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Shaily Engineering bags ₹423 crore pen injector supply deal
Shaily Engineering Plastics secured a ₹423 crore pen injector supply deal. Shares of Shaily Engineering Plastics ended marginally lower on Wednesday, February 25, by 0.21% at ₹1,941.50 on the NSE.
Omnitech Engineering's ₹583-crore IPO opens today: Should you subscribe?
Omnitech Engineering is a precision engineering company engaged in manufacturing high-precision, safety-critical components and assemblies for global OEMs across the energy, motion control and automation, and industrial equipment systems sectors. It competes with listed peers such as Azad Engineering, Unimech Aerospace and Manufacturing, PTC Industries, MTAR Technologies, and Dynamatic Technologies.
HG Infra Engg lowest bidder for ₹1,582-cr NHAI ring road project in Odisha
The project involves a stretch of 40.33 km in Odisha and has to be completed in 910 days. Shares of HG Infra Engineering Ltd ended at ₹569.90, down by ₹10.95, or 1.89%, on the BSE today, February 24.
ASM Tech inks pact to acquire 20% stake in Myelin Foundry
ASM Technologies announced that it has signed a definitive agreement to acquire 20% stake in Myelin Foundry, with the aim to deploy patented, high-performance AI solutions across advanced engineering design-led manufacturing portfolio.
Texmaco, Rail Vikas Nigam ink JV pact to boost manufacturing
Texmaco Rail and Engineering Limited and Rail Vikas Nigam Limited have joined forces. This partnership aims to enhance India's rail manufacturing capabilities. The joint venture will focus on advanced rolling stock and infrastructure projects. It will also pursue opportunities in Asia, Africa, and the Middle East.
Texmaco Rail & Engineering forms strategic JV with RVNL
Texmaco Rail & Engineering said that it has signed a strategic joint venture agreement with Rail Vikas Nigam (RVNL) in New Delhi.
Omnitech Engineering IPO opens Feb 25: Check price band, size, dates, GMP
Omnitech Engineering aims to raise ₹583 crore through a combination of fresh issue of 18.4 million shares and an OFS of 7.3 million shares
Omnitech Engineering IPO: Price band set at ₹216-227 per share; check key dates, issue details, more
Omnitech Engineering IPO price band is set at ₹216-227 per share, with subscription open from February 25-27. The allocation to anchor investors is on February 24. The IPO reserves 50% for QIBs, 15% for NIIs, and 35% for retail investors.
Omnitech Engineering fixes price band for its ₹583 crore IPO
Retail investors can bid for a minimum of 66 shares for 14,982 and in multiples thereafter. As much as 35% or 89.72 lakh shares of the offer worth ₹203.68 crore are reserved for retail investors.
Indian IT stocks nearing 2008 crash-era valuations: Wedbush’s Moshe Katri
Moshe Katri, MD-FinTech & Tech-Enabled Services Investment Banking at Wedbush Securities, expects a “tidal wave” of AI investments over the next 12–18 months as projects mature, with Tier-1 IT companies and digital engineering firms emerging as key beneficiaries.
TCS shares rise 2% after Tata Group and OpenAI announce strategic partnership
Tata Consultancy Services (TCS) shares surged after announcing a strategic partnership with OpenAI to build AI infrastructure in India and offer joint market solutions. This collaboration aims to boost productivity, enhance software engineering, and position India as a global AI hub by developing AI-ready, green-energy-powered data centers.
Dilip Buildcon shares gain 6% after it wins ₹668 crore Gujarat flood control project
The project involves construction of the flood protection embankment on river Narmada in Bharuch district on an engineering, procurement and construction (EPC) basis.