BEL, KEC International and RPP Infra Projects to see some action today

19 May 2025 Evaluate

Bharat Electronics (BEL) has secured additional orders worth Rs 572 crore. Major orders received include Integrated Drone Detection and Interdiction System (IDDIS), Software Defined Radio (SDR) and Data Communication Unit (DCU) for attack guns, AI based solutions for ships, simulators, communication equipment, jammers, spares, services etc.

KEC International, an RPG Group Company, has secured multiple new orders worth Rs 1,133 crore for Transmission & Distribution projects. Power Grid Corporation of India has awarded the company a project for ± 800 kV HVDC Transmission line, and 765 kV GIS Substation, while a private developer has awarded a project for 400 kV Quad Transmission line.

RPP Infra Projects has received letter of acceptance (LoA) for a new projects - PACKAGE-B: Supply of Factory Finished Fabricated Structure of Boiler at Koderma in Jharkhand. The contract is priced at Rs 154.43 crore. The contract is to be executed within 17 months.

Univastu India has received a work order worth Rs 244.31 crore (including GST) from the Divisional Sports Complex Committee, Jalgaon for the construction of the divisional sports complex in Jalgaon district. The order is to be executed within 36 months (including monsoon) from the date of receipt of work order.

Inox Green Energy Services has entered into agreements to provide operations and maintenance (O&M) services for 285 MWp of solar projects of two of India’s leading renewable energy companies. The projects are located across multiple sites which are owned by the said companies. With this agreement, Inox Green’s solar O&M portfolio has grown to around 1 GW within a month of entering into this segment.

Newgen Software Technologies has been granted patent by Indian patent office for inventing the ‘System and Method for Data Compression.' This patent has been filed for a term of 20 years commencing from April 26, 2017, in accordance with the provisions of the Patents Act, 1970. The invention addresses efficient data compression for large volumes of data files where the majority of content is similar, with a smaller amount of varying data, especially in scenarios where traditional compression techniques may not be optimal.

Tera Software has received approval for the proposal of acquisition (100% stake) of remaining 26% equity shares of subsidiary company -- TS Innovations through transfer and make it a wholly owned subsidiary. The transaction is expected to be completed in Q2 FY2O25-26, subject to any extension as per the terms of SPA. The Board of Directors of the company at their meeting held on May 16, 2025, has approved the same.

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