Order & deals

Belagavi, January 17, 2026: Aequs Limited has executed definitive agreements to form a new joint venture focused on unmanned aerial vehicles, marking its entry into UAV intellectual property development and manufacturing across domestic and international markets. The agreements were signed on January 16, 2026, with Accel India VIII (Mauritius) Ltd and Vagus Defence Tech & Aerospace Fund I. The joint venture entity will operate as Ajna Aerospace & Defence Private Limited. Focus on UAV IP and End-to-End Manufacturing The newly formed venture will undertake sourcing, acquisition and licensing of UAV-related intellectual property from overseas licensors, alongside the development of proprietary IP. The scope also includes manufacturing...

Mumbai, January 17, 2026: G R Infraprojects Limited (BSE: 543317, NSE: GRINFRA) has emerged as the lowest bidder for a large engineering, procurement and construction assignment related to battery energy storage systems at an NTPC thermal power facility, marking a significant addition to its order pipeline in the power infrastructure segment. The company secured the L-1 position following the financial bid opening held on January 16, 2026, for the EPC Package for BESS Implementation at NTPC Thermal Power Stations (Lot-1), specifically at the Mouda Super Thermal Power Station. Project DetailsParticularsDetailsProjectEPC Package for BESS Implementation at NTPC Thermal Power Stations (Lot-1)LocationMouda Super Thermal Power...

Jaipur, January 16, 2026: Insolation Energy Limited (BSE: INA) said its wholly owned subsidiary, Insolation Green Energy Private Limited, has entered into a memorandum of understanding with Bondada Engineering Limited for the supply of solar modules for upcoming solar power projects.Deal Details and Timeline Under the agreement, Insolation Green Energy Private Limited will act as a priority supplier of solar modules to Bondada Engineering Limited for projects scheduled between January 2027 and December 2028. The modules will be supplied under the domestic manufacturing framework covering both ALMM-1 and ALMM-II, aligned with the Make in India solar cell and module ecosystem.The arrangement has been structured to ensure continuity...

Mumbai, January 16, 2026: Larsen & Toubro Limited (NSE: LT, BSE: 500510) shares traded in the green in early trade on Friday after the company announced that its Hydrocarbon Onshore business has secured a large order from Petronet LNG. The stock was trading around ₹3,894 in morning deals, up about 0.7 percent from the previous close, reflecting a positive market reaction to the fresh order win.Stock Movement SnapshotPrevious Close: ₹3,865.80 Day’s High: ₹3,895.80 Day’s Low: ₹3,860.40 Morning Price: ~₹3,894 Intraday Gain: ~0.7 percentOrder Details and Project Scope L&T’s Hydrocarbon Onshore vertical has won the order on a lump sum turnkey basis, covering engineering, procurement, construction and commissioning. The project involves...

Hyderabad, January 15, 2026: Zen Technologies Limited (NSE: ZENTEC | BSE: 533339) has received defence orders aggregating ₹404 crore, including GST, from the Ministry of Defence, Government of India, strengthening its order book in advanced military training and counter-drone solutions. Order Breakdown and Scope The total order value comprises two key components aligned with modern battlefield and training requirements:SegmentOrder Value (₹ crore)Anti-Drone Systems / Counter Unmanned Aerial Systems (C-UAS)332Training Simulators and Equipment72Total404The orders pertain to the supply of anti-drone and counter unmanned aerial systems, along with training simulators and associated equipment, reflecting continued focus on...

New Delhi, January 15, 2026: NTPC Green Energy Limited (NSE: NTPCGREEN | BSE: 544289) on Thursday announced that its Board of Directors has approved the formation of a 50:50 joint venture company with GAIL (India) Limited to undertake renewable energy projects in India.Joint Venture Structure and Objective The proposed joint venture will be incorporated as an equal partnership between NTPC Green Energy and GAIL, with both entities holding a 50 percent stake each. The new company will focus on developing, owning, and operating renewable energy projects, aligning with India’s broader clean energy and energy transition goals.The approval was granted during the Board meeting held on January 15, 2026.Source:

Pune, January 15, 2026: Brainbees Solutions Limited (NSE: FIRSTCRY, BSE: 544226), the operator of the FirstCry platform, has received an adjudication order related to customs duty claims amounting to ₹6.56 crore, arising from imports made under a concessional duty framework. Details of the Order and Financial Exposure The order, dated January 13, 2026 and received by the company on January 14, 2026, pertains to alleged procedural lapses linked to documentation requirements for the country of origin of imported goods. The demand aggregates to ₹6,56,58,134, comprising duty, penalties, and redemption fines. Break-up of the DemandParticularsAmount (₹)Differential customs duty2,13,29,067Redemption fine1,15,00,000Penalty...

Hyderabad, January 15, 2026: HBL Engineering Limited (BSE: 517271 | NSE: HBLENGINE) on Thursday provided an update to stakeholders on the outlook of its Kavach business following the conclusion of a major locomotive tender, while reaffirming strong revenue visibility from station-related deployments. The company said it did not secure any orders in the recently decided CLW locomotive Kavach tender for 6,300 units, as competing bids were quoted at lower prices. As a result, the total visible demand for Kavach locomotive units during the current cycle has reduced from 18,429 units to 12,129 units. Despite the reduced locomotive opportunity, HBL continues to see meaningful revenue potential from the remaining demand. The company expects to...

Noida, January 15, 2026: Aditya Infotech Limited, the parent company of surveillance brand CP Plus, has received an order imposing a cumulative financial demand of ₹30.86 crore in connection with the import of 4G routers, according to a disclosure made by the company on Thursday. The order, dated January 13, 2026, was received by the company on January 14, 2026, and relates to the classification and duty treatment of imported 4G routers cleared earlier at nil basic duty along with applicable integrated tax. Details of the Demand As per the order, the total amount raised aggregates to ₹30,85,75,666, excluding interest. This includes multiple components linked to differential duty and penalties. The authorities have taken the view that...

Indore, January 15, 2026: Highway Infrastructure Limited has received a Letter of Acceptance for a road development project valued at ₹69.69 crore (excluding GST) from the Indore Development Authority, strengthening its order book in the urban infrastructure segment. Project Scope and Value The contract involves the development of road infrastructure under Town Planning Scheme-08, covering the stretch from Kumedi to Lasudiya Mori up to A.B. Road in Indore. The total consideration for the project stands at ₹69,68,72,954.73, with execution scheduled over a 30-month period. Key Commercial TermsParticularsDetailsProject Awarding AuthorityIndore Development AuthorityNature of WorkRoad development under Town Planning Scheme-08...

Jhansi, January 15: Bharat Heavy Electricals Limited has commenced the supply of semi-high-speed underslung traction transformers for the Vande Bharat Sleeper Train project, marking a key milestone in its expanding role in India’s railway propulsion ecosystem.The first set of traction transformers was flagged off from BHEL’s Jhansi manufacturing facility, underscoring the company’s growing capabilities in advanced rail transportation technologies. The Vande Bharat Sleeper Train project is being executed by a BHEL-led consortium in partnership with TRSL.The newly supplied traction transformers are designed for semi-high-speed operations, supporting operational speeds of up to 160 kmph with a design capability of 180 kmph. These units...

Hyderabad, January 15, 2026: Kernex Microsystems (India) Limited (BSE: 532686, NSE: KERNEX) today announced that it has received a major order worth ₹2,465.71 crore from Chittaranjan Locomotive Works (CLW), marking one of the largest contracts in the company’s history. Order Details and Scope The order involves the supply, installation, testing, and commissioning of 3,024 sets of On-board KAVACH Loco Equipment, to be executed as per the latest applicable technical specifications. The contract is domestic in nature and is scheduled to be completed within 12 months from the date of the purchase order. Key Contract HighlightsParticularsDetailsAwarding EntityChittaranjan Locomotive WorksNature of ContractSupply, Installation...

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...