Latest news with #GreenfieldProject
Hindustan Times
06-05-2025
- Business
- Hindustan Times
Mohali: Now, wait till September for Greenfield project
With work still pending on the Greenfield Alignment Project, which is expected to decongest the Airport Road in Mohali, the National Highways Authority of India (NHAI) has set a fresh deadline for its completion -- September 2025. A Maharashtra-based company, which was allotted the work in October 2022, had earlier been given time till June 2025. A senior NHAI official said, 'Nearly 82% of the work has been completed and we can expect the project to be complete by September 2025.' The 31-kilometre road, from IT Chowk (PR-7) near Chandigarh International Airport to Kurali-Chandigarh road, is being built in an area that has never been developed. NHAI had come up with the Greenfield Project after scrapping the 40-km Kharar-Banur-Tepla road project in July 2019, owing to its high cost. Once complete, it will help ease traffic in Chandigarh and Zirakpur by serving as an alternative route for those from Delhi heading towards Himachal Pradesh and Jammu & Kashmir. The total cost of the project is nearly ₹1,400 crore, out of which ₹700 crore has been given for land compensation and the remaining ₹700 crore is for the construction of the highway. In 2021, the project had been put on hold for nearly eight months as landowners were protesting the rates being offered for their land. The NHAI had then approved a four-fold increase in the compensation amount for landowners. While earlier the NHAI was to pay between ₹24 lakh and ₹4.18 crore per acre, depending on the location, now they have approved a compensation of ₹1 crore and ₹1.09 crore per acre to those who were to get ₹24 lakh per acre. NHAI had released ₹700 crore to acquire 450 acres in 28 villages and the district revenue officer has already disbursed compensation amount to landowners. Out of a total of 28 villages, 21 are from Kharar tehsil, while six villages are from Mohali tehsil.
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Business Standard
05-05-2025
- Business
- Business Standard
Arunaya Organics IPO allotment today; check status, GMP, likely listing
Arunaya Organics IPO allotment status: The basis of allotment of shares for Arunaya Organics is expected to be finalised today, Monday, May 5, 2025. The initial public offering (IPO) of Arunaya Organics, which closed its three-day subscription window on Friday, May 2, received a muted response from investors, with the offering being oversubscribed by nearly 2.53 times. Once the allotment of Arunaya Organics IPO shares is finalised, investors can check their status on the official websites of the NSE and Bigshare Services, the registrar for the IPO. Alternatively, investors can follow these direct links to check the Arunaya Organics IPO allotment status online: Check Arunaya Organics IPO allotment status on NSE: Check Arunaya Organics IPO allotment status on Bigshare Services: Arunaya Organics IPO details The SME offering, valued at around ₹33.99 crore, comprises a fresh issue of 5.26 million equity shares and an offer for sale (OFS), with promoter Shivali Agrawal divesting 0.6 million equity shares. The public issue was open for subscription from Tuesday, April 29, 2025, to Friday, May 2, 2025. It was available at a price band of ₹55-58 per share, with a lot size of 2,000 shares. Arunaya Organics will not receive any proceeds from the OFS; these will go to the promoter selling shares. The company plans to utilize the proceeds from the fresh issue to set up a new manufacturing facility located at D-3/26/3, Dahej III, Industrial Estate, Dahej-392130, Vagra, Bharuch, Gujarat (Proposed Greenfield Project), and for funding the company's working capital requirements. The proceeds will also be used for general corporate purposes. Arunaya Organics IPO grey market premium (GMP), listing date The unlisted shares of Arunaya Organics were trading flat at ₹58 apiece, according to sources tracking unofficial market activities. Therefore, the grey market premium (GMP) for the Arunaya Organics IPO remains nil as of Monday, May 5. Shares of Arunaya Organics are expected to debut on the NSE SME platform tentatively on Wednesday, May 6, 2025. The current GMP trend indicates a flat listing of the company's shares. However, it is important to note that GMP is an unregulated market indicator and should not be relied upon for determining the company's market performance. About Arunaya Organics Arunaya Organics is engaged in the trading and manufacturing of different types of dyes and their intermediates. A significant portion of the company's revenue is generated from outsourcing its key function, i.e., the manufacturing of finished products, to its group company, Chinmay Chemicals. The company supplies a comprehensive range of products, including reactive, acid, direct, basic, and solvent dyes, as well as dye intermediates. Arunaya Organics' production facility, located at C-8, GIDC Estate, Naroda, Ahmedabad, Gujarat, India, has an annual capacity of approximately 30 metric tons per annum.
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Business Standard
29-04-2025
- Business
- Business Standard
Arunaya Organics IPO opens; check price band, lot size, GMP, key dates
Arunaya Organics IPO opens for subscription: The initial public offering (IPO) of Arunaya Organics opens for public subscription today, April 29, 2025. At the upper end, the company seeks to raise ₹33.99 crore from the public offering, which comprises a fresh issue of 5.26 million equity shares and an offer for sale (OFS) with promoter Shivali Agrawal divesting of 0.6 million equity shares. Here are the key details of Arunaya Organics IPO: Arunaya Organics IPO price band, lot size The public offering is available at a price band of ₹55-58 per share, and the lot size is 2,000 shares. Investors can bid for a minimum of 2,000 shares and in multiples thereof. A retail investor would require a minimum of ₹1,16,000 to bid for one lot of 2,000 shares of Arunaya Organics IPO. Arunaya Organics IPO grey market premium (GMP) The unlisted shares of Arunaya Organics were trading flat at ₹58 apiece, according to sources tracking unofficial market activities. Thus, the grey market premium (GMP) for Arunaya Organics IPO remains nil as of Tuesday, April 29. Arunaya Organics IPO allotment date, listing date The three-day subscription window to bid for the Arunaya Organics IPO is set to conclude on May 2, 2025. Following the closing of the subscription window, the basis of allotment of the company's shares is likely to be finalized on May 5, 2025. Shares of Arunaya Organics are expected to list on the NSE SME platform tentatively on May 7, 2025. Arunaya Organics IPO registrar, lead manager Bigshare Services serves as the registrar of the issue, while Unistone Capital acts as the sole book-running lead manager. Arunaya Organics IPO objective In its Red Herring Prospectus (RHP), Arunaya Organics has stated that it will not receive any proceeds from the OFS. "The Promoter Selling Shareholder will be entitled to the proceeds from the sale of their respective portion of the Offered Shares in the Offer for Sale, net of their respective share of the offer-related expenses and relevant taxes thereon." The company proposes to utilise the proceeds from the fresh issue for setting up a new manufacturing facility located at D-3/26/3, Dahej III, Industrial Estate, Dahej-392130, Vagra, Bharuch, Gujarat (Proposed Greenfield Project), and for funding working capital requirements of the company. The proceeds will also be used for general corporate purposes. About Arunaya Organics Arunaya Organics is engaged in the trading and manufacturing of different types of dyes and their intermediates. A significant portion of the company's revenue is generated from outsourcing its key function, i.e., the manufacturing of finished products, to its group company, Chinmay Chemicals Private Limited. The company supplies a comprehensive range of products, including reactive, acid, direct, basic, and solvent dyes, as well as dye intermediates. The company's production facility, located at C-8, GIDC Estate, Naroda, Ahmedabad, Gujarat, India, has an annual capacity of approximately 30 metric tons per annum.
