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Listen to this article in summarized format Read more: GIFT City eyes direct listings without IPO to deepen equity market, says IFSCA's Pradeep Ramakrishnan ICICI Securities noted in a report that the debt-funded acquisition would add around ₹1,000 crore to interest costs in FY28, which could largely offset Omnia's contribution to profit. It expects the transaction to become meaningfully EPS-accretive only from FY29. Over the longer term, earnings are expected to improve given synergies from Omnia's ammonium nitrate facilities as the chemical compound accounts for 65-70% of Solar Industries' total raw material consumption. Additionally, the blasting services of ProBlast, a South African company Solar acquired in 2024, will strengthen vertical integration and improve margins. Read more: Nithin Kamath reveals Zerodha's leadership secret: Why the broker rarely hires outsiders for top jobs The combined entity is targeting ₹6,800-7,000 crore Ebitda on ₹31,000-32,000 crore revenue by FY28. The management also sees scope to improve BME's (Omnia's mining business operating under the BME brand) current Ebitda margin of 13-14% through these synergies. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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