Business – Page 26 – THE ECONOMIC INDIA

12 Oct

Ravita Engineering Services Limited IPO Opens on October 13, 2026

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Mumbai (Maharashtra) [India], October 12: Ravita Engineering Services Limited is engaged in EPIC and O&M solutions for HVAC systems, temperature-control systems and allied electro-mechanical equipment, proposes to open its Initial Public Offering on Tuesday, October 13, 2026 aiming to raise ₹ 116.05 Crore (At Upper Price Band), with shares to be listed on the NSE Emerge platform. Total Issue Size – Up to 1,03,62,000 Equity Shares of ₹ 5 each IPO Size – ₹ 116.05 Crore (At Upper Price Band) Price Band – ₹ 105 – ₹ 112 Per Share Lot Size – 1,200 Equity Shares (*Bids Can Be Made…

12 Oct

Steel Exchange India Limited Clocks Approximately ~₹340 Crore Revenue in Q2 FY27, up ~45% YoY and ~25% QoQ, Driven by Record Re-bar Production

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VISAKHAPATNAM (Andhra Pradesh) [India], October 12: Steel Exchange India Limited (NSE: STEELXIND | BSE: 534748), one of South India’s leading integrated steel manufacturers and the company behind the SIMHADRI TMT brand, has shared a business update for Q2 FY27 with the stock exchanges ahead of its financial results. The update points to strong momentum, powered by record production and improving operating efficiencies – a significant step forward in the Company’s turnaround journey. Key Business Highlights – Q2 FY27 (Provisional): Robust Revenue Growth: Provisional consolidated revenue of approximately ₹340 Crore, up ~45% YoY and ~25% QoQ, on the back of strong…

12 Oct

Maiden Forgings H1 FY27 Revenue from Operations Grows ~16% YoY to ~₹127 Cr; Sales Volume Rises ~14.20% YoY

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New Delhi [India], October 12: Maiden Forgings Limited (BSE: 543874), A manufacturer of bright steel bars, wires and pneumatic nails, witnessed continued business momentum during H1 FY27. The Company achieved Revenue from Operations of approx. ₹127 Cr, representing growth of approx. 16% YoY. Total sales volumes stood at approx. 19,239.35 MT, reflecting growth of approx. 14.20% YoY. H1 FY27 Operational Highlights New Bhojpur Facility Commences Operations Commenced operations at the new Bhojpur manufacturing facility in July 2026, completing Phase I of the Company’s Unit II consolidation. The consolidation is expected to improve production workflows and delivery timelines while generating minimum estimated…

12 Oct

Current Infraprojects Limited Secures Rs 44.76 Cr Solar EPC & O&M Order from Jaipur Vidyut Vitran Nigam Limited

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Jaipur (Rajasthan) [India], October 12: Current Infraprojects Limited (NSE: CURRENT), one of the leading solar power infrastructure companies, is pleased to announce that the company has received a ₹44.76 Cr Letter of Award from JVVNL for design, supply, installation, testing and commissioning of 1.1 kWp rooftop solar systems for 8,000 consumers under PM-Surya Ghar: Muft Bijli Yojana, with execution to be completed within 6 months. Order Details: Awarded by: Jaipur Vidyut Vitran Nigam Limited (JVVNL) Scope of work: Design, Engineering, Supply, Installation, Testing & Commissioning of grid-connected rooftop solar plants for 8,000 consumers, each with a 1.1 kWp system, through…

12 Oct

SEPC Limited MD Signs Rs 854.57 Crore Contract with SAIL-IISCO Steel Plant at Contract Signing Ceremony in Burnpur; Consolidated Order Book Crosses Rs 10,000 Crore

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Chennai (Tamil Nadu) [India], October 12: SEPC Limited (NSE: SEPC | BSE: 532945), a leading EPC company with established expertise in industrial infrastructure, process plants, water and wastewater management, has announced the signing of the Contract Agreement with Steel Authority of India Limited (SAIL) for the Pellet Plant BOP including Civil & Structural works (Pellet Plant Package-2) at SAIL-IISCO Steel Plant (ISP), Burnpur, West Bengal. The contract, with a project value of ₹854.57 Crore, was formally signed on October 8, 2026, and follows the Letter of Acceptance received by the Company from SAIL-ISP in August 2026. The Contract Agreement was…

12 Oct

Lord’s Mark Industries Limited Acquires Radio Electric Private Limited, Combining, Engineering Heritage with New Growth Opportunities

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New Delhi [India], October 12: Lord’s Mark Industries Limited has acquired Radio Electric Private Limited, the company behind the established Radiotone brand, as part of its strategic expansion into specialised electrical manufacturing and engineering. The acquisition has been undertaken under Lord’s Mark Industries Limited’s Lighting & Energy Division. The acquisition marks a strategic expansion of Lord’s Mark Industries Limited into specialised electrical manufacturing and strengthens its vision of building a diversified, technology-led Indian enterprise through the acquisition and scaling of established businesses with strong technical capabilities and long-term growth potential. Founded in 1939, Radio Electric Private Limited brings nearly nine…

10 Oct

Steel Exchange India Limited Achieves Highest-Ever Re-Bar Production in September 2026 and for the Quarter Ended September 30, 2026

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Visakhapatnam (Andhra Pradesh) [India], October 10: Steel Exchange India Limited (NSE: STEELXIND | BSE: 534748) has achieved its highest-ever monthly and quarterly production of Re-Bars in its Rolling Mill since inception, with production of 25,095.035 Metric Tonnes (MT) during the month of September 2026 and 69,617.424 MT during the quarter ended September 30, 2026. The achievement follows the successful commissioning and operationalisation of the Reheating Furnace (RHF), which has strengthened the Company’s production capabilities and supported higher Rolling Mill utilisation. The monthly production of 25,095.035 MT in September 2026 surpassed the previous highest monthly production of 24,823.509 MT recorded in…

10 Oct

Struggling to Showcase Your Property Professionally? View On Click Offers Photography, Videography and Drone Services Under One Roof in Noida and Delhi NCR

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Noida (Uttar Pradesh) [India], October 9: Presenting a property to potential buyers, tenants or business clients is not always as simple as taking a few photographs and sharing them on WhatsApp. Property owners and real-estate professionals often spend considerable time arranging photographers, coordinating videographers, finding drone operators and following up for the final images and videos. Despite all these efforts, the final presentation may still fail to capture the property’s actual appeal. For property owners, builders, real-estate agents and commercial property managers in Noida and Delhi NCR, creating a professional property presentation can become a time-consuming task. Recognising this challenge,…

10 Oct

Swastika Infra Limited Secures Rs 615.76 Cr Order from MSEDCL

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ADB-funded project in Bhandup Zone of Mumbai is ~1.2x FY26 revenue, marks entry into Maharashtra and lifts unexecuted order book to ~ ₹1,400 crores Jaipur (Rajasthan) [India], October 10: Swastika Infra Limited (BSE: 544949 | NSE: SWASTIKAIN) (“Swastika Infra” or the “Company”), one of the leading EPC player in the Power Transmission & Distribution (T&D) and Renewable sector, has secured a Letter of Award (LOA) worth approximately ₹615.76 crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the Development of Distribution Infrastructure & System Strengthening works at Bhandup Zone, Maharashtra. This is the largest single order in Swastika Infra’s…

10 Oct

Garmin India Launches Screen-Free CIRQA Smart Band

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Daily health, sleep and fitness tracking with up to 10 days of battery life and no Screen no subscription. New Delhi [India], October 10: Garmin India launched CIRQA, the screen-free health and fitness smart band, on 6 October 2026, on its official website, www.garmin-india.com. The band is priced at ₹29,990, with an introductory offer price of ₹25,990. CIRQA offers up to 10 days of battery life and comes in four colors—Black, French Grey, Mauve and Captain Blue—with S/M and L/XL size options. Health, sleep, activity and recovery information can be viewed in the Garmin Connect smartphone app, without a mandatory…