RailTel Corporation of India Ltd has secured a major telecom and digital connectivity contract worth ₹145.47 crore from Eastern Coalfields Ltd, further strengthening its position as a preferred technology partner for large public sector enterprises. The company received the Letter of Acceptance (LoA) on April 27, 2026, according to a regulatory disclosure made under SEBI norms. The contract will involve delivery of advanced telecom network services and managed bandwidth solutions across ECL’s operational network. The execution timeline extends over five years, with the project scheduled for completion by May 2, 2031.

Samvardhana Motherson International Ltd (SAMIL) has announced the acquisition of a 51% equity stake in Nissin Advanced Coating Indo Co. Pvt Ltd (Nissin India) from Nissin Electric Co. Ltd, Japan. This acquisition, valued at ₹9.23 crore, will result in SAMIL holding 100% of Nissin India’s equity share capital through SAMIL and its wholly owned subsidiary, Samvardhana Motherson Innovative Solutions Ltd, in the ratio of 51% and 49%, respectively. Nissin India is engaged in thin film coating services and providing fine coating Physical Vapor Deposition (PVD) systems.

Mahindra & Mahindra has completed the execution of a share purchase agreement for the acquisition of an additional 28.03 per cent stake in Carnot Technologies from its promoters. Post the acquisition, the company’s holding in Carnot will increase to 80.72% of the paid-up equity share capital and collectively 89 per cent in terms of voting rights. The deal will help M&M realise the long-term potential of precision farming and telematics technology. Carnot would continue to be a subsidiary of the company.

Tata Consultancy Services has signed two Memorandums of Understanding (MoUs) with Siemens Energy AG and Siemens Energy India Ltd, strengthening the strategic collaboration between these companies across IT services, digital and industrial AI initiatives, data centres, and other emerging technologies. Through the partnership, TCS and Siemens Energy AG will drive innovation, operational resilience, and sustainable growth in energy technology.

Vipul Organics, a leading specialty chemicals player in pigments and dyes, has announced that its unit, AdiMem Technologies, has commenced commercial sales of membranes, achieving a pivotal milestone just months after showcasing at IFAT India 2025. Transitioning from pilot to full-scale, the company will launch Reverse Osmosis (RO) and Ultrafiltration (UF) membrane manufacturing at its Sayakha, Gujarat facility, leveraging proprietary Reverse Phase Transition technology for indigenously produced, high-performance membranes. AdiMem Technologies is India’s first fully indigenous manufacturer of membranes.

The board of Jindal Saw has received approval to set up an additional plant in the Kingdom of Saudi Arabia (KSA) for an LSAW facility to address the increased demand for pipes through its joint venture Jindal Saw & Buhur Altavision Co. The board had approved the investment proposal with respect to incorporating a new company in KSA to set up a Helically Spiral Welded (HSAW) pipe project.

Izmo Microsystems, a wholly owned subsidiary of Izmo Ltd, is proud to announce its participation as the official Photonic IC Packaging Partner in a landmark project led by the Centre for Programmable Photonic Integrated Circuits and Systems (CPPICS) at IIT Madras.

SK Minerals & Additives Ltd’s consolidated order book (orders in hand) stands at approximately ₹63.10 crore in the current position, reflecting strong market confidence and execution capabilities.

Huwel Lifesciences and Avio Smart Market Stack Ltd (ASMS) have initiated a strategic international expansion by onboarding a Singapore-based regional commercialisation partner to drive market access and business growth across Southeast Asia. The collaboration aims to build a scalable export platform across key markets including Singapore, Indonesia, Malaysia, Thailand, Vietnam, and the Philippines — regions witnessing rising healthcare investments, growing diagnostic awareness, and rapid expansion of laboratory infrastructure.

Marine Electricals (India) has received orders amounting to a total of ₹70.86 crore (excluding taxes). The company has received an order from Princeton Digital Group (India) Management for the supply of a power distribution system. The delivery of the said goods shall be made over a period of 7-9 months. The company has also bagged an order from C Torq Marine Services L.L.C for the supply of panels. The delivery of the said goods shall be made over a period of 21 months.

Published on April 28, 2026