Yashtej Industries (India) Ltd has successfully commenced operations of its 5 MW solar power project, which has started generating revenue from March 7. The Maharashtra State Electricity Distribution Company Limited (MSEDCL) will purchase the electricity generated from the project, in accordance with the terms and conditions of the Power Purchase Agreement (PPA) executed by the company and MSEDCL.
Omnitech Engineering Limited has entered a Master Purchase Agreement (MPA) with Weatherford Products GmbH, establishing a 5-year framework for product supply beginning March 11. The international agreement carries an approximate annual value of $2,01,04,120 plus GST (around ₹184 crore), totaling nearly ₹920 crore over five years subject to terms. This long-term commitment reinforces Omnitech’s position serving global energy, automation, and industrial equipment sectors from its Rajkot, Gujarat facilities.
Wipro has entered into a multi-year contract for business and technology modernization for TruStage’s retirement services business. TruStage is an insurance and financial services provider based in Wisconsin. As part of this engagement, Wipro will transform TruStage’s core retirement services operations and technology stack through an integrated approach that delivers seamless digital experiences, business agility, and increased efficiencies.
Auto major Ashok Leyland on Wednesday announced the ground-breaking of a greenfield battery pack manufacturing facility at Pillaipakkam near Chennai. The project would incur an investment of ₹400-500 crore, and is part of the investments from the Hinduja Group as per an earlier MoU signed in September 2025.
Indo SMC has received a significant commercial order worth ₹20.89 crore for the supply of 3,000 busduct units up to 400A with assembly from a renowned customer in the metals and mining industry. The order, formally awarded on March 10, represents compact, high-performance power distribution systems using copper or aluminum conductors, suitable for industrial, commercial, and data center applications.
KEC International Ltd, a global infrastructure EPC major and an RPG Group company, has secured new orders of ₹1,476 crore for Transmission & Distribution projects in India, West Asia, Africa, and the Americas: 380 kV transmission lines, substations and EHV cabling (composite order) in Saudi Arabia; 132 kV transmission lines in Africa; supply of towers in India and the Americas; and supply of hardware and poles in the Americas.
Accord Transformer & Switchgear Limited has received a significant commercial order for transformers from a leading auto components manufacturing company. The domestic contract is valued at ₹69.92 lakh. The project execution is tentatively scheduled for completion by April 2026, with no promoter, promoter group, or group company interests in the awarding entity, confirming it falls outside related party transactions. This order maintains the company’s existing business model, risk profile, and financial position without material changes.
Aether Industries informed the exchanges about a fire incident at an external warehouse in Surat. All facilities are observing normal operations without any disruption, the company adding that there were no injuries or casualties.
India Homes Ltd has received a sanction for a One Time Settlement (OTS) with JC Flowers Asset Reconstruction Private Limited (JCF ARC) in respect of all its secured borrowings, i.e., outstanding secured loans/facilities availed by the company. After payment of this, all the secured borrowings of the company would have been paid off.
Bharat Forge has made an investment in Bharat Forge Global Holding GmbH, a wholly owned subsidiary, by way of contribution to capital reserve amounting to ₹160.035 million (€15 million).
Samvardhana Motherson International has entered into a Share Purchase Agreement to purchase a 100 per cent stake in Yutaka Autoparts India. As stated earlier in August 2025, the company was planning to acquire, through its subsidiary Motherson Global Investments BV, an 81 per cent equity stake in Yutaka Giken Co Ltd and an 11 per cent stake in Shinnichi Kogyo. Yutaka Giken holds a 62 percent stake in Shinnichi Kogyo. The company, through its subsidiary, has completed a tender offer to acquire additional shares in Japanese automotive components maker Yutaka Giken Co Ltd.
Vascon Engineers has received an order worth ₹115.9 crore from Ahmedabad Municipal Corporation for the development of Lotus Park. The work has to be completed within 24 months from the date of issue of the work order.
Published on March 12, 2026