AXISCADES Technologies, Coal India and ONGC to see some action today

27 May 2026 Evaluate

AXISCADES Technologies has secured an order through its wholly owned subsidiary, AXISCADES Aerospace & Technologies from the Research & Development Establishment (Engineers), Pune, a premier laboratory under the Defence Research and Development Organisation (DRDO), Ministry of Defence, for the manufacturing and supply of Mobile Mast System. The order is valued at Rs 6.9 crore and covers the manufacturing, integration, qualification testing, documentation and delivery of one Mobile Mast System.

The central government is planning to sell up to 2 per cent stake in Coal India through an offer for sale at a floor price of Rs 412 apiece beginning on May 27, 2026. The sale of up to 2 per cent stake or about 12.32 crore shares at Rs 412 apiece would fetch about Rs 5,000 crore to the exchequer. The OFS (offer for sale) will open for non-retail investors on May 27, and for retail investors on May 29.

Oil and Natural Gas Corporation (ONGC) has reported 45.60% rise in its consolidated net profit at Rs 10,819.65 crore for fourth quarter ended March 31, 2026 (Q4FY26) as compared to Rs 7,431.14 crore for the same quarter in the previous year. Total income of the company increased by 3.74% at Rs 177,172.96 crore for Q4FY26 as compared Rs 170,784.34 crore for the corresponding quarter previous year. On standalone basis, the company has reported 3.13% rise in its net profit at Rs 6,649.97 crore for Q4FY26 as compared to Rs 6,448.28 crore for the same quarter in the previous year. Total income of the company increased by 4.05% at Rs 38,555.91 crore for Q4FY26 as compared Rs 37,056.92 crore for the corresponding quarter previous year.

Saatvik Green Energy has received and accepted an order aggregating to Rs 171.45 crore from one renowned Independent Power producer/EPC Player for supply of solar PV modules. The order will be executed by October 2026.

Tata Elxsi has launched ViTel, a Material Intelligence solution for Medical Device manufacturers, co-developed with Viridium AI, a material intelligence platform company. ViTel is being formally introduced at DeviceTalks Boston 2026, where the company is presenting its latest advances in AI-powered MedTech engineering and compliance.

Clean Max Enviro Energy Solutions (CleanMax) has successfully raised around $575 million to expand its solar and wind projects in India. The financing was structured through multiple lenders of domestic and international banks, comprising External Commercial Borrowings (ECB), INR borrowing and Foreign Currency Non-Resident (Bank) (FCNR(B)) facilities. The funding will support large-scale, Central Transmission Utility (CTU) connected renewable projects across Rajasthan and Karnataka aggregating to a renewable energy portfolio of around 1 GW.

GPT Infraprojects has received contract from PCMM, Eastern Railway for supply of PSC sleepers for various divisions of Eastern Railway. The contract is valued at Rs 72 crore and is to be executed within 730 days from the Appointed Date.

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