What is Tilaknagar Industries planning to do?

Tilaknagar Industries has received approval to expand its bottling capacity and plans to raise over ₹2,200 crore through a preferential issue.

How is Asian Paints restructuring its operations?

Asian Paints is merging its subsidiary, Asian Paints (Polymers), with the parent company to unlock synergies across various business functions.

What were the key highlights of L&T's Q1 performance?

L&T reported a 15.5% increase in revenue and a 29.8% jump in net profit in the first quarter of the 2026 fiscal year, along with a 33% year-over-year increase in new orders.

Home / Business and Economy / Tilaknagar Industries Expands Capacity, Raises Funds via Preferential Issue

Tilaknagar Industries Expands Capacity, Raises Funds via Preferential Issue

29 Jul

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Summary

Tilaknagar Industries receives capacity expansion approval and plans to raise over ₹2,200 crore
Asian Paints merges subsidiary to unlock synergies across operations
L&T reports 15.5% revenue growth and 29.8% profit increase in Q1

Tilaknagar Industries Expands Capacity, Raises Funds via Preferential Issue

In the latest corporate developments, Tilaknagar Industries has received an extension to expand its bottling capacity by 200 lakh proof litres. The company also plans to raise over ₹2,200 crore through a preferential issue of equity shares and convertible warrants.

Elsewhere, Asian Paints has approved the amalgamation of its subsidiary, Asian Paints (Polymers), with the parent company. This move is expected to unlock synergies across procurement, logistics, supply chain, technology, and shared services.

Additionally, engineering conglomerate L&T reported a strong performance in the first quarter of the 2026 fiscal year. The company saw a 15.5% increase in revenue and a 29.8% jump in net profit compared to the same period last year. L&T also received new orders worth ₹94,453 crore, up 33% year-over-year.

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