DEE Development Engineers, Eco Hotels and Monarch Surveyors to see some action today

02 Jun 2026 Evaluate

DEE Development Engineers has secured contracts aggregating Rs 206.55 crore (Excluding GST) for manufacturing and supply of Critical Piping Assembly (Main Steam package and Hot Reheat system). The customer is a Public Sector Maharatna EPC conglomerate of Power Sector.

Eco Hotels and Resorts has launched its first boutique hospitality property in Udaipur, Rajasthan, marking a significant milestone in the company's strategic growth and expansion roadmap across India's key tourism and leisure destinations. The newly launched boutique property, located in Govardhan Villas near the scenic Govardhan Lake, features well-appointed rooms designed to offer a premium and personalized guest experience.

Monarch Surveyors and Engineering Consultants has received Letter of Acceptance for providing project management services for Pre & Post Tamping Track Measurements using Portable Track Geometry Measurement Trolley System (Gedo Survey) for Design Mode Tamping on all lines in MSB-VM Section. The total order value of the project is Rs 2.02 crore. This is a significant development, and it is expected to positively impact the business operations of the Company.

Tega Industries, in consortium with funds managed by affiliates of Apollo (the Apollo Funds), has successfully completed the acquisition of Molycop, a leading global supplier in grinding media for the mining industry, from an affiliate of American Industrial Partners (AIP) at an enterprise value of around $1.5 billion. The closing marks a major milestone in Tega’s 50th anniversary year and positions the combined business as one of the world’s leading designers and manufacturers of ‘critical-to-operate’ consumables for certain production steps in the mining, minerals processing and material handling industries with an innovative and differentiated product portfolio.

ACME Solar Holdings (ASHL), through its wholly owned subsidiary - ACME Sun Power, has commissioned 33.333 MW/160.512 MWh capacity of Battery Energy Storage System (BESS) Project located at Village: Badi Sid, Tehsil-Bap, Dist: Phalodi and Jodhpur, Rajasthan, on June 01, 2026. The Commercial operation date (COD) for the same shall be June 03, 2026. With this, ACME Sun Power has achieved a commissioned capacity of 266.669 MW / 1283.936 MWh.

Emami has completed the acquisition of 2,05,767 equity shares i.e. 59.69% stake in IncNut Digital (IncNut), resulting in IncNut becoming a subsidiary of the Company. The acquisition of remaining stake of 0.31% i.e.1064 equity shares of IncNut will be completed, as per the terms of the Share Subscription and Purchase Agreement.

NMDC has registered a 19.86% rise in its iron ore production to 5.31 million tonnes (MT) in May 2026. The company had produced 4.43 MT iron ore in May last year. However, the sales volumes decreased 6.91% to 4.04 MT in May 2026 from 4.34 MT in the same month a year ago. The company’s Chhattisgarh mines produced 3.99 MT of iron ore and registered sales volume of 3.34 MT in May 2026, while Karnataka mines produced 1.32 MT of iron ore and sold 0.70 MT of iron ore in May 2026.

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