TruAlt Bioenergy files IPO papers; aims to raise Rs 750 crore via fresh issue

TruAlt Bioenergy files IPO papers; aims to raise Rs 750 crore via fresh issue

Leading biofuel producer TruAlt Bioenergy Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a mix of fresh issuance of equity shares worth Rs 750 crore and an offer for sale (OFS) of up to 36 lakh equity shares by promoters, according … Read more

sugar production: India’s Oct 1-Jan 15 sugar output drops 7% y/y: Industry body

sugar production: India’s Oct 1-Jan 15 sugar output drops 7% y/y: Industry body

Indian mills produced 14.87 million metric tons of sugar between Oct. 1 and Jan. 15, a 7% fall from the previous year, because of lower output in key producing Maharashtra and Karnataka states, a leading industry body said on Wednesday. Maharashtra’s sugar production fell to 5.1 million tons from 6.09 million tons, while Karnataka’s production … Read more