Sigma Advanced Systems has been awarded an export contract valued at $21.97 million (nearly Rs 208 crore) for the manufacture and supply of 40,000 units of 155 mm M107 artillery shell bodies to a customer in North America. The contract will be executed over a six-month period, with production and deliveries scheduled for completion within this timeframe. This new order marks a strategic expansion in munitions capabilities for Sigma, moving from a fuze manufacturer to a complete artillery shell component production manufacturer. This dual capability highlights Sigma Advanced Systems’ evolution into a comprehensive global defence munitions partner with end-to-end engineering and precision manufacturing expertise.
Adani Ports and Special Economic Zone’s (APSEZ) step down subsidiary -- Adani Harbour International FZCO has incorporated a wholly owned subsidiary (WOS), namely, Harbour International Shipping FZCO in UAE on June 5, 2026. The proposed entity has been established to conduct its offshore operations locally in line with the company’s marine strategy to diversify its fleet globally. This development further reinforces APSEZ’s strategy to build one of the world’s largest integrated marine platforms, while expanding the geographic reach of its marine business.
Hindustan Zinc has signed a Memorandum of Understanding (MoU) with The Energy and Resources Institute (TERI) to develop a 250-hectare ecological restoration project in Rajasthan, that is set to become world’s largest green cover area within industrial premises. To be undertaken at the company’s Chanderiya Lead Zinc Smelter Complex in Chittorgarh, the initiative marks a significant step in the company’s efforts to reimagine industrial landscapes as thriving natural ecosystems.
Railtel Corporation of India has received the work order worth Rs 41.32 crore (excluding tax) from Uttar Pradesh Police Recruitment and Promotion Board. The order is for providing security related ancillary services during recruitment Examination. The order is to be executed by June 05, 2028.
Le Travenues Technology (ixigo) has received approval for acquisition of 54.66% stake in Brevistay Hospitality (Brevistay) for a total consideration of Rs 65.69 crore including non-compete fee, through a combination of secondary and primary share purchases subject to completion of conditions precedent and authorisation for signing of definitive agreements. Additionally, the company has a right to purchase the remaining stake in the future subject to fulfilment of certain conditions.
HEC Infra Projects has received a work order worth Rs 44.87 crore from M/S Powergrid Bikaner IV Transmission, a wholly owned subsidiary of Power Grid Corporation of India. This project is regarding augmentation of transformation capacity at 400/220 kV Bikaner-IV S/S by 2x500 MVA, 400/220kV ICT along with associated bays and implementation of 3 nos. of 220 kV line bays. The order is to be executed within 15 months.
Innovision has received a Letter of Award (LoA) / work order from National Highways Authority of India (NHAI). The order involves engagement of user fee agency on the basis Competitive Bidding for Belon Fee Plaza at Km 136.965 for two/four lane with paved shoulder Aligarh-Moradabad Section from Km 85.65 to 158.895 km on NH-93 (NH509) Uttar Pradesh and upkeep/ maintenance of adjacent Toilet Blocks including recouping the consumable items. Broad commercial consideration or size of the order is Rs 25.69 crore and is to be executed within 1 year.
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