Press Release – Page 4 – THE ECONOMIC INDIA

16 Jul

Sotefin Bharat Limited IPO Opens on Thursday, July 16, 2026

Shruti JoshiBusiness, Press Release

Mumbai (Maharashtra) [India], July 16: Sotefin Bharat Limited, a Turnkey Provider of Robotic & Automated Parking Solutions, proposes to open its Initial Public Offering on Thursday, July 16, 2026 aiming to raise ₹ 89.76 Crore (At Upper Price Band), with shares to be listed on the BSE SME platform. The issue size is upto 48,00,000 equity shares with a face value of ₹ 10 each with a price band of ₹ 178 – ₹ 187 Per Share. Equity Share Allocation QIB Anchor Portion – Upto 13,68,000 Equity Shares Net QIB Portion – Upto 9,12,000 Equity Shares Non-Institutional Investors – Not less than 6,84,000 Equity Shares Individual Investors –…

15 Jul

MVK Agro’s Rs. 275 Crore Expansion; Company Targets Rs. 650-700 Crore Revenue Run-Rate by FY28 – Angel One

Shruti JoshiBusiness, Press ReleaseMVK Agro

Angel One report highlights ethanol, CBG, cogeneration and soybean processing projects as key long-term growth drivers Nanded (Maharashtra), July 15: MVK Agro Food Product Ltd’s (NSE- MVKAGRO), ongoing transformation into an integrated sugar, ethanol and clean energy company has received attention in the latest management interaction report published by Angel One, which highlights the company’s ambitious expansion plans and future growth roadmap. According to the Angel One Management Interaction Report following discussions with the company’s management, MVK Agro is executing a Rs.275 crore integrated sugar, ethanol and compressed biogas (CBG) expansion project that has been accorded “Mega Project” status by…

14 Jul

Chandan Healthcare Limited Q1 FY27 Operational Update: Operating Income Up 35.64% YoY to ₹48.67 Cr; Pharmacy Up 13.69% YoY to ₹32.33 Cr

Shruti JoshiBusiness, Press Release

Lucknow (Uttar Pradesh) [India], July 14: Chandan Healthcare Limited (NSE – CHANDAN), – Chandan Healthcare Limited, one of India’s leading diagnostic healthcare providers with a rapidly expanding pan-India presence, today announced its operational update for the quarter ended June 30, 2026. Chandan Healthcare Limited reported unaudited operating income of ₹48.67 Cr in Q1 FY27, compared with ₹35.88 Cr in Q1 FY26, registering a healthy 35.64% year-on-year growth. Its material subsidiary, Chandan Pharmacy Limited, reported unaudited operating income of ₹32.33 Cr in Q1 FY27, compared with ₹28.43 Cr in Q1 FY26, representing a 13.69% year-on-year growth. The growth in operating income was supported by healthy traction across the Company’s B2B, B2C and Government business…

14 Jul

Bootstrapped Indian Footwear Brand BERSACHE Targets ₹500 Crore Revenue with Expansion Across Hypermarkets, Offline Retail & Distribution Network

Shruti JoshiBusiness, Press Release

New Delhi [India], July 14: BERSACHE, a proudly bootstrapped Indian footwear brand, has announced its next phase of growth with an ambitious target of ₹500 crore in annual revenue. The company is rapidly expanding its footprint through leading hypermarkets, offline retail stores, a growing distributor network, Quick-commerce and e-commerce platforms, making the brand accessible to customers across India. Built without any external funding, BERSACHE has grown through customer trust, efficient operations, and a commitment to delivering stylish, comfortable, and affordable footwear. The company continues to reinvest its profits into expanding manufacturing capabilities, strengthening its supply chain, and building a nationwide retail presence.…

14 Jul

ixigo Launches Free Mumbai Metro Ticket Campaign: Monsoon Commutes, Made More Rewarding

Shruti JoshiBusiness, Press Release

Mumbai (Maharashtra) [India], July 14: ixigo Trains, India’s leading AI-powered train ticketing platform, has announced a special offer for Mumbai Metro commuters, enabling users to claim two free Mumbai Metro tickets every month through the ixigo Trains app. The offer went live on 13 July and is available to both new and existing ixigo Trains users. Under the limited-period offer, ixigo Trains users can avail two Mumbai Metro Ticket every month as a combination offer. Users can get up to two free Mumbai Metro tickets every month (worth up to Rs.70 each), making everyday metro travel smarter, more affordable, convenient and rewarding. As Mumbai enters the peak…

14 Jul

Sathlokhar Synergys E&C Global Limited Wins ₹74.85 Cr (Including GST) EPC Order; FY27 Order Book Stand at ₹1015.18 Cr (Excluding GST)

Shruti JoshiBusiness, Press Release

Chennai (Tamil Nadu) [India], July 13: Sathlokhar Synergys E&C Global Limited (NSE: SSEGL), one of the leading EPC players, providing end-to-end turnkey execution across design, civil works, PEB structures, MEP systems, solar installations, and interior fit-outs, has secured a new industrial infrastructure project. Project Details Clients: Grand Atlantia Panapakkam SEZ Developers Private Limited (Taiwan backed Hong Fu Industrial Group). Project: Industrial Manufacturing Facility Location: SIPCOT Park, Panapakkam, Ranipet, Tamil Nadu Scope of Work: Civil, Electrical & Firefighting Works Order Value: ₹74.85 Cr (Including GST) Execution Timeline: Completion by December 2026 Order Book The company’s confirmed order book for FY2026-27 now stands at ₹1,015.18 Cr (Excluding GST),…

14 Jul

Faalcon Concepts Secures ₹101.93 Crore Mega Order for Splendor ONYX Project in Noida

Shruti JoshiBusiness, Press Release

New Delhi [India], July 14: Faalcon Concepts Limited, a leading façade and fenestration solutions company, has secured a landmark work order worth ₹101.93 crore from Splendor Information Technology Private Limited for its commercial project, Splendor ONYX, located in Sector 142, Noida, Uttar Pradesh. The order involves the design, fabrication, supply and installation of aluminium glazing façade systems for the premium commercial development. The project is scheduled to be executed over a period of three years, with billing linked to material delivery and project milestones. The new order is significant as its value is more than three times the company’s standalone revenue of ₹30.01 crore…

13 Jul

Adisoft Technologies Q1 FY27 Revenue up 78% YoY to ₹30.61 Crore; Order Book and Pipeline crosses ₹96 Crore

Shruti JoshiBusiness, Press Release

Pune (Maharashtra) [India], July 13: Adisoft Technologies Limited (NSE: ADISOFT) continued to strengthen its growth trajectory during Q1 FY27, supported by customer diversification, continued investments in industrial automation capabilities, and the successful completion of its NSE Emerge listing. With increasing adoption of smart manufacturing across industries, the Company remains well positioned to capitalize on emerging opportunities. Business Highlights Performance Snapshot Revenue: ₹30.61 crore in Q1 FY27 vs. ₹17.20 crore in Q1 FY26 (78% YoY Growth). Strengthening Order Visibility Unexecuted order book of ~₹ 40.10 crore Active order pipeline of ~₹ 56.23 crore Key Developments in Q1 FY27 Successfully listed on…

11 Jul

ECKO Hotels & Resorts Opens Its First Property in Western India with the Launch of ECKO Hotel, Nashik

Shruti JoshiBusiness, Press Release

ECKO Hotel Nashik, located on the Mumbai–Agra National Highway, offers easy access to the city’s business hub, spiritual landmarks, and popular leisure destinations. Nashik, (Maharashtra) [India], July 11: ECKO Hotels & Resorts, one of India’s fastest-growing hospitality brands, today announced the opening of ECKO Hotel, Nashik – its first property in Western India and a significant milestone in the brand’s national expansion strategy. Situated on the Mumbai – Agra National Highway near the Ambad Industrial Corridor, ECKO Hotel Nashik is purpose-built for the modern business traveller. The hotel features 42 thoughtfully designed rooms and suites – Standard, Premium, Executive Suite,…

10 Jul

Vivid Electromech Limited Strengthens Data Centre Footprint with Rs. 30.13 Cr Order from STT Global Data Centres India

Shruti JoshiBusiness, Press Release

Mumbai (Maharashtra) [India], July 10: Vivid Electromech Limited (NSE: VIVIDEL), a leading player in the power supply, traction, and electro-mechanical systems space, has announced that the Company has received amendments to the purchase orders from STT Global Data Centres India Private Limited for the project ‘SITC of PDU and DWDM Panel for NMDC02’. The aggregate value of the original purchase orders, together with the amendments, stands at ₹30.13 Cr (excluding GST). Key Highlights of the Order: Name of the entity awarding the order: STT Global Data Centres India Private Limited Scope of work: SITC of PDU and DWDM Panel for NMDC02 Nature…