Engineering
60 recent notes from companies in this sector. 17 companies tracked.
Organic Recycling Systems approves 1:2 bonus issue
The board of the nano-cap waste-to-energy company clears a 1:2 bonus, capitalizing ₹5.20 crore from reserves. The signal is confidence, though fundamentals stay unchanged.
Salasar Techno faces fresh NCLT vote on merger after earlier meet set aside
NCLT Allahabad orders de novo equity shareholder meeting on August 8, 2026 for Hill View Infrabuild amalgamation, superseding June 5 proceedings. Reason undisclosed.
KP Green appoints IIMA professor as vice-chairman
Prof. Sunil Maheshwari, former IIMA professor and civil servant, joins as non-executive vice-chairman subject to shareholder nod. Director Amit Khandelwal resigns but stays in the KP Group.
Conart Engineers CS resigns; replacement process begins
Narendra D. Shah steps down effective July 1, 2026 for personal reasons. The board says it will appoint a successor within regulatory timelines.
South West Pinnacle to issue 2.82 million shares on warrant conversion
Promoters get 2,269,288 shares; non-promoters 552,123. Expected capital infusion of ₹49 cr and 9% dilution.
Galaxy Bearings freed from US sanctions after 19 months
OFAC removal ends a block that crippled exports and slashed profit 76%. The bearings maker can now resume global trade and access the US financial system.
Lokesh Machines exits US sanctions list, removes key overhang
The OFAC SDN removal, effective June 30, 2026, unfreezes properties and restores access to the US financial system and international trade for the defence equipment maker.
Expo Engineering absorbs promoter firm in 22:1 share swap
The merger consolidates two engineering businesses under common control, raising promoter stake to 60.74%. The transferor is small, with ₹4.42 cr turnover versus ₹68.22 cr for the listed entity. Subject to regulatory approvals.
Revathi Equipment loses CFO; no successor named
Sudhir Raju resigns effective June 30 citing personal reasons, leaving a key finance role open at the ₹220-cr nano-cap.
Adisoft clarifies ₹96 cr order book was pipeline: firm orders at ₹38.54 cr
The company said a definitional mix-up inflated its order book. FY27 revenue guided at ₹215 cr with 35-40% profit growth; new 25,000 sq ft facility planned for November.
CFO exits Modern Engineering, replacement lined up
Francisca Rosario resigns effective June 30; Navraj Bhatt, a CA from Man Infra, takes over from July 1. For a ₹48 cr market-cap firm with a recent Tata Steel order, the finance helm change is material.
SKIL Infrastructure draws 7 bids for insolvent ₹20 cr shell
The company received seven resolution plans by June 27, a strong signal of bidder interest for a near-dead entity undergoing CIRP since February 2024.
Kirloskar Pneumatic launches India's first indigenous mid-range compressor
The Tezcatlipoca A800 is a 600-980 CFM oil-free centrifugal compressor. No order or revenue details were disclosed, limiting near-term financial impact.
Ducon sees ₹10,000 cr FGD pipeline, but sales just ₹101 cr
The mandatory FGD program could fuel orders, but the small-cap firm hasn't shown sustained revenue growth. No hard targets were given. Execution remains the open question.
South West Pinnacle promoters vend 3.91% stake worth ₹26.9 cr in open market
The Jain family sold 1.17 million shares over two days, cutting their voting stake to 64.94%. No prior disclosure suggests a liquidity-driven exit.
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.
Shri Bajrang's credit rating slips one notch to BBB-
Infomerics downgraded the Rs 25 crore HDFC facility to lowest investment grade, citing a review of FY26 performance. Outlook stays stable.
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.
Sharika Enterprises to raise ₹27 cr via preferential shares, warrants
The nano-cap, nursing a net loss and negative net worth, is issuing equity and warrants worth 31% of market cap. Shareholders vote on July 17.
Lloyds Engg promoter frees 2.3 cr shares from Tata Capital pledge
Lloyds Enterprises released pledge on 2.30 crore shares, reducing encumbered holding from 18.41% to 13.65% of promoter stake. The move signals improved financial flexibility.
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.
Ducon targets ₹600-1,000 cr revenue in 2-4 years from ₹400 cr base
Cautiously optimistic management flags CO2 capture tailwind but declines FY27 guidance; ₹25 cr rights issue to fund working capital.
Organic Recycling Systems to weigh bonus share proposal on July 6
The board will consider issuing bonus shares, a positive signal for the ₹224-crore waste management firm. The final decision remains pending.
Power Mech lands ₹1,008.90 cr JSW thermal plant contract
The order from JSW Group is nearly four times the size of the Adani contract announced last month and boosts the order book substantially.
Kirloskar Oil Engines lands 192 MW data centre power order from HyperNext
One of India's largest standby power installations for data centres. Order value not disclosed, estimated at ~₹192 crore.
Sharika Enterprises to weigh fundraising options on June 23
Nano-cap engineering firm, deep in loss with negative net worth, will consider equity or debt. No size, no pricing yet.
Lloyds Engineering buys SISCOL for ₹1,073 cr to build ₹10,000 cr revenue platform
The structural steel fabricator adds ₹817 cr in revenue and a ₹1,134 cr order book. Founder Ravi Uppal stays on to lead the acquired entity.
Lloyds Engineering buys 52% stake in SISCOL for ₹635 cr
The deal brings former JSPL MD Ravi Uppal's company under its fold, adding ₹817 cr revenue and 100,000 MTPA capacity. Combined entity creates an integrated engineering and EPC platform.
Kirloskar Ferrous lands ₹113.5 cr pig iron order from UK buyer
30,000 MT of basic grade pig iron to be shipped sight L/C, FOB basis, delivery by August 2026
Rajesh Power wins ₹211.68 cr OPTCL order, enters Odisha
The EPC contract for a 220kV underground cable line is among the company's largest transmission orders, boosting visibility.
RBM Infracon slashes FY27 revenue target to ₹700 cr from ₹1,000-2,000 cr range
Nano-cap engineering firm also flags main board migration delay and stalled railway tender, but FY26 revenue jumped 53% to ₹492 cr and order book stands at ₹4,500 cr.
Bondada Engineering lands ₹1,338 cr solar-plus-storage order from NTPC unit
The 250 MW/200 MWh project in UP is Bondada's first large integrated award from a central PSU, adding multi-year revenue visibility beyond the Adani group.
Mahindra EPC bags ₹17 cr in micro-irrigation orders, third award this month
Four contracts from a government buyer cover 680 hectares under a community micro-irrigation project. Total disclosed orders in the past month climb to ₹23.8 cr.
GR Infraprojects locks in ₹1,897.51 cr railway project
West Central Railway appoints June 15, 2026 as start date for 900-day Sidhi-Singrauli rail link project, GR Infra's largest single railway contract.
Sugs Lloyd lands ₹56.57 cr rooftop solar order from Bihar utility
The 16 MW project under PM Surya Ghar scheme is 21% of market cap, with a 10-year contract. Execution starts after PPA signing, expected 9 months.
Lender invokes Pushpa Pungalia's pledged shares in Vishnu Prakash R Punglia
After months of margin shortfall pledges, the bank enforces on 3.2 million shares, leaving promoter with just 0.23% stake. Company already bleeding ₹156 cr cash loss.
Lippi gets a new 5.45% shareholder — non-promoter duo buys in
Guttikonda Rajasekhar and Guttikonda Vara Lakshmi acquire 3,81,216 shares worth ~₹5.5 cr on June 11, 2026. The stake is material for the ₹102 cr nano-cap engineering company.
Kirloskar Ferrous PAT nearly doubles to ₹594.74 cr on tax boost
A deferred tax asset of ₹141.28 cr and reversal of ₹110.38 cr tax expense drive the jump. The restated results supersede the May 7 filing.
Artson lands ₹5.40 cr order from Deepak Chem Tech, diversifying beyond Tata Group
The two-phase order for 15 vessels adds to recent wins from Reliance and Anuppur, providing near-term revenue visibility despite modest size.
BHEL gets one-notch rating upgrade to CARE AA/Stable
CARE lifts BHEL's long-term rating from AA- to AA on stronger profitability and order book. But for a ₹1,30,299 cr PSU, this is a modest, widely expected move.
Elgi's CFO is moving to run the Americas and Europe business.
Indranil Sen will shift from finance to lead the international vertical. The company will appoint a new CFO later.
Desco Infratech gets its first credit rating from India Ratings
A first-time investment-grade stamp on ₹11 crore in bank loans for the nano-cap EPC contractor.
BCPL wins ₹13 cr contract worth a tenth of its own market cap
The railway electrification order from South East Central Railway is large enough to materially move the nano-cap's near-term revenue.
Sunita Tools lands first cash order for artillery shells
The ₹417 cr market-cap company has moved from non-binding memos to a paid prototype delivery and a vendor approval in the US defence supply chain.
Shree Marutinandan wins ₹42.5L fire-fighting order in Jammu & Kashmir
A nano-cap wins a small government-related contract. The order is just 0.28% of annual revenue but exceeds the company's own materiality threshold.
Neetu Yoshi targets ₹210-220 cr revenue next year as new plant fires up
The company plans to more than double revenue in FY27 after a strong FY26, with a new bogie factory joining the production mix within weeks.
Triveni's power unit locks in Asia's first defence-gearbox order ahead of demerger
The demerger of the power transmission business remains on track for an August listing. It carries a ₹500-crore order book.
Paramount Speciality plans to double revenue with ₹24 cr capex
The forgings maker guided for ₹150-160 cr revenue in FY27, up from an estimated ₹120 cr in FY26, with a new plant adding 6,000-8,000 tonnes of capacity.
Rungta Irrigation doubles authorised capital, now eyes a rights issue
The ₹98-cr market-cap irrigation equipment maker will meet June 12 to consider a rights issue. Pricing and size are still secret.
Rishi Laser missed its FY26 target. Now it's guiding for a ₹30 crore revenue jump.
Management blamed execution failures at its new Malur plant for the shortfall. It's now guiding for ₹190 crore in FY27 as the plant finally comes online.
ONGC hands Expo Engineering its biggest order at 28% of market cap
A three-year maintenance contract from India's largest state oil firm is the nano-cap's single largest win, dwarfing its tiny market capitalisation.
Interarch lands ₹58 cr pre-engineered building order
The domestic contract adds to an already large order book. It confirms demand but doesn't change the earnings trajectory.
Faalcon lands ₹3.11 cr glass order, a big deal for a ₹37 cr company
The binding contract from Sanskriti University represents about 10% of annual revenue for the nano-cap firm. Execution is set for four months.
Marsons picks up a ₹9.48 cr service order from West Bengal's grid utility
The contract covers repair and testing of power transformers for WBSETCL. It's routine work, worth less than 4% of annual revenue.
Steelcast targets ₹100 cr profit, pulls forward capex decision
FY26 profit rose 20% to ₹87 cr. Management now wants to surpass ₹100 cr by FY27 and will decide on expansion by July.
Abha Power's insert prices fell 20%, margins crashed to 6.45%.
H2 revenue dropped 25% to ₹27.65 cr. The company is betting a 35x capacity jump and new railway orders will restore margins to 15-20% in FY27.
JNK India lands ₹100-300 cr incinerator deal for ADNOC's Abu Dhabi salt project
The export order is worth 12-36% of JNK India's FY26 revenue and adds to an order book already at ₹1,961 crore. Delivery is set for December 2027.
Simplex Castings cuts power costs by a third with 25-year solar pact
Natraj Energy will build and maintain a 5.5 MWp captive solar plant for Simplex's Bhilai and Tedesara facilities. The company expects annual savings of ₹2.16 crore, about 10% of its pre-tax profit.
Msafe's new formwork chief quits over strategy clash
Rachit Jain, who led Msafe's entry into aluminum formwork, resigned after differences over the division's pace and management.
Rishi Laser's Malur plant took too long. Profit fell 55%. Now it wants ₹190 cr.
Management admitted a botched plant commissioning hurt FY26 earnings. It's betting a fully operational Malur plant and a Pune recovery will deliver ₹190 crore in revenue this year.