Order & deals

Globe International Carriers Subsidiary Seals MOU to Establish Upscale Hotel Property in Jaipur Govind Kripa Infratech Private Limited, a subsidiary of Globe International Carriers Limited, has executed a Memorandum of Understanding (MOU) with OPO Hotels & Resorts. This agreement facilitates the operation and management of an upscale hotel property under the 'OPO Premier Marvel' brand.The strategic development is situated at Ajmer Road, Mahindra World City SEZ, Jaipur. This move marks a significant expansion for the company into the high-growth business and industrial hub sector.The hotel facility is designed to cater to various guest segments, including business travelers, corporate clients, and extended-stay guests. It boasts a...

Anzen India Energy Yield Plus Trust, through its Investment Manager, EAAA Real Assets Managers Limited, announced major board approvals following its meeting on April 16, 2026. The approvals cover a shift in the Trust’s sponsorship structure, a substantial unit issuance, and the strategic acquisition of a key asset.During the meeting, the board approved the requested change in the Sponsor of Anzen. The change involved SEPL Energy Private Limited ceasing its designation as the Sponsor and the induction of Epic Green Urja Private Limited (EGUPL) as the new Sponsor. This change is subject to requisite approval from the Trust’s unitholders and necessary amendments to the Trust Deed and the Amended and Restated Investment Management...

Marine Electricals Books Orders Valued at Rs 16.90 Crores from Key Clients Marine Electricals (India) Limited has secured orders totaling Rs 16.90 crores, excluding taxes, from several major clients. The contracts involve the supply of various electrical equipment and systems, with deliveries scheduled over the next several months.The company reported receipt of orders from Afcons Infrastructure Limited, Knowledge Shipyard Private Limited, and Udupi Cochin Shipyard Limited. The acquired contracts cover different types of specialized equipment and have staggered delivery timelines.The details of the orders received are as follows:Client NameProduct SuppliedEstimated Delivery PeriodAfcons Infrastructure LimitedPower...

Purv Flexipack Faces Income Tax Demand for Three Assessment Years Purv Flexipack Limited has received a demand notice from the Income Tax Department covering three different assessment years. The notice, issued under Section 156 of the Income Tax Act, 1961, relates to alleged additions and adjustments concerning undisclosed income.The Income Tax Department has raised tax demands for the assessment years 2024-25, 2022-23, and 2021-22.The financial demands raised by the authority for the respective years are detailed below:Assessment YearTax Demand AmountAY 2024-25Rs. 4,18,740AY 2022-23Rs. 32,39,490AY 2021-22Rs. 36,64,130Purv Flexipack Limited stated that it does not agree with the aforesaid amounts. In response to...

Rashi Peripherals Limited Approves Plans for Two New Subsidiaries and Key Acquisition Rashi Peripherals Limited announced major strategic decisions following its Board Meeting held on April 16, 2026. The company approved the incorporation of two new subsidiaries and the acquisition of a controlling stake in another electronics firm, solidifying its business footprint in India and Singapore.Among the key decisions transacted by the company was the approval for the incorporation of a Wholly Owned Subsidiary (WOS) in India. This new entity, Rashi Semiconductor Solutions Pvt. Limited, was approved, with the company sanctioning investment up to Rs. 80 crores for its development. Complementing this, the board also greenlit the establishment...

Eco Hotels Partners with Kesari Tours to Enhance Presence in Spiritual Destinations Eco Hotels and Resorts Limited has announced a strategic partnership with Kesari Tours Pvt. Ltd., a leading travel company known for its strong presence in pilgrimage and leisure travel. This collaboration marks a significant step in Eco Hotels' growth strategy, aimed at strengthening its footprint across key spiritual destinations in India, including Varanasi and Ayodhya.The partnership aligns with Eco Hotels’ asset-light and distribution-led growth strategy. The collaboration aims to expand the Company’s reach into high-potential spiritual tourism markets while maintaining a focus on environmentally responsible and comfortable hospitality solutions...

DCM Shriram Ltd To Establish Joint Venture in Advanced Polymer Compounds with Teknor Apex DCM Shriram Ltd has announced a strategic transfer of equity stake in its subsidiary, Shriram Polytech Limited (SPL), establishing a joint venture partnership with Teknor Apex B.V. The company's Board of Directors approved the execution of Shareholders' and Share Purchase Agreements for this transaction, following the board meeting held on April 16, 2026.Under the agreement, DCM Shriram will transfer a 50% equity stake it holds in SPL to Teknor Apex B.V. The transaction involves a cash consideration of USD 5.6 million.Following the transfer of the 50% stake, SPL will cease to be a wholly owned subsidiary of DCM Shriram and will be reclassified...

Pace Digitek Group Secures ₹64,597 Million in FY26 Orders, Energy Business Leads Growth Pace Digitek Limited, along with its subsidiaries, has reported total order inflows of ₹64,597 million for the fiscal year 2026. The order book is strongly led by the energy segment, which contributed ₹58,147 million, complemented by an inflow of ₹6,450 million from the telecom sector.The substantial order inflow signals the company’s increased involvement in Battery Energy Storage Systems (BESS) and various renewable-linked projects, positioning Pace Digitek to participate actively in India's evolving energy transition.Energy Segment Drives High-Quality Growth The energy order inflows for FY2026 were fueled by a diversified mix of Build Own...

Refex Industries Secures Contract for Pond Ash Transportation to NHAI PWD Sites Refex Industries Limited has secured a significant order for the transportation of pond ash to National Highways Authority of India (NHAI) PWD Road Construction Sites. The contract was awarded by a Maharatna Company (PSU).The order details pertain to the transportation of pond ash, confirming the company’s involvement in major infrastructure material supply chains.Detailed parameters of the contract, including its size and duration, are as follows:ParameterDetailAwarding EntityA Maharatna Company (PSU)Nature of ContractTransportation of pond ash to NHAI PWD Road Construction SitesDomestic/InternationalDomestic entityOrder Size...

Anlon Healthcare Limited Approves Acquisition to Transform into Complete Pharmaceutical Provider Anlon Healthcare Limited has announced that its Board of Directors approved the acquisition of a substantial stake in Remember India Health Links Private Limited. The transaction is set to significantly enhance Anlon’s presence across the pharmaceutical value chain, transforming the company from a B2B ingredient supplier into a comprehensive pharmaceutical and healthcare platform.On April 16, 2026, the Board approved the acquisition of 1,11,00,000 Equity Shares, representing 63.98% of the Equity Share Capital of Remember India Health Links Private Limited. The acquisition is being executed for a consideration amount of Rs. 5,38,12,800...

Texmaco Rail & Engineering Limited Wins Order From Ultratech Cement Limited for Wagon Supply Texmaco Rail & Engineering Limited, an adventz group company, has secured a contract from Ultratech Cement Limited for the supply of specialized wagons. The total value of the awarded order amounts to Rs. 27.18 crores (excluding taxes).The contract involves the supply of 1 rake of BCFC M1 wagons along with 1 Break Van BVCM.Key details regarding the order awarded by Ultratech Cement Limited are as follows:Detail CategoryInformation ProvidedAwarding EntityUltratech Cement LimitedNature of SupplySupply of 1 rake of BCFC M1 wagons with 1 Break Van BVCMOrder SizeRs. 27.18 crores (excluding taxes)Execution TimelineOn or before 15th...

Meta Infotech Ltd Wins Renewal Order of Rs. 1.03 Crores from Major Private Sector Bank Meta Infotech Ltd has secured a renewal order valued at Rs. 1,03,67,974.08 from a major private sector bank, confirming its ongoing business relationship with the leading financial institution.The contract, which pertains to the provision of Sustenance Resources, covers the period from April 01, 2026, to March 31, 2027. The company confirmed that the received order is in the ordinary course of business.The details regarding the contract award confirm the following key parameters:DetailInformationEntity Awarding OrderLargest Private Sector BankNature of ServiceSustenance ResourcesContract PeriodApril 01, 2026 to March 31, 2027...

Aarvi Encon Subsidiary Wins Work Contract Worth Approx. INR 38.50 Crores in Indonesia PT. Aarvi Encon Services, a step-down subsidiary of Aarvi Encon Limited (AEL), has been awarded a significant work contract in Indonesia. The contract was secured from one of the Leading Multinational Engineering Companies, marking a substantial operational win for the company’s overseas operations.The work order was received on April 14, 2026. According to the terms of the contract, the assignment is effective starting May 1, 2026, and is set to run for a duration of two years.The awarded contract details indicate that the nature of the agreement is a Manpower Supply Contract, sourced from an international entity.The primary financial and...

Ganesh Green Bharat Secures Work Order of Rs 7.34 Crore for Solar PV Module Supply Ganesh Green Bharat Limited, formerly known as Ganesh Electricals Private Limited, has secured a substantial work order for the supply of solar modules. The contract was awarded by Upvoltage Solutions LLP, marking a significant operational milestone for the company.The work order entails the supply of Solar PV modules Topcon 590. The total value of the contract is Rs 7,34,40,672/-, inclusive of all duties and taxes. This contract is classified as a domestic transaction with a domestic entity.The key details regarding the awarded contract are as follows:DetailSpecificationAwarding EntityUpvoltage Solutions LLPNature of OrderSupply of Solar PV...

Jyoti Structures Limited Receives New Project Order from Adani Electricity Mumbai Limited Jyoti Structures Limited announced it has received a new project order from Adani Electricity Mumbai Limited. The project involves EHV220kV/110kV Transmission Line Modification Works for the Mumbai Coastal Road Project, located in Mumbai, Maharashtra.The scope of work encompasses design, engineering, manufacturing, testing, supply of materials, survey, soil investigation, foundation and erection of towers and monopoles, stringing, testing, and commissioning on a turnkey (LSTK) basis. The value of the project is Rs. 88.33 Crores excluding GST. The completion period for the project is 12 months from the date of the Letter of Award.According to...

Medplus Subsidiary Receives Drug License Suspension Order Medplus Health Services Limited announced that Optival Health Solutions Private Limited, a subsidiary, has received a suspension order for a Drug License. The order pertains to a store located on Parkal Main Road in Telangana.According to the company, the Assistant Director, Drugs Control Administration, Warangal, Telangana, issued an order suspending the Drug License for a period of three days. The order was received on March 28, 2026, and is based on a violation of Rule 65 of the Drugs and Cosmetics Act, 1940 and Drugs and Cosmetics Rules, 1945.The company estimates a potential revenue loss of Rs 0.60 lacs as a result of the suspension.Further details are available on the...

NLC India Limited Commences Coal Production at Pachwara South Block NLC India Limited announced the commencement of coal production at the Pachwara South Open Cast Project on March 29, 2026. The project, located in Dumka District, Jharkhand, was initially allotted to the company by the Ministry of Coal, Government of India, on October 3, 2016.The Pachwara South Coal Block holds an extractable coal reserve of 264.84 million tonnes. It has a normative mining capacity of 9 million tonnes per annum and an average coal grade of G10. Overburden removal began on December 19, 2025, paving the way for the start of production.The coal block is utilized by Neyveli Uttar Pradesh Power Limited (NUPPL), a joint venture between NLC India Limited...

Deepak Builders and Engineers India Ltd. Secures Construction Project Valued at Rs. 474.25 Crores Deepak Builders and Engineers India Ltd. has emerged as the lowest bidder (L1) for a significant construction project involving 12 high-rise residential buildings near the Indian Oil Corporation Limited (IOCL) Panipat Refinery & Petrochemical Complex in Haryana. The project, awarded through the IOCL eProcurement Portal, encompasses a total value of Rs. 474.25 crores.The construction scope includes monolithic construction technology for the buildings (G+13), along with associated parking facilities, a sewerage treatment plant, utility infrastructure, roadworks, and other amenities.Following the award of this project, the total value of...

Cummins India Faces Tax Demand and Penalty of Over ₹100 Crore Cummins India Limited has received an order from the Additional Commissioner CGST, Pune-II Commissionerate, levying a tax demand of ₹52,55,51,043 and a penalty of ₹52,55,76,043. The order pertains to financial years 2019-20, 2020-21, and 2021-22, and concerns the alleged treatment of leave and license agreements as finance lease arrangements, resulting in a GST liability.The company plans to file an appeal against the order with the appropriate authority.The penalty levied is not expected to have a material impact on the financial or operational activities of Cummins India.The order was received on March 28, 2026.Source:

HeidelbergCement India Receives Order from GST Authority HeidelbergCement India Ltd. announced on March 29, 2026, that it received an order from the Assistant Commissioner, CGST Division Damoh, identified as Order No. GSTDRC-76/AC/DRC-07/DAMOH/25-26 dated March 28, 2026.The order, issued under Sections 74, 122 (2) (b), and 50 of the IGST Act, 2017, along with corresponding provisions of the MPGST Act, 2017, pertains to the levy of Integrated Goods and Services Tax (IGST) amounting to Rs. 140,68,285, along with a penalty of Rs. 140,68,285, and applicable interest.According to the company, the order is not expected to have a material impact on its financial performance or operations. HeidelbergCement India is currently reviewing the...