In a significant move to strengthen its position in the electric vehicle (EV) space, Uno Minda Limited has announced the approval of acquiring an additional 49.90% equity stake in its subsidiary, UnoMinda EV Systems Private Limited (UMEVS), from FRIWO Geratebau GmbH. This acquisition not only increases Uno Minda’s ownership in UMEVS but also includes the transfer of critical intellectual property rights,…
Engineers India Limited Secures Rs. 106 Crore Consultancy Contract from IOCL for Paradip Petrochemical Complex February 13, 2025 – Engineers India Limited (EIL) has been awarded a prestigious contract by Indian Oil Corporation Limited (IOCL) for providing consultancy services for the Paradip Petrochemical Complex (PDPC) project in Paradip, Odisha. This contract marks a significant milestone…
Titagarh Rail Systems Secures INR 537.11 Crore Wagon Supply Order from Adani Cement Group February 12, 2025 – Titagarh Rail Systems Limited has announced a significant new order from Ambuja Cements Limited and ACC Limited, both part of Adani Cement Limited. The company has received a Letter of Acceptance (LOA) for the manufacture and supply…
February 12, 2025 – Premier Explosives Limited has achieved a significant milestone by securing an export order worth Rs. 20.36 crores for the design and development of rocket motors. This contract underscores the company’s growing expertise in high-end defense and aerospace manufacturing for international markets. Key Highlights of the Export Order 1. Order Details Premier…
February 12, 2025 – RailTel Corporation of India Ltd. has secured several significant work orders, reinforcing its robust order book and strengthening its market presence. Breakdown of the Latest Orders 1. Airports Authority of India Chennai Order Value: Rs. 14,71,90,292 (Including Tax) Scope of Work: Supply, Installation, Testing, and Commissioning (SITC) of Servers, Storage, Software,…
Mumbai, February 12, 2025 – Man Industries (India) Limited has received a significant new order worth approximately Rs. 250 Crores. Order Announcement: Key Highlights Order Details: The new order involves the supply of various types of pipes to both domestic and international clients. The total value of the order is approximately Rs. 250 Crores. Execution…
The corporate landscape in 2025 is already buzzing with activity, as companies across sectors make strategic moves to expand their portfolios, enter new markets, and strengthen their competitive positions. Two notable acquisitions—International Conveyors Limited’s investment in Agro Tech Foods Limited and Melstar Information Technologies Limited’s majority stake in Plexus Aviation Services Private Limited—highlight the growing…
Berger Paints India Limited, one of India’s leading paint manufacturers, announced its unaudited consolidated financial results for the quarter and nine months ended December 31, 2024, on February 11, 2025. The results highlight a mixed performance, with steady revenue growth offset by declines in EBITDA and net profit. Despite challenges, the company demonstrated resilience in its decorative and industrial…
Universal Cables Limited, a leading manufacturer of power cables and related products, has unveiled a significant capacity expansion plan at its manufacturing facilities in Satna (Madhya Pradesh) and Verna (Goa). The company has increased its aggregate capital outlay from Rs. 277 Crores to Rs. 482 Crores, reflecting its optimistic business outlook and the anticipated growth in demand for power…
Vindhya Telelinks Limited, a leading manufacturer of cables and telecom products, has unveiled an ambitious capacity expansion plan aimed at strengthening its product portfolio and meeting the surging demand for specialized cables in both domestic and international markets. The company’s manufacturing facility in Rewa, Madhya Pradesh, will see significant upgrades, including the expansion of its E-Beam…