Ashoka Buildcon has secured Letter of Acceptance (LoA) for a project worth around Rs 602.16 crore (incl. GST) from Rail Vikas Nigam. The project involves supply, erection, testing & commissioning of electro mechanical (E&M) system comprising of 33/11kv & 11/0.433kv GIS Substations, HT & LT Cables, DG Sets, Lighting, Ups System, Ventilation Systems & Fire Fighting Systems and other associated works for Tunnel T-13, T-14, T-15 & T-16 under package E-4 Of Rishikesh Karnprayag New BG Rail Line Project in the State of Uttarakhand. The project completion period is of 30 months from date of commencement.
NBCC (India) and NHPC have signed memorandum of understanding (MoU) for execution of NHPC's infrastructure projects across India, including residential blocks, residential/commercial infrastructure, office complexes and allied facilities at a PMC Fees of 5.5%.
Muthoot Microfin has secured approval to raise up to Rs 250 crore through issuance of secured, rated, listed, redeemable, non-convertible debentures (NCDs). The Debenture Issue and Allotment Committee of the company, at its meeting held on August 28, 2026, has approved the issuance of up to 2,50,000 NCDs, having face value of Rs 10,000 each, on private placement basis. The NCDs will carry a coupon rate of 9.25% per annum and have a tenure of 24 month. The Deemed Date of Allotment for the NCDs is September 8,2026. The NCDs are proposed to be listed on BSE.
Axiscades Technologies has received approval for the acquisition of 90% of the equity share capital of Cloud Wave Technologies (Cloud Wave), a Bengaluru-based Company which operates in the precision engineering and manufacturing industry, for cash consideration of approximately Rs 234 crore at an enterprise valuation of approximately Rs 260 crore (subject to the finalization of accounts and adjustments as set out under the definitive agreements).
Power Grid Corporation of India has acquired Fatehgarh II Transmission, the Project SPV to establish Inter-State Transmission system for Installation of 2 Nos. of Synchronous Condensers (SynCon) units at 765/400/220kV Fatehgarh-II PS, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator- PFC Consulting (PFCCL). The project comprises installation & commissioning of 2 number of Synchronous Condensers (SynCon) at Fatehgarh-II PS along with associated bays.
Excelsoft Technologies has incorporated Wholly Owned Subsidiary (WOS) in Canada on August 27, 2026, under the name and style of ‘Excelsoft Technologies Canada’. The said WOS has been incorporated to facilitate the company’s business operations and support its expansion in the Canadian and broader North American markets. The activities of the Canadian company are aligned with and complementary to the principal business activities of the company and are expected to strengthen its presence and business opportunities in the region.
Avantel has received a contract worth Rs 117.88 crore (inclusive of applicable taxes) from the Defence Research and Development Organisation (DRDO), Ministry of Defence, Government of India. The contract is for the development, installation & commission of ground segment hub for voice & data communication. The contract is to be executed by February 2029.
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