Order & deals

Mumbai, January 14, 2026: Larsen & Toubro Limited announced that its Heavy Civil Infrastructure business has secured a large contract for the construction of India’s biggest pumped storage project, the 3,000 MW Saidongar-1 Pumped Storage Project, located in Raigad district of Maharashtra.The project has been awarded by Torrent Energy Storage Solutions Pvt Ltd, earlier known as Torrent PSH 3 Pvt Ltd. The Saidongar-1 facility will comprise ten generating units of 300 MW each, marking a significant addition to India’s pumped storage capacity.Under the contract, L&T will undertake the complete scope of design, engineering and execution of all civil works along with hydro-mechanical components associated with the project. The company...

Mumbai, January 14, 2026: Mini Diamonds (India) Limited announced that it has received a fresh domestic order worth ₹14 crore for the supply of lab-grown polished diamonds from a Mumbai-based client. The order was confirmed on January 14, 2026 and adds momentum to the company’s expanding domestic order book.Order Details and Execution Timeline The newly secured order involves the local supply of lab-grown polished diamonds and is scheduled to be executed within a period of four months. Payment for the order is expected to be completed within 150 days from the date of order completion. The company indicated that the execution will be carried out through its existing procurement, manufacturing and dispatch framework, aligned with...

Mumbai, January 14, 2026: IL&FS Transportation Networks Limited informed stock exchanges that it has received a demand notice for payment of an outstanding service tax liability amounting to ₹96.96 lakh. The notice, received on January 13, 2026, pertains to the financial year 2016–17 and includes penalty, while interest has been excluded from the demand amount.The demand has been issued by the Assistant Commissioner, CGST and Central Excise, Division IV, Mumbai East. The company stated that the notice relates to alleged non-payment of service tax for the said period.IL&FS Transportation said it is currently reviewing the demand notice and assessing the appropriate course of action. The company also clarified that the matter does not...

Karnal, January 14, 2026 – Oswal Pumps Limited (BSE: 544418 | NSE: OSWALPUMPS) has received a major order for the supply and installation of solar-powered agricultural pump sets in Karnataka, marking a significant expansion of its renewable energy footprint in the state.The company has been awarded a Letter of Award for 3,263 solar agriculture pump sets, comprising 214 surface solar pump sets and 3,049 submersible solar pump sets, to be deployed across Karnataka. The total order value stands at approximately ₹119.92 crore, inclusive of taxes.Order Details and Scope The project involves the design, manufacture, supply, transportation, installation, testing, and commissioning of solar water pumping systems with capacities ranging from...

Mumbai, January 13, 2026 – Lord’s Mark Industries Limited has secured a major infrastructure mandate for the implementation of solar-powered highway lighting at 104 identified accident-prone and blackspot locations along key national highway corridors in the Vijayawada region.The project has been awarded for Phase 1 of a broader highway safety initiative and covers multiple critical stretches across National Highways 16 and 216. The mandate involves end-to-end execution, including survey, design, manufacturing, and implementation of intelligent solar lighting systems. The company is executing the project in partnership with Signify Innovations India Limited, formerly known as Philips Lighting India Limited.Project Scope and Highway...

Ahmedabad, January 13, 2026: M&B Engineering Limited has secured a significant domestic order valued at ₹63.50 crore plus GST for the design, engineering, manufacturing, and supply of pre-engineered building and structural steel solutions, reinforcing its order pipeline at the start of CY26. Order Details and Scope The contract has been awarded by a domestic customer, with execution scheduled over 8.5 months. The scope covers end-to-end delivery, including design and engineering through to manufacturing and supply of pre-engineered buildings and structural steel. A portion of the order relates to erection activities amounting to ₹12.34 crore plus GST, which will be executed through the company’s wholly owned subsidiary, Phenix Building...

Chennai, January 13, 2026: VA Tech Wabag Limited (NSE: WABAG) strengthened its industrial water treatment order book on Tuesday after securing a large domestic contract from Bharat Petroleum Corporation Limited for advanced water treatment facilities at the Bina Petrochemical and Refinery Expansion Project in Madhya Pradesh.The project scope covers a comprehensive water block package for BPCL’s Bina refinery, including a Raw Water Treatment Plant, a Reverse Osmosis-based Demineralisation Plant, and a Zero Liquid Discharge facility. VA Tech Wabag will execute the assignment on a full EPC basis, encompassing design, engineering, procurement, construction, installation, testing, and commissioning, with the project scheduled for...

Mumbai, January 13, 2026: Larsen & Toubro Limited announced that its Transportation Infrastructure business has secured a significant order for the construction of an arterial cable-stayed bridge over the Muri Ganga River in South 24 Parganas district of West Bengal, reinforcing the company’s strong presence in large-scale infrastructure execution.The project involves the construction of a 2 plus 2 lane, 3.2 km-long extradosed cable-stayed bridge with a maximum span of 177 metres. The scope also includes approach roads of 0.9 km on the Kakdwip side and 0.65 km on the Sagar Island side, along with comprehensive road infrastructure and advanced systems integration.Project Scope and Technical Features The bridge will be equipped with...

Chennai, January 13, 2026: VA Tech Wabag Limited (NSE: WABAG, BSE: 533269) has secured a large domestic order from Bharat Petroleum Corporation Limited for setting up advanced industrial water treatment facilities at BPCL’s Bina Petrochem and Refinery Expansion Project in Madhya Pradesh. The order covers a comprehensive water block package for the Bina refinery, strengthening Wabag’s position in the industrial water treatment segment, particularly within the oil and gas sector. Order Scope and Execution Timeline Under the contract, VA Tech Wabag will execute the complete engineering, procurement, construction, installation, testing, and commissioning of key water treatment facilities. These include a raw water treatment plant, a reverse...

Rajkot, January 12, 2026: K.P. Energy Limited (BSE: 539686 | NSE: KPEL) announced that its parent KP Group has signed a Memorandum of Understanding with the Government of Gujarat to develop large-scale renewable energy projects involving an investment of approximately ₹4,000 crore. The MoU was signed on January 12, 2026, at Marwadi University, Rajkot, during the Vibrant Gujarat Regional Conference investment promotion programme. The agreement outlines KP Group’s plans to set up renewable energy projects with an aggregate capacity of around 855 MW across multiple locations in Gujarat . Project Scope and Capacity Details Under the proposed plan, KP Group intends to develop a mix of solar and wind-solar hybrid projects, including...

Mumbai, January 12, 2026: Sical Logistics Limited has secured a large mining services contract valued at ₹4,038 crore, marking a significant order inflow for the company at the start of calendar year 2026. The company has received a formal Letter of Acceptance for undertaking work at the Porda Chimtapani Open Cast Project located in Raigarh district, Chhattisgarh. The contract has been awarded by South Eastern Coalfields Limited, a domestic coal producer. Contract Details and Scope of Work The order involves execution of mining-related work as per the tender terms issued earlier for the project. The total contract value stands at ₹4,038.18 crore, inclusive of applicable taxes, underscoring the scale and long-term nature of the...

Chennai, January 12, 2026: TANFAC Industries Limited (BSE: 506854) has entered into a long-term international supply contract for fluorinated chemicals, marking a significant export-led growth milestone for the specialty chemicals manufacturer. Contract Details and Financial Impact The company has signed an agreement with a Japanese customer for the supply of 7,500 metric tonnes of fluorinated chemicals per annum, with an estimated consideration of ₹337.5 crore per year. The contract tenure is seven years, commencing January 1, 2027, translating into a cumulative contract value of ₹2,362.5 crore, excluding GST. The contract has been executed in the normal course of business and is based on mutually agreed product specifications. Key...

Mumbai, January 12, 2026 – Man Industries (India) Limited (BSE: 513269 | NSE: MANINDS) has secured fresh orders worth approximately Rs 550 crore, reinforcing its robust order inflow momentum and visibility for the coming quarters.Order Details and Execution Timeline The newly secured orders pertain to the supply of various types of pipes for both domestic and international customers. The company indicated that execution of these orders is expected to be completed within six months, providing near-term revenue support.Following this order win, Man Industries’ total unexecuted order book stands at around Rs 4,600 crore, underscoring strong demand conditions and sustained traction across infrastructure and energy-linked projects...

Indore, January 12, 2026: Shakti Pumps (India) Limited (BSE: 531431 | NSE: SHAKTIPUMP) has received its first Letter of Award from Karnataka Renewable Energy Development Limited for the supply of 16,780 standalone off-grid DC solar photovoltaic water pumping systems across the state of Karnataka.The order, awarded under Component-B of the PM-KUSUM programme, carries a total value of approximately ₹654.03 crore, inclusive of GST. The scope of work encompasses design, manufacturing, supply, transportation, installation, testing, and commissioning of the solar pumping systems for statewide deployment.Order Scope and Execution Timeline The contract mandates end-to-end execution, from manufacturing through commissioning, with completion...

Nagpur, January 10, 2026: Artefact Projects Limited (BSE: 531297) has secured a new infrastructure consultancy assignment with a total contracted value of ₹4.98 crore, strengthening its presence in India’s national highway development segment.Project Scope and Details The company has been awarded the Independent Engineer Services mandate during the operation and maintenance phase of the eight-lane Vadodara–Kim Expressway in Gujarat. The assignment covers two key stretches of the corridor:Gandeva to Ena section: From km 190.000 to km 217.500 Ena to Kim section: From km 217.500 to km 254.430The expressway project is part of the broader Bharatmala initiative and is being executed under the hybrid annuity framework. Artefact Projects...

Ahmedabad, January 10, 2026: GTPL Hathway Limited (BSE: 540602 | NSE: GTPL) has received relief in a long-standing tax matter, with the appellate authority overturning a penalty of ₹45.90 lakh that had earlier been imposed on the company. The decision also directs a refund of the amount already paid by GTPL Hathway.The development relates to a penalty order issued in September 2023 by the Assistant Commissioner at Rudrapur, Uttarakhand, which had levied a charge of ₹45,90,396 on the company. GTPL Hathway had challenged the order, and the appeal has now been decided in its favour.As per the latest update, the Joint Commissioner (Appeals), State Tax, Rudrapur, passed an order on January 7, 2026, setting aside the earlier penalty and...

Ahmedabad, January 9, 2026: Latteys Industries Limited announced that it has received a major order for the supply of 7,369 off-grid DC solar photovoltaic water pumping systems across Maharashtra, marking a significant addition to its renewable energy order book.The order has been awarded by Maharashtra State Electricity Distribution Company Limited under the Magel Tyala Saur Krushi Pump Yojana and PM Kusum B Scheme, aimed at expanding solar-powered irrigation infrastructure across the state. Order Details and Scope The contract involves the design, manufacture, supply, transportation, installation, testing, and commissioning of off-grid DC solar water pumping systems. The pumps will be supplied in multiple configurations, including 3...

New Delhi, January 9: New Delhi Television Limited (BSE: 532529, NSE: NDTV) has informed stock exchanges that it has received scrutiny notices from tax authorities relating to its Goods and Services Tax filings for two financial years, with the proposed tax exposure aggregating nearly ₹34 crore. Details of the Scrutiny The notices pertain to FY 2022–23 and FY 2023–24 and raise observations around the alleged wrongful availment and utilisation of excess input tax credit, along with a short payment of tax. The proposed demand includes tax, interest, and penalty components and remains subject to adjudication. Proposed Amounts Under ReviewFinancial YearProposed Amount (₹ crore)FY 2022–2313.69FY 2023–2420.25Total33.94Company...

Hyderabad, January 9, 2026: Power Mech Projects Limited (POWERMECH) has announced that its wholly owned subsidiary, PM Green Private Limited, has secured a large-scale Battery Energy Storage System (BESS) project from West Bengal State Electricity Distribution Company Limited, marking the company’s formal entry into the energy storage segment.The contract involves the establishment of a 250 MW / 1,000 MWh BESS facility at the Goaltore Substation in Paschim Midnapore, West Bengal. The project carries a base revenue potential of Rs 1,563 crore, with an additional greenshoe option for another 250 MW / 1,000 MWh, taking the total revenue opportunity to Rs 3,126 crore.Project Scope and Structure The BESS project has been structured under...

Pune, January 8, 2026: P N Gadgil Jewellers Limited (BSE: 544256 | NSE: PNGJL) reported a robust operating performance in the December quarter, supported by strong festive and wedding season demand. The company posted sharp year-on-year growth across its core retail and digital channels, with Diwali emerging as the strongest festive period in its history. Strong Consolidated Revenue Performance During Q3 FY26, consolidated revenue rose sharply, led by the retail business, which continued to remain the primary growth driver. Consolidated Revenue Snapshot (₹ crore)Particulars Q3 FY26 Q3 FY25 YoY ChangeRevenue excluding other segment 3,169 2,176 +46%Other segment 133 259 -...