Indebted group is looking to sell operational solar portfolio to Adani for Rs 3,000 crore.
This cashflow would be used to gradually ramp up the production to 27 MT over the next few years.
Reflecting the trend, shares of Indian chemical companies have hit record highs.
Focus on strong balance sheets. It could be infra, proxies to infra or large corporate banks, says Shah
From a macro perspective, India probably offers a better cushion, says Morgan Stanley India MD.
Going by that valuation yardstick, it might not be incorrect to say that even JSW Steel could be overpaying for Bhushan’s assets.
The earnings of Indian metal companies are primarily linked to steel, aluminium and zinc prices.
Net revenue climbed 7.5 per cent on-year to Rs 28,546 crore.
The proposed expansion in FY20 matches that of market leader IndiGo.
The benchmark Nifty’s year-to-date gain is now 10.2 per cent in dollar value.
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