JNPT is harnessing power of the Sun

India’s largest container port, Jawaharlal Nehru Port Trust (JNPT) will now harness solar energy and reduce its dependency on conventional electricity from the grid. JNPT is installing solar power plant on several rooftops in its township and commercial premises. Rooftop solar plants allows the use of roof of buildings, an area which is otherwise not usable, for sustainable energy generation also ensuring financial savings. This green initiative by JNPT is part of its push towards becoming the most sustainable port organisation in India. This 822 kWp of solar rooftop capacity is being installed at an expense of Rs 4.5 crore, supported by a 15% subsidy from SECI (part of Ministry of New and Renewable Energy). The 822 KWp project once commissioned will generate around 9.9 lakh units of electricity in Year 1 thereby saving around Rs. 1.08 crore of electricity expense for JNPT in the first year. Endurance Technologies Limited proposes to open on Wednesday, October 5, 2016, an initial public offering of up to 24,613,024 equity shares of face value of Rs. 10 each at a price band from Rs. 467 to Rs. 472 per Equity Share consisting of an Offer for Sale of up to 19,295,968 Equity Shares by Actis Components and System Investments Limited and up to 5,317,056 Equity Shares by Anurang Jain. The Offer shall constitute up to 17.50% of the fully diluted post-Offer paid-up equity share capital of the Company. The Offer will close on Friday, October 7, 2016. Bids can be made for a minimum of 30 Equity Shares and in multiples of 30 Equity Shares thereafter. The Book Running Lead Managers to the Offer are Axis Capital Limited and Citigroup Global Markets India Private Limited. The Equity Shares offered through the Offer are proposed to be listed on BSE and NSE.