UBS said that the recent correction in BHEL shares offers a positive read-through for the stock, citing robust order momentum. BHEL stock lost about 9 percent yesterday on concerns that easing restrictions on Chinese bidders could intensify competition in large government contracts.
Alongside the project award, Sterling and Wilson (SW Solar) signed a 5-year Strategic Partnership Framework Agreement with Adani Green Energy, aimed at future renewable energy rollout in India.
Today's gain in Sterling and Wilson share price comes after the renewable EPC player said it has secured a turnkey engineering, procurement and construction (EPC) contract for a 240 MW AC solar project in South Africa, valued at approximately Rs 1,313 crore.
Inox Wind Ltd said it received an order of up to 160 MW (including a firm order of 112 MW and an option for an additional 48 MW) from an Indian independent power producer (IPP) for its 3.3 MW wind turbine generators.
L&T said its Minerals & Metals (M&M) business has secured multiple large orders in India, including one from Hindalco Industries for setting up a 180 KTPA aluminium smelter and gas treatment centre for a greenfield project in Odisha.
Infosys wins mega contract worth GBP 1.2 billion from from the NHS Business Services Authority (NHSBSA) to replace the National Health Service’s ageing Electronic Staff Record (ESR) system.
Larsen & Toubro said it has won large orders in the range of Rs 2,500-5,000 crore for its Power Transmission & Distribution business for grid infrastructure in the Middle East.
L&T's Middle East ultra-mega project involves engineering, procurement, construction, installation, and commissioning of an NGL plant designed to process Rich Associated Gas (RAG) and produce value-added products.
MTAR Tech remains optimistic about growth in its clean energy and aerospace verticals, anticipating significant orders in both the segments going forward.
The latest order win is poised to strengthen RITES' order book, further fueling its growth momentum. In Q2, the company’s order book grew 3.6 percent sequentially to Rs 6,581 crore.
The two orders wins have taken the cumulative order value of Welspun's US plant to over Rs 7,000 crore.
Bondada Engineering's latest order was awarded by the Bihar Renewable Energy Development Agency for the design, supply, installation, testing, and commissioning of remote monitoring systems of smart solar street light systems.
The partnership combines L&T Tech Services’ deep expertise in ER&D services with the client’s cutting-edge wireless networking solutions, the company has said
L&T shares gained about 1 percent amid a flat market, after the company announced mega order wins in the Middle East for expanding electricity grids.
ITI stock jumped 8.81 percent to the day's high of Rs 308 per share on the NSE. The uptrend in the stock was witnessed after six days of consecutive fall on the bourses.
The total deal amount has not been disclosed by the company yet.
Kalpataru Projects has secured new orders worth Rs 2,333 crore in transmission & distribution, EPC, and residential building businesses.
Each vessel would have a deadweight tonnage (DWT) of 7,500. This agreement also includes an option to build an additional four ships in the future.
L&T has won multiple 'significant' orders in its construction vertical for buildings and factories. The firm classifies Rs 1,000-2,500 crore orders as 'significant'.
Railtel Corp of India secured an order worth Rs 351.95 crore from the Municipal Corporation of Greater Mumbai and another order worth Rs 130.60 crore from the State Project Director (SPD) Bihar Education Project Council (BEPC).
The company said it has an order book of around Rs 65,000 crore, which roughly constitutes 50 percent from railway projects
The Rs 1,100-crore project will be developed by SJVN Green Energy on a build-own-and-operate basis
L&T's order book stood at Rs 4,50,700 crore in the first half of FY24, up 22 percent on year from the previous fiscal.
BEL's order book stands at Rs 26,613 crore for FY24 so far.
This project will be a part of the Wind-Solar Hybrid and STU's (State Transmission Utility) tariff-based project for increasing Renewable Energy contribution in the state of Gujarat.