Syrma SGS Technology, Swan Defence and Rail Vikas Nigam to see some action today

Syrma SGS Technology (Syrma SGS) has entered into a definitive agreement to acquire 60% majority stake in Elcome Integrated Systems (Elcome), a long-established Indian Defence and Maritime electronics company specializing in advanced electronic systems, integrated command solutions, and indigenous mission-critical technologies. This acquisition marks a strategic step for Syrma SGS in advancing its presence in Defence Electronics, an area of increasing national priority.

Swan Defence and Heavy Industries (SDHI) has signed a Letter of Intent (LoI) with European ship owner and operator Rederiet Stenersen AS for construction of 6 nos IMO Type II chemical tankers, each of 18,000 DWT capacity. The LoI marks a defining moment for India’s shipbuilding export, covering six vessels valued at approximately $220 million, with an option for additional six ships to follow under the same class. 

Rail Vikas Nigam has received LOA from South Central Railway for Design, Supply, Erection, Testing and Commissioning for OHE up gradation of existing 1X25kV system to 2X25kV at feeding system with feeder and earthing works in Ramgundam (RDM) - Kazipet (KZJ) section of Secunderabad Division under South Central Railway.

Precision Electronics has been awarded an Order from a local customer in the Aerospace & Defense segment. The company will deliver the Mast with accessories as per the customer specifications. Order value is about Rs 60 lakh. The said order is expected to be completed within the current financial year. 

Vikran Engineering has received Letter of Award (LOA) from Carbonminus Maharashtra One Private (SPV) of Rs 1641.91 crore for development of ‘505 MWAC Capacity Crystalline Ground Mounted Solar PV Technology Grid Interactive Solar PV Power Plants under MSEDCL LIS scheme at various districts in Maharashtra’ by Maharashtra State Electricity Distribution Company (MSEDCL).

Jinkushal Industries’ subsidiary -- Hexco Global FZCO has secured a confirmed repeat export order from an existing B2B customer based in North America. The buyer, a long-standing partner and one of the early adopters of HexL machines, was among the first international customers of the HexL brand and continues to be a key revenue contributor within JKIPL’s global group operations. The new order comprises 100 units of HexL 420X Backhoe Loaders, with an average selling price of approximately $50,000 per unit, translating to a total order value of around $5 million (around Rs 42 crore). The supply will be executed progressively over a three-year period, with quarterly price alignments based on prevailing market conditions. 

Adani Enterprises’ wholly owned subsidiary -- Adani Airport Holdings (AAHL) has executed a Share Purchase Agreement (SPA) and Joint Venture Agreement (JVA) on November 10, 2025 with World Plate Collective Cuisines (WPCCL), a wholly owned subsidiary of AAHL and AJ Holding (AJ Holding) in relation to disinvestment of AAHL’s 25% stake in WPCCL. Upon completion of contemplated transaction, AAHL and AJ Holding shall hold equity shares of WPCCL in the ratio of 75:25.