DSIJ Mindshare

The ambitious project demands an estimated investment of a staggering USD 791 million over five years. But fear not, for the funding plan is as robust as the vision itself – a mix of subsidy, equity contributions from JV partners, and judiciously chosen debt.

Shares of the company gained more than 10 per cent in the last six months.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a slight gain of 50.41 points or 0.08 per cent.

The company's stellar performance in Q2FY24, recording a net profit of Rs 113 crore, has not only set a new benchmark but also witnessed a surge in operating profit margins from 14 per cent in December 2021 to an impressive 21 per cent in September 2023.

Indian equity markets rose by 0.4 per cent on Tuesday, tracking overnight gains in US stocks and positive news such as reports of peace talks between Israel and Hamas and a cool-off in oil prices. The Nifty 50 and BSE Sensex closed at 19,783 and 65,930 respectively. Mid-caps gained 0.14 per cent, while small-caps gained 0.2 per cent. The 11 stocks were advancing against every 10 declining stocks on Tuesday.