PV Module Manufacturer Alpex Solar Seeks Rs. 75 Crore Through IPO At NSE Emerge Updated On Thu, Jan 25th, 2024 by Saurenergy The solar boom continues to make itself felt more publicly, with yet another firm, Alpex Solar, planning an IPO in February this year. Alpex solar has filed its Draft Red Herring Prospectus (DRHP) with NSE Emerge, for an IPO it hopes to complete during the month. The issue size comprises a fresh issue of 64,80,000 […] Read more
Nextracker Completes Separation from Flex, Now An Independent Firm Updated On Thu, Jan 4th, 2024 by Saurenergy Nextracker Inc. (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions, has announced the completion of Flex Ltd.’s spin-off of all of its remaining interests in Nextracker to Flex shareholders. This, together with certain other transactions relating to the spin-off also announced by Flex , resulted in a Nextracker ownership separation […] Read more
IREDA Reports Net NPA Reduction, Profit Jump In Q1 Fy24 Updated On Wed, Aug 16th, 2023 by Saurenergy Indian Renewable Energy Development Agency Ltd. (IREDA), a Mini Ratna (Category – I) Government of India enterprise under the administrative control of Ministry of New and Renewable Energy, has reported an all-time high Quarterly Profit After Tax (PAT) of Rs. 295 crores and Profit Before Tax (PBT) of Rs. 440 crores in the 1st Quarter […] Read more
Govt Issues Bid Seeking Registrar, RTA For Partial Disinvestment of IREDA Updated On Wed, May 17th, 2023 by Saurenergy The Ministry of Finance has now issued a tender seeking a Registrar and a Share Transfer Agent (RTA) for the listing and partial disinvestment of the Indian Renewable Energy Development Agency Limited (IREDA). The tender said that the engagement of the personnel would be done through an initial public offer to raise funds through the issue of […] Read more
Philippines-Based Altenergy is Awarded Three Offshore Wind Projects by DOE Updated On Mon, Feb 27th, 2023 by Saurenergy Alternergy Holdings Corporation, which develops renewable energy projects across the Philippines, has won three service offshore wind project contracts. These projects are over Tablas Strait which separates Mindoro and Antique. Alternergy revealed that it was awarded the contract by the Department of Energy (DOE) to Pililla AVPC Corp (PACO), which is the wind energy unit […] Read more
Tracker Maker Nextracker Set To Close Major Stock Offering Updated On Thu, Feb 9th, 2023 by Saurenergy Leading tracker and software firm Nextracker has priced its stock offering at $24, the upper end of the price band indicated earlier. The pricing indicates strong demand among investors, besides the strong outlook for growth in it’s home market in North America and beyond. Expected to raise about $638 million by selling 26.6 million shares […] Read more
Vikram Solar Limited files DRHP with SEBI Updated On Thu, Mar 24th, 2022 by Saurenergy Vikram Solar Limited (VSL), one of India’s largest solar module manufacturers, in terms of operational capacity, and also an integrated solar energy solutions provider offering engineering, procurement and construction (“EPC”) services, and operations and maintenance (“O&M”) services as of December 31, 2021, has filed its DRHP with SEBI. With this, VSL follows another industry leader, […] Read more
Post IPO, LG Energy Makes Splashy Debut On Exchange, Stock Doubles Updated On Thu, Jan 27th, 2022 by Saurenergy LG Energy Solution, whose IPO we had covered last week, has had a rocking start to its journey as a listed firm, with the stock doubling on its first day of trading on the Korean stock exchange. Seen in the context of weak global markets and the fears of a correction, the listing gains are […] Read more
LG Energy Solution’s $10.7 Billion IPO And Its Probable Impact Updated On Fri, Jan 21st, 2022 by Saurenergy The successful completion of LG Energy Solutions’s $ 10.8 billion IPO in South Korea values the battery maker at about $59 billion makes it the third largest listed firm on the Korean Kospi index, behind electronics giant Samsung and Hynix. The successful IPO signals just how large, and tough, the future of the battery business […] Read more
