Engineering
Kumaraswamy discusses way forward for HMT in annual performance review meet
Union Minister H D Kumaraswamy reviewed HMT's performance. The meeting addressed strengthening HMT's legacy watch brand. Discussions included challenges and future strategies. NITI Aayog and Heavy Industries Ministry officials attended. Focus was on self-reliance, aligning with Narendra Modi's vision. HMT has units in Aurangabad and Bengaluru. One unit manufactures food processing machinery.
EPC firms likely to see mid-high single-digit revenue growth in FY26: Ind-Ra
Indian Engineering, Procurement, and Construction (EPC) companies anticipate mid-to-high single-digit revenue growth this fiscal year, with stable to slightly improved margins, according to India Ratings and Research. Despite a weak FY25 due to elections, Q1 FY26 saw 5% growth, marking the fifth consecutive quarter of single-digit revenue increase. However, achieving the projected 12.
Delhi High Court urges review of govt tender conditions affecting insolvent companies
The Delhi High Court has urged the central government to reconsider its tender conditions that prevent companies undergoing corporate insolvency resolution from participating in government tenders for seven years. The court emphasized that while it cannot alter tender conditions, the government should consider the IBC's objective of reviving distressed companies through successful resolution applicants.
Dharan Infra EPC bags Rs 1,171 cr work orders in Andhra Pradesh
Dharan Infra EPC has announced securing new EPC work orders worth Rs 1,171.21 crore in Andhra Pradesh from Skymax Infra Power. These contracts involve EPC works, supply, and installation at Orvakal Industrial Park, with project completion targeted by March 31, 2027. A significant portion, around 80%, will involve international procurement through its subsidiaries.
Revenue of large, diversified EPC firms to grow 9-11% in FY'26: Crisil Ratings
Crisil Ratings anticipates a 9-11% revenue increase for diversified EPC companies this fiscal year, fueled by infrastructure capital expenditure growth and efficient project execution. The study, encompassing 15 firms with a combined revenue of ₹3.15 lakh crore, highlights the sector's reliance on government and private capex.
Reliance Infra to sell Pune Satara toll road project to Cube Highways and Infrastructure III for Rs 2000 crore
Cube Highways, a Singapore-based company, is set to acquire Reliance Infrastructure's Pune Satara Toll Road project for an estimated enterprise value of Rs 2,000 crore. This strategic move allows Reliance Infra to monetise non-core assets, reduce debt by Rs 1,400 crore, and focus on future growth initiatives, marking their second toll road deal with Cube Highways.
Transrail bags T&D orders worth Rs 837 cr in domestic, international markets
Transrail Lighting, an EPC firm, announced new orders worth ₹837 crore in both domestic and international markets through its transmission and distribution (T&D) segment. This boosts its FY26 order inflow to over ₹3,157 crore—a 57% year-on-year increase. The company also secured an international order for engineered products. Transrail operates in 59 countries and has completed over 200 T&D projects.
CCI approves Carlyle Group’s stake purchase in Quest Global, other key deals
The Competition Commission of India (CCI) has approved several significant acquisitions. These include Carlyle Group's stake acquisition in Quest Global Services, ADIA's investment in Micro Life Sciences, and Phoenix Mills' complete acquisition of Island Star Mall Developers from Canada Pension Plan Investment Board.
CERATIZIT Group announces expansions to Kolkata and Bengaluru, strengthening commitment to growth and innovation
CERATIZIT Group will expand its manufacturing plants in Uluberia, West Bengal, and Bommasandra, Karnataka. This expansion shows the company's dedication to India as a key market. CERATIZIT aims to meet the increasing demand for cutting tool solutions. The company already operates three production facilities in India. These expansions will help serve customers with shorter lead times and customized products.
L&T building up agility, tech, capex for new focus
L&T is reinforcing agility and tech-led diversification to secure its future. With substantial cash reserves, the company plans a Rs 1.5 lakh crore strategic capital expenditure over five years, targeting semiconductors, green hydrogen, data centers, and real estate. L&T aims to reshape its portfolio through strategic divestments and investments, focusing on growth and profitability.
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Our business philosophy is clear - grow to sell or sell to grow, says SN Subrahmanyan, chairman & MD, Larsen & Toubro
EPC projects remain our dominant segment at about 75% of revenue... Services businesses tend to be more profitable—they’re not materialintensive. That’s why we’re pushing services portfolio faster, says SN Subrahmanyan, chairman & MD, Larsen & Toubro.
EIL inks MoU to provide NPCIL engineering services for development of small modular reactor
Engineers India Ltd. and Nuclear Power Corporation of India Ltd. have partnered to develop small modular reactors, supporting India's clean energy goals. The MoU focuses on engineering services for the Bharat Small Modular Reactor, aligning with the nation's aim to achieve 100 gigawatts of nuclear power capacity by 2047, strengthening energy security.
Foseco in talks to acquire Morganite Crucible
Foseco is reportedly in negotiations to acquire Morganite Crucible through a deal involving both cash and stock. If finalized, the acquisition would merge the Indian operations of two multinational corporations catering to sectors like metals and component manufacturing.
Bharat Forge Chairman 'cautious' on outlook for US export business for current fiscal
Bharat Forge is facing export challenges due to US tariffs. The company is cautious about its US export business outlook. FY26 is expected to be challenging. Bharat Forge focuses on unaffected markets and cost optimization. US and European operations improved in Q1. The company secured new orders worth Rs 847 crores. Defence order book stands at Rs 9,463 cr.
BEML signs MoU with deep-tech startup at II-M to build indigenous Hyperloop system in India
BEML and TuTr Hyperloop, an IIT Madras incubated startup, have partnered to co-develop India's first indigenous Hyperloop transportation system. BEML will be the primary manufacturing partner, focusing on a prototype pod for passengers and cargo using advanced technologies like Linear Induction Motors and Maglev systems.
Bharat Forge inks pact with Pratt & Whitney Canada for aerospace ring mill
Bharat Forge Ltd has signed a contract with Pratt & Whitney Canada to establish a new ring mill for aerospace applications, expected to be operational by 2026. This facility will produce high-performance aerospace products, contributing to India's vision of becoming a global aerospace manufacturing hub. The collaboration reinforces commitment to the global aerospace ecosystem and advances India's manufacturing capabilities.
