Thu, Feb 1, 2024 1:24 PM
Industrial stocks correct after Rs 11.11 lakh crore capex allocation
A Flip by Shubhangi Gupta
📌Rajesh Power Services Ltd offering a fresh issue of 27.9 lakh shares aggregating to ₹93.47 crore and OFS component of 20 lakh shares aggregating to ₹67 crore. 📌Rajputana Biodiesel Ltd issue of 19 lakh shares through a book-built issue aiming to raise ₹24.70 crore from the stock market. 📌Abha Power and Steel Ltd is offering a fresh issue of 41.39 lakh equity shares.
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Globally, the size of the textile trading industry is estimated at $800 billion. India's textile industry aims to reach $100 billion in exports by 2030, with a 19% CAGR over six years, driven by catalysts like PLI and FTA with the EU/UK, and the 'China plus one' theme, which could generate 3 million direct jobs and investments of Rs 200,000 crore.
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The Odisha state cabinet has amended the Industrial Policy Resolution 2015, allowing industries to claim government incentives within two years of project commissioning, up from one year, with the option to apply for delay condonation; a one-time relaxation is also offered for investors who missed the deadline but apply before June 2023.
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