CleanMax To Float Rs 31 billion (bn) IPO On 23 February

23 Feb 2026 CW Team

CleanMax plans to float an initial public offering of Rs 31 billion (bn) on 23 February, the company said in a filing. The proposed offer will mark a major capital markets move by the renewable energy developer as it seeks to expand operations and strengthen its balance sheet. The filing indicated that the issue size reflects the company's capital raising plans for capacity addition and general corporate purposes. The proposed timetable indicates a focused push to secure long term capital for operational scaling.

The company said the sale will provide fresh equity to support growth and deleverage existing borrowings, while positioning it for larger project bids. Observers expect investor appetite for green assets to support the listing and help determine pricing, the filing suggested. The timeline set for the offer suggests the company aims to complete listing in the near term. Investor subscription patterns will be monitored closely during the bookbuilding window.

The share sale follows a trend of renewable energy firms tapping public markets to fund expansion and will attract attention from institutional investors and retail participants. The company will disclose further details on price band, bidding dates and allocation in subsequent filings, which investors will scrutinise to assess valuation. The move is likely to be watched by peers and policymakers tracking the clean energy transition. Market participants will evaluate the pricing in relation to renewable sector benchmarks and recent listings.

If the offer proceeds as planned, the funds are expected to bolster the company's pipeline and enable delivery of projects under construction, the filing added. Bankers and legal advisers are managing preparations, with bookbuilding and regulatory approvals forming part of the process. The timing comes amid a broader push for renewable capacity and increasing capital flows into sustainable infrastructure.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..