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Nuvama’s PE arm raises focus on manufacturing, invests ₹200 cr in Chennai-based Val-Met Engineering
Nuvama Private Equity has acquired a minority stake in Val-Met Engineering for ₹200 crore to capitalize on the aerospace and defence manufacturing boom. The investment aims to scale the specialized material supplier into a global player through tech upgrades and international acquisitions.
Enviro Infra wins two EPC contracts worth ₹972 crore for sewage projects
Enviro Infra Engineering wins two EPC contracts worth ₹972 crore to build sewage treatment plants and sewer networks under Swachh Bharat Mission Urban 2.0. Shares of Enviro Infra Engineering ended higher on Friday, April 10, by 1.25% at ₹173.15 on the NSE.
RITES' order from NALCO revised upward to ₹118.89 crore
The letter of award amendment relates to detailed engineering and PMC services for the construction of a railway siding at Sankerjang in phase-I of the Utkal-D coal mines project. Shares of RITES Limited closed at ₹200.75 on April 8, gaining ₹9.01 or 4.70%.
Road ministry raises construction timelines for NH projects to up to six years
These normative construction periods will be applicable for all national highway projects to be bid out either on engineering, procurement, construction (EPC) mode, hybrid annuity model (HAM) or build-operate-transfer (BOT) mode on or after May 6, 2026, the ministry of road transport and highways said in a circular issued on Monday.
Larsen & Toubro gains 3%; stock up 13% from March low
The stock price of engineering and construction (E&C) major was trading higher for the third straight day, gaining 6 per cent during the period.
Bulk, block deals on March 12: Kaynes Technology, Shaily Engineering, Enviro Infra Engineers, others record large deals; details - Upstox
Bulk, block deals on March 12: Kaynes Technology, Shaily Engineering, Enviro Infra Engineers, others record large deals; detailsUpstox
Shakti Pumps, NCC & KEC International soar up to 16% as govt clears Rs 8.7 lakh crore Jal Jeevan Mission extension
Shares of Shakti Pumps, NCC, and KEC International rallied as much as 16% after the Union Cabinet approved the Jal Jeevan Mission's extension until 2028. The program has a Rs 8.69 lakh crore outlay. This decision is expected to benefit several engineering, procurement, and construction companies. Pump manufacturers and pipe makers will also see support. A new digital framework, Sujalam Bharat, will be introduced.
AI, consumption trends put Vishal Mega Mart, MTAR Tech and IT stocks in focus: Siddhartha Khemka
Siddhartha Khemka of Motilal Oswal Financial Services highlights three parallel themes shaping markets: recovery in consumption-led retail, rising demand linked to AI infrastructure buildout, and structural changes within IT services driven by artificial intelligence adoption. While volatility may persist in the near term, sector-specific opportunities continue to emerge across retail, engineering and technology companies.
Stocks to Watch for February 26: IRFC, Tata Capital, Lupin, KFin Tech and more
Tata Capital Ltd, IRFC, Lupin, KFin Technologies, Emmvee Photovoltaic Power, and Shaily Engineering Plastics announce key financial and operational updates. Here are few stocks to track ahead of Thursday's trading session.
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.
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.
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.