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MoneyWorks4Me

NIS Management, Hindustan Aeronautics and GPT Infraprojects to see some action today

05 Oct 2026 Evaluate

NIS Management’s subsidiary -- NIS Facility Management Services has bagged a work order from the West Bengal Police Housing and Infrastructure Development Corporation for Supplying, Installing, Testing and Commissioning of CCTV Surveillance System at different locations at Pandua, Hooghly Sadar Subdivision under MP LAD Scheme. The total value of the work order is Rs 53.15 lakh.

Hindustan Aeronautics (HAL) has entered into an agreement for acquisition of 50% stake in HATSOFF Helicopter Training i.e., 3,84,04,205 equity shares each with a face value of Rs 10 from CAE, Canada, at NIL consideration. HATSOFF is operating as a 50:50 Joint Venture between HAL and CAE, Canada to impart military and civil Helicopter pilot training through operation of simulators. Upon transfer of the above referred shares, HATSOFF will be converted from a Joint Venture Company to a 100% wholly-owned subsidiary of HAL. The line of business of HATSOFF aligns with the main line of business of HAL. The said transaction is expected to be completed tentatively within 60 days from the date of signing the Share Transfer Agreement (STA).

GPT Infraprojects’ wholly owned subsidiary -- Alcon Builders and Engineers has bagged contract from Western Railway, S & T, Ahmedabad Division for Design, Supply, Installation, Programming, Testing and commissioning of Electronic Interlocking (E.I) system in connection with Viramgam Upgradation of Indoor Signalling equipment by Electronic Interlocking system of Ahmedabad Division. The contract is valued at Rs 21.21 crore including GST (Rs 17.97 crore excluding GST) and is to be executed within 18 months from LOA.  

Atul Auto has invested Rs 18.34 crore by way of subscription of 91,40,000 equity share capital of its wholly-owned subsidiary namely Khushbu Auto Finance (KAFL), on right basis. The said shares have been allotted on September 30, 2026. With this investment, the total investment made by the company in KAFL stands to Rs 96.15 crore. Currently, Atul Auto is holding 100% share capital of KAFL and with the current investment, Atul Auto’s shareholding parentage in KAFL will remain unchanged.

Juniper Green Energy’s wholly owned subsidiary -- Juniper Green Stellar has commissioned 15.5 MW Wind Power capacity forming part of its 200 MW Firm and Dispatchable Renewable Energy Project at the project site on October 1, 2026. With the commissioning of the aforesaid capacity, the company’s capacity under this project stands at 368.95 MWp and around 201 MWh BESS out of total planned capacity of 550.6 MWp and around 201 MWh BESS. 

ADF Foods (ADF) has signed an Engineering, Procurement and Construction (EPC) contract with CleanMax Enviro Energy Solutions (CleanMax) to install a 950 KWp rooftop solar power plant at its manufacturing facility at Surat, Gujarat. The plant will be owned by ADF under the CAPEX model. The plant is expected to meet around 46% of the Surat facility's energy requirements through renewable power generated and consumed on site. Commissioning is targeted by end of this year. The project is in addition to the 2 MW hybrid wind and solar power purchase agreement signed earlier this year for ADF's Nadiad facility, extending the company's renewable energy initiatives to Surat.

Transformers and Rectifiers (India) has received large order from Gujarat Energy Transmission Corporation (GETCO) for manufacturing and supply of 80 MVAR, 125 MVAR Shunt Reactors 500MVA Auto Transformers and its related work. The order is classified as large order, which valued in the range of Rs 100 crore to Rs 500 crore (excluding of GST). The order is to be executed within 24 to 30 months.