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Premier Energies Commissions India's Largest Solar Cell Plant

Premier Energies Commissions India's Largest Solar Cell Plant

•Premier Energies commissioned a 7 GW solar cell project in Andhra Pradesh, increasing total capacity to 10.6 GW.

•The Rs 3,293 crore facility is India's largest solar cell manufacturing plant, utilizing advanced N-type TOPCon G12R technology.

•The new plant produces 88,000 solar cells per hour and strengthens Premier Energies' value chain with ingot and wafer projects.

•The facility was developed across 101 acres and is expected to enhance supply reliability and operating efficiency.

Furlenco Eyes ₹1,200 Cr IPO At ₹7,000 Cr Valuation: Report

Furlenco Eyes ₹1,200 Cr IPO At ₹7,000 Cr Valuation: Report

•Furlenco plans to raise ₹1,000-1,200 Cr through an IPO in FY28, seeking a valuation of around ₹7,000 Cr.

•The startup is expected to appoint ICICI Securities as an advisor for the IPO, with final valuation depending on market conditions and investor feedback.

•Furlenco turned profitable in FY25 and expanded its bottom line in FY26, with operating revenue surging 61.9% to ₹370.4 Cr.

•Founded in 2012 by Ajith Mohan Karimpana, Furlenco operates a subscription-driven furniture and appliance rental platform in 28 cities.

AceVector files RHP for Rs 287 Cr fresh issue, turns free cash flow positive in FY26

AceVector files RHP for Rs 287 Cr fresh issue, turns free cash flow positive in FY26

•AceVector files RHP with SEBI for a Rs 287 Cr fresh issue and an offer for sale by existing shareholders.

•The IPO will raise Rs 287 Cr, with existing shareholders selling up to 4.12 Cr shares, including Starfish I Pte. Ltd. and Nexus entities.

•AceVector turned free cash flow positive in FY26, generating Rs 10.82 Cr in adjusted free cash flow from operations.

•The IPO will open on September 25, with proceeds to strengthen Snapdeal's technology infrastructure and pursue growth opportunities.

Zepto Cafe cuts footprint across cities, scales back menu after expansion

Zepto Cafe cuts footprint across cities, scales back menu after expansion

•Zepto Cafe has reduced its footprint to 250-350 locations from 850-900 in 2024 after rapid expansion.

•The company has also scaled back its menu and sold equipment from shuttered outlets to improve operations.

•Zepto Cafe's contribution to the company's overall business has declined from 8-9% to 2-3% in the last year.

•The company may shut more locations and focus on high-performing markets with stronger demand.

PB Health targets 150 hospitals, expansion into Tier-II, III cities

PB Health targets 150 hospitals, expansion into Tier-II, III cities

•PB Health plans to create a network of 150 hospitals across 50+ cities in 5-6 years, with 15,000-20,000 beds.

•The company will expand beyond NCR into Tier-2 and Tier-3 cities, with four facilities expected by March 2027.

•PB Health aims to raise ~10,000 crore to fund expansion, with a goal of break-even by March and ~500 crore run-rate revenue by FY27.

•The company will leverage Policybazaar's insurance customer base and technology to reduce hospitalization and manage chronic conditions.

JPMorgan's Dimon backs Chandrasekaran, warns Tata rift could hit investment

JPMorgan's Dimon backs Chandrasekaran, warns Tata rift could hit investment

•Jamie Dimon praises Tata Sons Chairman Natarajan Chandrasekaran, calling him "a great leader."

•Dimon warns Tata Sons' governance conflict may deter foreign investors, citing concerns about public transparency and governance standards.

•The conflict involves Tata Trusts, which owns 66% of Tata Sons, and the company's board, which recently overruled two proposals.

•Dimon says consistent governance is essential for attracting global capital, expressing concern about the situation's impact on foreign investment.

Berger Paints ramps up expansion to fend off Birla Opus, JSW Dulux

Berger Paints ramps up expansion to fend off Birla Opus, JSW Dulux

•Berger Paints is expanding its business to fend off rivals Birla Opus and JSW Dulux, with a focus on weaker markets in Mumbai, Pune, Chennai, and Bengaluru.

•The company plans to launch luxury paints and open 250 exclusive outlets annually, reaching 2,500 by March 2029, to boost sales and market share.

•Berger is investing ₹2,000 crore in new manufacturing facilities in West Bengal and Odisha, and widening its distribution network to drive sales and growth.

•The company aims to hold its 20% market share and gain an extra 0.5% if market conditions align with its plans.

Sterling and Wilson Renewable Energy secures orders worth ₹985 crore

Sterling and Wilson Renewable Energy secures orders worth ₹985 crore

•Sterling and Wilson Renewable Energy secured orders worth ₹985 crore, including a 534.3 MWp project in Rajasthan and two 616 MWh Battery Energy Storage System projects in South Africa.

•The Rajasthan project involves a Balance of System package and will reduce carbon dioxide emissions by approximately 0.80 million upon commissioning.

•The South African order is from a repeat customer, awarding SWREL a BESS turnkey engineering, procurement, and construction project.

•Chandra Kishore Thakur, Global CEO, praised the orders, citing customer confidence in SWREL's capabilities and consistent project execution.

Borosil Renewables targets ₹2,500 crore revenue as capacity rises 60%

Borosil Renewables targets ₹2,500 crore revenue as capacity rises 60%

•Borosil Renewables targets ₹2,500 crore revenue by FY28.

•The company plans to expand production capacity by 60% to 1,600 TPD by Q1FY28.

•Two new furnaces will be added at the Bharuch plant to increase daily output to 600 tonnes.

•The expansion aims to meet growing demand from India's solar manufacturing industry.

Sebi settles proceedings against 5 Adani firms over disclosure violations

Sebi settles proceedings against 5 Adani firms over disclosure violations

•Sebi settled proceedings against 5 Adani group companies over disclosure violations, with firms paying Rs 1.50 crore.

•Adani Enterprises paid Rs 76.05 lakh, while Adani Green Energy paid Rs 45.50 lakh, and others paid Rs 9.75 lakh each.

•Proceedings stemmed from Sebi's examination into Hindenburg report allegations and corporate governance issues.

•Companies allegedly non-disclosed related-party transactions and signed audit reports without peer review certificates.

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Mango Bite

Bite-sized news, sorted by newest first

Premier Energies Commissions India's Largest Solar Cell Plant

Premier Energies Commissions India's Largest Solar Cell Plant

•Premier Energies commissioned a 7 GW solar cell project in Andhra Pradesh, increasing total capacity to 10.6 GW.

•The Rs 3,293 crore facility is India's largest solar cell manufacturing plant, utilizing advanced N-type TOPCon G12R technology.

•The new plant produces 88,000 solar cells per hour and strengthens Premier Energies' value chain with ingot and wafer projects.

•The facility was developed across 101 acres and is expected to enhance supply reliability and operating efficiency.

1d ago
Furlenco Eyes ₹1,200 Cr IPO At ₹7,000 Cr Valuation: Report

Furlenco Eyes ₹1,200 Cr IPO At ₹7,000 Cr Valuation: Report

•Furlenco plans to raise ₹1,000-1,200 Cr through an IPO in FY28, seeking a valuation of around ₹7,000 Cr.

•The startup is expected to appoint ICICI Securities as an advisor for the IPO, with final valuation depending on market conditions and investor feedback.

•Furlenco turned profitable in FY25 and expanded its bottom line in FY26, with operating revenue surging 61.9% to ₹370.4 Cr.

•Founded in 2012 by Ajith Mohan Karimpana, Furlenco operates a subscription-driven furniture and appliance rental platform in 28 cities.

1d ago
AceVector files RHP for Rs 287 Cr fresh issue, turns free cash flow positive in FY26

AceVector files RHP for Rs 287 Cr fresh issue, turns free cash flow positive in FY26

•AceVector files RHP with SEBI for a Rs 287 Cr fresh issue and an offer for sale by existing shareholders.

•The IPO will raise Rs 287 Cr, with existing shareholders selling up to 4.12 Cr shares, including Starfish I Pte. Ltd. and Nexus entities.

•AceVector turned free cash flow positive in FY26, generating Rs 10.82 Cr in adjusted free cash flow from operations.

•The IPO will open on September 25, with proceeds to strengthen Snapdeal's technology infrastructure and pursue growth opportunities.

1d ago
Zepto Cafe cuts footprint across cities, scales back menu after expansion

Zepto Cafe cuts footprint across cities, scales back menu after expansion

•Zepto Cafe has reduced its footprint to 250-350 locations from 850-900 in 2024 after rapid expansion.

•The company has also scaled back its menu and sold equipment from shuttered outlets to improve operations.

•Zepto Cafe's contribution to the company's overall business has declined from 8-9% to 2-3% in the last year.

•The company may shut more locations and focus on high-performing markets with stronger demand.

1d ago
PB Health targets 150 hospitals, expansion into Tier-II, III cities

PB Health targets 150 hospitals, expansion into Tier-II, III cities

•PB Health plans to create a network of 150 hospitals across 50+ cities in 5-6 years, with 15,000-20,000 beds.

•The company will expand beyond NCR into Tier-2 and Tier-3 cities, with four facilities expected by March 2027.

•PB Health aims to raise ~10,000 crore to fund expansion, with a goal of break-even by March and ~500 crore run-rate revenue by FY27.

•The company will leverage Policybazaar's insurance customer base and technology to reduce hospitalization and manage chronic conditions.

1d ago
JPMorgan's Dimon backs Chandrasekaran, warns Tata rift could hit investment

JPMorgan's Dimon backs Chandrasekaran, warns Tata rift could hit investment

•Jamie Dimon praises Tata Sons Chairman Natarajan Chandrasekaran, calling him "a great leader."

•Dimon warns Tata Sons' governance conflict may deter foreign investors, citing concerns about public transparency and governance standards.

•The conflict involves Tata Trusts, which owns 66% of Tata Sons, and the company's board, which recently overruled two proposals.

•Dimon says consistent governance is essential for attracting global capital, expressing concern about the situation's impact on foreign investment.

1d ago
Berger Paints ramps up expansion to fend off Birla Opus, JSW Dulux

Berger Paints ramps up expansion to fend off Birla Opus, JSW Dulux

•Berger Paints is expanding its business to fend off rivals Birla Opus and JSW Dulux, with a focus on weaker markets in Mumbai, Pune, Chennai, and Bengaluru.

•The company plans to launch luxury paints and open 250 exclusive outlets annually, reaching 2,500 by March 2029, to boost sales and market share.

•Berger is investing ₹2,000 crore in new manufacturing facilities in West Bengal and Odisha, and widening its distribution network to drive sales and growth.

•The company aims to hold its 20% market share and gain an extra 0.5% if market conditions align with its plans.

1d ago
Sterling and Wilson Renewable Energy secures orders worth ₹985 crore

Sterling and Wilson Renewable Energy secures orders worth ₹985 crore

•Sterling and Wilson Renewable Energy secured orders worth ₹985 crore, including a 534.3 MWp project in Rajasthan and two 616 MWh Battery Energy Storage System projects in South Africa.

•The Rajasthan project involves a Balance of System package and will reduce carbon dioxide emissions by approximately 0.80 million upon commissioning.

•The South African order is from a repeat customer, awarding SWREL a BESS turnkey engineering, procurement, and construction project.

•Chandra Kishore Thakur, Global CEO, praised the orders, citing customer confidence in SWREL's capabilities and consistent project execution.

1d ago
Borosil Renewables targets ₹2,500 crore revenue as capacity rises 60%

Borosil Renewables targets ₹2,500 crore revenue as capacity rises 60%

•Borosil Renewables targets ₹2,500 crore revenue by FY28.

•The company plans to expand production capacity by 60% to 1,600 TPD by Q1FY28.

•Two new furnaces will be added at the Bharuch plant to increase daily output to 600 tonnes.

•The expansion aims to meet growing demand from India's solar manufacturing industry.

1d ago
Sebi settles proceedings against 5 Adani firms over disclosure violations

Sebi settles proceedings against 5 Adani firms over disclosure violations

•Sebi settled proceedings against 5 Adani group companies over disclosure violations, with firms paying Rs 1.50 crore.

•Adani Enterprises paid Rs 76.05 lakh, while Adani Green Energy paid Rs 45.50 lakh, and others paid Rs 9.75 lakh each.

•Proceedings stemmed from Sebi's examination into Hindenburg report allegations and corporate governance issues.

•Companies allegedly non-disclosed related-party transactions and signed audit reports without peer review certificates.

1d ago