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Business Line

Knowledge Marine & Engineering Works secures ₹19.27-crore contract from Mumbai Port, stocks rally

Under the 7-year agreement, the marine firm will supply high-speed vessels for security and VIP transport within the port area

The Economic Times

Patel Engineering secures Rs 240 crore hydropower project from NHPC in Sikkim

Patel Engineering has secured a Rs 240 crore contract from NHPC for a hydropower project in Sikkim. The project involves modifying a diversion tunnel into a tunnel spillway arrangement and includes civil and hydro mechanical works. The order is expected to be completed within 18 months.

Business Standard

L&T acquires 12.25% stake worth Rs 12.5 crore in quality management firm

Engineering and construction giant Larsen & Toubro has acquired 12.5 million equity shares in not-for-profit company Indian Foundation for Quality Management

Business Line

H.G. Infra Engineering faces ₹1 crore penalty from NHAI, stock soars

Despite the fines, HGIEL plans to contest them, citing unprecedented heavy rainfall in the project area as a force majeure event.

Business Standard

Patel Engineering up 5% on emerging lowest bidder for project of Rs 240 cr

The rise in Patel Engineering share price came after the company said that it has bagged an order worth Rs 240.02 crore from NHPC.

Business Standard

Adani Group eyes 46.64% stake acquisition in ITD Cementation India

Acquisition in ITD Cementation India would strengthen Adani Group's civil engineering capabilities

The Economic Times

Adani Group set to acquire 46.64% stake in ITD Cementation India for Rs 5,888.57 crore

The Adani Group is set to acquire a 46.64% stake in ITD Cementation India for Rs 5,888.57 crore to enhance its civil engineering capabilities. This acquisition will trigger an open offer for an additional 26% stake. A formal announcement is expected soon.

The Economic Times

A list of 20 fast-growing small-cap stocks, and what makes them multibaggers

ET Prime looked at stocks in the Nifty Smallcap 250 index whose revenues had grown at a fast clip in the last four years. Most companies are either in the infrastructure, engineering, and chemicals sectors or in the business of pipes. There is none from consumer-facing businesses or from the banking-finance industry with the sole exception of Cholamandalam Finance Holdings.

Business Standard

Global investor consortium lines up Rs 2,100 crore investment in SP Group

Engineering and construction major Shapoorji Pallonji group is gearing up to receive investments of over Rs 2,100 crore from a consortium of global investors led by Deutsche Bank, according to sources. The global investors are existing investors in the group's investment company Goswami Infratech, which is also one of the promoter companies of Afcons Infrastructure that is scheduled for Rs 7,000 crore IPO early next month. The group has also sought an extension of payments on non-convertible debentures of up to Rs 2,100 crore, which are due in September, till December this year. This development comes on the back of the SP Group lining up near-term repayments of nearly Rs 8,000 crore through identified liquidity events, including proceeds from the upcoming IPO Afcons Infrastructure and from the sale ports assets, a person aware of the development said. "A few global investors in Goswami Infratech Pvt Ltd have agreed in principle to further their investments in the SP Group company,

Business Standard

Salesforce keen on expanding in India, to invest more in Hyderabad, B'luru

Customer relationship management-focused entity Salesforce is keen on expanding in India and looking for more space in the country, a top official said on Wednesday. The company, which has centres in Bengaluru and Hyderabad to support global operations, is looking for space to expand in India currently, its chief operating officer Brian Millham told PTI here. Apart from this, Salesforce also serves the domestic market and this business has been the fastest-growing one in any country for two consecutive years. "India has been incredible for us from a growth perspective. But maybe that even pales in comparison to what we see in India from an employee perspective," he said, making it clear that the support rendered to the global operations is important. The company will continue to invest in India going forward as well, Milham said, adding, "In fact, (we are) looking for new space and expansion in that market." When asked about the same, its chief of engineering Srini Tallapragada ..

The Economic Times

Pritika Engineering buys 87,000 sq ft land to expand production capacity

Pritika Engineering Components Ltd has acquired 87,000 square feet of land in Hoshiarpur, Punjab to expand its production capacity. The company plans to invest Rs 49.50 crore in this expansion, funded through a planned fundraise. PECL is also exploring opportunities in the railways and defence sectors for additional revenue streams.

Business Standard

B L Kashyap gets construction order worth Rs 221 crore

The civil engineering company announced that it has secured new order aggregating to Rs 221 crore from SSS Realty & Co for construction work in Bangalore.

Business Line

Stock Market Live Updates: Stock to buy today: Triveni Engineering & Industries (₹480.35)

Sensex, Nifty, Share Prices LIVE: The stock of Triveni Engineering & Industries broke out of a resistance at ₹480 early this week. But after marking a record high of ₹518.10 on Monday, the price started to soften. However, the decline over the past couple of sessions appears to be just a corrective move.

Business Line

Stock to buy today: Triveni Engineering & Industries (₹480.35)

Book profits at ₹540

The Economic Times

World is moving into the Indian era: Salesforce CEO Marc Benioff

India not only performs engineering and support functions for the company, but large Indian customers have seen significant success on the Salesforce platform, Marc Benioff told us.

Business Standard

Bondada Green Engineering wins order of Rs 10.20 cr from Bharti Airtel

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Business Standard

India presents opportunity, world moving into Indian era: Salesforce

Customer relationship management-focused Salesforce's chairman and chief executive Marc Benioff has said the world is moving into an "Indian era". Speaking to reporters on the sidelines of the annual "Dreamforce" event here, Benioff said the opportunities in India are "exciting" and the company has invested in the country aggressively. "You can see that the world is moving into the Indian era. There is no question that we are going to move into an incredible moment in India," he said. The city-headquartered global company which is aiming to close FY25 with a revenue of USD 38 billion has over 11,000 employees in the country. A bulk of the employee base serves the global client base, while the increasing adoption of digital technologies has made India business also grow. "We do all kinds of things in India including engineering and support but also we go to market in India," Benioff said, adding that it serves large customers like the auto major Bajaj group. He said the company has

The Economic Times

Afcons Infra and 4 others file IPO papers with regulator

Afcons Infrastructure, Quadrant Future Tek, Godavari Biorefineries, Enviro Infra Engineers, and Shivalik Engineering Industries have received approval from Sebi for their proposed IPOs. The IPOs will include a mix of fresh issues and offers for sale by promoters and investors, with significant amounts being raised across these companies.

The Economic Times

Fabtech Technologies files DRHP for initial public offering with SEBI

Fabtech Technologies, a pharmaceuticals engineering solutions provider, has filed for an IPO. The IPO will consist of a fresh issue of up to 1.20 crore equity shares, with proceeds used for working capital, acquisitions, and general corporate purposes. The issue will be divided among QIBs, non-institutional bidders, and retail investors.

The Economic Times

Shapoorji Pallonji group's firm Afcons Infrastructure, 4 others get Sebi's nod to float IPOs

Five companies, including Shapoorji Pallonji group's flagship infrastructure engineering and construction company, Afcons Infrastructure Ltd (AIL), have received Sebi's go-ahead to raise funds through initial public offerings, an update with the regulator showed on Monday.

Mint

Shapoorji Pallonji Group’s infrastructure flagship firm Afcons Infrastructure gets Sebi nod for ₹7,000 crore IPO

Afcons Infrastructure, which is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, has received final approval from the SEBI to raise ₹7,000 crore via IPO.

Business Standard

Fabtech Technologies files draft papers with Sebi to raise funds via IPO

Fabtech Technologies -- a turnkey engineering solutions provider for the pharmaceuticals, biotech and healthcare industry -- has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The Mumbai-based company's proposed initial public offering (IPO) is entirely a fresh issue of up to 1.20 crore equity shares. The offer also includes a reservation for a subscription by eligible employees, according to the draft red herring prospectus (DRHP). The company may raise up to Rs 10 crore through the pre-IPO round. If such placement is completed, the fresh issue size will be reduced. Proceeds from the IPO to the extent of Rs 120 crore will be used for funding the working capital requirements of the company, and Rs 30 crore for pursuing inorganic growth initiatives through acquisitions, and general corporate purposes. Fabtech Technologies, part of the Fabtech Group was incorporated as Globeroute Ventures Private Ltd. The company demerg

Mint

Sugar stocks Triveni Engineering, Praj Industries and others surge up to 8.7%. What’s behind the rally?

Sugar stocks surged on September 16 after the Department of Food and Public Distribution allowed sugar mills to produce Rectified Spirit and Extra Neutral Alcohol using sugarcane juice and B-heavy molasses. Triveni Engineering led the gains, followed by other key sugar stocks.

Business Standard

Volumes jump at Triveni Engineering and Industries Ltd counter

Triveni Engineering and Industries Ltd witnessed volume of 96.73 lakh shares by 14:14 IST on NSE, a 13.55 times surge over two-week average daily volume of 7.14 lakh shares

Business Standard

HG Infra Engg stock surges 5% after subsidiary acquires new solar power cos

Shares of civil construction firm HG Infra Engineering rose as much as 5.12 per cent on BSE at Rs 1,644.15 per share on Monday's intraday trade

Mint

What an IPO signals about Ather's battle against Ola Electric

For long, Ather was known for engineering, and Ola Electric was known for scale. With its planned IPO, Ather wants to change gears.

Business Standard

Sai Silks (Kalamandir) Ltd leads gainers in 'A' group

Galaxy Surfactants Ltd, Triveni Engineering and Industries Ltd, L T Foods Ltd and Sobha Ltd Partly Paidup are among the other gainers in the BSE's 'A' group today, 16 September 2024.

Hindustan Times

OpenAI's new o1 model can solve 83% of International Mathematics Olympiad problems

OpenAI's new o1 model can be used for scientific research in physics, chemistry, and engineering, where rigorous reasoning and complex problem-solving are prime

Business Standard

Our focus is on being a future ready company, says Rites CMD Mithal

RITES Ltd, an infrastructure, consultancy and engineering firm under the Railway Ministry, has focussed on being a future ready firm with several initiatives centred around information technology and artificial intelligence, Rahul Mithal, the Chairman and Managing Director of the company said in a press statement. According to the statement, in the 50th Annual General Meeting (AGM) of the company held on September 12, Mithal said that over the past five decades, RITES has grown from humble beginnings to being granted the prestigious Navratna status this financial year, committed to delivering consistent results and creating value for stakeholders. With our focus on being 'Future Ready', RITES has vigorously pursued its #ITReady, #SkillReady, and #AIReady initiatives, Mithal added. During the AGM, the shareholders approved resolutions such as the adoption of Audited Financial Statements of the company, 1:1 Bonus Equity Share for shareholders and Rs 5/share as a final dividend for ...

Business Standard

Dixon arm enters into MoU with Asus for manufacturing of notebooks

Atul B. Lall, Vice Chairman & Managing Director of Dixon Technologies, expressed, It gives us an immense pleasure to partner with iconic brand Asus for manufacturing of notebooks. We are delighted and encouraged by the trust they have bestowed on Dixon for this collaboration. Asus has established a strong and trusted foothold worldwide, thanks to its advanced technology and we see them as our ideal long-term strategic partner who shares our core values: focus on quality, engineering prowess and customer satisfaction & we intend to leverage each other's strengths to manufacture notebook products.

The Economic Times

HG Infra Engineering shares jump 5% on receiving order worth Rs 716 crore from Central Railway

HG Infra Engineering shares rose over 5% to Rs 1,579 after securing a Rs 716 crore railway contract. The stock surged 85% YTD and 150% in two years.

Mint

TCS working with Tata Electronics to build first made-in-India chips

TCS has a sizeable play in semiconductor design, engineering and software development for semiconductor applications worldwide.

CNBC TV18

H G Infra Engineering bags ₹716-crore Central Railway project in Maharashtra

The project involves the construction of a new broad gauge line between Dhule and Nardana in Maharashtra, spanning 49.45 km. Shares of H G Infra Engineering Ltd ended at ₹1,500.80, down by ₹5, or 0.33%, on the BSE.

Business Standard

Kalpataru Projects International bags orders worth Rs 2,774 crore

Kalpataru Projects International on Thursday said the company and its arms secured orders worth Rs 2,774 crore. Kalpataru Projects International Ltd (KPIL), one of the largest Engineering & Construction companies listed in India along with its international subsidiaries have secured new orders/notification of awards of Rs 2,774 crore, a company statement said. These include new orders in the Transmission & Distribution (T&D) business in overseas markets and the EPC project for Extension of Airport from Airports Authority of India (AAI). The new orders also include Design & Build project for residential buildings in India. Manish Mohnot, MD & CEO, KPIL, said in the statement, "We are pleased with the continuous ordering momentum, especially in our T&D and Buildings and Factories (B&F) business." The order from the AAI will mark our entry into the growing domestic airport sector and further diversify our clientele, he added. The orders in the T&D and ...

The Economic Times

Engineering, manufacturing and BFSI occupiers to account for 40% of office demand during 2025-27

India's office space demand is diversifying with sectors like engineering, BFSI, and healthcare gaining prominence. Over the next three years, these sectors are expected to lease significant office space annually. Technology firms' demand will stabilise, while flexible workspaces expand. Major cities and tier II cities are emerging as growth centers.

The Economic Times

Renewable firms hiring talent across levels amid expansion

India's renewable energy companies, including Adani Green Energy and Tata Power Renewable Energy, are ramping up hiring to support the nation's goal of net zero emissions by 2070. They seek talent in areas like project management, data science, and solar manufacturing. Companies are also collaborating with government bodies and engineering colleges for recruitment and upskilling initiatives.

The Economic Times

Industry credit expected to grow over 12%: FICCI-IBA survey

A survey by FICCI and IBA reveals that 62% of banks expect non-food industry credit growth to exceed 12% in the next six months. The banking sector remains robust, but faces liquidity challenges as credit growth outpaces deposits. Infrastructure, metals, and engineering sectors show strong long-term credit demand.

The Economic Times

Gensol-Matrix to set up India's first green hydrogen valley project in Pune

Gensol Engineering, in collaboration with Matrix Gas & Renewables Ltd, has secured an order to establish India's first green hydrogen valley project in Pune. The plant will produce green hydrogen through electrolysis and supply it to the specialty chemical sector. This initiative is supported by the Department of Science & Technology and facilitated by National Chemicals Laboratories.

Business Standard

Gensol Engg to set up India's first green hydrogen plant in JV; stock up 3%

Gensol Engineering share price gained up to 2.87 per cent at Rs 935 per share on the BSE in Wednesday's intraday deals

Business Standard

Gensol Engg rises on collaboration with Matrix Gas & Renewables to set up green hydrogen Plant

Gensol Engineering gained 2.18% to Rs 927.05 after the company and Matrix Gas & Renewables has secured the project to setup green hydrogen production plant in Pune on build own and operate (BOO) basis.