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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.
L&T targets nuclear energy, expects 3x revenues in 5 years
"L&T has been associated with India's nuclear programme since its inception and has supported technology development, manufacturing and localisation," Anil V Parab, whole-time director and senior executive vice president, heavy engineering & manufacturing, told ET. "We will continue to support the government's push to scale nuclear capacity from about 8.8 GW currently to 100 GW by 2047."
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.
India’s nuclear push may create long-term opportunities for local engineering firms: PL Capital
Amit Anwani, Research Analyst at PL Capital says India’s localisation push in nuclear power will benefit domestic players like L&T and BHEL, though near-term Middle East risks and high valuations remain key concerns.
TCS inks MoU with ABB to strengthen strategic IT, AI, and engineering partnership
Tata Consultancy Services (TCS) has signed a memorandum of understanding (MoU) with ABB to strengthen collaboration across IT infrastructure, applications, digital and industrial AI initiatives, data centres, and other emerging technologies.
Akasa Air's Phuket-Bengaluru flight suffered lightning strike on Wed; plane landed safely in Chennai
An Akasa Air flight from Phuket to Bengaluru was diverted to Chennai on Wednesday due to bad weather. The Boeing 737 MAX aircraft experienced a lightning strike during the flight. Pilots followed safety protocols, and the plane landed safely in Chennai. The aircraft is now undergoing engineering checks. Akasa Air confirmed lightning strikes are manageable in aviation.
TCS partners with ABB to advance industrial AI and digital transformation
TCS signed an MoU with ABB to expand collaboration in IT infrastructure, AI, and engineering, aiming to drive innovation and operational efficiency in industrial AI and data centres. Shares of Tata Consultancy Services hit a 52-week low of ₹2,350.20 today (March 19), ending 3.20% lower at ₹2,362.80 ahead of the announcement. The stock has fallen nearly 27% YTD and over 32% over the last 12 months.
Ashish Kacholia sells Cosmic CRF stake, exits BEW Engineering
Shares of Cosmic CRF Ltd ended at ₹693.45, up by ₹63.00, or 9.99%, on the BSE and shares of BEW Engineering Ltd ended at ₹83.50, down by ₹0.40, or 0.48%, on the NSE.
Data centre boom brightens engineering job prospects—100,000 new jobs likely
As AI, data localization and tax sops spur investment in India’s data centre industry, the sector is seen generating over 100,000 new engineering jobs in the coming years, offering a potential cushion against slowing hiring across the IT services sector.
Smallcap World Increases Stake in Shaily Engineering | JK Lakshmi Cement Announces Project & Acquisition | Top Buzzing Stocks Today - Equitymaster
Smallcap World Increases Stake in Shaily Engineering | JK Lakshmi Cement Announces Project & Acquisition | Top Buzzing Stocks TodayEquitymaster
Salasar Techno flags operational impact due to LPG supply disruption linked to West Asia conflict
Shares of Salasar Techno Engineering Ltd ended at ₹7.06, down by ₹0.16, or 2.22%, on the BSE.
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