Ola Electric to Launch Rs.5500 Crore IPO

31 Jul 2024 CW Team

Ola Electric Mobility is set to launch its Initial Public Offering (IPO) on August 2, aiming to raise ?5500 crore. This move marks a significant milestone for the company, positioning it for accelerated growth and expansion in the electric vehicle (EV) sector.

The IPO will offer investors an opportunity to participate in Ola Electric's journey as it continues to innovate and lead in the EV market. The funds raised from the offering are expected to be used for scaling up production, advancing technology, and expanding the company's footprint both domestically and internationally.

Ola Electric, a key player in India's burgeoning electric mobility sector, has gained prominence for its electric scooters and other green transportation solutions. The IPO is anticipated to boost the company's financial position and support its strategic goals of enhancing product offerings and increasing market share.

The decision to go public reflects Ola Electric's confidence in its growth trajectory and its commitment to driving the future of sustainable transportation. By accessing public capital, the company aims to accelerate its R&D efforts, expand its manufacturing capabilities, and further its mission of making electric mobility more accessible to a broader audience.

Investors are expected to closely watch the IPO as a gauge of market sentiment towards the EV sector and Ola Electric's potential for long-term value creation. The successful launch of the IPO will not only provide the company with necessary capital but also enhance its visibility and credibility in the financial markets.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..