Page 2 - Inox

Adani Total Gas signs agreement with INOXCVA to strengthen LNG ecosystem

ATGL is authorised in 33 Geographical Areas and plays a significant role in the nation's efforts to enhance the share of natural gas in its energy mix

Interim Budget: Continuity of policies strongest feature, says Ajay Bijli

Inclusive development through direct benefit transfers, empowering the youth, women empowerment, focusing on health and housing for all

We are inching towards recovery, pre-pandemic numbers: PVR Inox MD

December has been our best month ever. We didn't expect Animal to do so well, but it did. Dunki did well in its genre, along with Salaar, Sam Bahadur, and 12th Fail

Inox Air Products signs $3 billion MoU with Maha for green ammonia plant

Inox Air Products on Tuesday said it has signed an MoU with the Maharashtra government here for setting up the state's first Green Ammonia Plant with a capacity of 500,000 MTPA and a planned outlay of USD 3 billion. The project is aimed to be commissioned in a 3-5 years timeline, the company said in a statement. The plant would produce Liquid Ammonia, which would be a climate-neutral Hydrogen carrier. The MoU was signed here at the Maharashtra pavilion which the state has set up to promote Maharashtra as an investment decision at the World Economic Forum Annual Meeting. Those present included Maharashtra Chief Minister Eknath Shinde, Industries Minister Uday Samant, Principal Secretary, Industries and Mining Harshdeep Kamble, and Siddharth Jain, Promoter and Director, INOX Group.

Shah Rukh Khan: The Return of the King

The three blockbuster films delivered by the Bollywood heartthrob show a definite turn in his oeuvre

IPO Wrap: Inox subscribed 61x, Muthoot Microfin is off to a good start

Public issuance of RBZ Jewellers, Happy Forging, and Credo Brands will be open for subscription tomorrow

Inox India secures Rs 438 crore from anchor investors ahead of IPO

Cryogenic tank maker Inox India Ltd on Wednesday collected Rs 438 crore from anchor investors, a day before its initial public offering (IPO). The company has allotted 66.33 lakh equity shares to 41 funds at Rs 660 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE's website. The investors participated in the anchor book include Abu Dhabi Investment Authority, Nomura, Goldman Sachs, ICICI Prudential Life Insurance Company, HDFC Life Insurance Company, SBI Mutual Fund (MF), HDFC MF, Nippon India MF, Axis MF, Aditya Birla Sun Life MF and Tata MF. The maiden public issue, with a price band of Rs 627 to Rs 660 per share, will open for subscription on December 14 and conclude on December 18. The Rs 1,459-crore initial share sale of Inox Group entity's InoxCVA is entirely an offer for the sale of 2.21 crore shares by its existing shareholders and promoters. Since the issue is completely an OFS, the Vadodara-based company will not receive any

Inox Wind Energy infuses Rs 800 cr in arm, firm to use money to clear debt

Inox Wind Energy Ltd (IWEL) on Monday said it has infused Rs 800 crore into Inox Wind Limited (IWL) and the subsidiary company will utilise the amount to clear a portion of its outstanding debt. IWEL had earlier raised Rs 800 crore through sale of equity shares of Inox Wind through block deals on the stock exchanges. "Inox Wind Energy Limited completes infusion of Rs 800 crore into Inox Wind Ltd. The funds received will be utilized to repay IWL's existing debt," IWEL in a regulatory filing on Monday. "For this cash consideration of Rs 800 crore, Inox Wind has allotted 0.01 per cent non convertible redeemable preference shares (NCRPS) of Rs 10 each to IWEL," a separate statement said. Kailash Tarachandani, the CEO of Inox Wind said the recent round of fundraising by IWL's promoter and the subsequent capital infusion into IWL is a significant step towards the company's aim of becoming a net-debt free company. INOXGFL Group is operating across two key verticals -- chemicals and renew

PVR Inox Q2FY24 result: Profit at Rs 166 cr; revenue rises to Rs 1,999 cr

The total income for Q2FY24 came in at Rs 2,023.7 crore, compared to Rs 702.4 crore year-on-year, registering a rise of 188.11 per cent

PVR INOX Passport: How to avail PVR INOX Passport subscription?

PVR INOX has launched a subscription plan for all the cinemagoers who love to watch movies in the theatre. Here's the complete update about the plan, and how to avail PVR INOX Passport Subscription

Inox Air to invest Rs 500 cr on gas purification facilities for chip fabs

Fifty different and extremely pure gases are required for fabricating chips, of which only eight are available in raw form in India

Moviegoers are back

Filmmakers will have to invest in understanding the changing tastes of moviegoers, in multiplexes and single screens, in order to improve their chances of success

PVR Inox gains good box office collection of Gadar 2, Jailer and OMG 2

Shares of PVR have improved around 30% from its close at Rs 1,373 on August 30, 2023. Its benefits hyped to Rs 1,753.50 on Friday due to multiple blockbuster releases like Gadar 2, Jailer and OMG 2

Film-makers moving towards IMAX, Jawan will pave way for more: Aamer Bijli

PVR Inox is counting on IMAX to grow its business and encourage filmmakers

Back to the theatre: PVR Inox made over Rs 100 cr this blockbuster weekend

Between August 11 and 13, the number of viewers in various PVR Inox cinemas crossed 3.36 million. This highest-ever weekend viewership helped the company earn gross revenue of over Rs 100 crore

PVR Inox gains 3% on highest-ever weekend footfalls, box-office collection

The company welcomed around 3.36 million guests at its cinemas and earned gross box office revenue of around Rs 100 crore in the Aug 11 - 13 weekend.

Jailer Box Office Collection Day 1: Rajinikanth movie breaks many records

Rajinikanth-starrer Jailer shattered many records and earned more than 50 crore gross across the country. The movie marks the comeback of Rajinikanth after two years on the big screen

NCLAT set aside CUTS' petition seeking CCI probe in PVR INOX merger

The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed a plea seeking an investigation by the fair trade regulator CCI over the merger of two leading multiplex operators PVR and INOX. NCLAT rejected the petition by Consumer Unity & Trust Society (CUTS) observing that the fair trade regulator has rightly observed that even if the merger is concluded, their dominance in the film exhibition industry per se is not anti-competitive. CUTS had challenged an order by the Competition Commission of India which rejected its plea on September 13, 2022, for seeking an investigation into the merger. However, during the pendency of the appeal the Mumbai bench of the National Company Law Tribunal (NCLT), approved the merger on February 16, 2023, sanctioned the scheme of merger by absorption of the Inox with PVR. In its petition CUTS said transaction is exempted from the notification requirement under Section 5 of the Competition Act as it qualifies for the de minimus ...

PVR INOX launches standalone IMAX property at iconic Priya Cinema

Multiplex chain PVR INOX on Thursday announced that they have converted Priya Cinema, one of the first theatres they opened in the national capital, into a state-of-the-art standalone IMAX theatre. The property at Basant Lok Complex, Vasant Vihar, will feature a next generation laser projection and multi-channel sound system exclusive to IMAX theatres for a truly immersive experience. Ajay Bijli, Managing Director, PVR INOX Limited, said upgrading their landmark cinema hall was a proud moment for the company. "It was the first cinema that we started here in Vasant Vihar and it has gone through a lot of changes. But this particular format is the best in its class. It makes a big movies even bigger and it is extremely immersive. We have been committing ourselves for the past 33 years that how do we make the experience absolutely amazing and at the same time do justice to people who make content," Bijli said at the event here. Actor Ayushmann Khurrana, who was also present at the even

PVR Inox Q1FY24 results: Net loss at Rs 80.1 crore; revenue up 31%

The total income for Q1FY24 came in at Rs 1290.1 crore, compared to Rs 983.5 crore YoY