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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'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 .
US Intelligence Casts Doubt On Iran's Commitment To Peace Deal Over Nuclear Concessions: Report
Secretary of State Marco Rubio and Defence Secretary Pete Hegseth also raised concerns in discussions.
Marco Rubio Unveils 'America First' Visa Tool To Boost India-US Business Ties
Marco Rubio said the new US visa scheduling mechanism will reduce delays for business meetings and investment travel.
HBL Engineering Q4 profit jumps 42%, but margin pressure weighs on earnings
Marco Rubio’s India visit renewed focus on an India-US trade deal, energy security and Quad cooperation, as experts said both countries are seeking deeper strategic alignment amid rising geopolitical uncertainty.
Marco Rubio Meets PM Modi To Discuss India-US Ties, Extends Trump's Invite To White House
Marco Rubio met PM Modi to strengthen India-US ties across trade and defence sectors.
INR rebounds under Rs 96/$ mark tracking positive cues from local equities
The Indian rupee rose for the second consecutive session on Friday to close at 95.73 (provisional) against the US dollar on softening of crude oil prices and supposed intervention by the Reserve Bank. Markets found some comfort after comments from US Secretary of State Marco Rubio hinted that diplomatic talks linked to the Iran situation were moving in a constructive direction. Moreover, positive domestic equities and a decline in US treasury yields also supported the rupee. Indian shares ended modestly higher on Friday, giving up some early gains amid renewed optimism about U.S.-Iran talks. The NIFTY 50 and BSE Sensex settled higher, with the Sensex up 231.99 points (0.31%) to end at 75,415.35 and the NIFTY adding 64.60 points (0.27%) to close at 23,719.30.
'We Want To Sell As Much Energy As India Is Willing To Buy': Marco Rubio | Watch Video
US Secretary of State Marco Rubio speaks to the press before boarding his plane at Homestead Air Reserve Base
Marco Rubio Set For India Visit On May 23; Trade, Energy, Defence Ties To Be Discussed
This will be his first visit to India and he is expected to discuss energy security, trade, and defense cooperation during meetings with senior Indian officials.