introduce Ghee made from A2 milk, marking another step in the Company's strategy to build a stronger portfolio of value-added dairy products. According to a statement, the planned launch comes against the backdrop of evolving consumer preferences in India's dairy market, where demand is increasingly moving beyond conventional staples towards differentiated products positioned around quality, provenance and traditional dairy practices. Through its A2 Ghee offering, Milkfood aims to address this emerging premium segment while strengthening product realisations and broadening its consumer-facing portfolio. The initiative is part of the Company's wider business strategy for FY2026-27, which combines value-added product development with manufacturing capacity expansion, improved asset utilisation, energy-cost optimisation and financial discipline. Milkfood's entry into the A2 Ghee category reflects the Company's focus on opportunities within the higher-value end of the dairy market. Ghee remains an important category within Indian households, with strong associations with traditional food practices and everyday consumption, the company said in a statement. The proposed A2 Ghee will be positioned as a premium dairy offering, designed for consumers looking for differentiated and traditional dairy products. The product is expected to complement Milkfood's existing dairy portfolio and provide the Company with an opportunity to participate in a segment where product differentiation can support stronger realisation. Live Events Rather than relying solely on volume-led growth, Milkfood's strategy increasingly focuses on combining its established dairy manufacturing capabilities with products that can potentially deliver greater value addition. Rs 20 crore Patiala investment to support capacity expansion The premium product strategy is supported by investments in manufacturing infrastructure at the Company's Patiala plant. Milkfood is undertaking capital expenditure of approximately Rs 20 crore at the facility for establishing a dedicated Butter Plant and acquiring critical processing infrastructure, including a Continuous Butter Machine and Butter Cold Room. The statement added that the investment is expected to strengthen the Company's butter manufacturing capabilities and provide additional support for its growing value-added dairy portfolio. Improved infrastructure is also expected to enhance manufacturing flexibility and capacity utilisation as Milkfood expands its product mix. The Patiala investment forms part of a broader effort to strengthen the Company's operating base and create capacity for future growth. Moradabad plant sale Milkfood's current expansion strategy has also been supported by monetising assets and focusing on improving the Company's financial position. During FY2025-26, the Company sold its Moradabad Plant at Agwanpur for approximately Rs 130 crore. The proceeds have been deployed towards loan repayment, strengthening working capital, and funding capital expenditure at the Patiala facility. This approach allows Milkfood to redeploy capital towards areas aligned with its current growth strategy while simultaneously reducing financial leverage and supporting liquidity. The combination of debt repayment, targeted capital expenditure and investment in productive capacity is expected to provide a stronger foundation for the Company's next phase of growth. Sustainability and other moves Alongside product and capacity expansion, Milkfood is pursuing initiatives aimed at improving energy efficiency and reducing operating costs. One key initiative involves transitioning the Company's boiler fuel from rice husk to parali, or paddy straw/agricultural waste. The move is expected to support better utilisation of agricultural residue while contributing to the Company's efforts to optimise energy costs. Milkfood is also installing a 500 kWp solar power plant for captive consumption. Milkfood is also looking to expand its job work business, with revenue from the segment expected to reach approximately Rs 30 crore during FY2026-27. For FY2026-27, Milkfood's said its strategy is centred on balancing growth with operational efficiency and financial discipline. The Company's focus on premium value-added products, targeted manufacturing investments, asset monetisation, energy efficiency and higher capacity utilisation is aimed at creating a more resilient and efficient business model. .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!
IIFCL’s first sole greenfield finance to ACME, secured at a competitive interest rate, includes a 19-year repayment tenor View More
Of the total Rs 700 crore issue, Rs 500 crore will come through a fresh issue of 6.10 crore shares, while the remaining Rs 200 crore will be raised through an offer for sale (OFS) of 2.44 crore shares by promoters Devendra Goel and Jay Goel. View More
The much-awaited Rs 700 crore Lumino Industries IPO opened for subscription today, August 27. The grey market is signalling strong investor interest, with the issue currently commanding a 61% premium over its issue price, raising expectations of substantial listing gains. The company has set the IPO price band at Rs 78–82 per equity share, paving the way for its debut on the public markets. Of the total Rs 700 crore issue, Rs 500 crore will come through a fresh issue of 6.10 crore shares, while the remaining Rs 200 crore will be raised through an offer for sale (OFS) of 2.44 crore shares by promoters Devendra Goel and Jay Goel. The IPO will remain open from August 27 to August 31, 2026. The shares are proposed to be listed on both the NSE and BSE, with the tentative listing date set for September 3, 2026. At the upper price-band of Rs 82, retail investors will need Rs 14,924 to bid for one lot of 182 shares. Live Events At the IPO price band, Lumino Industries is valued at a P/E multiple of 11.87 times at the lower end and 12.48 times at the upper end, based on diluted FY26 earnings. That valuation looks relatively modest when compared with the FY26 industry peer-group average P/E of 48.55 times, according to the company's offer document. Motilal Oswal Investment Advisors Ltd. is the book running lead manager, and Bigshare Services Pvt.Ltd. is the registrar. is the registrar of the issue. Anchor Investors Lumino Industries has raised Rs 206.99 crore from anchor investors ahead of its IPO on August 25, 2026. The company allotted 2,52,43,901 equity shares at Rs 82 apiece to 30 anchor investors. Lumino Industries IPO Proceeds A substantial portion of the fresh issue proceeds is earmarked for reducing the company's debt. Lumino Industries plans to use approximately Rs 337 crore for the prepayment or repayment of certain outstanding borrowings. The company also proposed spending around Rs 15.01 crore on capital expenditure, including equipment and machinery purchases, civil works, and interior development at an existing manufacturing facility. The remaining proceeds will be deployed towards general corporate purposes. Lumino Industries' Financial Performance The company reported an improvement in both revenue and profitability in FY26. Total income rose 7% to Rs 2,089.31 crore in FY26, compared with Rs 1,946.68 crore in FY25. More significantly, Profit After Tax increased 28% to Rs 160 crore, from Rs 124.59 crore in FY25. The stronger growth in profit compared with total income points to an improvement in the company's earnings performance during the year. About Lumino Industries Established in 2005, Lumino Industries is an integrated engineering, procurement and construction (EPC) and manufacturing company focused on India's power transmission and distribution sector. The company manufactures conductors, power cables, electrical wires and high-temperature low-sag (HTLS) conductors, which are used in power transmission and distribution infrastructure. Its EPC business covers power transmission and distribution, EHV substations, HTLS re-conductoring, railway electrification, solar power projects and water management projects. The company caters to major EPC players in India and also serves international customers, including government-owned electricity companies, public enterprises and electricity boards across several countries. As of March 31, 2026, Lumino Industries had 890 permanent employees. With the Rs 78–Rs 82 price band now set, the next major trigger for Lumino Industries will be anchor investor participation on August 25, followed by the response from retail and institutional investors when the IPO opens on August 27. Should You Subscribe? According to Anand Rathi Research, Lumino Industries’ integrated EPC and manufacturing model, strong Rs 3,149.9 crore order book, healthy financial performance and exposure to growing power transmission, renewable energy and wires & cables markets offer strong long-term growth potential. The brokerage also sees support from capacity expansion, higher-margin EHV projects, rising exports and strong execution capabilities. At the upper price band, the IPO is valued at 15.5x FY26 P/E and 9.6x EV/EBITDA. Considering the company’s growth prospects and industry tailwinds, Anand Rathi has assigned a “Subscribe – Long Term” rating to the issue. (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)
The project is expected to create significant employment opportunities for local communities View More