Vibhor Steel Tubes IPO: As per BSE data, the IPO recorded a subscription of 298.86 times on Day 3. By 6:51 pm, the issue received 1,07,36,25,300 bids against 35,92,445 shares on the block. The offering received more than 28 lakh applications and bids worth Rs 16,211 crore as per some estimates.
Vibhor Steel Tubes Ltd (VSTL) is setting up a new unit at Sundargarh in Odisha to scale up its total manufacturing capacity to 3.41 lakh tonne, a company official said on Wednesday. The Hisar-based steel maker presently has two plants one in Mahabubnagar, Telangana and one in Raigad, Maharashtra having a total installed capacity of 2.21 lakh tonne.
Jindal Drilling and Industries Ltd's rig Jindal Star commences operations under ONGC contract equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.