Laser Power & Infra gets Sebi nod for Rs 1,200-crore IPO

• Laser Power & Infra Ltd (LPIL) received Sebi's approval for a Rs 1,200-crore IPO.
• The IPO includes a fresh issue of equity shares worth Rs 800 crore and an OFS of up to Rs 400 crore.
• Proceeds from the fresh issue will primarily repay Rs 600 crore in outstanding borrowings.
• LPIL, incorporated in 1988, manufactures power cables and conductors, serving the power transmission and distribution sector.
• The company operates three manufacturing units in West Bengal with a combined capacity of 73,100 metric tonnes.