Order Wins
Major contract awards and order-book updates.
Admach Systems nabs ₹94 lakh NDT order, total order book at ₹82 cr
The domestic order for non-destructive testing equipment comes with 30% advance; order book exceeds annual revenue.
Siyaram Recycling lands ₹98.41 lakh brass scrap order from Micronova
The seven-day-execution domestic order is the latest in a string of small-ticket wins for the nano-cap brass recycler, adding near-term revenue visibility.
GK Energy converts ₹235.92 cr solar pump empanelment into firm order
MSEDCL confirms a ₹235.92 crore order for 10,000 off-grid solar pumps, converting a previously announced letter of empanelment. The order is ~13% of FY26 standalone revenue.
Faalcon lands ₹101.93 cr order, 3.4 times annual revenue
The nano-cap engineering firm wins a binding contract for aluminium glazing work on a Noida commercial tower, executed over three years. The order dwarfs its entire revenue base.
Enviro Infra lands ₹126.78 cr Varanasi STP order under Namami Gange
The new project at DDU Nagar adds about 11% to revenue and comes with in-principle financing. A second, larger Lohta plant was already disclosed.
Granules India locks in sole FTF for generic LUMRYZ
The company's second sole first-to-file ANDA positions it for 180-day exclusivity in the U.S. narcolepsy market and strengthens its complex generics franchise.
Oberoi Realty lands ₹8,109 cr in bookings on first Gurugram project
The Mumbai developer's maiden NCR launch, Three Sixty North, sold 13.52 lakh sq ft within days, exceeding expectations and equating to 11% of its market cap.
Diamond Power lands ₹435.71 cr cable order for 310 MW Hyderabad data centre
One of the largest single cable supply orders in India's data centre segment, covering 2,135 km of cable for EPC majors L&T, Sterling & Wilson, and Blue Star.
GK Energy secures ₹235.92 cr solar pump empanelment, but no order yet
Maharashtra's MSEDCL picks GK Energy as an eligible supplier for 10,000 off-grid solar pumps. The empanelment is contingent on work orders.
Jyoti lands ₹9.52 cr pump order from Megha Engineering
The order is worth 6.9% of market cap and provides near-term revenue visibility, though the company's fundamentals remain weak with negative net worth and declining sales.
Nis Management lands ₹11.9 cr WBSEDCL security contract
The two-year deal from a state utility is worth 12% of market cap and adds revenue visibility for the nano-cap facility manager.
Ameenji Rubber lands ₹3.44 cr railway order; routine win for nano-cap
The seven-month contract adds to the order book but equals only 2.3% of market cap, unlikely to move the needle.
Oswal Pumps lands ₹235.92 cr solar order from MSEDCL
Repeat order for 10,000 off-grid solar pumps under PM Kusum B; order book swells as second major win in a month.
Shakti Pumps empanelled for ₹354 cr solar pump order from MSEDCL
The empanelment covers 15,000 off-grid solar pumps under the Magel Tyala scheme, but it's not a firm contract. Worth ~13% of FY26 revenue.
Innovision scrubs ₹8 cr order, reveals it's actually ₹197.5 cr NHAI deal
A clerical error had understated the Ghamroj toll contract by 24x. The corrected figure is worth about 20% of annual revenue.
Enviro Infra bags ₹130 cr sewage plant order in Varanasi
The 60 MLD Namami Gange project adds a 15-year annuity stream and boosts the order book by ~11% of FY26 revenue. But the company recently cut margin guidance and flagged a 166-day cash cycle.
TCC's Pepcart inks first B2B deal with Shiprocket
Pepcart integrates its big-box logistics into Shiprocket's network, reaching thousands of merchants. No revenue guidance was provided.
RRP Defense wins ₹64.31 cr BEL order for indigenous day scopes
Order for 16,035 VARDHANA X6 units, first under 100% Indigenous Mandate with exclusive Israeli tech transfer. Distinct from prior ₹29.83 cr BEL order; execution through Dec 2027.
DCX Systems lands ₹47.58 cr in fresh orders, tracking with larger win
Purchase orders for cable and wire assemblies and PCB assemblies reinforce order momentum after a ₹432 cr export order last week. New business equals 6.4% of annual revenue.
Marsons lands ₹17.93 cr domestic transformer order from S.T. Electricals
The six-month contract for 10 MVA power transformers adds ~7.3% to FY26 revenue and follows a string of recent wins including a ₹33 cr NTPC order and an export deal.
Quality Power bags ₹40.9 cr order from Japan
Via step-down subsidiary Endoks; execution by Dec 2027. At just ~4% of FY26 revenue, the win adds incremental visibility but lacks the heft to move estimates.
Indian Hume Pipe lands ₹738.61 cr Rajasthan water order, third big win
The contract is worth 42% of market cap and 56% of FY26 revenue. Together with two recent orders, the company has bagged over ₹1,650 cr in a matter of weeks.
Krystal lands ₹27.64 cr Andhra hostel cleaning deal
The two-year contract adds multi-year revenue visibility and covers 563 hostels across 13 districts. It follows a similar ₹24.38 cr order in June, showing consistent wins in government facility management.
Bluspring's STEAG unit lands second ₹1,437 cr Vedanta O&M contract in a month
Follows a ₹1,219.85 crore deal for another plant. The two orders together exceed the company's market capitalisation.
HCLTech lands $1.14B AI deal with Fortune 50 firm
The net new contract runs from 2026 to 2031, but at roughly 1.4% of annual revenue, it won't materially move the needle for the $14.7B IT services giant.
Texmaco bags ₹26.5 cr signalling order, a routine add
The South Central Railway contract is less than 0.6% of annual revenue. Infra order book stands at ₹1,159 cr.
3i Infotech renews SBI General data warehousing deal for ₹5.18 cr
The one-year renewal cum amendment covers project management, data modelling, and BI support, with an option to extend. It is the third notable order in as many months, though smaller than the HPCL and UAE wins.
Chiraharit lands ₹4.50 cr order for solar plant — worth 9.8% of its market cap
A supply-and-installation contract for pipes and fittings at a solar cell and module facility in Tamil Nadu. The order size is outsized for the nano-cap, but execution and payment risks remain.
GRE Renew grabs ₹17.75 cr solar EPC order, 15% of FY26 revenue
Turnkey project from Standard Solar adds 5.24 MW DC capacity and boosts nano-cap's order book by nearly a sixth of last year's top line.
SBC Exports wins ₹32 cr extension on BHU manpower contract
Six-month extension at same terms follows satisfactory performance. ₹32 crore order represents ~7.7% of annualised revenue for the micro-cap.
Artefact Projects lands ₹3.15 cr NHAI supervision deal
The 36-month contract for an 85-km stretch in Tamil Nadu is worth about 7.9% of the company's ₹40 cr market cap. It provides revenue visibility for a nano-cap that saw profits drop 30% in FY26.
AAA Technologies lands NICSI audit empanelment, opens government pipeline
The nano-cap's ICT audit mandate covers up to 100,000 government assets and runs through 2029, but no minimum order is guaranteed.
Siyaram Recycling wins ₹97.70 lakh brass scrap order from Metal Scrap India
The nano-cap adds another small domestic contract, continuing a string of June wins. Delivery due in seven days.
United Drilling gets repeat ₹3.89 cr order from Vedanta
A repeat order from Vedanta worth ₹3.89 crore, representing 2.1% of annual revenue, strengthens visibility for the nano-cap engineering firm.
Meera Industries lands ₹7.95 cr order, 22% of last revenue
The order from DNB Textiles for high-speed twisting machinery is scheduled for delivery by Q2 FY27. For a nano-cap with ₹94 cr market cap, this could reshape earnings.
GK Energy lands ₹48 cr rooftop solar order, but it's a drop in a ₹3,000 cr bucket
The 90-day contract for 10 MW across 1,150 sites adds to the rooftop portfolio but is only ~2.66% of FY26 revenue. With an order book of ₹710 cr and FY27 guidance of ~₹3,000 cr, the market won't revise estimates on this alone.
Texmaco lands ₹98 cr new wagon order, JSW contract firmed up
Texmaco receives a fresh ₹97.88 cr order from Sushila Transport while the earlier ₹253 cr JSW LOI becomes a binding contract. Private-sector demand remains intact.
NLC India bags 600 MW solar order in Uttar Pradesh
Subsidiary wins concrete LoA at Jalaun Solar Park from NHPC-UPNEDA JV; adds ~7% to group capacity, pushing green pivot.
Exato lands $479k export order for software licenses
The nano-cap's latest win is modest at ~₹4 cr and the buyer is undisclosed, but it marks continued international traction for its customer experience technology.
Coal India's ₹2,831 cr solar win – a 2% revenue blip
Coal India's first major solar project at Jalaun Solar Park will supply power at ₹2.73/unit. For a company of this size, it's a rounding error.
Dev IT bags ₹2.79 cr order from GIFTCL for digital twin portal
The two-and-a-half-year fixed-cost contract covers a multilingual web portal and interactive digital twin for India's first IFSC. At 1.44% of FY26 revenue, it's a modest win for the nano-cap IT firm.
Solarium's order book hits ₹852 cr, more than double its market cap
The nano-cap solar EPC player's order book surged from ~₹300 cr to ₹852.28 cr in months, with ground-mounted utility projects leading the shift.
Sai Parenterals locks in ₹1,300-cr Australian OTC deal, 3.4x annual revenue
The 7.5-year exclusive supply contract validates the Noumed acquisition and provides transformational scale for the ₹2,586-cr market-cap company.
Sharp India lands ₹7.93 cr machinery order from Energygov Manpower
The nano-cap company secures a contract worth ~2.6% of its market cap, to be delivered in one month. Payment is on e-way bill, no related-party involvement.
NACDAC wins ₹6.22 cr Northern Railway contract
The order for Roorkee station upgrades is material for the nano-cap at roughly 10% of FY26 revenue and 25% of its market cap.
Evans Electric bags ₹1.60 cr Tata Power order for hydro stator repair
The 45-day contract adds to a recent ₹5.83 cr win, strengthening the order book for the nano-cap's niche hydro repair business.
SG Finserve's loan book jumps 82% YoY to ₹4,551 cr in Q1
Provisional loan book up 16% QoQ, well above 25-30% CAGR guidance. Final results pending audit.
Siyaram Recycling lands ₹81.66 lakh Supreme Industries order
The fixed-price supply contract must be executed within seven days. It follows a ₹5.99 crore order last month, deepening ties between the nano-cap and the large plastics maker.
WABAG lands $30-75m Vienna drinking water plant
The Indian water-tech firm will design and equip a 1,000-L/s treatment facility for the City of Vienna, with completion by 2030. The order is its second in the $30-75m range this year, after Ajman.
RITES lands ₹175 cr PMC order from Ambedkar University
The cost-plus contract spans 30 months and is worth over 7% of FY26 revenue, adding low-risk visibility to the order book.
Exato lands ₹10 cr in June orders; routine but adds pipeline
Domestic order of ₹6.66 cr and international deal of USD 0.39M. Execution spans 3-5 years. Follows ₹24.58 cr iQor win in May.
Shipwaves Online lands $43k FleetMon order from UAE's OiLSERV
The three-year contract is a cross-sell to an existing client but represents less than 0.5% of revenue, making it financially immaterial for the nano-cap logistics firm.
NTPC Green's Ayana bags 193 MW wind project in MP auction
Ayana Renewable Power, a step-down subsidiary, won 193 MW at ₹4.17/kWh in MPPCL's 800 MW wind tender with greenshoe. The win adds ~1.9% to NTPC Green's 10,000+ MW capacity, but contract value is undisclosed.
RailTel lands ₹107.61 cr MPLS VPN order from Mahanadi Coalfields
The 5-year rental contract adds to RailTel's order book but is modest — about 2.52% of annual revenue and 1.08% of market cap.
Essex Marine lands ₹3.85 cr shrimp order in Japan, a tough market to crack
The nano-cap seafood exporter shipped 46 tonnes of premium Vannamei to Japan, a market known for rigorous quality checks. The order is 6% of annual revenue and marks a new export destination beyond China, Europe, and Israel.
NCC bags ₹534.85 cr in June transport orders
Two projects worth ₹534.85 crore add to a ₹83,000 crore order book, marking a second consecutive month of wins but falling short of May's ₹1,837 crore haul.
Yogi Ltd lands ₹48.6 cr order from new customer, 11% of FY26 revenue
The micro-cap company's ₹48.62 crore purchase order from Companion Vinimay Trading is material at 11% of FY26 revenue and is to be delivered within 15 days.
TARIL bags record ₹1,000 cr+ order from Power Grid
The 'Ultra Mega Order' is the largest disclosed contract in company history, representing over 40% of FY26 revenue and adding at least 20% to the existing ₹5,005 crore backlog. Deliveries span 30 months.
GRE Renew lands ₹175 cr solar EPC order, 70%+ of its market cap
A single 50 MW AC turnkey order from Solarium Green Energy transforms the nano-cap EPC player's book. It exceeds the entire FY26 revenue and dwarfs prior wins.
Avantel lands ₹84 cr satcom order from Zetwerk
The order, under a rate contract from March 2026, is likely over 30% of annual revenue and must be executed by March 2027.
Ceigall L1 for ₹330 cr Delhi road tender, bid 29% above estimate
The bid is one of the largest this year for Ceigall, but the 29% premium raises questions on final award. L1 status is not a contract yet.
Unimech lands long-term deal with Austrian aerospace Tier-1 FACC
The agreement covers precision-engineered components after a multi-year evaluation, but no order value is disclosed; near-term revenue impact is uncertain.
SRM Contractors bags three infra orders worth ₹501 cr
New wins lift order book past ₹3,000 cr and cover railway, highway, and Kumbhmela projects. That is 49% of FY26 revenue in a single day.
Magellanic Cloud unit lands Manappuram LOI for 1,000+ branches
IVIS International's AI surveillance deal with a top gold lender is a major validation, but the LOI is non-binding and no contract value is disclosed.
Suzlon bags first customer for new 5 MW turbine two weeks after launch
Sunsure Energy orders 105 MW from the S175 platform, taking the cumulative partnership to 400.8 MW in under 14 months.
Kalpataru Projects lands ₹2,957 cr in new orders, enters Middle East water market
The order influx, worth nearly 13% of market cap, spans power T&D, buildings & factories, and a debut water project in the Middle East. CEO cites strong visibility for FY26-27 growth.
KEC International lands ₹1,754 cr order, including largest-ever US tower deal
The orders span transmission towers in the Americas and cables contracts, pushing FY27 intake past ₹4,000 cr. Repeat orders signal growing momentum in key markets.
Accord Transformer lands ₹20 cr wind turbine transformer order
The order from a leading EPC player for a Gadag-1 wind project is worth roughly 28% of annual revenue. Completion within five months.
SJVN locks in 658 MW hydro offtake with Gujarat utility
Long-term PPAs cover entire output of three Himachal projects, securing revenue for a capacity that could add over 10% to current top line.
Merritronix signs manufacturing pacts with Analinear, Stuam; no financials disclosed
Non-binding MOUs make Merritronix the preferred partner for PCB assemblies and production runs, but without order commitments or revenue visibility.
Sterling & Wilson lands $560M Egypt solar-storage EPC contract
The 1,000 MW solar plant with 600 MWh battery storage is the company's third gigawatt-scale win in nine months. SWREL's 50% share (₹2,380 crore) equals 31% of FY26 revenue and over 41% of market cap.
Diffusion Engineers lands ₹26.3 cr power-sector order
The order for RAPH Rotor Assemblies accounts for over 7% of annual revenue and adds near-term visibility with staggered deliveries through March 2027.
Desco Infratech lands ₹6.74 cr Adani Total Gas order for Faridabad network
The nano-cap's fourth disclosed order this quarter adds to its city gas distribution pipeline, now totaling over ₹21 crore in visible wins.
Optiemus subsidiary partners Quectel for local wireless module production
Optiemus Electronics will manufacture Quectel's automotive and 5G modules at its Noida plant. The deal carries no disclosed investment or revenue estimates.
Puravankara adds ₹1,000 cr GDV JDA in Sarjapur; Q1 pipeline hits ₹5,200 cr
The 6.4-acre deal on Bengaluru's IT corridor raises first-quarter land additions to ₹5,200 crore, a capital-light pipeline boost.
Bodhi Tree lands Assam government's digital content platform mandate
The project shifts Bodhi Tree from content producer to platform operator with recurring revenue. Tech architecture is already complete.
BDL lands ₹1,347.71 cr order from HAL for missile systems
The defence PSU's contract, over 55% of FY26 revenue, provides multi-year visibility and is its biggest single order in recent memory.
Digilogic wins ₹1.60 cr defence PSU order for static test jig
Order adds to ₹31 cr book but is about 2% of revenue. Delivery by Feb 2027. Small win, but execution remains the real test.
United Drilling Tools bags repeat ₹1.61 cr export order for Petrobras
The nano-cap company has secured a repeat order from Argentera Oil and Gas for casing pipe supply to Petrobras, reinforcing its export credentials with a global oil major.
Shree Marutinandan lands ₹76L fire-fighting order from POWERGRID project
The third work order in a month strengthens order book visibility for the nano-cap firm; delivery by December 2026.
Admach Systems lands ₹5 cr steel-sector order, order book hits ₹81.71 cr
The two-roll straightening machine order from a domestic steel customer adds about 7% to FY26 revenue and takes the order book well above trailing sales.
Biocon scores MYR 225 mn insulin supply deal in Malaysia
Duopharma Biotech's tender wins from Malaysia's MOH secure Biocon a three-drug supply agreement, but the annualized revenue is modest relative to its size.
Innovision lands ₹7.73 cr NHAI contract, but smallest in recent streak
The Pileru-Puthalapattu toll award is less than 1% of revenue and 1.1% of market cap, a fraction of the ₹25-37 cr wins Innovision has been bagging this year.
PIGL wins ₹3.72 cr add-on order from Ajmer Vidyut
The additional work order brings the total contract under RDSS to ₹38.28 cr, extending revenue visibility for the nano-cap contractor over 15 months.
Ircon wins ₹198 cr smart grid order, but scale is modest
A ₹763 cr JV contract for Agartala's power network adds to Ircon's order book, but at 2.1% of revenue it won't reverse the recent slowdown.
Shree Marutinandan lands ₹2.24 cr order from Arvind group company
The order, valued at 10.2% of the company's market cap, covers plumbing and piping work at an Arvind site with 95% payment due in 30 days.
We Win lands ₹8.70 cr MPRDC order for accident response system
The three-year contract from a state government undertaking is worth about 17% of We Win's ₹51 cr market cap and roughly 9% of its annual revenue, providing multi-year revenue visibility.
RailTel bags ₹334.52 cr Railways order for e-Office upgrade
The contract to upgrade e-Office to version 7.x with mandatory digital signatures is worth 7.8% of annual revenue and provides five-year revenue visibility.
Interarch lands ₹375 cr in June orders
The pre-engineered building company secured contracts across energy, hydrocarbon, data centres, and more. At ₹375 crore, June inflows alone are about 12% of market cap.
Interarch lands ₹165 cr pre-engineered building order
Order adds to ₹1,700 cr book, covers 9 months of revenue. Client undisclosed.
Dee Development lands ₹64 cr wind tower order, diversifies beyond piping
DEE Fabricom India will supply 15 windmill towers to Ganeko Solar by Jan 2027. The order, worth 5.6% of FY26 revenue, adds a new revenue stream outside its core piping business.
GEE Ltd lands exclusive welding supply for three Navy warships
The nano-cap company's welding consumables were the only ones used on INS Dunagiri, INS Agray, and INS Sanshodhak, built by GRSE with 75% indigenous content.
NPST lands UPI TPAP order from Maharatna PSU, but value stays under wraps
The small-cap fintech will serve as Technology Service Provider on a SaaS model, generating recurring revenue. But no financial terms disclosed, leaving the materiality unclear against its ₹3,291 cr market cap.
Eforu Entertainment lands ₹54 lakh artist deal; equals 40% of annual revenue
The nano-cap has signed with Ambigramy LLC to introduce two music artists for USD 65,000 (~₹54 lakhs). The sum is modest in absolute terms but massive relative to Eforu's ₹1.33 crore annual revenue.
B-Right Real Estate locks in ₹179 cr Parel project
Step-down subsidiary signs non-binding MOU for Viswas Niwas 8 & 9. Site spans 1,081.95 sq m with 45,760 sq ft saleable area.
Dhabriya Polywood subsidiary bags ₹13.05 cr modular kitchen order from M3M
Dynasty Modular Furnitures lands a letter of intent for delivery over 18 months, adding to a record order book of ₹174 cr.
GHV Infra lands ₹213 cr order from related party for railway work
The order is 35% of FY26 revenue and must be completed in 14 months. Counterparty is promoter-linked but at arm's length.
BEL locks in ₹1,081 cr in fresh orders, routine for a firm its size
The new orders add 3.93% to annual revenue and a similar sliver to a ₹73,000 cr backlog. For a defence giant with a ₹3,12,000 cr market cap, this is a normal fortnight.
Shree Refrigerations lands repeat Navy order — ACs on PM-commissioned warships
Shree Refrigerations' AC plants on second set of PM-commissioned warships. New 50,000 sq ft plant doubles capacity, supporting 40% CAGR target.
Brahmaputra Infra lands ₹70 cr NH contract in Mizoram
The nano-cap constructor is L1 for a five-year O&M contract on NH-502A near the Myanmar border, valued at roughly **15%** of its market cap.