Schaeffler India Q2 CY26 Revenue Surges 17.5% to ₹2,681 Crore as Exports Outperform
Schaeffler India reported a robust 17.5% YoY revenue growth for Q2 CY26, reaching ₹2,681 crores on a standalone basis, driven by a 33% surge in Automotive Technologies. Despite headwinds in the domestic passenger vehicle segment, the company achieved an EBITDA margin of 19.1% and significantly outperformed its export growth guidance.
Transrail Lighting Board Approves ₹600 Crore QIP and Declares 150% Interim Dividend
The Board of Directors of Transrail Lighting Limited has approved a significant capital raising plan of up to ₹600 crore through a Qualified Institutions Placement. Alongside this, the company declared an interim dividend of 150% for the current financial year and announced a strategic move into high-tech sectors including drones and energy storage.
Neueon Corporation Secures ₹35 Crore Strategic Order for Tactical Communication Equipment
Neueon Corporation Limited has entered into a strategic procurement partnership with Elcom Innovations Private Limited valued at ₹35 crore. The agreement focuses on the supply of tactical communication equipment and solutions, marking a significant entry into specialized electronic hardware. This domestic order is scheduled for completion in various tranches by July 23, 2027.
Ice Make Refrigeration to Raise ₹190 Crore via Preferential Issue; Sets Up Japan JV
Ice Make Refrigeration Limited has approved a preferential issue of shares to raise approximately ₹190 crore from a group of investors including Japan's Galilei Holdings. The capital injection will support a new joint venture aimed at expanding the company's footprint in the commercial refrigeration and hospitality sectors.
Shivalik Bimetal Starts Pune Phase-I Production Following Regulatory CTO Approval
Shivalik Bimetal Controls Ltd has secured the Consent to Operate for its new Pune Phase-I manufacturing plant, marking a significant step into the automotive electrification supply chain. The facility will focus on high-precision components like bus-bar connectors and PCBA assemblies for global OEM and Tier-1 customers.
INOX India Secures Multiple Orders Worth ₹939 Cr Across Industrial Gas and Space Sectors
INOX India Limited has bagged multiple orders totaling ₹939 crore since May 2026, primarily driven by a significant intake in the Industrial Gas segment. The orders include a mega contract from the space exploration industry and various high-tech cryo-scientific projects, significantly bolstering the company's order book.
Kirloskar Pneumatic Launches India's First Indigenous A800 Centrifugal Compressor
Kirloskar Pneumatic has launched the Tezcatlipoca A800, an advanced two-stage centrifugal air compressor designed for the 600 to 980 CFM range. As India's first indigenous solution in this capacity class, it aims to replace traditional dry screw compressors in critical industrial applications.
PTC Industries Board Approves ₹1,800 Crore Fund Raise and Higher Borrowing Limits
The Board of Directors of PTC Industries has approved a significant capital raise of up to ₹1,800 crore through equity-linked instruments. Alongside the fund infusion, the company is seeking shareholder approval to enhance its borrowing and investment limits to support long-term growth.
Vikran Engineering Bags Mega ₹3,517.98 Crore EPC Order for 969 MW Solar Project
Vikran Engineering Limited has accepted a massive ₹3,517.98 Crore turnkey EPC order from its wholly-owned subsidiary, NOPL Solar Projects Private Limited. The contract involves the development of a 969 MW AC solar power project across multiple locations in Maharashtra. This development follows a strategic restructuring after Vikran's 100% acquisition of NOPL.