Recent Update

L&T's Metals & Minerals vertical secured mega orders (₹10,000-15,000 Cr) from Indian PSUs and a private company for iron ore handling, steel plant expansion, and zinc processing EPC projects. Strengthens order book and leadership in the sector.

Meghna Infracon Infrastructure launched 'Meghna One', a 2.8 lakh sq. ft., ₹300 crore GDV, 17-storey Grade-A commercial tower in Thane's Wagle Estate, marking its entry into large-format commercial real estate. The biophilic, IGBC Gold-certified project offers flexible offices from 569 sq. ft. to full-floor 10,500 sq. ft.

WABAG secured a ₹250-600 Cr DBO order from BWSSB for two energy-efficient STPs (100 MLD, 60 MLD) and a 25 MLD TTP in Bengaluru, with 36-month EPC and 7-year O&M.

Board meeting on 22 July 2026 to consider monetization and disposal of substantially all company assets, subject to shareholder approval via EGM.

CBI conducted a search and seizure at Reliance Power's registered office in connection with transactions involving Reliance Commercial Finance and Reliance Home Finance. The operation has concluded; the company states no impact on operations and full cooperation.

Alembic's partner NATCO received USFDA tentative approval for Olaparib Tablets, generic Lynparza (market ~USD 1.4bn). Para IV litigation continues. Cumulative ANDA approvals at 244 (20 tentative).

Monarch Surveyors won a Rs 4.66 crore GIS mapping contract from Ratnagiri Municipal Council.

Board approved formation of a wholly owned subsidiary in the UK to expand educational business. MD Neeta Rajesh Dedhia resigned; Rajesh Chapshi Dedhia appointed as MD and Chairperson. Proposal for reclassification of promoters deferred. Board also approved offering discounted coupons/vouchers to shareholders for company's courses.

Natco received US FDA tentative approval for Olaparib tablets (100mg, 150mg), a generic of Lynparza, with estimated US sales of $1.4B. Partner Alembic will distribute. Para IV litigation is ongoing.

Cranex secured a Rs 10.87 crore order from BHEL to supply heavy EOT cranes for a hydroelectric project, to be executed by April 2027.

Q1 FY27 Consolidated Results YoY: Revenue at 860 Cr vs 790 Cr, up 8.9%. EBITDA at 112.3 Cr vs 70.4 Cr, up 59.6%. EBITDA Margin at 13.1% vs 8.9%, expansion of 420bps. PAT at 41.0 Cr vs 2.1 Cr, up 1825.8%. Power & fuel cost grew 28.9% vs revenue growth of 8.9%. Board approved a 1500 Cr capex plan for capacity expansion across yarn, denim, garmenting,

MRC Agrotech signed a non-exclusive license with Banaras Hindu University for wheat variety 'HUW 838' for commercial seed production and sale, valid 5 years. Expected to strengthen seed portfolio and promote scientific innovation.

Innovision received a ₹44.6 crore one-year contract from NHAI for toll collection and toilet maintenance at Turup fee plaza, Ranchi bypass.

Avantel received a Rs.20.81 Cr SATCOM order from L&T, ~9.4% of FY26 revenue, execution by Jul'27.

Navneet Education's subsidiary to sell a partial K12 Techno Services stake for ₹329.68Cr to Kenro Capital, extending its monetisation of the investment. Closure expected in ~4 weeks.

SPML Infra allotted 6.94 lakh equity shares and 95.39 lakh warrants on a preferential basis, receiving ₹50.11 Cr upfront. NARCL converted ₹7.16 Cr of debt into equity, further reducing leverage.

Board approved preferential issue of 10,93,750 fully convertible warrants to promoter Milind Padole at Rs 192 each, extinguishing Rs 21 Cr outstanding promoter loan. Also approved postal ballot notice for shareholder approval.

Board approved withdrawal of the previously approved preferential issue of up to 8 lakh equity shares at Rs 125 each (Rs 10 Cr) to non-promoter public category, citing unavoidable circumstances. The resolutions for increase in authorized share capital stand cancelled; company may revisit fundraising later.

Nutricircle signed a non-binding MoU with the Tripura government to develop 'BioNutrition Valley', a project with proposed investment of ₹100-130 crore to manufacture plant proteins, functional ingredients, and bio-based products.

Board approved fundraise up to Rs 500 Crores via debt securities, increase in authorized share capital to Rs 20 Crores, setting up of a branch office outside India, and acquisition of assets up to Rs 200 Crores.

Board approved increase in authorized share capital from Rs. 10 Cr to Rs. 100 Cr and raising up to Rs. 90 Cr via rights issue. Appointed three independent directors; two resigned due to pre-occupancy. Approval for AGM and Director’s Report also given.

Board approved fundraise via rights issue of equity shares to existing members for up to Rs 15 Cr, subject to approvals. Appointment of intermediaries for the rights issue also approved.

NCLT sanctioned the demerger of India Glycols into three pure-play entities — India Glycols, Ennature Biopharma, and IGL Spirits. The final regulatory clearance removes uncertainty, paving the way for listing of the resulting companies and potential value unlocking.

Board approved sale of a non-core land and shed unit at Sahibabad for INR 26.75 crore. The unit contributed no revenue and has no net worth. Sale to a non-promoter entity.

Board meeting outcome: Completed open offer, resulting in Mr. Saroj Kumar Choudhary becoming promoter with 46.46% stake. Proposed 99% reduction of share capital due to accumulated losses, subject to shareholder approval. Also proposed shifting registered office from Maharashtra to Orissa and amendment of MOA to include healthcare and pharma busines

Promoter Anilkumar Virani pledges 55L shares; encumbrance rises to 13.07%. Mode: Pledge.

Promoter Anilkumar Virani pledged 23,00,000 shares to JIO Credit; encumbrance now 10.65%.

Board approved incorporation of a wholly owned subsidiary in Delaware, USA, to provide cloud migration, cybersecurity, managed services, and AI solutions, for overseas expansion. Cash subscription at face value. Also approved Board's Report for FY 2025-26.

Om Infra Ltd emerged as the lowest bidder (L1) for a Rs 482.27 Cr dam and irrigation project in Rajasthan. Formal LOI awaited.

Jindal Worldwide's EV unit, Jindal Mobilitric, to begin dispatches of maiden R40 e-scooter in Jul'26, order book ~1000 units, 35 dealerships, targeting FY27 turnover ~Rs100Cr. First commercial EV launch after prolonged development.

Ahasolar Technologies received a ₹35+ lakh work order from Coal India Limited for Owner's Engineer consultancy for a 187.5 MW/750 MWh BESS project in Telangana, to be executed over 15 months.

Board meeting on 31 July 2026 to approve fundraising up to ₹200 crore via equity/preferential issues, to set up AI development centres and for acquisitions. Extraordinary general meeting may be convened for shareholder approval.

Paterson & Co. (represented by Mr. M. Amarnath & Mrs. Vidya Amarnath) sold 40,00,000 shares (18.42%) of India Cements Capital Ltd via off-market sale, reducing holding to nil.

Keerthi Industries received a demand notice under IBC from coal supplier J P Associates for unpaid operational debt of Rs. 4.31 crore. The company is reviewing the claim, expects to settle amicably, and anticipates no material impact on operations or financial position.

NCLT approved resolution plan for subsidiary Ansal Crown Infrabuild with plan value Rs 321.33 crore (227% of fair value). Removes insolvency overhang.

Artson Limited received a Letter of Intent for a Rs. 14.63 crore contract from TKIL Industries for structural fabrication and transportation at JSW Jaigarh Port, execution in 6 months.

Profits Surge On Demand PAT at Rs 16.0 Cr in Q1 FY27, +140.3% YoY; includes exceptional loss of Rs 1.3 Cr. Revenue at Rs 167 Cr in Q1 FY27, +42.9% YoY. EBITDA at Rs 35.1 Cr, +89.8% YoY. EBITDA margin at 21.0% vs 15.8%. Board re-appointed Chintan Shah (MD), Ajay Patel (WTD), and Shekhar Somani (WTD) for 3 years from Feb 2027. Approved greenfield cap

Board decided to withdraw its application for the Copper Clad Laminated (CCL) manufacturing project due to a substantial cost escalation from Rs 136.87 Cr to Rs 219.67 Cr. The company will re-evaluate the project's scope, viability, and funding.

CPCB conditionally revoked closure directions; manufacturing at the Ginigera plant resumed from July 17, 2026, with the company complying with conditions within the given timeline.

Q1 FY27 Consolidated Results YoY: Revenue at 96.5 Cr vs 47.3 Cr, up 104.1%. EBITDA at 23.2 Cr vs 12.1 Cr, up 92.4%; includes one-time GST incentive of ~5.6 Cr, adjusted EBITDA ~17.6 Cr (up 45.5%). EBITDA Margin at 24.0% vs 25.5%, contraction of 150bps; adjusted for incentive, margin ~18.2%. PAT at 16.7 Cr vs 9.4 Cr, up 77.7%. Board approved capex o

ICRA reaffirms long-term A- Stable, raises amount

Jyoti Structures announced the sad demise of Dr. Rajendra Prasad Singh, Chairman and Independent Director, on July 17, 2026. The company expressed condolences.

PTC Industries received a landmark order from BrahMos Aerospace for development and integration of a strategic missile sub-system, marking its entry into high-value systems integration. This validates the 'Melt to Mission' strategy and opens a new growth avenue in defence.

Indobell Insulations secured a ₹4.87 crore domestic order from Sundaram Brake Linings for nodulated wool, to be executed by March 2028.

Pledge of 11.88Cr shares (16.71%) of RBAL by promoter Lenexis to secure debentures; disclosed by CTL Trusteeship.

Siyaram Recycling secured a Rs 99.24 lakh order for brass scrap from Metal Scrap India, to be executed within 5 days.

Indobell Insulations secured a domestic order worth ₹2.19 crore for nodulated wool from Sundaram Brake Linings, to be executed by March 2028.

Rajesh Power Services received orders worth Rs. 34.37 crore from PGVCL and RVPNL for SCADA readiness, RMU rectification, and a 220kV underground cable system.

Diamond Power won a ₹185 Cr order from Adani Energy Solutions for AL59 conductors, with deliveries through Feb 2027. The contract reinforces revenue visibility for FY27 and builds on the existing relationship with a key customer in the transmission capex cycle.

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