What the market filed today.
Company announcements and corporate actions as they reach the exchanges — board outcomes, dividends, meetings and results, across every listed company. Updated through the day.
Thursday, 22 October32 announcements
- Jindal Stainless Ltd.JSLJindal Stainless reports 11% rise in Q2 consolidated net profit
Jindal Stainless has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported a 21.99% rise its net profit at Rs 785.50 crore for the quarter ended September 30, 2026, as compared to Rs 643.89 crore for the same quarter in the previous year. Total income increased by 5.34% to Rs 11,565.91 crore for Q2FY27 as compared to Rs 10,979.63 crore for the corresponding quarter of the previous year. On a consolidated basis, the company has reported 10.86% rise in its net profit at Rs 894.58 crore for Q2FY27, as compared to Rs 806.94 crore for the same quarter in the previous year. Total income increased by 18.44% to Rs 13,007.59 crore for Q2FY27 as compared to Rs 10,982.46 crore for the corresponding quarter of the previous year.
- Innovision Ltd.INNOVISIONInnovision bags order worth Rs 94.97 crore from NHAI
Innovision has received a Letter of Award (LoA) / work order engagement worth Rs 94.97 crore from NHAI (National Highways Authority of India). The work order engagement is of user fee collection agency for Limha Fee Plaza on Bilaspur-Pathrapali section of NH-11 (New NH-130) in the state of Chhattisgarh and upkeep maintenance of adjacent Toilets blocks including recouping the consumable items. The work order engagement is for one year. Innovision is in the business of providing manpower services, toll plaza management and skill development training to its clients across India.
- Swiggy Ltd.SWIGGYSwiggy’s consolidated net loss narrows to Rs 922 crore in Q2
Swiggy has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported a net profit of Rs 287 crore for the quarter ended September 30, 2026, against a net loss of Rs 881 crore for the same quarter in the previous year. Total income increased by 40.55% to Rs 2,981 crore for Q2FY27 as compared to Rs 2,121 crore for the corresponding quarter of the previous year. On a consolidated basis, the company has reported a net loss of Rs 922 crore for Q2FY27, as compared to a net loss of Rs 1,092 crore for the same quarter in the previous year. However, total income increased by 38.49% to Rs 7,783 crore for Q2FY27 as compared to Rs 5,620 crore for the corresponding quarter of the previous year.
- Adani Ports and Special Economic Zone Ltd.ADANIPORTSAdani Ports’ arm incorporates wholly owned subsidiary in Sultanate of Oman
Adani Ports and Special Economic Zone’s wholly owned subsidiary -- Adani International Ports Holdings has incorporated a wholly owned subsidiary namely ‘Indian Ocean Gateway Terminal’ on October 21, 2026, in the Sultanate of Oman. The proposed entity has been established to conduct its offshore operations locally in line with the company's strategy to expand its presence as a global integrated transport operator. This development further reinforces the company’s strategy of building a globally diversified business platform while expanding its international footprint and strengthening its presence across key global markets. Adani Ports and Special Economic Zone is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country.
- KSH International Ltd.KSHINTLKSH International gets PGCIL’s approval for 765 kV transformer components
KSH International has received ‘Manufacturer’ approval from Power Grid Corporation of India (PGCIL) to manufacture Continuously Transposed Conductors (CTC), Paper Insulated Copper Conductors (PICC) and Bunched Paper Insulated Copper Conductors (BPICC) for Transformers/ Reactors up to 765 kV class for Powergrid projects from company’s Supa Facility. This Manufacturer approval from PGCIL permits company’s Supa Facility to manufacture and supply CTC, PICC and BPICC for Transformers/ Reactors up to 765 kV class for Powergrid projects in India. KSH International is the third largest manufacturer of magnet winding wires in India.
- Adani Energy Solutions Ltd.ADANIENSOLAdani Energy Solutions reports over two-fold jump in Q2 consolidated net profit
Adani Energy Solutions has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported a 43.47% fall its net profit at Rs 57.29 crore for the quarter ended September 30, 2026, as compared to Rs 101.35 crore for the same quarter in the previous year. However, total income increased by 12.12% to Rs 1,088.60 crore for Q2FY27 as compared to Rs 970.91 crore for the corresponding quarter of the previous year. On a consolidated basis, the company has reported over two-fold jump in its net profit at Rs 1,322.85 crore for Q2FY27, as compared to Rs 533.97 crore for the same quarter in the previous year. Total income increased by 51.31% to Rs 10,239.33 crore for Q2FY27 as compared to Rs 6,767.15 crore for the corresponding quarter of the previous year.
- Shakti Pumps (India) Ltd.SHAKTIPUMPShakti Pumps (India) invests Rs 12 crore in Shakti EV Mobility
Shakti Pumps (India) has invested Rs 12 crore in its wholly owned subsidiary i.e. Shakti EV Mobility by subscribing to 1,20,00,000 Equity Shares of face value of Rs 10. The consolidated investment is Rs 92 crore after subscribing aforesaid equity shares. Objects of investment is to initiate and expand the business of the wholly owned subsidiary. Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.
- Kopran Ltd.KOPRANKopran concludes EU GMP inspection of Khopoli facility
Medicine Authority European Union (EU) has conducted GMP inspection at Kopran’s Formulation, manufacturing facility located at Khopoli, Maharashtra. The inspection was conducted from September 18, 2026 to September 23, 2026. The inspection was successfully concluded with No critical observations, one major observation and some minor observations and there were no data integrity related observations. Kopran is engaged primarily in pharmaceuticals business. The company manufactures both Active Pharmaceutical Ingredients and Finished Dosage Forms.
- Sandur Manganese & Iron Ores Ltd.SANDUMASandur Manganese’s arm forays into Medical Devices and Consumables business
Sandur Manganese & Iron Ores’ wholly owned subsidiary-- Royal Sandur MedTech has forayed into the Medical Devices and Consumables business. The arm has taken land on a long-term lease at the Andhra Pradesh MedTech Zone (AMTZ), Visakhapatnam, India’s premier medical technology park with common manufacturing facilities and scientific facilities. The lease deed was executed on October 19, 2026 between Royal Sandur MedTech and Andhra Pradesh MedTech Zone, the Government of Andhra Pradesh undertaking that owns and operates AMTZ, for setting up a manufacturing unit at AMTZ. Royal Sandur MedTech has also taken office space at World Trade Center AMTZ to support project development. Sandur Manganese & Iron Ores is engaged in mining of finest low grade, low phosphorous, manganese and iron ores, facility for production of ferroalloys and management of hydro-electric power generation.
- Larsen & Toubro Ltd.LTL&T’s Heavy Engineering vertical dispatches 8th steam generator for India's civil nuclear power programme
Larsen & Toubro’s (L&T) Heavy Engineering business vertical has dispatched 8th Steam Generator for India’s 700 MWe Pressurised Heavy Water Reactors (PHWRs) fleet civil nuclear power programme. This comes three months ahead of the contractual delivery schedule. Manufactured at L&T's state-of-the-art Heavy Engineering Complex at Hazira, the Steam Generator is among the most critical components of a nuclear power plant. The early delivery reflects L&T's continued commitment to safety, quality and execution excellence while supporting India's rapidly expanding nuclear energy programme. The milestone comes at a pivotal time in India's clean energy transition journey. With the Government of India accelerating nuclear capacity addition to strengthen energy security, support industrial growth, enable AI and digital infrastructure and meet long-term decarbonisation goals, timely delivery of critical nuclear island equipment remains an imperative. Larsen & Toubro is engaged in EPC Projects, Hi-Tech Manufacturing, Products and Services, operating across diverse domains and multiple geographies.
- Tech Mahindra Ltd.TECHMTech Mahindra collaborates with SpaceXSI
Tech Mahindra has collaborated with SpaceXSI, a leading AI coding platform, transforming how developers build, modernize, and maintain enterprise applications. The initiative will empower global enterprises to modernize legacy applications, accelerate software delivery, and improve developer productivity. By combining Tech Mahindra’s global engineering, enterprise transformation, and AI consulting capabilities with SpaceXSI’s AI-powered development platform, the two organizations will enable enterprises expand application modernization, streamline software development, improve code quality, and scale AI-assisted engineering across the software lifecycle. Designed for enterprise environments, the offering enables organizations to adopt AI-native development practices while meeting governance, security, and compliance requirements. Joint efforts will focus on supporting organizations across key sectors including technology, telecommunications, banking, financial services, manufacturing, healthcare, and retail. By bringing in Grok Build expertise into its engineering transformation and application modernization services, Tech Mahindra will help organizations shorten development cycles, enhance developer productivity, and accelerate the delivery of high-quality software. The organizations will also participate in joint go-to-market initiatives, customer engagements, industry-specific solutions, and enablement programs to help enterprises realize measurable business outcomes from AI-powered software engineering. Tech Mahindra offers technology consulting and digital solutions to global enterprises across industries, enabling transformative scale at unparalleled speed.
- Bondada Engineering Ltd.543971Bondada Engineering secures LoI from GIPCL
Bondada Engineering has received a Letter of Intent (LoI) from Gujarat Industries Power Company (GIPCL) for the Engineering, Procurement and Construction (EPC) package for the development of a 20 MW / 120 MWh Vanadium Redox Flow Battery Energy Storage System (VRFB BESS), including 10 years of Operations and Maintenance (O&M), at GIPCL’s 165 MW natural gas power plant complex in Vadodara, Gujarat. The award reflects GIPCL’s confidence in the company’s engineering capabilities, project execution expertise and experience in delivering large-scale renewable energy infrastructure projects. It also marks an important milestone in the company’s strategic expansion into advanced energy storage technologies. Bondada Engineering is engaged in the business of providing engineering, procurement and construction (EPC) services and operations and maintenance (O&M) services to its pan India customers operating in telecom and solar energy industry.
- Havells India Ltd.HAVELLSHavells India reports 10% rise in Q2 consolidated net profit
Havells India has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported an 11.13% rise in its standalone net profit at Rs 352.83 crore for the quarter ended September 30, 2026, as compared to Rs 317.48 crore for the same quarter in the previous year. Total income increased by 32.89% to Rs 6,449.18 crore for Q2FY27 as compared to Rs 4,852.89 crore for the corresponding quarter of the previous year. On a consolidated basis, the company has reported a 9.57% rise in its net profit at Rs 349.52 crore for Q2FY27, as compared to Rs 319.00 crore for the same quarter in the previous year. Total income increased by 32.86% to Rs 6,464.60 crore for Q2FY27 as compared to Rs 4,865.59 crore for the corresponding quarter of the previous year.
- CORONA Remedies Ltd.CORONACORONA Remedies gets GMP certification from Brazilian Health Regulatory Agency
CORONA Remedies has received Good Manufacturing Practice (GMP) Compliance Certification from Brazilian Health Regulatory Agency, ANVISA, Brazil for its OSD manufacturing facility and Hormone manufacturing facility, both located at Bhayla, Ahmedabad. CORONA Remedies is primarily engaged in the business of manufacturing, trading and marketing of pharmaceutical products.
- Aurionpro Solutions Ltd.AURIONPROAurionpro Solutions’ arm, Mastercard partner to bring contactless payments to public transportation
Aurionpro Solutions’ subsidiary -- Aurionpro Transit is building on its partnership with Mastercard to support public transport agencies and government authorities across North America in upgrading transit payment systems and enhancing the passenger experience. The collaboration aims to make contactless transit payment solutions easier to evaluate, procure, and deploy. This includes supporting practical procurement approaches, repeatable implementation methods, and clear pathways that can reduce complexity while supporting local operational and policy requirements. Together, the companies aim to help transit agencies and authorities introduce convenient, secure and seamless payment experiences across public transportation, with deployment models that can scale to meet their needs. Aurionpro Solutions is an advanced technology solutions company catering to the needs of the banking, mobility, payments and government sectors.
- Avance Technologies Ltd.AVANCEAvance Technologies incorporates wholly owned subsidiary
Avance Technologies has incorporated a wholly owned subsidiary named ‘Avance Holding’ under the provisions of the Companies Act, 2013. The company has received the Certificate of Incorporation from Central Registration Centre, Ministry of Corporate Affairs on October 21, 2026. The objective of subsidiary is to undertake investment activities in securities and other financial instruments, thereby creating opportunities for long-term growth and future prospects. Avance Technologies specializes in the distribution of information technology (IT) products.
- Allied Blenders And Distillers Ltd.ABDLAllied Blenders starts commercial operations at malt distillery in Telangana
Allied Blenders and Distillers has commenced commercial operations at its malt distillery at Rangapur, Telangana. The facility has an approved manufacturing capacity of around 4.4 million BL per annum. The greenfield facility marks a key step in expanding the company’s domestic production footprint and vertically integrating its core supply chain. The facility will enable the company to manufacture malt spirit in-house, giving the company greater control over the important input used in its whisky portfolio. This will help ensure consistent quality and provide a steady, dependable supply of malt spirit as production scales up. Along with meeting the company’s internal needs, the distillery will drive new product development and maturation. Crucially, it allows the company to begin laying down malt spirit to craft its own homegrown single malt whisky in the coming years and support its growing Prestige & Above portfolio. Allied Blenders and Distillers is an Indian-made foreign liquor company. The company offers four Indian-made foreign liquor categories: whisky, brandy, rum, and vodka.
- Organic Recycling Systems Ltd.543997Organic Recycling Systems enters into MoU with Mahanagar Gas
Organic Recycling Systems has entered into a Memorandum of Understanding (MoU) with Mahanagar Gas (MGL) to explore potential opportunities in the Compressed Biogas (CBG) value chain in Maharashtra and Karnataka. The MoU provides a framework for evaluating potential CBG projects, including feasibility assessments and potential offtake arrangements. The MoU is non-binding in nature, and any future commercial arrangements shall be subject to requisite approvals and execution of definitive agreements, wherever applicable. Organic Recycling Systems is an engineering company focused on environmental solutions and provides waste management solutions across waste types and across the value chain.
- Praveg Ltd.PRAVEGPraveg commences operations at Praveg Atoll’s Lakshadweep on Thinnakara Island
Praveg has commenced operations at Praveg Atoll’s Lakshadweep, located on the picturesque Thinnakara Island, Lakshadweep, from October 21, 2026. This launch plays a key role in the company’s journey to develop distinctive hospitality destinations and strengthen its presence in India’s experiential tourism sector. Thinnakara Island is renowned for its pristine white-sand beaches, crystal-clear turquoise waters, tranquil lagoons and captivating tropical landscape. Surrounded by the natural beauty of the Lakshadweep archipelago and its rich marine environment, the island offers an exceptional setting for travellers seeking relaxation, nature-based experiences and immersive island holidays. Praveg Atoll’s Lakshadweep is designed to complement this distinctive natural setting by bringing together comfortable accommodation, leisure, recreation and hospitality services, enabling guests to experience the island’s scenic beauty while enjoying a range of modern amenities. The resort features 100 uniquely designed accommodations, comprising 85 cocoon-shaped rooms and 15 shell-shaped rooms, nestled amidst coconut trees and the island’s tropical surroundings. The distinctive architecture and natural setting aim to offer guests a memorable stay that combines comfort with a close connection to nature. Praveg (Formerly known as Praveg Communications (India)) is principally engaged in business of providing services in holding and arranging Events, Exhibitions, Advertisement, Hospitality and in pharma sector.
- Mahindra & Mahindra Financial Services Ltd.M&MFINMahindra & Mahindra Financial Services reports 61% jump in Q2 consolidated net profit
Mahindra & Mahindra Financial Services has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported a 54.84% jump in its net profit at Rs 881.52 crore for the quarter ended September 30, 2026, as compared to Rs 569.31 crore for the same quarter in the previous year. Total income increased by 15.27% to Rs 5,174.79 crore for Q2FY27 as compared to Rs 4,489.24 crore for the corresponding quarter of the previous year. On a consolidated basis, the company has reported a 61.11% jump in its net profit at Rs 909.43 crore for Q2FY27, as compared to Rs 564.48 crore for the same quarter in the previous year. Total income increased by 18.07% to Rs 5,962.10 crore for Q2FY27 as compared to Rs 5,049.45 crore for the corresponding quarter of the previous year.
- Magellanic Cloud Ltd.MCLOUDMagellanic Cloud’s arm emerges as L1 bidder in Bank of Maharashtra’s e-surveillance tender
Magellanic Cloud’s wholly owned subsidiary -- Provigil Surveillance has emerged as the L1 (lowest) bidder in the tender issued by Bank of Maharashtra for the provision of e-surveillance solutions across 1550 plus sites, with a project value of approximately Rs 115 crore. The scope of work under the tender includes the supply, installation, and commissioning of e-surveillance systems with advanced AI features, along with the operation of a 24/7 Central Monitoring Station. The award of the contract remains subject to the issuance of a formal order by Bank of Maharashtra. Magellanic Cloud is global Leaders in Software Development, Digital Transformation, DevOps space.
- Krsnaa Diagnostics Ltd.KRSNAAKrsnaa Diagnostics collaborates with AZmed
Krsnaa Diagnostics has collaborated with AZmed, a globally recognised medical imaging company specialising in artificial intelligence (AI) solutions for radiology. The collaboration will evaluate AZmed’s AZtrauma solution, part of its Rayvolve AI suite, for the detection and triage of fractures, joint effusions, and dislocations on X-rays. The collaboration marks an important step in Krsnaa Diagnostics’ strategy to leverage advanced AI technologies that can strengthen its radiology operations, enhance reporting efficiency and build capacity for future growth. With one of India’s largest X-ray reporting operations, processing more than 5 million X-rays annually, Krsnaa is well positioned to evaluate the potential of AI-assisted radiology at scale. Krsnaa Diagnostics is one of the fastest-growing diagnostic chains in India. The company offers a wide range of diagnostic services such as imaging/radiology services (X-rays, MRI, etc.), routine clinical laboratory tests, pathology, and tele-radiology services to private and public hospitals, medical colleges, and community health centres.
- Zydus Lifesciences Ltd.ZYDUSLIFEZydus Lifesciences’ arm partners with Prolific Machines
Zydus Lifesciences’ subsidiary -- Zylidac Bio and Prolific Machines (Prolific) have partnered to scale Prolific’s platform from early development through GMP production. Both companies are headquartered in Emeryville in the San Francisco Bay Area. Prolific’s technology uses light to control protein expression in engineered cell lines, enabling substantial gains in productivity and product quality. The platform combines optogenetics enabled cell lines, illumination systems compatible with standard bioreactors, AI-driven process optimization, and advanced analytics. The technology is particularly useful for difficult-to-express proteins including multi-specific antibodies, fusion proteins, cytokines and other complex modalities. Under the agreement, Zylidac will first complete a tech transfer of Prolific's process at 50- liter scale to reproduce Prolific's results at the Zylidac site. The companies plan to subsequently scale client programs 250 liters, and into GMP manufacturing scale. Prolific's illumination hardware will work seamlessly with Zylidac's existing bioreactors, eliminating the need for customers to build new manufacturing infrastructure. The partnership creates an end-to-end development and manufacturing pathway for Prolific’s clients, spanning early development through commercial-scale supply. Programs can start with cell line development at Prolific and move seamlessly a short distance to Zylidac for scale-up, drug substance and drug product manufacturing, fill-finish, and packaging. Zydus Lifesciences is one of the leading innovation driven pharmaceutical companies in India with presence across the pharmaceutical value chain of innovating, manufacturing, marketing and selling of finished dosage human formulations, active pharmaceutical ingredients (APIs), animal healthcare products and consumer wellness products.
- The Indian Hotels Company Ltd.INDHOTELIndian Hotels Company reports 23% rise in Q2 consolidated net profit
Indian Hotels Company has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported a 35.81% rise in its net profit at Rs 392.64 crore for the quarter ended September 30, 2026, as compared to Rs 289.12 crore for the same quarter in the previous year. Total income increased by 23.63% to Rs 1,441.31 crore for Q2FY27 as compared to Rs 1,165.86 crore for the corresponding quarter of the previous year. On a consolidated basis, the company has reported a 22.66% rise in its net profit at Rs 349.49 crore for Q2FY27, as compared to Rs 284.92 crore for the same quarter in the previous year. Total income increased by 20.80% to Rs 2,566.17 crore for Q2FY27 as compared to Rs 2,124.25 crore for the corresponding quarter of the previous year.
- HCL Technologies Ltd.HCLTECHHCL Technologies launches NVIDIA-powered AI V&V solution for Auto
HCL Technologies has launched its AI-powered verification and validation (V&V) offering, powered by NVIDIA’s simulation stack, agentic capabilities and open model strategy. Designed for automotive vehicle manufacturers and Tier 1 suppliers, the offering combines agentic AI, physical AI-powered simulation and intelligent orchestration to help automate elements of vehicle software validation workflows and accelerate releases. As modern vehicles become increasingly software-defined, technological complexity, over-the-air updates and evolving regulatory frameworks are placing greater demands on the verification and validation processes. Automotive organizations face challenges of fragmented tool chains, manual workflows and labor-intensive compliance processes, creating a bottleneck between software development and release. As part of the company’s Industry AI solutions portfolio, this V&V offering for Auto leverages a simulation-first operating model that connects requirements, test creation, execution, analysis and compliance evidence across the validation lifecycle. The solution enables customers to automate validation workflows, expand scenario coverage, identify and investigate test failures faster, and maintain a continuous digital record linking requirements, test results and compliance reporting. The company’s V&V for Auto combines the company’s automotive engineering expertise, agentic AI capabilities and Validation Factory model with the NVIDIA stack, including NVIDIA Omniverse, NVIDIA Cosmos, NVIDIA Alpamayo, NVIDIA Omniverse NuRec and NVIDIA Isaac Sim, to generate and validate a wide range of scenarios in virtual environments, including rare and safety-critical conditions. This reduces reliance on physical testing, expands test coverage and improves visibility into release readiness. Leveraging the NVIDIA Agent Toolkit, this solution orchestrates multiple AI agents with reasoning powered by NVIDIA Nemotron open models across the V&V lifecycle. HCL Technologies is primarily engaged in providing a range of IT and business services, engineering and R&D services and modernized software products and IP-led offerings.
- Sagility Ltd.SAGILITYSagility acquires Chirok Health
Sagility has acquired Chirok Health, a provider of Clinical Documentation Improvement (CDI), medical coding, coding quality assurance programs and revenue integrity services for healthcare organizations. The acquisition adds specialized clinical and coding expertise to Sagility’s provider services portfolio, complementing its strengths in revenue cycle management, patient access, analytics, and technology and AI-led healthcare operations. The acquisition broadens Sagility’s ability to address evolving provider needs with integrated solutions. Founded with a focus on helping healthcare providers improve documentation quality, coding accuracy, reimbursement outcomes, and financial performance, Chirok Health has established a strong reputation for delivering high-quality clinical and administrative solutions to hospitals and health systems. Chirok Health also brings a highly specialized team of clinical documentation specialists, coding professionals, auditors, and healthcare subject matter experts further enhancing Sagility's provider-focused domain expertise to support healthcare providers across a broader spectrum of the revenue cycle and clinical operations value chain. Sagility delivers comprehensive, technology-enabled services across the healthcare value chain, supporting both payers and providers with scalable, compliant, and outcome-driven solutions.
- Bharat Electronics Ltd.BELBharat Electronics secures additional orders worth Rs 1,011 crore
Bharat Electronics (BEL) has secured additional orders worth Rs 1,011 crore. Major orders received include Improved Low Level Light weight Radar, communication equipment, sonar, jammer, upgrade, spares, services etc. Earlier, the company had secured additional orders worth Rs 533 crore. Bharat Electronics is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures state-of-the-art electronic products and systems for the Army, Navy and the Air Force.
- Grasim Industries Ltd.GRASIMGrasim Industries starts commercial production at Epichlorohydrin plant in Gujarat
Grasim Industries has commenced commercial production at its Epichlorohydrin (ECH) Manufacturing plant located at Vilayat, Gujarat, with effect from October 21, 2026. The plant has an installed production capacity of 50K tonnes per annum (TPA). The commencement of commercial production marks a significant step in the company's growth strategy and further strengthens its downstream chlor-alkali derivatives portfolio. Grasim Industries is a flagship company of Aditya Birla Group. The company’s businesses comprise viscose staple fibre, cement, chemicals and textiles.
- The Indian Hotels Company Ltd.INDHOTELIndian Hotels Company opens Vivanta Indore in Madhya Pradesh
Indian Hotels Company (IHCL) has opened Vivanta Indore, Amaltas in Madhya Pradesh. Located along the MR-10 corridor, the 202-key Vivanta Indore, Amaltas is designed around openness and natural light. Guests can enjoy contemporary dining experiences at Mynt, the all-day dining restaurant, and Swirl, the bakery and deli and unwind at the spa, swimming pool or explore the fitness centre. The hotel houses spacious venues, including a ballroom, multiple meeting rooms and the expansive Horizon Lawns, catering to conferences, social gatherings and celebrations. The opening of Vivanta Indore, Amaltas strengthens IHCL’s presence in this high-growth market and offers a contemporary hospitality experience for the travellers. Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, mid-market and value segments of the market.
- Seamec Ltd.SEAMECLTDSeamec enters into contract with HAL Offshore
Seamec and HAL Offshore (HAL) have entered into a contract for charter hire of Vessel SEAMEC ANANT for deployment with Oil and Natural Gas Corporation (ONGC) IMR jobs. The charter hire period is for around 1225 days, subject to HAL’s Charter Hire Agreement with ONGC. The total contract value for the said period is about $55 million exclusive of GST. Seamec is the region’s leading provider of Diving Support Vessel (DSV) based diving services.
- Omnitech Engineering Ltd.OMNIOmnitech Engineering secures orders from Indian Defence Organisations
Omnitech Engineering has secured commercial orders from leading Indian defence-sector organisations for the manufacturing and supply of precision-engineered components and sub-assemblies for critical defence applications. The orders mark an important step in the company’s expanding Aerospace & Defence business, reflecting its growing participation in strategic Aerospace and Defence manufacturing programmes and reinforcing its capabilities in precision machining, engineered fabrication and assembly. The engagements mark a meaningful addition to Omnitech's Aerospace & Defence manufacturing portfolio, supporting its strategic diversification into high-value engineering applications and further strengthens the company's positioning as a precision engineering and manufacturing partner in evolving Aerospace & Defence manufacturing ecosystem. The company considers Aerospace & Defence a strategically important vertical for its future growth, complementing its established industrial businesses and supporting its objective of building a diversified Precision Engineering Enterprise. Omnitech Engineering is a manufacturer of turned and machined parts, focusing on precision engineering for various industries.
- Refex Industries Ltd.REFEXRefex Industries bags slab-wise rate contract worth Rs 31.45 crore
Refex Industries has received slab-wise rate contract worth around Rs 31.45 crore (including GST) from one of the Maharatna Companies under the Ministry of Power. The slab-wise rate contract is for Ash transportation to construction site of road projects of NHAI and other Central or State Government Road construction department / Authority / PMGSY Road Project. The slab-wise rate contract shall be valid for a period of one year, extendable by a further period of six months. Refex Industries is in the business of Ash & Coal, handling business solar power - generation and related activities, sale of services and solar module trading.
Wednesday, 21 October31 announcements
- Kiri Industries Ltd.KIRIINDUSKiri Industries incorporates wholly owned subsidiary in Chile
Kiri Industries has incorporated wholly owned subsidiary (WOS) by name ‘ANDEMINA SpA’ in Chile. ANDEMINA SpA, will be engaged in the business of exploration, development, extraction, processing, refining, and trading of minerals, ores, metals, and all kind of mining products. Its business includes acquiring, holding, managing, and disposing of mining assets, concessions, royalties, and interests in mining projects and companies in Chile and abroad. The company will also undertake investments, project financing, supply and offtake agreements, and related logistics, infrastructure, and commercial services, along with other activities incidental or ancillary to its principal business. Kiri Industries is one of the largest manufacturer and exporter of wide range of Dyes, Intermediates and Chemicals from India.
- Eternal Ltd.ETERNALEternal’s consolidated net profit jumps 92% in Q2
Eternal has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported a 7.24% fall in its net profit at Rs 641 crore for the quarter ended September 30, 2026, as compared to Rs 691 crore for the same quarter in the previous year. However, total income increased by 39.27% to Rs 4,298 crore for Q2FY27 as compared to Rs 3,086 crore for the corresponding quarter of the previous year. On a consolidated basis, the company has reported a 92.31% jump in its net profit at Rs 125 crore for Q2FY27, as compared to Rs 65 crore for the same quarter in the previous year. Total income increased by 75.65% to Rs 24,489 crore for Q2FY27 as compared to Rs 13,942 crore for the corresponding quarter of the previous year.
- Kiaasa Retail Ltd.544711Kiaasa Retail launches premium no-discount brand ‘VIRASAT-Affordably Luxurious’ during Navratri
Ahead of the festive Navratri shopping season, leading ethnic wear retailer Kiaasa Retail has officially launched its new premium identity, VIRASAT - Affordably Luxurious. Created for consumers seeking elevated design and luxury craftsmanship, Virasat debuts as an exclusive, no-discount label within the Kiaasa portfolio. The new line is debuting during Navratri via a phased rollout in select flagship locations. VIRASAT - Affordably Luxurious, represents a strategic entry into the luxury ethnic segment. Designed around intricate detailing, premium fabrics, and timeless festive silhouettes, the brand adheres to a strict full-price, no-discount policy, reflecting its commitment to quality and value preservation. While Virasat is initially available through dedicated shop-in-shop sections in prominent Kiaasa outlets, the company has outlined ambitious growth plans. In the coming phases, Kiaasa intends to launch independent, standalone Virasat boutiques as dedicated destinations for high-end ethnic apparel. Kiaasa Retail is engaged in the business of manufacture, resell, trade, export, import, sell in wholesale and retail of fashion accessories, garments, footwear, leather goods, wearing apparel and dress materials, also as traders, fabricators, manufacturers, exporters and importers of all kinds of clothing, readymade garments, jewelry, footwear, hand bags, beauty products and all accessories related to fashion & lifestyle products.
- SRF Ltd.SRFSRF’s Q2 consolidated net profit rises 31%
SRF has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported a 20.91% rise in its net profit at Rs 438.48 crore for the quarter ended September 30, 2026, as compared to Rs 362.66 crore for the same quarter in the previous year. Total income increased by 33.07% to Rs 3,836.39 crore for Q2FY27 as compared to Rs 2,883.01 crore for the corresponding quarter of the previous year. On a consolidated basis, the company has reported a 31.16% rise in its net profit at Rs 509.12 crore for Q2FY27, as compared to Rs 388.18 crore for the same quarter in the previous year. Total income increased by 34.46% to Rs 4,929.14 crore for Q2FY27 as compared to Rs 3,665.90 crore for the corresponding quarter of the previous year.
- Adani Green Energy Ltd.ADANIGREENAdani Green Energy reports 15% rise in Q2 consolidated net profit
Adani Green Energy has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported a 93.05% decline in its net profit at Rs 33 crore for the quarter ended September 30, 2026, as compared to Rs 475 crore for the same quarter in the previous year. However, total income increased by 94.88% to Rs 8,181 crore for Q2FY27 as compared to Rs 4,198 crore for the corresponding quarter of the previous year. On a consolidated basis, the company has reported a 15.44% rise in its net profit at Rs 673 crore for Q2FY27, as compared to Rs 583 crore for the same quarter in the previous year. Total income increased by 39.12% to Rs 4,520 crore for Q2FY27 as compared to Rs 3,249 crore for the corresponding quarter of the previous year.
- Bharat Parenterals Ltd.541096Bharat Parenterals’ arm commences commercial supply to United States
Bharat Parenterals’ material subsidiary -- Innoxel Lifesciences (Innoxel) has commenced commercial supply to the U.S. market with the launch of its first contract manufacturing (CMO) product. Manufactured by Innoxel under a CMO arrangement, the product was launched in the U.S. market by its sponsor partner on October 20, 2026, the auspicious day of Vijayadashami. The sponsor selected Innoxel as its manufacturing partner for the product, and Auxilla Pharmaceuticals and Research LLP served as the development partner. The product is made at Innoxel's finished dosage facility in Vadodara, Gujarat, which received an Establishment Inspection Report (EIR) from the U.S. FDA in July 2025 and an EU-GMP certificate covering all four of its lines in March 2026. The identity of the sponsor and details of the product are not being disclosed in line with confidentiality obligations. The launch is the first of the two CMO products the Company expects to commercialise in FY27. It also changes the make-up of Innoxel's revenue. All of Innoxel's FY26 revenue of Rs 72.4 crore came from licensing, of which Rs 17.1 crore was upfront and Rs 55.3 crore milestone-linked. Commercial supply adds a recurring line on top of that base, earned on every batch shipped to partners selling in the U.S. Bharat Parenterals is engaged in to the business of the Pharmaceuticals & Drugs.
- Royal Orchid Hotels Ltd.ROHLTDRoyal Orchid Hotels’ arm launches new property in Kota
Royal Orchid Hotels (ROHL), through its subsidiary Regenta Hotels, has launched Regenta Place, Kota-a contemporary hospitality destination designed for travellers visiting the city for business, family, leisure or celebrations. Situated at Aerodrome Circle on DCM Road, the hotel offers a convenient base to experience Kota, with thoughtfully equipped accommodation, all-day dining and versatile venues for gatherings of every kind. Whether it is a family trip, a business visit or a few days spent discovering the city, comfort makes all the difference. Regenta Place offers 57 rooms and suites across Executive Rooms, Executive Twin Rooms, Royal Rooms and Suites. High-speed Wi-Fi, Smart TVs, digital safes, tea and coffee makers, in-room dining and 24-hour hot and cold water help make every stay convenient. At Pinxx, the hotel's all-day dining restaurant, guests can explore Indian, Oriental, Continental and regional flavours. From a leisurely breakfast before heading out to a satisfying meal after a day of sightseeing, Pinxx brings a range of dining choices together in one place. Royal Orchid Hotels is one of India's fastest-growing hospitality brands. Royal Orchid Hotels is one of India's fastest-growing hospitality brands.
- Apeejay Surrendra Park Hotels Ltd.PARKHOTELSApeejay Surrendra Park Hotels signs agreement for Zone Connect by The Park Aurangabad
Apeejay Surrendra Park Hotels (ASPHL) has signed a Hotel Management Agreement for Zone Connect by The Park Aurangabad, marking another step in the company’s expansion across emerging business and leisure destinations in India. Located on Beed Bypass in Chhatrapati Sambhajinagar, the upcoming hotel will cater to a diverse mix of travellers, from corporate guests visiting the city’s industrial hubs to families, inbound visitors and leisure travellers exploring its cultural heritage. With convenient access to the city’s three major MIDC industrial zones, key transport links and popular wedding venues, the property is well positioned to serve both business travel and social occasions. For travellers looking to explore the region, the hotel will provide a base to discover Chhatrapati Sambhajinagar’s rich history and cultural legacy, including the iconic Ajanta and Ellora caves, historic forts and museums. By catering to both business and leisure needs, the property aims to serve a varied mix of visitors to the city. The 50-key property will bring together comfortable accommodation, dining, business facilities and wellness under one roof. Cafe C, the brand’s all-day dining restaurant, will offer a dining option for hotel guests, while a banquet hall and meeting room/boardroom will cater to corporate meetings, intimate celebrations and social gatherings. Vitalia Gym & Spa will further complement the guest experience with dedicated fitness and wellness facilities. Apeejay Surrendra Park Hotels is engaged in the hospitality business operating under the brand names of 'THE PARK', 'THE PARK Collection', 'Zone by The Park', 'Zone Connect by The Park' and 'Stop by Zone'.
- Monarch Surveyors and Engineering Consultants Ltd.544453Monarch Surveyors secures LoA worth Rs 48.10 crore from West Central Railway
Monarch Surveyors and Engineering Consultants has received a Letter of Acceptance (LoA) from West Central Railway for an assignment valued at Rs 48.10 crore. The company will conduct Final Location Surveys (FLS) and provide associated engineering and planning services for railway infrastructure development projects. The mandate places Monarch at an important stage of India’s railway development journey--where precise surveys, robust investigations and well-considered planning translate into safer, faster and more resilient rail corridors. Beyond FLS, Monarch’s scope includes preparation of the Detailed Project Report (DPR), geotechnical investigations, signaling, electrical and operating/traffic works for the construction of electrified new lines, doubling, third and fourth lines, as well as flyover and bypass-line works. The assignment will support the planning and development of railway infrastructure designed to increase network capacity, strengthen connectivity and enable the continued expansion of India’s rail transportation system. The project is subject to requisite approvals from the relevant government authorities and is scheduled for completion within 36 months from the date of issuance of the LoA. Monarch Surveyors and Engineering Consultants is engaged in the business to provide comprehensive consultancy services under Concept to Commissioning of infrastructure projects which includes Survey, design and technical supervision for roads, railways, metros, town planning, geospatial, mapping, land acquisition, water, transmission Line, pipelines and other civil engineering sector.
- Zydus Lifesciences Ltd.ZYDUSLIFEZydus Lifesciences gets USFDA’s final nod for Estradiol and Levonorgestrel Transdermal System
Zydus Lifesciences has received United States Food and Drug Administration’s (USFDA) final approval for its Abbreviated New Drug Application (ANDA) for Estradiol and Levonorgestrel Transdermal System, 0.045 mg/0.015 mg per day. (URLD: Climara Pro Transdermal System 0.045 mg/0.015 mg per day). The ANDA has been designated by the USFDA as a Competitive Generic Therapy (CGT). The product is eligible for the 180-day exclusivity period available to certain first approved applicants under the CGT pathway, subject to the provisions of the U.S. Federal Food, Drug, and Cosmetic Act. Any exclusivity period, where applicable, would commence upon first commercial marketing of the product. Estradiol and Levonorgestrel Transdermal System is primarily used treat moderate to severe symptoms of menopause. It is also used in postmenopausal women for prevention of osteoporosis. The product will be manufactured at the group’s manufacturing plant at Moraiya, near Ahmedabad, Gujarat. Estradiol and Levonorgestrel Transdermal System had annual sales of around $45.7 million in the United States. The Group now has 458 approvals and has so far filed 516 (As on Sept 30, 2026) ANDA with the USFDA. Zydus Lifesciences is one of the leading innovation driven pharmaceutical companies in India with presence across the pharmaceutical value chain of innovating, manufacturing, marketing and selling of finished dosage human formulations, active pharmaceutical ingredients (APIs), animal healthcare products and consumer wellness products.
- Kalpataru Projects International Ltd.KPILKalpataru Projects International bags orders worth Rs 2,349 crore
Kalpataru Projects International has secured new orders and notifications of awards for major EPC projects totalling around Rs 2,349 crore. The orders include projects in the Power Transmission & Distribution (T&D) business and the Buildings & Factories (B&F) business in India. These new contract wins solidify its leading market position in India's fast-growing, high-potential infrastructure landscape. Kalpataru Projects International is one of the largest and fastest growing specialized EPC companies in India engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution.
- Allcargo Logistics Ltd.ALLCARGOAllcargo Logistics transforms financial processes with Oracle Fusion Cloud Applications
Allcargo Logistics has transformed financial processes with Oracle Fusion Cloud Applications. The company is using Oracle Fusion Cloud Applications to support its mission of delivering customer-centric, digitally enabled, and well-governed logistics services worldwide. With Oracle Fusion Applications for finance, Allcargo Logistics has standardized core business processes on a single integrated platform, reduced manual work through automation, strengthened governance and operational visibility, and reduced month-end close time by 30 percent. Founded in 1993, Allcargo Logistics now operates more than 700 facilities in India - with customers across diverse industries such as e-commerce, automobile, pharmaceutical and more. To support continued growth, the company needed to move off its legacy on-premises systems and onto a scalable cloud platform that uses AI to automate routine business processes, provide real-time visibility, and strengthen controls. After careful evaluation, Allcargo Logistics decided to move its finance operations to Oracle Fusion Applications. With Oracle Fusion Cloud Enterprise Resource Planning (ERP), Allcargo Logistics has standardized and automated finance processes across its operations, helping teams spend less time on manual process execution while strengthening controls and improving financial reporting. Oracle Fusion Cloud Procurement, part of Oracle Cloud ERP, has also helped Allcargo Logistics automate end-to-end procurement processes and provide teams with a consistent view of purchasing activity across its distributed operations. Allcargo Logistics is engaged in providing integrated logistics business solutions for National and International Trade, Warehousing, Transportation and handling of all kinds of Cargo, running ICD, CFS and Shipping Agents.
- Larsen & Toubro Ltd.LTL&T’s business vertical bags orders in New Delhi, Andhra Pradesh
Larsen & Toubro’s (L&T) business vertical -- The Public Spaces, Airports & Health (PAH) has secured two important orders (Large) in New Delhi and Andhra Pradesh. L&T classifies orders in the Rs 2,500 crore to Rs 5,000 crore range as ‘Large’. Awarded by the Central Public Works Department, the first order pertains to the construction of Government of India’s Common Central Secretariat buildings 4 and 5 along Kartavya Path in New Delhi. To be implemented on an engineering, procurement and construction basis, the project comprises two buildings with a configuration of basement + ground + 7 floors and having a total built-up area of 32.8 lakh sq. ft. L&T's scope encompasses structural, architectural, MEP and external development works. The project is scheduled for completion in 24 months, followed by a five-year operation and maintenance period. The second order, awarded by the Government of Andhra Pradesh, pertains to the construction of two office towers on either side of the Amaravati Quantum Computing Centre at Amaravati. The two proposed towers are configured as basement + ground + 47 floors and together cover a built-up area of 37.5 lakh sq. ft. A design & build order, L&T's scope includes shell and core works, with the project scheduled for completion in 30 months. Larsen & Toubro is engaged in EPC Projects, Hi-Tech Manufacturing, Products and Services, operating across diverse domains and multiple geographies.
- LTM Ltd.LTMLTM launches AI execution fabric ‘BlueVerse ValueMesh’
LTM has launched BlueVerse ValueMesh, an AI execution fabric designed to help enterprises industrialize AI across the Oracle transformation lifecycle, from strategy and implementation to operations and continuous innovation. BlueVerse ValueMesh is developed and validated by the company as part of its Cloud Services expertise. Built on the company’s deep Oracle expertise and BlueVerse portfolio, BlueVerse ValueMesh is designed to help enterprises industrialize AI across their Oracle transformation journey. It brings together AI-native delivery, intelligent automation, AI agents, managed services, intelligent business processes, industry solutions, data, and governance in a unified execution model designed to help organizations move beyond fragmented initiatives and isolated pilots and pursue scalable innovation, continuous optimization, and measurable business outcomes across their Oracle estate. BlueVerse ValueMesh is powered by the company’s growing portfolio of Business AI agents, AI-led delivery accelerators, industry solutions, and data management and governance capabilities. Its 4S framework Sense, Shape, Stand Up, and Sustain - provides a structured approach to identifying AI opportunities, designing AI-enabled solutions, deploying them at scale, and continuously optimizing performance. LTM (formerly LTIMindtree) - a Larsen & Toubro Group Company - is an AI-centric global technology services company and the Business Creativity partner to the world’s largest enterprises. Its capabilities span integrated operations, transformation, and business AI - enabling new ways of working, new productivity paradigms, and new roads to value.
- Shanmuga Hospital Ltd.544365Shanmuga Hospital launches ‘Shanmuga 360’ mobile application
Shanmuga Hospital has officially launched its ‘Shanmuga 360’ mobile application for commercial use on October 20, 2026. Shanmuga 360 is a digital healthcare mobile application developed to provide patients with convenient access to various healthcare services through a single digital platform. The application is designed to facilitate access to healthcare services, including appointment-related services, laboratory tests, second opinions, ambulance booking, medicine purchase options and home healthcare services, subject to availability and service coverage. The official commercial launch marks an important step in the company's digital healthcare initiatives, aimed at enhancing patient convenience and improving accessibility to healthcare services. Shanmuga Hospital is equipped with advanced healthcare technology, it addresses the community’s medical needs, serving patients from nearby regions.
- Dr. Reddy's Laboratories Ltd.DRREDDYDr. Reddy’s Laboratories gets nod for Zytorvi in advanced esophageal cancer
Dr. Reddy’s Laboratories has received approval from Central Drugs Standard Control Organisation (CDSCO), under the Drugs Controller General of India (DCGI), for Zytorvi (toripalimab) in combination with cisplatin and paclitaxel for the first-line treatment of adult patients with unresectable advanced, recurrent or metastatic esophageal squamous cell carcinoma (ESCC). The company entered into a licensing and commercialization agreement with Junshi Biosciences in 2023 for toripalimab across 21 countries. Globally, Toripalimab is approved by regulatory authorities including the U.S. Food and Drug Administration (USFDA), the European Medicines Agency (EMA) and the UK Medicines and Healthcare products Regulatory Agency (MHRA). Notably, the EMA approval is for first-line treatment of ESCC irrespective of PD-L1 expression. The approved indication in India similarly does not require patient selection based on PD-L1 expression, enabling appropriate patients to be considered for treatment regardless of their biomarker status. In 2024, esophageal cancer was the fourth leading cause of cancer-related death in India, accounting for around 8.1% of all cancer deaths. ESCC, the predominant subtype, accounts for approximately 80% of all esophageal cancer cases in India. Through Zytorvi, the company aims to expand access to first-line immunotherapy for appropriate patients with advanced ESCC in India. The approval is supported by the results from the Phase 3 JUPITER-06 trial. In the study, toripalimab in combination with paclitaxel and cisplatin reduced the risk of disease or death by 42% compared with chemotherapy alone. At the final overall-survival analysis, median overall survival was 17.7 months with toripalimab plus chemotherapy compared with 12.9 months with chemotherapy alone. Clinical benefit was observed across PD-L1-expression subgroups. Dr. Reddy's Laboratories is a multinational pharmaceutical company based in Hyderabad, Telangana in India. It manufactures and markets a wide range of pharmaceuticals in India and overseas.
- Unicommerce eSolutions Ltd.UNIECOMUnicommerce Esolutions enters into partnership with Kenstar
Unicommerce Esolutions and Kenstar, one of India's leading home appliance brands, have partnered to strengthen the technology backbone supporting Kenstar’s growing e-commerce business. As part of its long-term growth strategy, Kenstar is expanding its presence across digital commerce channels while deepening its reach in Bharat through a growing portfolio of innovative, energy-efficient home appliances. Today, Kenstar serves customers through leading e-commerce and quick commerce platforms, its own brand website, 30,000 plus retail touchpoints/dealers, and modern trade and regional retail outlets and has 18 plus warehouses and fulfilment centres across India. As the scale and complexity of its e-commerce operations continue to grow, the company is investing in technology that provides a unified view of inventory, orders, and warehouse operations to enable efficient fulfilment across channels. Through this partnership with Unicommerce, Kenstar has adopted Unicommerce's flagship platform, Uniware, deploying its Order Management System (OMS) and Warehouse Management System (WMS) to streamline its e-commerce operations. With this, Kenstar will now be able to manage orders across multiple sales channels through a single platform while providing real-time inventory visibility and improving warehouse efficiency. By bringing together order, inventory, and warehouse operations, the platform will support faster order processing, better stock utilisation, and more efficient fulfilment as the brand continues to expand its digital commerce footprint. Unicommerce Esolutions is an e-commerce enablement Software-as-a-Service (SaaS) platform in the transaction processing or nerve centre layer. It enables end-to-end management of e-commerce operations for brands, sellers and logistics service provider firms.
- Spice Lounge Food Works Ltd.539895Spice Lounge Food Works’ arm secures AI development order from Resource Point LLC, Michigan
Spice Lounge Food Works’ subsidiary -- TEKsoft Systems has secured a large AI development order from Resource Point LLC, Michigan, USA, worth $5,250,000 (around Rs 49.64 crore, based on prevailing exchange rates as of October 2026), for the development of an AI-powered technology platform for the sales and recruitment sector. The project scope covers software development, quality assurance and testing, system integration, deployment and go-live support, leveraging Microsoft technologies, artificial intelligence, automation and third-party API integrations, and is expected to be executed over around 24 months, with production go-live targeted by July 2028. Spice Lounge Food Works is a publicly listed food service company shaping India’s next wave of dining innovation.
- GRP Ltd.GRPLTDGRP completes installation of solar power plants at Ankleshwar, Panoli facilities in Gujarat
GRP has successfully completed the installation of solar power plants at Ankleshwar and Panoli facilities in Gujarat, and commenced commercial generation of solar power with effect from October 19, 2026. The 8 MWp project was completed with a Rs 2.60 crore cash investment. It enables the company to procure solar power at a preferential tariff for its manufacturing units based out in Gujarat, thereby reducing overall energy costs and utilising environment friendly renewable green and sustainable energy. GRP, established in 1974, is among the most recognized manufacturer of reclaimed rubber from used tyres, upscaled polyamide from nylon waste and engineered products die-cut from end-of- life tyres.
- Piramal Finance Ltd.PIRAMALFINPiramal Finance reports 65% rise in Q2 consolidated net profit
Piramal Finance has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported a 90.59% rise in its net profit at Rs 529.21 crore for the quarter ended September 30, 2026, as compared to Rs 277.67 crore for the same quarter in the previous year. Total income increased by 28.34% to Rs 3,683.06 crore for Q2FY27 as compared to Rs 2,869.85 crore for the corresponding quarter of the previous year. On a consolidated basis, the company has reported a 64.79% rise in its net profit at Rs 538.59 crore for Q2FY27, as compared to Rs 326.83 crore for the same quarter in the previous year. Total income increased by 28.17% to Rs 3,717.16 crore for Q2FY27 as compared to Rs 2,900.27 crore for the corresponding quarter of the previous year.
- Venus Pipes & Tubes Ltd.VENUSPIPESVenus Pipes starts pipe spooling operations ahead of schedule
Venus Pipes & Tubes has commenced operations of a part of its dedicated pipe spooling manufacturing capacity, ahead of the earlier planned timeline of December 2026. The early commissioning marks an important step in the company’s expansion into value-added pipe spooling solutions. By commencing production ahead of schedule, company aims to establish manufacturing readiness in advance of anticipated customer order, enabling faster execution and dispatch once order is received. The company has received a Letter of Intent (LoI) worth Rs 185 crore from a data centre customer for pipe spooling solutions. Conversion of the LoI into firm orders is expected to commence in the coming days, with the balance manufacturing capacity planned to be operationalised in a phased manner over the next few months. Venus Pipes & Tubes is a manufacturer and exporter of stainless-steel pipes and tubes.
- Sigma Advanced Systems Ltd.SIGMAADVSigma Advanced Systems secures $19.7 million order from North American NATO Customer
Sigma Advanced Systems has secured an order valued at $19.70 million (around Rs 174 crore) from a North American customer serving the NATO defence ecosystem for the manufacture and supply of specialised ancillary subsystems for 155 mm artillery ammunition. The order is scheduled to be executed by Q2 2027, with manufacturing to be undertaken within the Sigma ecosystem. The order marks Sigma’s fifth 155 mm engagement since May 2026, reflecting the steady expansion of its capabilities across the artillery ammunition value chain. With shell bodies, filled fuzes, advanced base-bleed shell technology, course-correction fuze collaboration and now ancillary subsystems within its portfolio, Sigma is progressing beyond individual ammunition component supply towards a broader manufacturing and engineering partnership across multiple elements of the artillery round. Sigma Advanced Systems is a globally integrated aerospace and defence company with decades of manufacturing experience.
- Just Dial Ltd.JUSTDIALJust Dial reports 10% decline in Q2 net profit
Just Dial has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported a 9.74% decline in its net profit at Rs 107.81 crore for the quarter ended September 30, 2026, as compared to Rs 119.44 crore for the same quarter in the previous year. However, total income increased by 5.58% to Rs 397.38 crore for Q2FY27 as compared to Rs 376.37 crore for the corresponding quarter of the previous year. Just Dial is a platform of solutions enabling businesses to become internet ready and chart their own path towards digital transformation.
- Transrail Lighting Ltd.TRANSRAILLTransrail Lighting bags new orders worth Rs 927 crore
Transrail Lighting has bagged new orders worth Rs 927 crore mainly in its Domestic Power T&D business. Post these fresh orders, the order intake for the year has increased to Rs 3,356 crore. The order wins mainly include EPC projects in domestic market for 765kV & 400kV transmission lines. It also includes conductor supply orders to USA. With these new jobs, the winning streak has continued for Transrail with more than Rs 2,300 crore order declared in last 3 weeks. Transrail’s expanded inhouse manufacturing capabilities for tower and conductors, paired with robust domestic and international T&D demand, positions the company perfectly to drive sustainable growth. Transrail Lighting is one of the leading Indian EPC companies with a primary focus on power transmission and distribution business and integrated manufacturing facilities for lattice structures, conductors, and monopoles.
- Bajaj Finance Ltd.BAJFINANCEBajaj Finance’s Q2 consolidated net profit rises 29%
Bajaj Finance has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported a 30.24% rise in its net profit at Rs 5,536.10 crore for the quarter ended September 30, 2026, as compared to Rs 4,250.77 crore for the same quarter in the previous year. Total income increased by 23.02% to Rs 20,919.40 crore for Q2FY27 as compared to Rs 17,004.53 crore for the corresponding quarter of the previous year. On a consolidated basis, the company has reported a 28.68% rise in its net profit at Rs 6,366.57 crore for Q2FY27, as compared to Rs 4,947.76 crore for the same quarter in the previous year. Total income increased by 22.93% to Rs 24,575.82 crore for Q2FY27 as compared to Rs 19,992.38 crore for the corresponding quarter of the previous year.
- Takyon Networks Ltd.544471Takyon Networks receives order worth Rs 1.33 crore from IIT Kanpur
Takyon Networks has received a work order worth of Rs 1.33 crore from Indian Institute of Technology, Kanpur (IIT Kanpur). The order is for the purpose of supply and installation of modern smart racks. The order is to be executed within 60 days. Earlier, the company had received a work order worth Rs 2.56 crore from Banaras Locomotive Works (BLW), Indian Railways, Varanasi. Takyon Networks is engaged in the business of providing IT Infra solutions, enterprise networking, network security and Web based surveillance services.
- KS Smart Technologies Ltd.516038KS Smart Technologies' arm to incorporate subsidiary in USA
KS Smart Technologies’ wholly owned subsidiary -- KS Smart Solutions (KSSPL) has proposed to incorporate a subsidiary in the United States of America (USA), subject to receipt of requisite approvals. KSSPL will hold 51% stake in the proposed entity. Consequent to the above, the US Subsidiary will become a wholly owned step-down subsidiary of the company. The incorporation of the proposed entity in the United States is aimed at supporting the company’s international expansion and strengthening its presence in global markets. The proposed entity will have business objects aligned with KSSPL’s business activities, enabling it to explore new business opportunities, expand its customer base, and enhance its ability to serve clients in international markets. The proposed incorporation is expected to contribute to the company’s long-term growth by facilitating access to developed and emerging markets, expanding its business network, enhancing brand visibility, and enabling it to leverage opportunities across geographies and sectors. It is also expected to improve operational efficiencies and facilitate cost optimisation in international trade. KS Smart Technologies (Formerly known as Soma Papers and Industries) manufactures and markets coated papers & boards, fluorescent papers and self-copy papers.
- Alembic Pharmaceuticals Ltd.APLLTDAlembic Pharmaceuticals’ arm incorporates subsidiary in Dubai
Alembic Pharmaceuticals’ wholly owned subsidiary -- Alembic Global Holding SA has incorporated a wholly owned subsidiary named ‘Alvesta Pharmaceuticals FZCO’ in Dubai, United Arab Emirates. The new entity aims to explore new business opportunities and to promote, sale and distribute pharmaceutical product(s) of the company. Alembic Pharmaceuticals is involved in manufacturing and marketing of India Formulations, International Generics, and Active Pharmaceutical Ingredients with vertical integration capabilities.
- Nuvama Wealth Management Ltd.NUVAMANuvama Wealth Management’s arm gets SEBI’s approval to establish SIF
Nuvama Wealth Management’s wholly owned subsidiary -- Nuvama Asset Management (NAML) has received approval from the Securities and Exchange Board of India (SEBI) to establish / launch a Specialized Investment Fund (SIF) under the SEBI (Mutual Funds) Regulations, 2026. Under the SIF, NAML will launch a Specialised Investment Platform - Numa SIF and offer SIF Products. Nuvama Wealth Management is a broker with recognized stock exchanges. Also providing research services and acting as a syndicate member for distribution of IPO's.
- Juniper Green Energy Ltd.JNPRJuniper Green Energy incorporates wholly owned subsidiaries
Juniper Green Energy has incorporated wholly owned subsidiaries, namely Juniper Green Stellar Fifteen and Juniper Green Beta Eight, on October 20, 2026. The subsidiaries have been incorporated to undertake activities relating to the development, establishment and operation of power generation projects in the field of renewable energy. Earlier, the company had incorporated two wholly owned subsidiaries namely ‘Juniper Green Field Fifteen’ and ‘Juniper Green Gem Fifteen’. Juniper Green Energy is an independent power producer (IPP) in India which develops, builds, operates and maintains utility scale renewable energy projects through its in-house engineering, procurement and construction and operations and maintenance teams, and generates revenue through the sale of electricity to various off-takers, including central and state government-backed entities.
- Railtel Corporation Of India Ltd.RAILTELRailTel Corporation bags LoA worth Rs 47.40 crore
RailTel Corporation of India has received the Letter of Acceptance (LoA) worth Rs 47.40 crore (including tax) from Haryana State Electronics Development Corporation. The order involves rate contract for SITC of Structured LAN at various locations in the State of Haryana, Chandigarh, Delhi NCR on behalf of various State Govt. Departments. The order is to be executed by April 18, 2028. RailTel Corporation of India is an information and communications technology (ICT) infrastructure provider and is one of the largest neutral telecom infrastructure providers in India.
Monday, 19 October42 announcements
- Mid East Portfolio Management Ltd.526251Mid East Portfolio Management signs MoU with Cher Lifestyle
Mid East Portfolio Management has entered into a Memorandum of Understanding (MoU) with Cher Lifestyle to explore a proposed strategic association for business expansion and funding. Under the MoU, the parties intend to evaluate a proposed funding arrangement of up to Rs 5 crore for establishing three additional branches of Cher Lifestyle in different cities. The proposed arrangement may involve equity investment, debt funding, convertible instruments or a combination thereof, subject to due diligence, financial feasibility, requisite corporate and regulatory approvals, and execution of definitive agreements. The MoU also provides for consideration of strategic guidance, business development support and possible board representation, subject to mutual agreement and applicable laws. Mideast Portfolio Management is primarily engaged in providing investment services to NRIs for New Issues (IPOs), Demat Services, Stock Broking and other services.
- Ceigall India Ltd.CEIGALLCeigall India’s arm signs transmission service agreement with Central Transmission Utility of India
Ceigall India’s wholly owned subsidiary -- Jam Khambhaliya Jamnagar Power Transmission has entered into a transmission service agreement with Central Transmission Utility of India (Nodal Agency) for the development and operation of an Inter-State Transmission System for the evacuation of power from Lakadia (Phase-II: 7.5 GW) and Khambhaliya (Phase-II: 5.5 GW) and Jamnagar (Phase-I: 1 GW) - Part B. Ceigall India is an infrastructure construction company with experience in undertaking specialized structural works such as elevated roads, flyovers, bridges, Railway over bridges (ROB), tunnels, highways, expressways and runways.
- Akme Fintrade (India) Ltd.AFILAkme Fintrade (India) raises Rs 50 crore through NCDs
Akme Fintrade (India) has raised Rs 50 crore through the allotment of 50,000 Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs) of Rs 10,000 each in Series A1 and Series A2 on private placement basis in one or more tranches. The Board of Directors of the company at their meeting held on October 19, 2026 has approved allotment of the same. Akme Fintrade (India) is a non-banking finance company (NBFC). It is primarily engaged in rural and semi-urban centric lending solutions to look after the needs and aspirations of rural and semi-urban populace.
- Infosys Ltd.INFYInfosys expands collaboration with Truist
Infosys has expanded its collaboration with Truist, one of the largest US-based financial services companies, to support the bank’s continued build-out of its AI-first Global Capability Center in Hyderabad. Together with Infosys, Truist is strengthening India’s role as a key global hub for innovation, talent, and digital capability. Through this expanded collaboration, Infosys will utilize its deep financial services expertise and AI-first capabilities, to help accelerate scalable transformation and drive enterprise-wide value creation. As part of this effort, Truist is consolidating capabilities currently delivered through multiple supplier relationships in India into a more unified, integrated operating model. Infosys and Truist will celebrate the successful onboarding of more than 1,000 colleagues later this month, marking a significant milestone in the continued growth and expansion of the GCC. The GCC represents Truist’s continued investment in building a scaled, future-ready innovation and operations hub designed to enhance client experiences, empower teammates, and help deliver a more digitally enabled and relationship-driven banking experience. Infosys will enable Truist to build, scale, and transition a self-sustaining center of excellence, integrating AI, technology, data, and operations into a single cohesive delivery framework. This model is designed to reduce third-party dependency, manage global delivery complexity, and cultivate deep, future-ready technology talent. Infosys is a leading provider of consulting, technology, outsourcing and next-generation digital services, enabling clients to execute strategies for their digital transformation.
- Hindustan Zinc Ltd.HINDZINCHindustan Zinc reports over two-fold jump in Q2 consolidated net profit
Hindustan Zinc has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported over two-fold jump in its standalone net profit at Rs 6,317 crore for the quarter ended September 30, 2026, as compared to Rs 2,632 crore for the same quarter in the previous year. Total income increased by 75.01% to Rs 15,334 crore for Q2FY27 as compared to Rs 8,762 crore for the corresponding quarter of the previous year. On a consolidated basis, the company has reported over two-fold jump in its net profit at Rs 6,412 crore for Q2FY27, as compared to Rs 2,649 crore for the same quarter in the previous year. Total income increased by 76.02% to Rs 15,467 crore for Q2FY27 as compared to Rs 8,787 crore for the corresponding quarter of the previous year.
- Millworks Technologies Ltd.544826Millworks Technologies establishes centre of excellence for 3D printing with Markforged
Millworks Technologies has set up a centre of excellence for 3D printing with Markforged Holding Corporation, USA at its facility. The Centre houses seven machines in total, including industrial 3D printers, supporting post-processing systems and 3D scanning equipment. It is designed to enable rapid prototyping of carbon fibre composite and polymer components for aerospace and defence customers. The Centre runs on Markforged’s Digital Forge platform, which connects industrial 3D printers, engineering-grade materials and enterprise software, so that parts can be produced on demand at the point of need. The company expects this to shorten development cycles considerably and to let it respond faster to customer requirements for new programmes. The Centre’s equipment includes the Markforged FX10 industrial composite printer, the Markforged Mark Two (Gen 2) continuous fibre printer, the Formlabs Form 4L and Form 4 resin printers with complete post-processing packages, a MetaForm 700 FDM large-format printer, and a 3DeVOK MT 3D scanner for reverse engineering and dimensional inspection. Millworks Technologies is a precision engineering company, specializing in manufacturing machined components, sheet metal parts, and integrated assemblies for mission-critical applications across the railways, aerospace, defence, and semiconductor sectors. Its operations follow both Build to Print (BTP) and Build to Spec (BTS) engagement models, covering full-scope manufacturing and job-work assignments.
- Qualitek Labs Ltd.544091Qualitek Labs’ arm bags work order from BRDC
Qualitek Labs’ wholly owned subsidiary -- Interstellar Testing Centre has received a work order from Bio-Resources Development Centre (BRDC), Government of Meghalaya. The order is for engagement of a service provider to support the setup, operation and accreditation of the Quality Control and Analytical Laboratory at BRDC Experimental Farm, Laitmynsaw, Upper Shillong, Meghalaya, in accordance with the terms of reference. Qualitek Labs is primarily engaged in the business of providing testing, inspection, homologation, certification and consultancy services to various industries viz the automotive, defense, minerals, environment & water, food & agriculture, pharma & healthcare, and metal & metallurgy.
- Mirza International Ltd.MIRZAINTMirza International incorporates wholly owned subsidiary
Mirza International has incorporated a new 100% wholly owned subsidiary (WOS) with the name ‘Mirza Footwear’ on October 19, 2026. The objective of incorporation is to carry on the manufacturing, retail and wholesale marketing and e-commerce business of Footwear. Earlier, the company had incorporated a new wholly owned subsidiary (WOS) with the name ‘Mirza Global’. Mirza International is India’s leading leather footwear manufacturer, marketer and exporter by its Solid infrastructure, Consumer-focused approach and Omni-channel marketing.
- Ultratech Cement Ltd.ULTRACEMCOUltraTech Cement’s Q2 consolidated net profit rises 21%
UltraTech Cement has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported a 25.18% rise in its standalone net profit at Rs 1,331.78 crore for the quarter ended September 30, 2026, as compared to Rs 1,063.85 crore for the same quarter in the previous year. Total income increased by 23.72% to Rs 22,192.25 crore for Q2FY27 as compared to Rs 17,937.07 crore for the corresponding quarter of the previous year. On a consolidated basis, the company has reported a 21.29% rise in its net profit at Rs 1,493.77 crore for Q2FY27, as compared to Rs 1,231.58 crore for the same quarter in the previous year. Total income increased by 18.44% to Rs 23,405.96 crore for Q2FY27 as compared to Rs 19,761.07 crore for the corresponding quarter of the previous year.
- Highness Microelectronics Ltd.544741Highness Microelectronics inaugurates new glass cutting line at Rabale plant
Highness Microelectronics has inaugurated its new glass cutting line at its manufacturing plant located at R364, T.T.C. Industrial Area, Rabale, Navi Mumbai, Maharashtra, on October 19, 2026. Commercial production from the glass cutting line has been commenced on October 19, 2026. The addition of this line is expected to strengthen the company’s in-house manufacturing capabilities and support its growth plans. Highness Microelectronics is engaged in the design, development, manufacturing, and assembly of display solutions, embedded systems, industrial electronics, and customized technology products catering to a wide range of industries.
- Aeroflex Industries Ltd.AEROFLEXAeroflex Industries gets patent for innovative engineering technology
Aeroflex Industries has been granted a patent for its innovative technology for Automatically Generating 3D Computer-Aided Model of a Braided Hose Assembly. The patented technology focuses on the automated generation of 3D computer-aided models of braided hose assemblies, reflecting the company's efforts towards advancing its engineering and design capabilities through technology-driven innovation. The grant of this patent marks another significant milestone in Aeroflex's journey towards strengthening its R&D and engineering capabilities. R&D has been the backbone of the company's growth and product innovation, enabling it to develop an extensive portfolio of over 3,300 SKUs, with hose diameters ranging from 1/4 inch to 14 inches. This extensive product basket reflects Aeroflex's strong engineering expertise, product customization capabilities and ability to cater to diverse customer requirements across industries. Aeroflex Industries is engaged in manufacturing of stainless steel, flexible hose with braiding and without braiding and assemblies.
- Regency Fincorp Ltd.540175Regency Fincorp raises Rs 30 crore through NCDs
Regency Fincorp has raised Rs 30 crore through the allotment of 30,000 13% Listed, Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis, having a face value of Rs 10,000 each, to identified investors. The NCDs have a tenor of 36 months and carry a coupon rate of 13.00% per annum. The meeting of the Allotment Committee of the Company held on October 19, 2026, inter alia, considered and approved the same. Regency Fincorp is engaged in lending and allied activities. The company provides customer-centric financial services, mainly in the form of micro-credit, to the women entrepreneurs and MSMEs of the country. Its credit is utilized primarily in agriculture, allied activities, and small businesses.
- Highness Microelectronics Ltd.544741Highness Microelectronics inaugurates new glass cutting line at Rabale facility in Navi Mumbai
Highness Microelectronics has inaugurated its new glass cutting line at its manufacturing plant located at Rabale, Navi Mumbai, Maharashtra, on October 19, 2026. The commercial production from the glass cutting line has commenced on same day. The addition of this line is expected to strengthen the company’s in-house manufacturing capabilities and support its growth plans. Highness Microelectronics is engaged in the design, development, manufacturing, and assembly of display solutions, embedded systems, industrial electronics, and customized technology products catering to a wide range of industries.
- Kwality Pharmaceuticals Ltd.KPLKwality Pharmaceuticals acquires land for Amritsar manufacturing facility expansion
Kwality Pharmaceuticals has acquired 4 acres of land adjacent to its existing manufacturing facility in Amritsar, Punjab, to support its next phase of growth. The company plans to develop a fully automated manufacturing facility comprising 4 injectable lines and 6+ lines for tablets, capsules, ophthalmic and other oral solid dosage formulations, designed with due consideration to applicable EU GMP requirements. The expansion aims to meet growing demand for existing and upcoming products, create capacity for future launches and bioequivalence-led opportunities, and strengthen the company's Amritsar manufacturing campus. The project is targeted for completion by Q4 FY2028, with full operations expected by Q2 FY2029, reinforcing the Company's commitment to scalable capacity and sustainable growth. Kwality Pharmaceuticals is a pharmaceutical formation company. It is engaged in manufacturing finished pharmaceutical formulations in dosage form.
- Natco Pharma Ltd.NATCOPHARMNATCO Pharma launches Carboplatin Injection
NATCO Pharma through its U.S. subsidiary -- NATCO Pharma USA LLC has launched Carboplatin Injection, a generic version of Paraplatin in the U.S. market. The company has launched this product in manufacturing collaboration with Teyro Labs, based in Chennai. This launch helps address a critical shortage of the product in the U.S. market. Carboplatin Injection is indicated for the treatment of advanced ovarian carcinoma, including first-line combination therapy and palliative treatment of recurrent disease after prior chemotherapy. Carboplatin Injection had estimated sales of $27.8 million in the U.S. for 12 months ending June 2026 as per industry sales data. NATCO Pharma develops, manufactures and distributes generic and branded pharmaceuticals, specialty pharmaceuticals, active pharma ingredients and crop protection products.
- Ceigall India Ltd.CEIGALLCeigall India’s arm gets provisional completion certificate for HAM project
Ceigall India’s subsidiary-- Ceigall Jalbehra Shahbad Greenfield Highway has received a Provisional Completion Certificate for project ‘Construction of 4-Lane Greenfield; Jalbehra Shahbad Section of NH-152G Start from KM 0+000 to KM 22+850 (Part of Shahbad-Thol Feeder Route) in the State of Haryana on Hybrid Annuity Mode (HAM) Under Bharatmala Pariyojana Phase-I, on October 19, 2026, from the Independent Engineer, declaring the project provisionally complete with effect from August 27, 2026. The bid project cost is Rs.684 crore (Excl. GST). Ceigall India is an infrastructure construction company with experience in undertaking specialized structural works such as elevated roads, flyovers, bridges, Railway over bridges (ROB), tunnels, highways, expressways and runways.
- Power Mech Projects Ltd.POWERMECHPower Mech Projects bags order worth Rs 327.35 crore
Power Mech Projects has secured an order worth Rs 327.35 crore (Excl. GST) from Vedanta Aluminium Metal. The scope of work includes end to end operation and maintenance of 130 MW (2 x 50 MW, 1 x 30 MW) & operation and maintenance of BOP of 90 MW at Coal-fired Co-Generation Power Plant at Vedanta, Lanjigarh, Odisha. The order is for a period of 48 months. Earlier, the company had secured an order from Moxie Power Generation for providing complete operation and maintenance services at 2x600 MW Moxie Power Generation Tuticorin TPP. Power Mech Projects is an integrated power infrastructure services company. The company's operations include three business lines: Erection Works, Operation & Maintenance (O&M) Services and Civil Works.
- Union Bank Of IndiaUNIONBANKUnion Bank of India’s consolidated net profit rises 31% in Q2FY27
Union Bank of India has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The bank has reported a 30.32% rise in its standalone net profit at Rs 5,537.20 crore for the quarter ended September 30, 2026, as compared to Rs 4,249.08 crore for the same quarter in the previous year. Total income increased by 5.20% to Rs 32,809.29 crore for Q2FY27 as compared to Rs 31,186.38 crore for the corresponding quarter of the previous year. On a consolidated basis, the bank has reported a 30.62% increase in its net profit at Rs 5,781.00 crore for Q2FY27, as compared to Rs 4,425.95 crore for the same quarter in the previous year. Total income increased by 5.40% to Rs 33,471.29 crore for Q2FY27 as compared to Rs 31,755.44 crore for the corresponding quarter of the previous year.
- Chambal Fertilisers and Chemicals Ltd.CHAMBLFERTChambal Fertilisers inks pact to acquire 26% stake in M/s. Clean Max Hachi
Chambal Fertilisers and Chemicals has entered into a Share Purchase Agreement with M/s. Clean Max Enviro Energy (Clean Max Enviro) and M/s. Clean Max Hachi (Special Purpose Vehicle or SPV) to acquire 26% stake in the captive power generation facility (SPV) from an existing shareholder i.e. Clean Max Enviro. The company will acquire the stake for a consideration of up to Rs 6 crore. The acquisition is aimed at development and operation of a captive power generation facility in the state of Rajasthan, having hybrid wind-solar capacity of 5 MW, to partly replace the purchased grid power with renewable energy power and thereby achieve substantial cost savings. In addition, the acquisition will support the sustainability objectives of the company. Chambal Fertilisers and Chemicals is engaged in production of Urea and has various Urea plants.
- HFCL Ltd.HFCLHFCL’s consolidated net profit jumps over five-fold in Q2
HFCL has reported results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported over four-fold jump in its net profit at Rs 268.02 crore for the quarter ended September 30, 2026 as compared to Rs 61.44 crore for the same quarter in the previous year. The total income of the company has increased over two-fold at Rs 2,203.06 crore for Q2FY27 as compared to Rs 1,018.20 crore for the corresponding quarter of the previous year. On consolidated basis, the company has reported over five-fold jump in its net profit at Rs 362.91 crore for the quarter ended September 30, 2026 as compared to Rs 67.86 crore for the same quarter in the previous year. The total income of the company increased over two-fold at Rs 2,569.25 crore for Q2FY27 as compared to Rs 1,056.38 crore for the corresponding quarter previous year.
- Jupiter Life Line Hospitals Ltd.JLHLJupiter Life Line Hospitals enters into hypothecation agreement with HDFC Bank
Jupiter Life Line Hospitals (JLHL) has entered into hypothecation agreement with HDFC Bank for financing the capital expenditure requirement of the company. Size of agreement is Rs 500 crore (Sublimit of Rs 300 crore towards LC facility). Security provided includes exclusive charge on Dombivli Hospital & Pune Baner Hospital on immovable properties, tangible movable assets by way of mortgage and hypothecation respectively and paripassu charge on current assets and receivables. Jupiter Life Line Hospitals is engaged in the business of operating and managing hospitals and clinics in India. The company is among the key multi-specialty tertiary and quaternary healthcare providers.
- RBL Bank Ltd.RBLBANKRBI approves amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. with RBL Bank
The Reserve Bank of India (RBI) has sanctioned the Scheme of Amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. (Transferor Bank) with RBL Bank (Transferee Bank). The Scheme has been sanctioned in exercise of the powers contained in sub-section (4) of Section 44A of the Banking Regulation Act, 1949. The effective date of the amalgamation shall be December 01, 2026. All the Indian branches of Emirates NBD Bank P.J.S.C. will function as branches of RBL Bank Limited with effect from December 01, 2026. RBL Bank operates as a scheduled commercial bank. The bank offers its services under the various business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets.
- Tata Consultancy Services Ltd.TCSTCS expands partnership with Indian Bank
Tata Consultancy Services (TCS) has expanded its long-standing partnership with Indian Bank, to deploy TCS BaNCS for Treasury at Indian Bank's Colombo branch in Sri Lanka, making the entry of TCS BaNCS for Treasury in the country. Following the successful deployment of TCS BaNCS for Treasury across Indian Bank's operations in India and at GIFT City in Gujarat, the platform is now being extended to the Bank's Colombo branch, reinforcing a unified approach to treasury operations across geographies. With this expansion, Indian Bank marks a significant step in platform-led transformation with the company. As part of the collaboration, the company will help Indian Bank modernize its overseas treasury operations across money markets, investment management, and foreign exchange. The transformation will enable Indian Bank’s Colombo branch to move to a single, integrated treasury platform that supports unified deal processing, real-time position visibility, stronger risk and limit controls, and compliance-ready reporting. The Bank will be able to reduce manual intervention, improve straight-through processing, and strengthen audit and regulatory readiness through a single source of truth. Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses. TCS offers a consulting-led, cognitive powered, integrated portfolio of IT, business & technology services, and engineering.
- Punjab National BankPNBPunjab National Bank reports 15% growth in Q2 consolidated net profit
Punjab National Bank has reported results for the second quarter ended September 30, 2026 (Q2FY27). The bank has reported 12.82% rise in its net profit at Rs 5,532.23 crore for the quarter ended September 30, 2026 as compared to Rs 4,903.73 crore for the same quarter in the previous year. The total income of the bank has increased by 5.44% at Rs 38,185.41 crore for Q2FY27 as compared to Rs 36,213.62 crore for the corresponding quarter of the previous year. On consolidated basis, the bank has reported 15.08% rise in its net profit at Rs 5,898.37 crore for the quarter ended September 30, 2026 as compared to Rs 5,125.28 crore for the same quarter in the previous year. The total income of the bank increased by 5.74% at Rs 38,791.10 crore for Q2FY27 as compared to Rs 36,683.78 crore for the corresponding quarter previous year.
- Varroc Engineering Ltd.VARROCVarroc Engineering gets nod to invest in Forsee Power India
Varroc Engineering has received approval for the proposed investment in Forsee Power India (Forsee), comprising acquisition of equity shares through primary and secondary issuance for 45% equity stake, subscription to optionally convertible redeemable preference shares, comprising OCRPS I and OCRPS II and/or any other securities, if any. The total initial consideration for both equity and OCPRS will not exceed 4.5 million euro, and execution of Securities Subscription and Purchase Agreement (SSPA), Shareholders’ Agreement, and other transaction documents in connection therewith. The completion of the proposed transaction is subject to fulfilment and/or waiver, as applicable, of the conditions precedent and other terms and conditions set out in the SSPA. The proposed investment is in line with the company’s strategic objectives and is expected to provide long-term business and commercial benefits to the company, particularly in the electric mobility business. The Board of Directors of the company at its meeting held on October 16, 2026 has inter alia, considered and approved the same. Varroc Engineering is focused on designing, manufacturing and supplying exterior lighting systems, plastic and polymer components, and electrical and electronics components.
- Acutaas Chemicals Ltd.ACUTAASAcutaas Chemicals completes acquisition of 100% stake in Enchem Ami Organics
Acutaas Chemicals has completed the acquisition of 100% of the equity share capital of its step-down subsidiary -- Enchem Ami Organics through the transfer of 10,000 equity shares of face value of Rs 10 each from Acutaas Chemicals Electrolytes, a subsidiary of the company. Post this acquisition, Enchem Ami Organics has become a direct wholly-owned subsidiary of the company. Acutaas Chemicals (formally knowns as Ami Organics) is engaged in business of Custom synthesis and manufacturing of Speciality Chemicals having application in Pharmaceuticals API and others.
- Allied Blenders And Distillers Ltd.ABDLAllied Blenders commences commercial operations at Uttar Pradesh bottling facility
Allied Blenders and Distillers (ABD) has commenced commercial operations at its bottling facility in Moradabad, Uttar Pradesh. The unit, with an initial capacity of 6 million cases per annum, marks a major milestone in ABD’s integrated manufacturing programme to serve the state’s growing spirits demand. The facility forms part of the assets acquired in January 2026 for around Rs 70 crore and subsequently upgraded by ABD with an investment of around Rs 40 crore. The commissioning enhances the company’s bottling capacity in Uttar Pradesh and is expected to improve service efficiency while delivering cost benefits through increased in-house bottling and savings on franchise fees. Uttar Pradesh, one of India’s fastest-growing spirits markets, is central to ABD’s growth plans. The company has announced an investment of over Rs 600 crore in the state, including the acquisition and upgradation of the Moradabad unit and the development of an integrated facility comprising a dual-mode distillery and additional bottling capacity. Allied Blenders and Distillers is an Indian-made foreign liquor company. The company offers four Indian-made foreign liquor categories: whisky, brandy, rum, and vodka.
- Zen Technologies Ltd.ZENTECZen Technologies to buy 51.98% stake in Cogknit for Rs 135.15 crore
Zen Technologies has secured its Board’s approval to acquire 51.98% stake (fully diluted basis) in Cogknit Semantics (Cogknit) for Rs 135.15 crore, a Bengaluru-based defence technology company. The company’s investment comprises a subscription to Cogknit’s primary funding round and the acquisition of existing shares. Investor Ashish Kacholia and his associates will also invest in the primary round. On completion of the transaction, which is subject to customary closing conditions, Cogknit will become a subsidiary of the company, and its founding team will continue to lead the company. Cogknit won the iDEX challenge to build a Battlefield Management System (BMS) for Main Battle Tanks and is a recipient of the Raksha Mantri’s Award for Innovation (2022). Cogknit’s BMS digitally connects tanks, vehicles and soldiers, so that every commander works from one real-time picture of the battlefield. It has completed field trials with the Indian Army, and is designed and developed in India, adding to the country’s indigenous defence technology base and to the self-reliance of the Armed Forces. For the company, the acquisition is aligned with Samvid, its proposed AI platform for shared battlefield awareness. Cogknit’s BMS adds the command-and-control layer that connects tanks, vehicles and soldiers, and is intended to complement Samvid, as well as Zen’s training simulators, counter-drone systems, drones and autonomous platforms. Zen Technologies is a pioneer in the design, development and manufacture of world class, state-of-the-art training simulators.
- Mini Diamonds (India) Ltd.523373Mini Diamonds' arm to launch collection of gold, silver idols
Mini Diamonds’ wholly owned subsidiary - Namra Jewels is all set to launch new collection of gold and silver idols weighing around from 20 to 100 grams on the auspicious occasion of Dussehra. The launch will mark the company’s entry into the segment of precious metal idols, further expanding Namra Jewels’ product portfolio beyond its existing jewellery collections. Gold and silver have traditionally held an important place in Indian households, particularly during religious occasions and festive celebrations. With this introduction, Namra Jewels aims to cater to customers seeking precious metal products for personal worship, festive purchases and gifting. The collection will combine traditional significance with contemporary craftsmanship, offering customers thoughtfully designed products suited to both personal and gifting occasions. The introduction forms part of Namra Jewels’ broader strategy to diversify its offerings and address additional consumer segments. By expanding into traditional and occasion based products, the brand intends to strengthen its presence in the festive market while creating further opportunities for customer engagement and long-term retail growth. Mini Diamonds (India) is engaged in business of manufacturing, Trading & Exporting of Cut & Polished Diamonds / Studded Jewellery.
- Central Bank Of IndiaCENTRALBKCentral Bank of India’s Q2 consolidated net profit rises 21%
Central Bank of India has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The bank has reported a 21.11% rise in its net profit at Rs 1,468.86 crore for the quarter ended September 30, 2026, as compared to Rs 1,212.88 crore for the same quarter in the previous year. Total income increased by 14.93% to Rs 11,737.21 crore for Q2FY27 as compared to Rs 10,212.31 crore for the corresponding quarter of the previous year. On a consolidated basis, the bank has reported a 20.64% rise in its net profit at Rs 1,485.99 crore for Q2FY27, as compared to Rs 1,231.79 crore for the same quarter in the previous year. Total income increased by 14.91% to Rs 11,774.37 crore for Q2FY27 as compared to Rs 10,246.29 crore for the corresponding quarter of the previous year.
- TVS Srichakra Ltd.TVSSRICHAKTVS Srichakra to invest Rs 49.20 crore towards debottlenecking, line balancing
TVS Srichakra is planning to make additional capital expenditure of Rs 49.20 crore to undertake line balancing and debottlenecking initiatives including argumentation of curing capacity at its Madurai (Tamil Nadu) and Uttarakhand manufacturing facilities. The capital expenditure will be funded through a mix of debt and equity. The company has existing manufacturing capacity of around 340 to 350 lakhs tyres per annum, operating at 85% to 90% capacity utilisation rate. The capital expenditure is aimed at increasing the manufacturing capacity by around 6% to 7%. The additional capacity will be brought on stream in phases starting from January 2027. TVS Srichakra is one of India's leading two- and three -wheeler tyre manufacturer. The company is recognised as a large manufacturer of industrial pneumatic tyres, flotation, motor grader, farm & implement tyres, skid steer tyres, multipurpose tyres and vintage tyres.
- The India Cements Ltd.INDIACEMIndia Cements reports over 4-fold jump in Q2 consolidated net profit
The India Cements has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported over two-fold jump in its net profit at Rs 38.85 crore for the quarter ended September 30, 2026, as compared to Rs 14.93 crore for the same quarter in the previous year. Total income declined marginally by 0.05% to Rs 1,145.45 crore for Q2FY27 as compared to Rs 1,146.04 crore for the corresponding quarter of the previous year. On a consolidated basis, the company has reported an over four-fold jump in its net profit to Rs 38.82 crore for Q2FY27, as compared to Rs 8.81 crore for the same quarter in the previous year. Total income declined marginally by 0.03% to Rs 1,145.70 crore for Q2FY27 as compared to Rs 1,146.04 crore for the corresponding quarter of the previous year.
- Juniper Green Energy Ltd.JNPRJuniper Green Energy incorporates two wholly owned subsidiaries
Juniper Green Energy has incorporated two wholly owned subsidiaries namely ‘Juniper Green Field Fifteen’ and ‘Juniper Green Gem Fifteen’ on October 17, 2026. The entities have been incorporated to undertake activities relating to the development, establishment and operation of power generation projects in the field of renewable energy. Juniper Green Energy is an independent power producer (IPP) in India which develops, builds, operates and maintains utility scale renewable energy projects through its in-house engineering, procurement and construction and operations and maintenance teams, and generates revenue through the sale of electricity to various off-takers, including central and state government-backed entities.
- IDBI Bank Ltd.IDBIIDBI Bank’s consolidated net profit falls 31% in Q2
IDBI Bank has reported results for the second quarter ended September 30, 2026 (Q2FY27). The bank has reported 39.20% fall in its net profit at Rs 2,205.45 crore for the quarter ended September 30, 2026 as compared to Rs 3,627.36 crore for the same quarter in the previous year. However, total income of the bank has increased by 2.83% at Rs 9,865.12 crore for Q2FY27 as compared to Rs 9,593.64 crore for the corresponding quarter of the previous year. On consolidated basis, the bank has reported 31.43% fall in its net profit at Rs 2,214.45 crore for the quarter ended September 30, 2026 as compared to Rs 3,229.58 crore for the same quarter in the previous year. However, total income of the bank increased by 7.26% at Rs 9,936.38 crore for Q2FY27 as compared to Rs 9,263.53 crore for the corresponding quarter previous year.
- Vedanta Ltd.VEDLVedanta doubles zinc production capacity in South Africa with $600 million investment
Vedanta has doubled its annual zinc production capacity to 500,000 tonnes at its South Africa zinc operations. This is through an investment of nearly $600 million at Gamsberg (Phase II) at Vedanta Zinc International (VZI). Gamsberg, in South Africa’s Northern Cape province, has one of the world’s most significant zinc deposits and VZI’s flagship zinc mine. This expansion marks one of the largest mining investments in South Africa in this decade. The expansion further advances the company’s position as the world’s largest zinc producer, with a vision of achieving 3 million tonnes of annual production across India and South Africa. Of this, 2 million tonnes are targeted from its subsidiary, Hindustan Zinc, the world’s largest integrated zinc producer, while Vedanta Zinc International business aims to contribute 1 million tonnes annually. Zinc consumption is growing rapidly as it is essential to modern industrial and infrastructure development. Through galvanization it protects steel, the world’s most widely used metal, from corrosion, extending its service life and supporting applications across construction, automotive, manufacturing and other sectors. Together, Hindustan Zinc and Vedanta Zinc International strengthen the company’s position to serve this growing global demand for zinc. Vedanta is one of the world’s foremost natural resources conglomerates, with primary operations in zinc-lead-silver, iron ore, steel, copper, aluminium, power, nickel, and oil and gas.
- Yes Bank Ltd.YESBANKYES Bank’s Q2 consolidated net profit jumps 63%
YES Bank has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The bank has reported a 65.02% rise in its standalone net profit at Rs 1,080.00 crore for the quarter ended September 30, 2026, as compared to Rs 654.47 crore for the same quarter in the previous year. Total income increased by 16.60% to Rs 10,521.35 crore for Q2FY27 as compared to Rs 9,023.15 crore for the corresponding quarter of the previous year. On a consolidated basis, the bank has reported a 63.19% rise in its net profit at Rs 1,084.08 crore for Q2FY27, as compared to Rs 664.31 crore for the same quarter in the previous year. Total income increased by 16.34% to Rs 10,601.99 crore for Q2FY27 as compared to Rs 9,113.13 crore for the corresponding quarter of the previous year.
- GRE Renew Enertech Ltd.544682GRE Renew Enertech bags orders worth around Rs 18.67 crore
GRE Renew Enertech has secured orders worth around Rs 18.67 crore (inclusive of applicable GST) between October 1, 2026 and October 15, 2026. It has secured order worth around Rs 80.88 lakh for development of Grid Connected rooftop Solar Power Plant 300 KW (DC) /250 KW (AC). It has secured another order worth around Rs 62.93 lakh for development of Grid Connected rooftop Solar Power Plant 220 KW. Both the orders are to be executed within around 3 months. Additionally, the company has secured an order worth around Rs 17.23 crore for design, engineering, supply, installation, testing & commissioning of Grid Connected Ground Mounted Seasonal Tilt Solar Power Plant under Captive Scheme 5503.68 kWp (DC)/4000 kW(AC). The order is to be executed within around 6 months. GRE Renew Enertech is an emerging player in the field of Rooftop and ground mount solar solutions. The company is specialized in providing solar energy solutions to industrial and commercial customers.
- Oil India Ltd.OILOil India signs revenue sharing contract for special CBM block
Oil India has signed Revenue Sharing Contract (RSC) for Special Coal Bed Methane (CBM) Block SRONHP-(CBM)-2026/1 on October 15, 2026, marking a significant milestone in its strategic energy diversification journey. Spread across 272.14 sq. km in the Singrauli Coalfield region, the Special CBM Block SR-ONHP-(CBM)-2026/1 exhibits promising geological prospects, with expected coal seam depths of 600- 800 metres and an average seam thickness of around 40 metres. Oil India is engaged in exploration, development and production of crude oil, natural gas, LPG and condensate and providing services such as pipeline transportation and generation of renewable energy.
- Acme Solar Holdings Ltd.ACMESOLARACME Solar Holdings signs PPA with Solar Energy Corporation of India
ACME Solar Holdings, through its subsidiary ACME Greentech Twenty, has signed a Power Procurement Agreement (PPA) with Solar Energy Corporation of India (SECI) for 300 MW / 1,200 MWh assured peak supply under SECI’s FDRE-IX tranche at a tariff of Rs 6 per unit, with effective date of October 06, 2026. This FDRE project supports the growing need for reliable, dispatchable clean power during evening and night-time peak demand, helping strengthen the grid stability as renewable energy’s share of India’s power mix increases. Following this PPA, the under construction PPA signed contracted portfolio stands at 4,310 MW out of total under construction contracted capacity of 5,380 MW. Through this FDRE project, the company will supply 4 MWh per MW of contracted capacity for any four hours daily during the non-Solar hours, while maintaining a minimum availability of 90% on monthly basis. The project would integrate a combination of Solar and Battery Energy Storage System (BESS) technologies to meet the contracted obligations and would utilize the night-time connectivity already available with the company. ACME Solar Holdings is a renewable energy company in India with a portfolio of solar, wind, hybrid and firm and dispatchable renewable energy (FDRE) projects.
- Bajaj Finserv Ltd.BAJAJFINSVBajaj Finserv incorporates wholly owned subsidiary
Bajaj Finserv has incorporated a wholly owned subsidiary in the name and style of Bajaj Reinsurance effective October 17, 2026, to carry on the business of reinsurance, subject to necessary regulatory approvals. The Certificate of Incorporation was received by the Company from the Ministry of Corporate Affairs on October 17, 2026. Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.
- Alembic Pharmaceuticals Ltd.APLLTDAlembic Pharma gets USFDA’s final nod for Ciprofloxacin and Dexamethasone Otic Suspension
Alembic Pharmaceuticals has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Ciprofloxacin and Dexamethasone Otic Suspension USP, 0.3% / 0.1%. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Ciprodex Otic Suspension, 0.3% / 0.1%, of Sandoz Inc. Ciprofloxacin and Dexamethasone Otic suspension is indicated for the treatment of infections caused by susceptible isolates of the designated microorganisms in the specific conditions: Acute Otitis Media (AOM) in pediatric patients (age 6 months and older) with tympanostomy tubes, and Acute Otitis Externa (AOE) in pediatric (age 6 months and older), adult, and elderly patients. According to IQVIA, the estimated market size for Ciprofloxacin and Dexamethasone Otic Suspension USP, 0.3% / 0.1%, was $110 million for twelve months ending June 2026. The company has a cumulative total of 246 ANDA approvals (226 final approvals and 20 tentative approvals) from USFDA. Alembic Pharmaceuticals is involved in manufacturing and marketing of India Formulations, International Generics, and Active Pharmaceutical Ingredients with vertical integration capabilities.
- Sarda Energy & Minerals Ltd.SARDAENSarda Energy & Minerals’ arm gets nod to incorporate subsidiary in Dubai
Sarda Energy & Minerals’ Wholly Owned Subsidiary -- Sarda Metals & Alloys has received approval for setting up/incorporation of a Wholly Owned Subsidiary in Dubai, United Arab Emirates (UAE). The entity to be incorporated shall be a stepdown wholly owned subsidiary of the company. The new entity will expand company's business footprints in the Middle East region and leverage global market opportunities. The Board of Directors of Sarda Metals & Alloys in its meeting held on October 17, 2026, approved the same. Sarda Energy & Minerals is one of the lowest cost producers of steel (sponge iron, billets, ingots, TMT bars) and one of the largest manufacturers and exporters of ferro alloys in India.
Saturday, 17 October13 announcements
- Quality Power Electrical Equipments Ltd.QPOWERQuality Power Electrical’s arm starts manufacturing operations at new PCS facility in Turkiye
Quality Power Electrical Equipments’ subsidiary -- Endoks Energy Systems has commenced manufacturing operations at new Power Conversion Systems (PCS) facility in Nigde, Turkiye, on October 16, 2026. The facility is dedicated to the manufacturing of power electronic converters and inverters for utility scale Battery Energy Storage Systems (BESS) and other grid-connected applications. This development represents an important step in the Group's expansion into power electronics and energy storage technologies, complementing its established portfolio of high-voltage equipment and power quality solutions. The new facility strengthens the Group's manufacturing and system integration capabilities, supports the execution of its international BESS order book and enhances its ability to address the growing requirements for grid flexibility, renewable energy integration and energy storage infrastructure. The facility will progressively ramp up production in accordance with its operational plans and customer delivery schedules. Quality Power Electrical Equipments is engaged in manufacturing of power products and providing services in the areas of Power Generation, Power Transmission, Power Distribution and Power Automation.
- ICICI Bank Ltd.ICICIBANKICICI Bank’s Q2 consolidated net profit rises 22%
ICICI Bank has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The bank has reported a 20.10% rise in its net profit at Rs 14,843.03 crore for the quarter ended September 30, 2026, as compared to Rs 12,358.89 crore for the same quarter in the previous year. Total income increased by 15.86% to Rs 57,157.49 crore for Q2FY27 as compared to Rs 49,333.49 crore for the corresponding quarter of the previous year. On a consolidated basis, the bank has reported a 22.28% rise in its net profit at Rs 16,333.18 crore for Q2FY27, as compared to Rs 13,357.06 crore for the same quarter in the previous year. Total income increased by 15.78% to Rs 88,161.18 crore for Q2FY27 as compared to Rs 76,146.59 crore for the corresponding quarter of the previous year.
- Anuh Pharma Ltd.ANUHPHRAnuh Pharma inks pact to purchase manufacturing facility from Vanquest Pharma
Anuh Pharma has signed the Asset Transfer Agreement (ATA) to purchase manufacturing facility of M/s Vanquest Pharma (VPPL) located at Tarapur, Boisar, Palghar, Maharashtra, India. The said purchase of assets is expected to increase production of the company by 525 MTPA. Agreed value of assets purchase is Rs 72.90 crore (excluding applicable taxes, fees, etc.). The ATA is entered into by the company for the purchase of assets (i.e. land, building, plant & machineries, etc.) relating to manufacturing of API’s and Intermediates. The transaction is expected to strengthen the company's market presence in manufacturing quality API’s and Intermediates. Anuh Pharma, established in 1960, is one of the largest manufacturers of Macrolides and Anti-TB products in India.
- Railtel Corporation Of India Ltd.RAILTELRailTel bags orders from Railway Recruitment Board Secunderabad, Health Insurance Tpa of India
RailTel Corporation of India has received orders from Railway Recruitment Board Secunderabad and Health Insurance Tpa of India. The first order worth Rs 167.52 crore (excluding tax) from Railway Recruitment Board Secunderabad is for AM-RMS services covering Pre-Exam and Post-Exam stages of RRB recruitment through various CENs, and it is to be executed by October 15, 2031. Another order worth Rs 18.99 crore (including tax) from Health Insurance Tpa of India is for IT infrastructure & cybersecurity solution for three years, and it is to be executed by October 16, 2029. RailTel Corporation of India is an information and communications technology (ICT) infrastructure provider and is one of the largest neutral telecom infrastructure providers in India.
- Axis Bank Ltd.AXISBANKAxis Bank reports 38% rise in Q2 consolidated net profit
Axis Bank has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The bank has reported a 37.60% rise in its net profit at Rs 7,003.28 crore for the quarter ended September 30, 2026, as compared to Rs 5,089.64 crore for the same quarter in the previous year. Total income of the bank increased by 14.24% to Rs 42,949.32 crore for Q2FY27 as compared to Rs 37,594.81 crore for the corresponding quarter of the previous year. On a consolidated basis, the bank has reported a 37.65% rise in its net profit at Rs 7,649.70 crore for Q2FY27, as compared to Rs 5,557.51 crore for the same quarter in the previous year. Total income of bank increased by 14.85% to Rs 45,674.37 crore for Q2FY27 as compared to Rs 39,769.85 crore for the corresponding quarter of the previous year.
- Refex Industries Ltd.REFEXRefex Industries secures Rs 32.44 crore ash transportation contract
Refex Industries has received rate contract worth Rs 32.44 crore (including GST) from a Maharatna public sector undertaking under the Ministry of Power for transportation of ash. The rate contract includes ash excavation, loading, transportation and unloading from dykes. The rate contract shall be valid for a period of one year, extendable by a further period of six months. Refex Industries is in the business of Ash & Coal, handling business solar power - generation and related activities, sale of services and solar module trading.
- HDFC Bank Ltd.HDFCBANKHDFC Bank reports 6% rise in Q2 consolidated net profit
HDFC Bank has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The bank has reported a 4.66% rise in its net profit at Rs 19,509.96 crore for the quarter ended September 30, 2026, as compared to Rs 18,641.28 crore for the same quarter in the previous year. Total income increased by 6.83% to Rs 97,257.62 crore for Q2FY27 as compared to Rs 91,040.72 crore for the corresponding quarter of the previous year. On a consolidated basis, the bank has reported a 5.55% rise in its net profit at Rs 20,700.03 crore for Q2FY27, as compared to Rs 19,610.67 crore for the same quarter in the previous year. Total income increased by 9.11% to Rs 1,29,358.69 crore for Q2FY27 as compared to Rs 1,18,560.63 crore for the corresponding quarter of the previous year.
- Bajaj Housing Finance Ltd.BAJAJHFLBajaj Housing Finance reports 18% rise in Q2 net profit
Bajaj Housing Finance has reported results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported 17.73% rise in its net profit at Rs 756.97 crore for the quarter ended September 30, 2026 as compared to Rs 642.96 crore for the same quarter in the previous year. The total income of the company has increased by 18.30% at Rs 3,251.09 crore for Q2FY27 as compared to Rs 2,748.19 crore for the corresponding quarter of the previous year. Bajaj Housing Finance is a non-deposit taking Housing Finance Company registered with the National Housing Bank, offering tailored financial solutions for purchasing and renovating residential and commercial properties.
- GMR Airports Ltd.GMRAIRPORTGMR Airports reports marginal rise in passenger traffic in September
GMR Airports reported a marginal year-on-year (Y-o-Y) rise of 0.9% in passenger traffic (excluding Cebu) to 9,240,144 passengers in September 2026. Delhi Airport handled 5,993,880 passengers, marking a 2.7% Y-o-Y increase, while Hyderabad Airport recorded 2,083,802 passengers, reflecting a 12.7% Y-o-Y decline. Mopa (Goa) Airport registered 286,656 passengers, down 26.9% Y-o-Y during the month. Nagpur Airport handled 213,168 passengers, declining 1.2% Y-o-Y, while Bhogapuram Airport handled 177,828 passengers. Medan (Indonesia) Airport handled 4,84,810 passengers, down 10.6% Y-o-Y. For September 2026, aircraft movements (excluding Cebu) increased 2.3% Y-o-Y to 60,553. Of the total, Delhi Airport witnessed 37,339 aircraft movements, up 4.7% Y-o-Y, while Hyderabad saw 14,046 aircraft movements, down 16.0% Y-o-Y. Mopa (Goa) reported 2,109 aircraft movements, declining 25.7% Y-o-Y, while Nagpur Airport recorded 1,834 movements, up 6.1% Y-o-Y. Medan (Indonesia) recorded 3,722 aircraft movements, down 6.0% Y-o-Y. GMR Airports (formerly GMR Airports Infrastructure), a subsidiary of GEPL, is engaged in development, operation and maintenance of airports along with offering integrated security solutions.
- Jindal Saw Ltd.JINDALSAWJindal Saw reports 69% fall in Q2 consolidated net profit
Jindal Saw has reported its results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported a 10.85% decline in its net profit at Rs 70.69 crore for the quarter ended September 30, 2026, as compared to Rs 79.29 crore for the same quarter in the previous year. However, total income increased by 13.85% to Rs 3,881.36 crore for Q2FY27 as compared to Rs 3,409.05 crore for the corresponding quarter of the previous year. On a consolidated basis, the company has reported a 69.06% decline in its net profit at Rs 47.04 crore for Q2FY27, as compared to Rs 151.89 crore for the same quarter in the previous year. However, total income increased by 6.07% to Rs 4,523.06 crore for Q2FY27 as compared to Rs 4,264.04 crore for the corresponding quarter of the previous year.
- Ganesha Ecosphere Ltd.GANECOSGanesha Ecosphere’s arm gets FSSAI’s nod for 4th rPET production line in Telangana
Ganesha Ecosphere’s wholly owned subsidiary -- Ganesha Ecopet has obtained approval/ authorization from The Food Safety and Standards Authority of India (FSSAI), for its 4th production line of rPET situated at Kakatiya Mega Textile Park, Warangal, Telangana. With this approval, Ganesha Ecopet is authorized to manufacture food grade rPET (FCM- rPET) from the approved technology that is Starlinger recoSTAR PET. Authorization granted shall be valid and subsisting for a period of 2 years from the date of issue of authorization letter that is from October 15, 2026 to October 14, 2028. Ganesha Ecosphere is a leading PET Waste recycling company in India and is mainly engaged in the manufacturing of Recycled Polyester Staple Fibre (RPSF), Spun Yarn and Dyed Texturised Yarn.
- LTM Ltd.LTMLTM reports marginal fall in Q2 consolidated net profit
LTM has reported results for the second quarter ended September 30, 2026 (Q2FY27). The company has reported marginal fall of 2.46% in its net profit at Rs 1,351.90 crore for the quarter ended September 30, 2026 as compared to Rs 1,386.00 crore for the same quarter in the previous year. However, the total income of the company has increased by 10.89% at Rs 11,371.10 crore for Q2FY27 as compared to Rs 10,254.80 crore for the corresponding quarter of the previous year. On consolidated basis, the company has reported marginal fall of 0.23% in its net profit at Rs 1,397.90 crore for the quarter ended September 30, 2026 as compared to Rs 1,401.10 crore for the same quarter in the previous year. However, the total income of the company increased by 11.26% at Rs 11,899.10 crore for Q2FY27 as compared to Rs 10,694.70 crore for the corresponding quarter previous year.
- Onmobile Global Ltd.ONMOBILEOnMobile Global partners with Poorvika
OnMobile Global has entered into partnership with Poorvika, one of India's leading technology retail chains, to bring the ONMO+ Smart Console to Poorvika Appliances & Mobile stores. The partnership extends ONMO+ beyond e-commerce, following its launch on Flipkart. ONMO+ will be available across Poorvika Appliances & Mobile stores in Tamil Nadu, Karnataka, and Puducherry, where consumers can try it first-hand before taking it home. At Poorvika Appliances & Mobile stores, ONMO+ will sit alongside the Smart TVs, smartphones and laptops consumers already shop for. ONMO+ is a Smart Console that uses cloud technology to bring high-quality gaming to screens consumers already own, without the cost and complexity of a traditional gaming console or gaming PC. The move into Poorvika Appliances & Mobile stores also gives ONMO+ an important physical discovery and demonstration channel. It opens ONMO+ to consumers who would not typically buy a gaming console. The ONMO+ Smart Console will be available at Poorvika Appliances & Mobile stores and through poorvika.com soon. The partnership forms part of OnMobile's broader strategy to scale ONMO+ across ecommerce, physical retail and telecom operator channels, creating multiple ways for consumers to discover and access the platform. OnMobile Global is a global provider of gaming, entertainment and enterprise solutions, headquartered in Bengaluru, India, with operations across various countries.
Announcements and corporate actions as filed with the exchanges and received from our market-data provider; timings are as published and may lag the exchange. Reproduced as filed, without comment — nothing on this page is a recommendation to buy or sell, and it is not research. Always read the company’s own filing before acting. L. F. C. Securities Pvt. Ltd. · SEBI Stock Broker INZ000170736.
