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Laser Power targets ₹4,000 crore annual revenue in three years without major capex
Deepak Goel, CMD of Laser Power & Infra discusses the company's push into advanced conductor technology and underground cables, and highlights its capital-efficient growth strategy amid India's expanding power grid investments.
Laser Power & Infra IPO opens for subscription; here's everything investors need to know
Laser Power & Infra manufactures power cables, conductors and transmission products through three manufacturing facilities in West Bengal, with a combined installed capacity of 85,448 metric tonnes. Apart from manufacturing, the company also undertakes EPC projects focused on rural electrification, power distribution infrastructure and substation installation.
Laser Power & Infra IPO: From issue price to OFS details - 10 key things investors should know from the RHP
Laser Power & Infra's IPO is valued at ₹742 crore, with shares priced between ₹203 and ₹214. Subscription opens on July 9, 2026, and closes on July 13, 2026. The company focuses on power cables and EPC projects, promising future growth.
Diamond Power Infra hits the roof after securing Rs 436 crore power cable order
Diamond Power Infrastructure hit the 10% upper circuit at Rs 218.40 after the company announced that it had secured a supply order worth Rs 435.71 crore for High Tension (HT) and Low Tension (LT) power cables.
Laser Power & Infra's ₹742 crore IPO to open for subscription on July 9
Kolkata-based Laser Power & Infra Ltd (LPIL), 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 (IPO) 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 (OFS) of shares aggregating up to Rs 200 crore by promoter selling shareholders, according to filings. Net proceeds from the fresh issue will be utilised towards repayment or prepayment of borrowings amounting to Rs 490 crore and for general corporate purposes. LPIL operates three manufacturing units in West Bengal with a combined installed capacity of 85,448 MT. The company 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. The firm, which also has an EPC division, is a licensed stranding .
Jaiprakash Power Ventures Ltd leads losers in 'A' group
Finolex Cables Ltd, Ingersoll-Rand (India) Ltd, RHI Magnesita India Ltd and Inox Wind Ltd are among the other losers in the BSE's 'A' group today, 01 June 2026.
Motilal Oswal bullish on BSE, Lenskart and cement stocks as AI, market share growth drive outlook
Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services, said the brokerage remains positive on BSE Ltd. with a ₹4,400 target as cash market share gains and NSE’s expected listing could support growth. He also highlighted strong opportunities in AI-linked sectors such as power, cables and data centres, maintained a buy call on Lenskart with a ₹600 target, and named UltraTech Cement Ltd., JK Cement Ltd. and Dalmia Bharat Ltd. as preferred cement picks. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Diamond Power Infra gains after securing Rs 45 crore order from Adani Electricity Mumbai
Diamond Power Infrastructure rose 2.86% to Rs 141.85 after the company announced that it has received a letter of intent (LoI) from Adani Electricity Mumbai for the supply of cables worth Rs 45.47 crore.
Five Stocks To Buy: Jio Financial Services, REC, PB Fintech, Finolex Cables And Eternal
Top picks include financial services player Jio Financial Services, state-run power financier REC, fintech major PB Fintech (Policybazaar), along with Finolex Cables and Eternal.
AI boom may benefit power, metals more than IT, says Manulife’s Rana Gupta
Rana Gupta, Senior Portfolio Manager, Manulife Investment Management says the AI boom may create bigger opportunities in power, cables, cooling and metals than in IT services, while IT investing becomes stock-specific amid uncertain growth visibility.