Earlier, the company declared a rights issue for its eligible shareholders. According to an exchange filing by the freight forwarding company, has announced a rights issue of up to 4,51,77602 partly paid-up equity shares with a face value of Rs 10 each.

Earlier, the company announced stellar financial performance for the quarter ended June 30, 2023. The revenue from operations grew by 143.42 per cent to Rs 1894.66 lakh, EBITDA increased by 226.88 per cent to Rs 53.02 lakh and PAT increased by 145 per cent to Rs 33.88 lakh in Q1FY24 compared to Q1FY23.

It is engaged in developing, owning, and operating a diversified portfolio of wind energy power plants. The company has a market cap of over Rs 1,000 crore with a 3-year stock price CAGR of 86 per cent.

Commenting on the Q1FY24 Performance earlier, the Management added, "We are pleased to announce the remarkable financial results for the Q1FY24, which demonstrate our continued commitment to growth, efficiency, and value creation. We have achieved significant improvements YoY in revenue, EBITDA, EBITDA margins, and profit after tax, reflecting the success of our strategic initiatives and the dedication of our team."

Talking about the financials, the company has a market cap of Rs 182 crore. The net sales increased by 22.40 per cent to Rs 306 crore and the net profit increased by 50 per cent to Rs 6 crore in FY23 over FY22.

According to the financials, the company has a market cap of Rs 50 core with a 3-year stock price CAGR of 31 per cent. As of March 2023, the shareholding pattern of the company indicates that the majority stake of 69.07 per cent is held by the company's promoters, while the remaining ownership is divided among DIIs (0.17 per cent) and the general public (30.76 per cent).

Additionally, the company had intimated that it had received an order for 20,067 wagons valued at approximately Rs 6,450 crore (to be executed over a period of 39 months from the date of the contract) against the tender for wagons issued by the Indian Railways.

Seacoast Shipping Services Limited is providing single-window logistics services to exporters and importers. The company has a market cap of Rs 139.72 crore with a 3-year stock price CAGR of 30 per cent. The stock has a PE of 7.05x, a ROE of 36.10 per cent and a ROCE of 38.40 per cent.

The company reported excellent numbers in its quarterly results and annual results. The net sales increased by 14.87 per cent to Rs 18.62 crore in Q4FY23 over Q4FY22. The net sales increased by 71.88 per cent to Rs 62.89 crore in FY23 over FY22. The company reported a net profit of Rs 3.86 crore in FY23 compared to a net loss of Rs 12.27 crore in FY22.

Indian Oil Corporation Limited (Indian Oil) and Praj Industries Limited (Praj) signed a term sheet to advance plans to strengthen biofuel production capacities in India. Various biofuels covered under this MoU include Sustainable Aviation Fuel (SAF), Ethanol, Compressed Bio-Gas (CBG), Biodiesel and Bio-bitumen among others.