Latest news with #GasInsulatedSubstations
Mint
07-08-2025
- Business
- Mint
Parth Electricals & Engineering to be finalised today. Latest GMP, steps to check share allotment status online
Parth Electricals & Engineering IPO allotment in focus: The allotment for Parth Electricals & Engineering is expected to be finalized today, August 07. Investors can check their allotment status through the registrar, Kfin Technologies Limited, or the NSE website. The IPO, which was open for bidding from August 04 to August 06, saw a robust response from investors, being subscribed 23.77 times. Specifically, the non-institutional investor (NII) segment was oversubscribed 43.93 times, while the retail portion was oversubscribed 20.28 times and the QIB was booked at 17.65 times. The IPO price was set at ₹ 170 per share. Given the high level of retail oversubscription, shares will be allocated to retail individual investors (RIIs) on a proportional basis. Those who do not receive an allotment can expect the refund process to start on August 07, 2025. The IPO is scheduled to list on NSE SME on Monday, August 11. The company proposes to use the issue proceeds towards establishing a GIS manufacturing facility in Gujarat, establishing a manufacturing facility in Odisha, repayment of short-term borrowings, and general corporate purposes. According to market sources, the GMP of the Parth Electricals & Engineering IPO on Thursday was 14, indicating that the stock is likely to list at 184 apiece, 8.23% higher than the IPO price of ₹ 170 apiece. Step 1: Visit the IPO registrar's website on this link— Step 2: Choose 'Parth Electricals & Engineering' in the Select IPO dropdown menu. Step 3: Select either Application No., Demat Account, or PAN. Step 4: Enter the details as per the option selected. Step 5: Enter the Captcha code and click on Submit. Your Parth Electricals & Engineering IPO allotment status will be displayed on the screen. Step 1: Visit the NSE allotment status page on its website here: Step 2: Select 'Equity and SME IPO bids' Step 3: Choose 'Parth Electricals & Engineering' from the Issue Name dropdown menu. Step 4: Enter your PAN and application number. Your Parth Electricals & Engineering IPO allotment status will be displayed on the screen. Parth Electricals and Engineering Limited is a service-oriented firm that evolved into a manufacturing entity specializing in electrical equipment. The company offers products such as Medium Voltage (MV) switchgear panels, Vacuum Circuit Breaker (VCB) panels, Earth Link Boxes, Control and Relay Panels (CRP), and Compact Substations (CSS). It also offers installation, testing, commissioning, and turnkey execution for Air Insulated Substations (AIS) and Gas Insulated Substations (GIS) up to 220 kV, along with High Voltage (HV) and Extra High Voltage (EHV) cable laying projects. The company's clientele includes Aditya Birla, Ultratech Cement, L&T, RIL, Adani, Tata Power, Schneider Electric, BHEL, Tata Steel, Siemens, GFL, Jindal Steel & Power, and many more. The company's manufacturing facility is situated in Manjusar, Vadodara. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
10-06-2025
- Business
- Time of India
L&T bags major grid infrastructure orders in India and Middle East
Larsen and Toubro 's (L&T) Power Transmission & Distribution (PT&D) on Tuesday announced that it has secured major new grid infrastructure orders in India and abroad. According to the company's project classification, the order ranges between ₹5,000 to 10,000 crore. In India, the company has bagged contracts to build 765kV and 400kV transmission lines, which are vital for the integration of a Renewable Energy Zone (REZ) located in Andhra Pradesh Expanding its international footprint, L&T's PT&D business has also secured orders in the Middle East. The scope of these orders includes the execution of a set of 220kV and 132kV Gas Insulated Substations (GIS) on a turnkey basis. Larsen & Toubro's PT&D business is a key player in the global energy infrastructure sector, offering a comprehensive range of integrated solutions from design and manufacturing to supply, construction, and commissioning of high-voltage transmission lines, substations, and distribution projects. They are also active in industrial project electrification, instrumentation, and control systems.
Business Upturn
10-06-2025
- Business
- Business Upturn
L&T secures major orders worth up to 10,000 crore for Power Transmission & Distribution business
Larsen & Toubro (L&T) today announced that its Power Transmission & Distribution (PT&D) business has secured major orders, classified in the ₹5,000 – ₹10,000 crore range, for grid infrastructure projects in both domestic and international markets. In India, the business has won an order to construct 765kV and 400kV transmission lines associated with the integration of a Renewable Energy Zone in Andhra Pradesh. This project is aligned with India's ongoing energy transition efforts and will play a key role in enhancing green power evacuation infrastructure. In the Middle East, PT&D has received turnkey orders to establish 220kV and 132kV Gas Insulated Substations (GIS). These contracts have been awarded by prominent transmission asset owners and operators in the respective countries. The new orders reinforce PT&D's capabilities in executing complex power transmission projects and mark a strategic step toward supporting global sustainable energy goals. In the meantime, Larsen & Toubro shares opened at ₹3,704 and hit a low of ₹3,667.20 during early trade. The stock remains close to its 52-week high of ₹3,963.50, showing strong medium-term momentum. Its 52-week low stands at ₹2,965.30. About L&T: Larsen & Toubro is a USD 30 billion Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, with operations across multiple geographies. The company has maintained leadership across key sectors for over eight decades through a strong customer-centric approach and commitment to quality. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
