GAIL infuses Rs 2,100 cr in JBF Petrochemicals
Fri, Jun 2, 2023 4:35 PM

GAIL infuses Rs 2,100 cr in JBF Petrochemicals

A Flip by Shubhangi Gupta
Get it on Google Play
GAIL has infused Rs 2,100 crore in insolvent private-sector chemical company JBF Petrochemicals Ltd that it had acquired in bankruptcy proceedings. The firm had in March won bankruptcy court approval for taking over JBF. In a stock exchange filing, GAIL (India) Ltd said it has "infused Rs 2,101 crore (equity - Rs 625 crore and debt - Rs 1,476 crore)" in the committed bankruptcy resolution plan.

More great flips

India leads in GenAI adoption, investment trends likely to rise

India leads in GenAI adoption, investment trends likely to rise

India leads globally in adopting GenAI technologies as a vast percentage of organisations incorporate GenAI in operations, and a majority of the populace expects increased investments and budget allocations towards Gen AI in the next 2-3 years, according to a recent report. Search analytics firm Elastic on Monday released the Generative AI Report that gathered insights from 3,200 IT decision.

Open Flip
Capex for EV components to exceed Rs 25k crore in next 3-4 years: ICRA

Capex for EV components to exceed Rs 25k crore in next 3-4 years: ICRA

Domestic auto parts industry has outlined a capital expenditure (capex) of Rs. 25,000 crore for EV components in the next three-four years for capacity building, technology and product enhancements, said ratings agency ICRA. The ratings agency projects the Indian electric two-wheeler component market potential to exceed Rs 1 lakh crore by 2030, while the e-passenger vehicle (e-PV) component.

Open Flip
Multibagger penny stock hits upper circuit for third day in a row

Multibagger penny stock hits upper circuit for third day in a row

Circuit-to-circuit stock: Shares of AA Plus Tradelink are one of the multibagger stocks that the Indian stock market has delivered in one year. In this period, AA Plus Tradelink share price has ascended nearly 160%. However, it seems that the BSE SME stock is still having some upside potential. The multibagger penny stock has been hitting the upper circuit for the last three sessions in a row.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon