Bharat Highways IPO: 37% Subscribed on Day 1

04 Mar 2024 CW Team

On the first day of its Initial Public Offering (IPO), Bharat Highways Infrastructure Limited witnessed a subscription rate of 37%. The IPO, which opened for subscription, received a positive response from investors, reflecting confidence in the infrastructure sector.

Investors showed keen interest in Bharat Highways' IPO, subscribing to 37% of the offered shares. The strong start indicates market enthusiasm for infrastructure investment opportunities, emphasising the appeal of Bharat Highways' proposition.

Bharat Highways Infrastructure Limited aims to raise capital through the IPO to fund various infrastructure projects, including roads and highways. The subscription response on the opening day suggests a favourable market sentiment and an optimistic outlook on the company's growth prospects.

As the IPO continues, market watchers will be closely monitoring the subscription trends and investor participation. Bharat Highways' IPO performance is likely to influence discussions around infrastructure investments and contribute to the broader dialogue on economic development and investment opportunities in the infrastructure sector.

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..