Latest Sectors News

Horizon Industrial Parks plans a ?2,600 crore IPO to reduce its debt burden. The company develops and leases large warehouses and industrial facilities across India. Revenue and EBITDA have shown significant annual growth in recent years. However, the company has not yet achieved profitability, with net losses widening. Investors with a high-risk appetite may consider this long-term opportunity. View More

ET Intelligence Group: Horizon Industrial Parks , a logistics infrastructure developer, plans to raise ₹2,600 crore through a fresh issue to repay debt and general corporate purposes. The promoter group's stake will fall to 75.4% after the IPO from 88.7%. The company develops and leases large warehouses and industrial facilities. Top four cities contribute about four-fifth to the total revenue. Nearly 43% of the revenue comes from top 10 customers. The company is yet to record profits. After the IPO, debt is expected to reduce significantly. Given the growth prospects for the sector and expected deleveraging, investors with a high-risk appetite may consider the issue from a long-term perspective. AgenciesLogistics infra provider is in loss, but profitability could improve after repayment of debt Business Incorporated in 2009, Horizon Industrial Parks is the country's largest industrial and logistics infrastructure developer, owner and operator by total network, according to Jones Lang LaSalle Property Consultants (India). It also offers turnkey solutions, solar energy solutions, cold storage facilities, and on-site staff accommodation. It owns 45 logistics and industrial assets across 10 major Indian cities, totalling 58.6 million square feet. It offers three core asset categories such as fulfilment centres for warehousing and logistics operations, industrial facilities for manufacturing and industrial occupiers, and in-city centres catering to urban distribution and last-mile logistics needs. Read more | IPO rush: 5 companies to raise Rs 5,499 crore next week; Shiprocket, 4 others to list Live Events Financials Revenue from operations rose 73.8% annually to ₹691.4 crore and operating profit before interest, tax, depreciation and amortization (EBITDA) grew 100.3% annually to ₹607.8 crore between FY24 and FY26. EBITDA margin expanded to 79.2% in FY26 from 61.7% in FY24. In FY26, revenue grew 77.1% and EBITDA jumped 79.2% on a year-on-year basis. Cash flow from operations nearly doubled to ₹464.1 crore in FY26 from ₹119.3 crore in FY24. The company's net loss widened to ₹203.6 crore in FY26 from ₹162.2 crore in FY24. The profitability is expected to improve after repayment of debt. Finance cost as a percentage of revenue reduced to 78% in FY26 from 92.1% in FY24. Interest outgo relative to EBIT was 89% in FY26 compared with 139% in FY24. Valuation The company does not have any direct peers listed in India. Price-to-earnings multiple will not help since the company is yet to record profits. The price-to-sales (P/S) multiple works out to 25. The enterprise value (EV)-to-Ebitda multiple moderated to 38.7 times in FY26 from 137.4 times in FY24 though net debt nearly doubled to ₹6,246.5 crore from ₹3,524.6 crore. The softening in the multiple implies that higher borrowings resulted in incremental operating profit during the period. .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)

Since 1993, over 510,000 acres have been returned to Mapuche communities in Chile under the Indigenous Law. A study revealed minimal changes in forest cover on the restituted lands. It observed a decline in commercial plantations and a slight rise in agricultural pastures, emphasizing the importance of traditional economic practices alongside conservation. This situation illustrates the need for distinct strategies in managing land rights and environmental restoration efforts. View More

Since 1993, over 510,000 acres have been returned to Mapuche communities in Chile under the Indigenous Law. A study revealed minimal changes in forest cover on the restituted lands. It observed a decline in commercial plantations and a slight rise in agricultural pastures, emphasizing the importance of traditional economic practices alongside conservation. This situation illustrates the need for distinct strategies in managing land rights and environmental restoration efforts. View More

Since 1993, over 510,000 acres have been returned to Mapuche communities in Chile under the Indigenous Law. A study revealed minimal changes in forest cover on the restituted lands. It observed a decline in commercial plantations and a slight rise in agricultural pastures, emphasizing the importance of traditional economic practices alongside conservation. This situation illustrates the need for distinct strategies in managing land rights and environmental restoration efforts. View More

First of its kind in the country, the plant will be developed under HPL's subsidiary Adplus Polymers & Chemicals. The facility is set to house the country's first on-purpose propylene plant based on olefin conversion technology and the country's largest phenol production unit in West Bengal's Haldia. View More

Kolkata: West Bengal Chief Minister Suvendu Adhikari said on Sunday that he will inaugurate Haldia Petrochemicals Limited's Rs 6,000 crore phenol and acetone plant at Haldia on October 14 this year. Adhikari was speaking to mediapersons at state secretariat Nabanna when he pointed out about the upcoming inauguration of the HPL plant. First of its kind in the country, the plant will be developed under HPL's subsidiary Adplus Polymers & Chemicals. The facility is set to house the country's first on-purpose propylene plant based on olefin conversion technology and the country's largest phenol production unit in West Bengal's Haldia. Also read | Auroville’s kilns go cold as soaring LPG prices leave biz high and dry HPL chairperson Purnendu Chatterjee recently visited the site in February this year to review the final phase of construction accompanied by whole-time director and CEO Navanit Narayan and senior project officials. .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 Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

Realty firm Lodha Developers Ltd plans to launch 21 housing projects by March next year with an estimated revenue potential of Rs 24,000 crore, as it looks to expand business amid strong demand. During the first quarter of this fiscal year, Lodha Developers launched only one housing project in Mumbai Metropolitan Region (MMR) comprising 4 lakh sq ft area and revenue potential of Rs 330 crore. According to its latest investors presentation, Lodha Developers has a strong launch pipeline for the remaining three quarters of this fiscal year. It will launch seven new housing projects across MMR, Delhi-NCR, Pune, and Bengaluru with a total area of 5.9 million sq ft and a total revenue potential of Rs 9,850 crore. The company will also launch new phases in 14 existing projects totalling 9.7 million sq ft area, with a total revenue potential of Rs 14,210 crore, the presentation said. These launches will help the company in meeting the Rs 24,000-crore sales bookings target for the current View More

Health insurance can protect savings from rising medical costs, but hidden exclusions, room-rent limits, sub-limits and incomplete disclosures can reduce claims. Check out these five common health insurance traps and learn how to choose coverage that offers meaningful financial protection. View More

A gift from parents to a married daughter is generally tax-free under the Income-tax Act, 2025. However, interest, rent, dividends and capital gains earned from gifted money, property or investments may be taxable separately. View More

After multiple price adjustments and relisting efforts, Chris Pratt and Katherine Schwarzenegger are once again offering their Pacific Palisades home for $19.99 million. Originally bought for $15.6 million in 2018, this marks their fifth try to sell the opulent estate, which boasts six bedroom suites along with ample outdoor living spaces, a true testament to luxury living in Los Angeles. View More

Missing a loan EMI does not give banks unlimited powers to seize assets or let recovery agents harass borrowers. Here’s what banks can legally do after a default and what borrowers can do if recovery agents cross the line. View More