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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 .
KEC International shares climb 7% on Rs 1,754 crore order win
KEC International shares rose nearly 7% on Tuesday after the infrastructure EPC firm announced fresh orders worth Rs 1,754 crore across its Transmission & Distribution and Cables & Conductors businesses. The stock gained on strong order inflows, including overseas wins. The RPG Group company said the contracts span multiple segments, boosting visibility.
KEC International rises after bagging Rs 1,754-cr orders across T&D and cables businesses
KEC International rose 4.63% to Rs 539.15 after the company announced that it has secured new orders worth Rs 1,754 crore across its Transmission & Distribution (T&D) and Cables & Conductors businesses.
Trump May Visit India Early Next Year As Rubio Signals Push To Finalise Trade Deal
United States Secretary of State Marco Rubio
No Tolls Or Fees: Rubio Claims 'Zero' Backing From GCC For Iran Bid To Monetise Hormuz
US Secretary of State Marco Rubio, front left after a meeting with foreign ministers of the GCC member states in Manama, Bahrain, on Thursday.
Hormuz Doesn't Belong To Anyone; Tolls Set 'Unacceptable Precedent': Marco Rubio
The remarks came as Rubio held talks with GCC ministers as part of a three-day regional tour.
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.
Hormuz Blockade Violations 'Won't Be Tolerated', Says Rubio As India Protests Death Of 3 Sailors
File image of US Secretary of State Marco Rubio
Zidane Headbutt, Lampard Ghost Goal To Suarez Bite Gate: FIFA World Cup's Most Infamous Controversies
Zinedine Zidane was sent off in the 2006 World Cup final after headbutting Italy's Marco Materazzi.
2028 Succession Plan? Trump Says Vance-Rubio Team 'Hard To Beat'
Trump praises JD Vance and Marco Rubio, fuelling speculation over the Republican 2028 ticket.
KEC International bags orders worth Rs 1,300 cr in India, overseas
KEC International has secured new orders totaling Rs 1,303 crore. These orders span across its transmission and distribution, civil, renewable, and cables and conductors businesses. The company received projects in India and international markets. These wins are expected to drive KEC International's future growth. The RPG Group company is a major player in global infrastructure EPC.