Latest news with #PESO
Time of India
11-05-2025
- Time of India
Cops seize ‘explosives' from abandoned truck near Bassi
Jaipur: The city police discovered suspected explosives in a deserted pick-up truck near Mohanpura bridge in Jaipur Saturday. Officials at Bassi police station confiscated 2,075 kg of substances that appeared to be explosive materials from the location. The authorities notified the Petroleum and Explosives Safety Organization (PESO) regarding the seizure. An FIR was registered at Bassi police station concerning the discovered (Bassi) Mahesh Sharma said that the explosives discovered were ammonium nitrate . According to officials, the suspicious vehicle was first noticed by Head Constable Shyamlal around 2.30am Friday night. The truck was parked in front of a tea stall with no driver in sight. Upon being alerted, DO ASI Jaswant Singh and his team arrived at the location and discovered several cartons and plastic bags labeled with "Ammonium Nitrate," both commonly associated with high-powered explosive compounds. Upon inspection, the police found 63 cartons weighing 25kg each and 10 plastic bags labeled 50kg each, filled with a granular white substance, suspected to be ammonium nitrate. In total, 2,075kg of suspected explosives were police traced the pick-up's registration to one Ishwar, a resident of Mandal in Bhilwara, but neither the owner nor the driver contacted authorities. The vehicle's steering was locked, and it was towed to the police station with the help of a Petroleum and Explosives Safety Organization (PESO) has been informed and is expected to collect samples for verification. Officials said further investigation will proceed after PESO's analysis."The presence of such a large quantity of explosive material without any valid documentation or supervision is highly concerning. The source, purpose, and legality of the consignment are now under investigation," said an official. Get the latest lifestyle updates on Times of India, along with Mother's Day wishes , messages , and quotes !
The Hindu
04-05-2025
- Entertainment
- The Hindu
Sample fireworks set the sky aflame in Thrissur
With regulations eased at Thrissur Pooram this year, fireworks enthusiasts were treated to a closer, clearer view than usual at the sample show (first round of fireworks) on Sunday, thanks to improved viewing access. Both Thiruvambady and Paramekkavu devaswoms delivered on every expectation, setting the night ablaze with a breathtaking fusion of colour and sound. They didn't just put on a show; they took the crowd on a euphoric ride. The fact that it fell on a Sunday added to the excitement, as a sea of people began flowing into the city by noon. As traffic restrictions kicked in by afternoon, vehicles were parked on the city outskirts, and hordes of spectators made their way on foot to the iconic Swaraj Round. Tradition of delay Scheduled to begin at 7 p.m., the sample fireworks stuck to the tradition of starting fashionably late. Thiruvambady led the charge by 7.30 p.m., opening with thunderous 'kuzhiminnal' (ground-shaking bombs) that sent a pulse of raw energy through the city. What followed was a medley of 'olappadakkam,' 'gundu,' and 'amittu' — each explosion punctuated by rhythmic roars from the crowd. Thiruvambady's sample built up to a dazzling climax, painting the sky in a storm of colour and sound, igniting a chorus of jubilation from the packed crowd. Then came Paramekkavu's turn. As the smoke from Thiruvambady's finale drifted from the skyline, Paramekkavu lit their first fuse by 8.30 p.m. Their fireworks began with deep rumbles and soon escalated into a full-blown sonic spectacle. A seamless fusion of ola, kuzhiminnal, gundu, and amittu bloomed overhead, casting brilliant hues over the city. 'Amittu' blooms Both groups wrapped up their displays with signature amittu blooms, unleashing a symphony of colours. Children clapped with delight mesmerised by the sheer brilliance of the blooms unfolding above them. This year, a notable change was the repositioning of the fire lines. In compliance with PESO (Petroleum and Explosives Safety Organisation) guidelines and to ensure better crowd management, both groups moved their firing zones slightly deeper into the Thekkinkadu maidan. This adjustment not only ensured safe distance between the fireworks and spectators, but also allowed more people to enjoy the show from Swaraj Round. Thrissur Pooram will be celebrated on May 6 and the main fireworks' display will be in the early hours of Wednesday.
The Hindu
01-05-2025
- The Hindu
Procedural lapse suspected in Yadadri propellant unit blast, PESO launches probe
A suspected lapse in standard operating procedures may have triggered the deadly explosion at Premier Explosives Limited in Katepalli village, Yadadri Bhuvanagiri district, on Tuesday evening, senior officials from the Telangana Factories Department said. The blast killed three workers and left at least six others injured, five of whom remain in critical condition. The incident was reported on Tuesday evening in the propellant mixing unit of the facility when two powerful propellants, including hydroxyl-terminated polybutadiene (HTPB) and dioctyl Adipate (DOA), were being mixed. The force of the blast brought down the entire structure, reducing it to rubble within minutes. 'Even slight deviations in operating protocols such as the quantity of propellant used, the mixing method, or environmental factors — can result in an explosion like this,' a senior official from the Factories Department told The Hindu. Preliminary inspections revealed no structural deficiencies in the plant. 'The facility undergoes regular checks for physical infrastructure issues. This incident appears to have stemmed purely from procedural errors during operations. A detailed probe will be conducted by the Petroleum and Explosives Safety Organisation (PESO),' the official added. Officials from PESO, based in Pune, the Telangana State Forensic Science Laboratory, the Department of Labour, and other agencies have since inspected the blast site and initiated detailed investigation. The condition of five injured workers remains critical as they are undergoing treatment in Yashoda Hospital in Hyderabad. As per the information shared by the hospital, Srikanth Barla, 35, Srikanth Rajaboina, 32 and Mahesh Yadav Nalla, 27 with 80%, 75% and 30% thermal burns respectively are on ventilator support, Lingaswamy Bugga, 30, with 25% burns and other injuries is under observation in the Intensive Care Unit (ICU) and Mahesh Salendra, 21, with soft injury is in the general ward. Meanwhile, routine operations have resumed in other units of the facility, which remain unaffected by the blast. Premier Explosives Ltd. has long been engaged in the manufacture of explosives for both commercial purposes and strategic clients, including the Defence Research and Development Organisation (DRDO). According to the company's official website, it supplies solid propellants for some high-profile missile systems such as Akash, Astra, and LRSAM, developed by the DRDO.
&w=3840&q=100)
Business Standard
30-04-2025
- Business
- Business Standard
Tankup Engineers shares list at 25% premium, surpassing IPO GMP estimates
Tankup Engineers IPO listing today: Shares of mobility and storage solutions provider Tankup Engineers made a solid debut on the NSE SME on April 30, following the completion of its Initial Public Offering (IPO). Tankup Engineers shares listed at ₹175 apiece on the NSE, reflecting a premium of ₹35 per share or 25 per cent against the issue price of ₹140 per share. Tankup Engineers IPO listing outperformed grey market estimates. Ahead of the listing, the unlisted shares of Tankup Engineers were trading at around ₹148 apiece, reflecting a grey market premium (GMP) of ₹8 or 5.71 per cent over the issue price, according to sources tracking unofficial market activity. Tankup Engineers IPO details The SME offering, valued at around ₹19.53 crore, comprised an entirely fresh issue of 1.4 million equity shares with no offer-for-sale (OFS) component. The public issue was open for subscription from Wednesday, April 23, 2025, to Friday, April 25, 2025. Tankup Engineers raised ₹5.39 crore from anchor investors on the bidding concluded on April 22, 2025. ALSO READ | The Tankup Engineers IPO was priced between ₹133–₹140 per share, with a lot size of 1,000 shares. The public offering garnered an overwhelming response from investors, getting oversubscribed by nearly 124.67 times. The highest demand came from Non-Institutional Investors (NIIs), who oversubscribed their category by 437.62 times, followed by retail investors at 46.51 times, and Qualified Institutional Buyers (QIBs) at 43.65 times. Tankup Engineers will utilise the proceeds from the public issue for the repayment, in full or in part, of certain outstanding borrowings. The remaining proceeds will be used for funding working capital requirements and general corporate purposes. Bigshare Services is the registrar for the issue, while Hem Securities served as the sole book-running lead manager. About Tankup Engineers Tankup Engineers manufactures vehicle superstructures and custom-built tanks for various industries. Their products include fuel tanks, refuelers, fire tenders, and ground support equipment. The company serves sectors such as agriculture, mining, construction, and aviation. With a 2,665 sq. m facility in Lucknow, the company holds ISO and PESO certifications. Tankup Engineers offers a diverse range of products with in-house fabrication capabilities and stringent quality control.
Mint
22-04-2025
- Business
- Mint
Upcoming IPO: Tankup Engineers IPO opens on April 23; issue price band set at ₹133-140 apiece; check GMP
Upcoming IPO: Tankup Engineers IPO will open for subscription on Wednesday, April 23, and close on Friday, April 25. Tankup Engineers IPO price band has been fixed in the range of ₹ 133 to ₹ 140 per equity share of face value of ₹ 10 each. Bids can be made for a minimum of 1,000 equity shares and in multiples of 1,000 equity shares thereafter. Established in 2020, Tankup Engineers Limited specializes in developing vehicle superstructures for intricate mobility and storage solutions. The firm provides a range of products, including self-bunded fuel tanks, mobile diesel bowsers, aircraft refuelers, fire tenders, and ground support equipment. The company focuses on creating custom-designed tanks for the transport or storage of liquids, gases, or solids, tailored to the specific requirements of clients in terms of size, material, capacity, and functional attributes. Its services cater to industries such as agriculture, mining, construction, logistics, aviation, defense, and infrastructure. The company operates a facility covering 2,665 sq. m in Lucknow, which is ISO certified and has received PESO approval, as well as holding MSME ZED certification for Zero Defect Zero Effect manufacturing. According to the red herring prospectus (RHP), there are no publicly traded companies in India that operate in a manner similar to our company; therefore, it is not feasible to present an industry comparison related to our business. Tankup Engineers IPO consists of a fresh issue of 13,95,000 equity shares, aggregating to ₹ 19.53 crore. There's no offer for sale (OFS) component. Tankup Engineers IPO aims to use the net proceeds from the offering for several purposes, including the full or partial repayment of certain existing borrowings, financing to address working capital needs, and general corporate purposes. Hem Securities Limited serves as the book-running lead manager for the Tankup Engineers IPO, whereas Bigshare Services Pvt Ltd acts as the registrar for the offering. Tankup Engineers IPO GMP or grey market premium was ₹ 0, which meant shares were trading at their issue price of ₹ 140 with no premium or discount in the grey market according to 'Grey market premium' indicates investors' readiness to pay more than the issue price.
