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RailTel Corp bags order worth Rs 163-cr from Ircon International

The order involves the implementation of integrated tunnel communication, along with railway general telecommunication arrangements, for the Sivok-Rangpo New BG Rail Line project under the Northeast Frontier Railway (NF Railway). The order is valued at Rs 1,62,58,96,785 and is expected to be completed by 28 March 2026. RailTel Corporation of India, a 'Navratna' central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country, owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country. IRCON International is a Navratna, public-sector enterprise and a leading turnkey construction company in the public sector. Its core competence lies in railways and highways. IRCON has widespread operations in several states in India and other countries (Malaysia, Nepal, Bangladesh, South Africa, Algeria, Myanmar, and Sri Lanka). Shares of RailTel Corporation declined 1.70% to end at Rs 302.70, while shares of Ircon International fell 2.16% to end at Rs 156.30 on Friday, 28 March 2025. The stock exchanges will remain closed on Monday, 31 March 2025, on the occasion of Eid.Powered by Capital Market - Live

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Niraj Cement's JV bags contract worth Rs 115 crore from NHAI

The official announcement was made after market hours on 28 March 2025. The order involves the construction of 5 Nos. of VUPs at Km 434+150, Km 452+150, Km 456+000, Km 462+670, and Km 466+270, along with 1 No. flyover at Km 442+610, including approach roads, in the Puintola to Icchapuram section of NH-16 in the state of Odisha. The project will be executed on an engineering, procurement, and construction (EPC) basis. The total value of the order is Rs 115.01 crore, and the project is scheduled for completion within 12 months. 	 Niraj Cement Structurals is engaged in infrastructural services. The company's consolidated net profit surged 65.6% to Rs 2.17 crore, despite a 5.4% decline in revenue from operations to Rs 119.77 crore in Q3 FY25 compared to Q3 FY24. Shares of Niraj Cement Structurals shed 0.59% to Rs 54.15 on Friday, 28 March 2025. As of 29 March 2025, the company's market capitalization stood at Rs 234.14 crore on the BSE. The stock exchanges will be shut on Monday, 31 March 2025, on the occasion of Eid. Powered by Capital Market - Live

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Advait Energy Transitions secures contract from Adani Green Energy for solar project

The project involves civil, electrical, and structural work for a 100 MWac solar installation and is expected to be completed in approximately 3.5 months. Advait Energy Transitions (formerly known as Advait Infratech) is engaged in the manufacturing and supply of power transmission products such as stringing tools, OPGW and OFC cables, ACS, ERS, and OPGW joint boxes, which are the products and solutions tailored for power transmission, substation, and telec. The company's consolidated net profit advanced 27.2% to Rs 9.78 crore on a 35.4% jump in net sales to Rs 98.45 crore in Q3 FY25 over Q3 FY24. The scrip fell 4.81% to end at Rs 1,075.55 on Friday, 28 March 2025.Powered by Capital Market - Live

Bondada Engineering completes acquisition of Speck Systems

Bondada Engineering has completed the process of acquisition of M/s. Speck Systems, from NCLT liquidation process. Further, the sale Certificate and the possession of the property has been received from the Liquidator and the process for all other formalities have been initiated. Speck Systems, a Hyderabad-based company, is a manufacturer and developer of geospatial technologies, specializing in products and solutions for situational awareness and decisionmaking, particularly in defense and paramilitary applications. Powered by Capital Market - Live

Advait Energy Transitions wins solar EPC project from Adani Green Energy

Advait Energy Transitions has received an order for 'Execution of Turnkey solutions for Solar EPC including activities like Civil works for Pile foundation, installation of Stub, Electrical works, Erection of Module Mounting Structure, Modules & robotic cleaning system structure, Civil works for IDT Station (Fixed tilt system) for 100 MWac' at the Khavda Hybrid Renewable Power Project, Khavda, Kutch, Gujarat from Adani Green Energy Six Limited on 28 March 2025. Powered by Capital Market - Live

Power Mech Projects wins order worth Rs 972.13 cr from NHAI

Power Mech Projects has secured a ₹972.135 crores (excluding GST) order from National Highways Authority of India for Construction of 4 laning Bypass to NH-114A Connecting NH-333 and NH-133 (Deoghar Bypass) from design km 0.000 to design Km 49.000 (Total Length - 49.000 km) in the state of Jharkhand on Hybrid Annuity mode.Powered by Capital Market - Live

Power Mech Projects  secures order of Rs 425 cr

Power Mech Projects has secured a Rs 425 crore (inclusive of applicable Taxes (except GST and BOCW Cess)) order from Mirzapur Thermal Energy (UP) (a wholly owned subsidiary of Adani Power ), Mirzapur, Uttar Pradesh, for Execution of Civil works and Erection of Prefabricated Structural Steel for BTG unit 1 8- 2, Main powerhouse, Central control building, ESP, FGD and limestone handling system, Switch yard etc. including miscellaneous ancillary works and Raw water Reservoir (RWR) for Mirzapur (2 x 800 MW), Mirzapur Thermal Energy (UP), Mirzapur, Uttar Pradesh.Powered by Capital Market - Live

HBL Engineering consortium receives LoA for orders worth Rs 499.68 cr

HBL Engineering announced that the company in consortium of Shivakriti International has received letter of acceptance for orders aggregating Rs 499.68 crore. These include: - Letter of acceptance for provision of KAVACH systems (version 4.0) in Viramgam ' Rajkot ' Okha Section of Rajkot Division of Western Railway (order valued at Rs 244.68 crore) - Letter of acceptance for provision of KAVACH systems (version 4.0) on Dholpur ' Bina Section of Jhansi Division of North central Railway (order valued at Rs 255 crore) Powered by Capital Market - Live

Ircon International JV bags RVNL project of Rs 872.69 cr

Ircon International (IRCON) through its Joint Venture with M/s SSNR Projects {i.e. IRCON- 70% and SSNR-30% (IRCON-SSNR JV)} has been awarded the Letter of Award (LOA) for the project floated by Rail Vikas Nigam. The project entails Construction of Tunnel T1 from Chainage Km 33+160 To Km 34+400 And Tunnel 2 From Chainage Km 57+400 To Km 66+040 With Ballast Less Track And Works Related to Formation On Approaches of Such Tunnels In Connection With Construction of Electrified New BG Railway Line Between Mangliyagaon (Indore) to Budni Stations (198 Kms) of Ratlam Division And Bhopal Division Of Western Railway And West Central Railway Respectively In Madhya Pradesh State. The value of the project is Rs 872.69 crore (Ircon share - Rs 610.88 crore). Powered by Capital Market - Live

Hindustan Aeronautics bags orders of Rs 62,700 cr from Ministry of Defence

Hindustan Aeronautics announced that the Ministry of Defence signed two contracts with the Company today for supply of 156 Light Combat Helicopters (LCH), Prachand to Indian Army (90 Nos) and Indian Air Force (66 Nos) along with training and other associated equipment worth around Rs. 62,700 crore excluding taxes. Powered by Capital Market - Live

Apollo Pipes grants 51,900 stock options under ESOS

Apollo Pipes has granted 51,900 stock options under ESOS on 29 March 2025. Powered by Capital Market - Live

IRCON International secures Rs 873-cr railway project

The project involves the construction of Tunnel T1 (from Km 33+160 to Km 34+400) and Tunnel T2 (from Km 57+400 to Km 66+040), along with a ballast-less track and related formation works. This is part of the electrified new broad-gauge railway line between Mangliyagaon (Indore) and Budni stations, spanning 198 km across the Ratlam and Bhopal divisions of Western and West Central Railways in Madhya Pradesh. IRCON holds a 70% share in the joint venture, amounting to Rs 610.88 crore, while SSNR Projects holds the remaining 30%. The project, valued at Rs 872.69 crore, is to be executed over a period of 40 months, with an additional six-month defect liability period. IRCON International is a Navratna, public-sector enterprise and a leading turnkey construction company in the public sector. Its core competence lies in railways and highways. IRCON has widespread operations in several states in India and other countries (Malaysia, Nepal, Bangladesh, South Africa, Algeria, Myanmar, and Sri Lanka). IRCON International's consolidated net profit dropped 64.81% to Rs 86.10 crore while revenue from operations declined 10.81% to Rs 2,612.86 crore in Q3 December 2024 over Q3 December 2023. The scrip declined 2.16% to end at Rs 156.30 on Friday, 28 March 2025.Powered by Capital Market - Live

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