The board of IT major Wipro on Thursday approved a buyback proposal of up to Rs 15,000 crore through the tender route. Under the proposal, the company will buy back up to 60 more fully paid-up equity shares of face value Rs 2 each at a price of Rs 250 per share. The proposed buyback represents 5.7 per cent of the total paid-up equity share capital and promoters indicated their intention to participate in the offer..
Petrobras, Operator of the BM-SEAL-11 Consortium, approved the Final Investment Decision (FID) for the SEAP-I Project which encompasses development of oil & gas discovered in BM-SEAL-11 Concession in Brazil. IBV Brasil Petróleo Ltd (IBV) – a company in which BPCL, through its wholly owned subsidiary Bharat PetroResources Ltd. (BPRL) and its step-down subsidiaries, holds a 65.40% equity stake-holds a 40% participating interest in the BM-SEAL-11 Concession, alongside Petrobras as the Operator with a 60% participating interest.
Shriram Polytech Ltd., subsidiary of DCM Shriram, has entered into a joint venture with Teknor Apex BV a subsidiary of Teknor Apex Company, a global leader in plastic material science solutions. The joint venture will operate under the brand name PolyTek. This partnership represents a significant milestone in DCM Shriram’s strategy to strengthen and grow its Polymer compounds portfolio and develop its global partnerships in high-growth sectors. By combining Shriram Polytech’s strong domestic presence and manufacturing capability n vinyl compounds with Teknor Apex’s global formulation capabilities, the joint venture aims to deliver high-performance and technically advanced, specialty polymer solutions for diverse industrial applications.
KPI Green Energy has been granted an Inter-State Power Trading License (Category IV) by the Central Electricity Regulatory Commission (CERC), marking a key step in the company’s evolution towards a more integrated and market-responsive renewable energy platform. This approves KPI to undertake electricity trading across state boundaries, enabling participation in India’s national power markets and alignment of its power sales strategy with regional demand dynamics.
Pace Digitek Ltd along with its subsidiaries reported order inflows of ₹6,459.7 crore for FY2026, led by strong traction in its energy business. The energy segment contributed ₹58,147 million, while telecom accounted for ₹6,450 crore. The order inflow includes major orders across energy and telecom segments. The order inflow reflects the Company’s increasing participation in Battery Energy Storage Systems (BESS) and renewable-linked opportunities, positioning it to participate in India’s evolving energy transition.
DCX Systems has received purchase order(s) for Manufacture and supply of Transmitter Receiver Module from IAI-ELTA Systems Limited, Israel amounting to about Rs 9.30 crore.
The board of MosChip Technologies has approved the acquisition of a 73% stake in Vayavya Labs Private Limited (VLPL). This strategic move is designed to enhance MosChip’s software-led engineering capabilities and expand its footprint in the high-growth automotive and semiconductor software segments.
Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from East Coast Railway on EPC mode. The order value is Rs 967.99 crore, including 18% GST.
HR Food Processing Private Limited, a wholly owned subsidiary of Dodla Dairy Limited, has been allotted 7.15 acres in Dumaria, Bihar, on the lease of 90 years from Bihar Industrial Area Development Authority (BIADA). The company will establish units to manufacture of Milk, Dahi, Paneer, Lassi, Butter, Ghee, Flavored Milk, Milk Sweets and other related milk products.
Aditya Infotech Ltd, the parent company of the prominent security brand CP PLUS, has announced the execution of a definitive 50:50 Joint Venture (JV) Agreement with Orient Cables (India) Ltd that will specialize in Electric cables (including LAN and CCTV cables), Terminated assemblies and connectors and Allied products for the security and connectivity sectors.
Refex Industries Ltd has procured an order for Transportation of pond ash to NHAI PWD Road Construction Sites. The order value is Rs 32.45 Crore (incl. of GST).
Rishabh Instruments, a global energy efficiency solution provider, said its wholly owned subsidiary, Lumel SA, has secured an additional order from the Germany-based energy sector company, valued at €3 million (₹30 crore), covers the supply of advanced electronic devices for industrial automation applications within the energy sector. The agreement is valid through the end of 2027, with potential for extension based on mutual agreement and project requirements. This marks the second order from the same customer, demonstrating the strength of the relationship and continued confidence in Lumel SA’s capabilities and solutions, the company said.
Published on April 17, 2026