Coforge, Ola Electric Mobility and Ceigall India to see some reaction today

29 Dec 2025 Evaluate

Coforge has signed definitive agreements to acquire Encora, an AI?native firm born in the Silicon Valley with deep strengths across AI?driven engineering underlaid by Cloud and Data. The transaction is subject to customary closing conditions and regulatory approvals. Encora is one of the select tech services firms founded with an AI?native DNA providing engineering services to Fortune 1000 enterprises and digital-native companies.

Ola Electric Mobility has scaled up of its 4680 Bharat Cell powered S1 Pro+ (5.2 kWh) across Tamil Nadu, Kerala, Telangana and Karnataka. The company has commenced deliveries across Coimbatore, Kochi and Hyderabad, along with continued ramp-up in Bengaluru. The S1 Pro+ (5.2 kWh) is the first product powered by the company’s indigenously manufactured 4680 Bharat Cell battery pack, delivering more range, higher performance and enhanced safety.

Ceigall India’s wholly owned subsidiary -- Ceigall Infra Projects has received Letter of Award (LOA) from Madhya Pradesh Road Development Corporation for construction of Indore Ujjain Green field (Access Control) 4 lane with paved shoulder project highway (length 48.10 Km.) Starting from Km. 0.000 near Pitra Parvat and terminating at Km. 48.100 (Simhastha bypass km 2.600) on Hybrid Annuity Mode (HAM). The bid project cost is Rs 1089.00 crore.

Avantel has received a contract for CAMC of Satcom Equipment’s from Ministry of Defence, Headquarters Naval Aviation. Broad consideration or size of the order(s)/contract(s) is Rs 4.16 crore (Incl. Taxes). The said order is expected to be completed by January 1, 2028.

The Monarch Surveyors and Engineering Consultants has received the Work Order for Pre and Post tamping track measurement survey using Trimble Gedo Vorsys trolley system and the total order value of the project is Rs. 3.29. This is a significant development, and it is expected to positively impact the business operations of the company.

Diamond Power Infrastructure has received a letter of intent (LoI) from Hild Projects, EPC Contractor for Supply of Power Cables worth Rs 66.18 crore exclusive GST. The order has been awarded on Kms rate basis with PV Formulae. The said order is expected to be completed within January 1, 2026 to June 30, 2026.

Conart Engineers has received work order from Powerstatic Solutions India, Ahmedabad for construction of New Factory Building and other related construction at Sanand GIDC, District Ahmedabad, Gujarat. The approximate value of the project is Rs 30.38 crore (depends on any changes in the final layout plan and extra work, if any). The said order is expected to be completed in 8 months from the date of the PO.

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