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ITD Cementation Secures Major Rs 893 Crore Contract for Odisha Jetty Project
ITD Cementation India Limited, a leading engineering and construction firm, has secured a significant contract worth Rs 893 crore (including GST) for the construction of a Berth & Breakwater as part of a Greenfield Captive Jetty project in Odisha. This project underscores the company’s expertise in maritime infrastructure and reinforces its reputation as a key player in India’s heavy civil engineering sector.
Strengthening India’s Maritime Infrastructure
The new contract aligns with ITD Cementation’s core business operations and highlights its capability to deliver large-scale infrastructure projects. With nearly nine decades of experience, the company has a proven track record in constructing critical assets such as ports, mass transit systems, airports, and hydroelectric power facilities. This project in Odisha will further enhance the region’s logistics and trade capabilities, supporting economic growth.
A Legacy of Excellence
ITD Cementation India Limited has been a pioneer in engineering and construction, specializing in maritime structures, tunnels, dams, highways, and industrial projects. The company’s commitment to quality and innovation continues to drive its success in India’s infrastructure development. This latest contract reaffirms its position as a trusted partner for complex, high-value projects.
MTAR Technologies Secures ₹19.2 Crore Orders in Clean Energy and Aerospace
Hyderabad, June 9, 2025 – MTAR Technologies Limited has announced new order wins worth ₹19.2 crores across the Clean Energy and Aerospace sectors, reaffirming its leadership in high-tech engineering solutions.
Strong Order Book in Clean Energy Sector
The company secured ₹17.8 crores worth of orders in the Clean Energy sector, including ₹4.7 crores for the development of new products. Upon successful execution, these projects are expected to generate recurring revenue of ₹10 crores annually, underscoring MTAR’s ability to create long-term value through innovation and customer-centric engineering.
Growth in Aerospace Sector
MTAR also received ₹1.4 crores of fresh orders in the Aerospace segment from its domestic partners, further strengthening its position in this high-precision, mission-critical industry. The company continues to build on decades-long relationships with both Indian institutions and global OEMs.
A Legacy of Excellence
With nine strategically located manufacturing facilities in Hyderabad, including export-oriented units, MTAR caters to civil nuclear, fuel cells, defense, and space applications. Its recent wins reflect a robust growth strategy focused on product development and global expansion, reinforcing MTAR’s mission of building the nation with exceptional engineering
L&T Wins Significant Order for Bhavali Pumped Storage Project
Mumbai, June 9, 2025 – Larsen & Toubro’s Heavy Civil Infrastructure (HCI) division has secured a significant order from JSW Energy for the Bhavali Pumped Storage Project (PSP) in Maharashtra. This project, located across the Nashik and Thane districts, will have a total installed capacity of 1500 MW, playing a critical role in India’s renewable energy infrastructure.
Scope of the Project
The order covers comprehensive civil works, including construction of approach roads, upper and lower reservoirs, water conductor systems, pressure tunnels, and an underground powerhouse. L&T’s responsibilities extend across the entire civil execution, highlighting its leadership in handling large-scale hydroelectric projects.
Strategic Importance
Pumped storage projects like Bhavali are essential for maintaining grid stability as India increases its dependence on variable renewable energy sources such as solar and wind. This win underscores L&T’s commitment to enabling India’s energy transition and showcases its proven expertise in delivering complex infrastructure solutions.
Company Overview
L&T, a $30 billion Indian multinational, is a leading player in EPC projects, manufacturing, and services. With over eight decades of industry presence, the company is renowned for its focus on quality and customer satisfaction across multiple global markets.
KPIL Secures ₹3,789 Crore Worth of New Orders
Mumbai, June 9, 2025 – Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and civil infrastructure sectors, has announced new order wins worth ₹3,789 crores, highlighting its growing footprint and project execution strength.
Record-Breaking Order in Buildings & Factories Segment
Among the secured contracts is KPIL’s largest-ever order in the Buildings & Factories (B&F) business. The order involves the development of over 12 million square feet of residential buildings, complete with associated facilities, on a design-and-build basis. This monumental win reflects KPIL’s enhanced competitiveness and capability in delivering large-scale construction projects.
Power T&D Orders in Overseas Markets
KPIL also bagged new power transmission and distribution (T&D) contracts in international markets, further strengthening its global presence. The company continues to be a strong player in over 75 countries, executing projects across power, water, oil & gas, railways, and urban mobility sectors.
Leadership Perspective
Commenting on the achievement, MD & CEO Manish Mohnot expressed pride in the company’s evolving ability to win sizable projects, crediting years of strategic investment in capex and execution skills. This success reinforces KPIL’s position as a global EPC leader with a robust and diversified order book
Ericsson Secures Multi-Year Managed Services Deal with Bharti Airtel
New Delhi, June 9, 2025 – Bharti Airtel has signed a significant multi-year Managed Services agreement with Ericsson, reinforcing their 25-year partnership and commitment to delivering high-performance network services across India.
Cutting-Edge Network Operations
Under this agreement, Ericsson will manage Airtel’s pan-India network through its AI-powered, intent-based centralized Network Operations Center (NOC). This includes services across Airtel’s 4G, 5G NSA, 5G SA, Fixed Wireless Access (FWA), Private Networks, and Network Slicing.
The partnership aims to create a future-ready network to meet the rapidly increasing demand for digital services across India. Ericsson’s advanced NOC will support Airtel’s goals of delivering seamless connectivity and enhancing customer experience.
Empowering India’s Digital Future
Randeep Sekhon, CTO of Bharti Airtel, highlighted the collaboration’s role in enabling a digitally connected India. Andres Vicente of Ericsson emphasized the use of intent-based operations to unlock new service opportunities and revenue streams for Airtel.
About Airtel
Bharti Airtel is India’s leading integrated communication solutions provider with over 550 million customers across 15 countries. Its offerings span mobile broadband, fiber, digital entertainment, cloud services, IoT, and cybersecurity—making it a key enabler of digital transformation in India and Africa.
JSW Steel Reports 8% YoY Growth in Crude Steel Production for May 2025
Mumbai, June 9, 2025 – JSW Steel has announced consolidated crude steel production of 22.73 lakh tonnes for May 2025, marking an 8% year-on-year increase. The year-to-date production has reached 47.56 lakh tonnes, up 13% from the previous year.
Strong Domestic Output Despite Maintenance
The Indian operations contributed 21.94 lakh tonnes, reflecting a 9% YoY growth. The performance comes despite a planned maintenance shutdown of a blast furnace at Dolvi, which resumed operations on May 30. Capacity utilization stood at 80% for the month.
Expansion and Global Presence
JSW Steel continues to expand its global presence, with its U.S. (Ohio) unit contributing 0.79 lakh tonnes. The company is on track to increase its consolidated steel capacity to 43.4 MTPA over the next three years, further cementing its position as India’s leading steel manufacturer.
Sustainability and Recognition
A recognized leader in sustainability, JSW Steel has earned accolades including the World Steel Association’s Sustainability Champion title (2019–2025) and top rankings in global indices. Its ambitious decarbonization targets include achieving net-zero emissions by 2050 and powering all steel-making operations with renewable energy by 2030.
Sprayking Subsidiary Secures ₹5.2 Crore Brass Billet Order
Jamnagar, June 9, 2025 – Sprayking Limited, formerly known as Sprayking Agro Equipment Limited, announced that its subsidiary Narmadesh Brass Industries Limited has secured a significant purchase order worth approximately ₹52 million for the supply of brass billets.
Order Awarded by International Client
The contract has been awarded by Green Metals FZCO, an international entity. This order reaffirms Sprayking’s growing global footprint in the brass component manufacturing sector. The company is expected to complete the delivery within 45 days of the purchase agreement, highlighting its strong operational efficiency and timely execution capabilities.
Strategic Growth in Brass Component Export
This order highlights Sprayking’s consistent growth in the export market as a reputed manufacturer and exporter of brass forged and turned components. Based in Jamnagar, Gujarat, Sprayking has built a solid foundation in precision engineering, serving clients globally with reliable, high-quality brass components.
Focused on Transparency and Compliance
The company has disclosed the order details in compliance with SEBI Regulation 30 norms, showcasing its commitment to corporate governance and transparency. With no related party involvement or promoter interest in the awarding entity, this deal strengthens the credibility of Sprayking’s expanding global business.
DEE Development Engineers Enters Green Hydrogen Sector with Strategic Global Partnership
New Delhi, June 9, 2025 – DEE Development Engineers Limited (DDEL), a leader in process piping solutions, has announced a strategic partnership with an international clean-tech partner to co-develop and execute green hydrogen production system projects in India and Thailand.
MoU to Drive Modular Green Hydrogen Projects
The partnership is formalized through a Memorandum of Understanding (MoU), under which both companies will co-develop containerized and modular green hydrogen projects. While the clean-tech partner brings global expertise in electrolysers, separators, and purification systems, DDEL contributes its execution strength and ultra-pure hydrogen manufacturing capabilities, achieving up to 99.9999% purity.
Alignment with India’s Green Hydrogen Mission
This collaboration directly supports India’s National Green Hydrogen Mission and Thailand’s clean energy goals. DDEL will handle marketing, regulatory clearances, and after-sales support, while the international partner will supply core systems and technical support, creating a well-rounded ecosystem for hydrogen infrastructure.
Strategic Acquisition Boosts Capability
DDEL recently acquired a majority stake in Molsieve Designs Limited, enhancing its technological base and production capacity in hydrogen purification. The alliance positions DDEL to play a vital role in India’s clean energy transition and reinforces its commitment to sustainable infrastructure and long-term shareholder value.
Poonawalla Fincorp Launches Industry-First 24/7 Digital Business Loans for MSMEs
Mumbai, June 9, 2025 – Poonawalla Fincorp Limited (PFL), a leading NBFC promoted by the Cyrus Poonawalla Group, has launched Business Loan 24/7, an innovative, fully digital loan offering designed specifically for micro, small, and medium enterprises (MSMEs).
Instant, Paperless Business Loans
The Business Loan 24/7 platform delivers instant approval and end-to-end digital onboarding using Straight Through Processing (STP). This eliminates the need for physical paperwork or branch visits, offering MSMEs a quick, secure, and convenient borrowing experience.
Tech-Powered Risk Assessment
Leveraging India’s digital public infrastructure—including credit bureaus, GST data, and account aggregators—PFL’s model assesses creditworthiness using real-time, digitized information. This enhances credit decisions and ensures responsible lending to growth-oriented MSMEs.
Expanding Access Across India
With plans to cater to MSMEs across Tier 1, Tier 2, and Tier 3 cities, the loan targets sectors such as retail, trade, services, and manufacturing. The move follows the success of a similar 24/7 digital product for salaried professionals.
PFL aims to build a risk-calibrated lending portfolio over the next few quarters, positioning itself as a market leader in digital MSME lending and creating long-term competitive advantage in India’s $4 trillion economy.
Aurionpro’s iCashpro Secures Major Win in Sri Lanka
Mumbai, June 9, 2025 – Aurionpro Solutions Limited has strengthened its presence in South Asia with a strategic deal in Sri Lanka. A leading Sri Lankan bank, listed in The Banker’s Top 1000 World Banks, has selected Aurionpro’s advanced iCashpro platform for its digital transformation.
Multi-Year Deal to Drive Banking Innovation
The multi-year engagement, valued at over USD 2.5 million, includes licensing, implementation, maintenance, and support of the iCashpro platform. The solution will integrate AI enhancements from Arya.ai and specialized tools from Fintra, aligning with the bank’s long-term goals to modernize its transaction banking services.
iCashpro: Future-Ready Transaction Banking
iCashpro is a next-generation transaction banking platform designed for corporate banking excellence. It enhances cash visibility, speeds up time-to-market, reduces operational costs, and delivers a consistent client experience across customer segments. With this win, Aurionpro has achieved its seventh major competitive deal in Asia within a few quarters.
Commitment to Regional Growth
Sandeep Chiber, EVP at Aurionpro, emphasized that the increasing digitization across the banking sector is driving demand for such intelligent solutions. This deal reinforces Aurionpro’s position as a preferred partner for digital banking transformation in Asia, powered by enterprise AI and deep financial expertise.
Mukta A2 Cinemas Unveils ‘Opulence’: A New Era of Luxury Movie-Going in Vadodara
A Premium Cinema Experience
Mukta A2 Cinemas has launched its first-ever luxury format, ‘Opulence,’ in Vadodara, redefining the movie-watching experience. Located at The Emperor Mall, this four-screen multiplex boasts 528 premium seats, including recliners, loungers, and couple’s beds, all finished in rich leather. The cinema is equipped with cutting-edge technology like 2K laser projection, Dolby Atmos sound, and immersive 3D, ensuring top-tier audiovisual quality for every film.
Grand Opening with Dignitaries
The grand inauguration was graced by Smt. Pinki Ben Soni, Hon’ble Mayor of Vadodara, and Shree Yogesh Bhai Patel, Hon’ble MLA. The launch coincided with the nationwide release of the highly anticipated Bollywood film Housefull 5, adding to the excitement. Rahul Puri, Managing Director of Mukta A2 Cinemas, emphasized that ‘Opulence’ is designed for film lovers who seek unparalleled comfort and luxury.
Gourmet Food and Ambience
Beyond the screens, ‘Opulence’ offers a gourmet food and beverage menu featuring fresh snacks, pizzas, and a variety of beverages. The lobby and dining areas are styled with sleek counters and ambient lighting, complementing the cinema’s premium vibe.
A New Destination for Movie Lovers
Situated near VCA Ground on Vasna-Bhayli Road, ‘Opulence’ is set to become Vadodara’s go-to destination for a high-end cinematic experience. Whether for a family outing, a friends’ weekend, or a special date, Mukta A2 Cinemas promises an unforgettable experience.
With this launch, Mukta Arts Limited continues to expand its footprint, now controlling approximately 100 screens across its subsidiaries and joint ventures.
Power & Instrumentation (Guj.) Limited Secures Major Work Order for Udaipur Air Terminal
Key Project Details
Power & Instrumentation (Guj.) Limited (PIGL) has announced the receipt of a significant work order worth Rs. 1,32,74,718/- (including GST) from Nyati Engineering & Construction Private Limited. The contract involves the design, supply, installation, testing, and commissioning of ELV raceways and cable tray systems at the Udaipur Air Terminal in Rajasthan. This project underscores PIGL’s expertise in critical infrastructure development.
Project Timeline and Scope
The company is tasked with completing the project within 6 months from the effective date of the contract. The scope includes full execution of the work, ensuring the facility is operational as per the agreed schedule. This tight timeline highlights PIGL’s capability to deliver high-quality solutions efficiently.
Regulatory Compliance and Transparency
PIGL has formally disclosed this material information to The National Stock Exchange of India Limited (NSE) and BSE Limited under SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The disclosure confirms that the order is a domestic transaction and not a related-party deal, ensuring transparency for investors and stakeholders.
Birla Estates Secures INR 420 Crores Investment from IFC
Birla Estates Private Limited, a wholly-owned subsidiary of Aditya Birla Real Estate Limited, has secured a USD 50 million (INR 420 crores) investment from the International Finance Corporation (IFC), a World Bank Group member. This funding will accelerate two major residential projects in Pune (INR 148 crores, 3.13 mn sq. ft) and Thane (INR 272 crores, 6.43 mn sq. ft), developed through Special Purpose Vehicles (SPVs) with a 56:44 ownership split between Birla Estates and IFC.
The investment underscores Birla Estates’ commitment to sustainable, high-quality housing while supporting India’s urban development and net-zero goals. Mr. K. T. Jithendran, MD & CEO, highlighted the partnership’s role in scaling responsibly, while IFC’s Imad N. Fakhoury emphasized its potential to bridge India’s housing gap and create jobs.
Recently, Birla Estates launched 5 projects across NCR, Bengaluru, and Pune, marking its strongest sales quarter. With a growing portfolio—including Grade-A commercial spaces in Mumbai—the company aims to rank among India’s top real estate developers by 2030.
This strategic alliance with IFC strengthens Birla Estates’ market position and reinforces its vision for sustainable urban living.
HCLTech Expands Its Footprint in Kerala with New Delivery Center
HCLTech Inaugurates Second Delivery Center in Thiruvananthapuram
HCLTech, a global leader in technology solutions, has launched its second delivery center in Kerala, India, located at Technopark in Thiruvananthapuram. This facility will focus on delivering cutting-edge projects in AI, GenAI, Cloud, and other emerging technologies to clients across various industries. The inauguration was attended by key dignitaries, including government officials and representatives from Allianz Technology, highlighting the center’s strategic importance.
Strengthening Kerala’s IT Ecosystem
Following the success of its Kochi center, HCLTech’s new Thiruvananthapuram facility underscores its commitment to fostering innovation and creating career opportunities for local IT professionals. The company aims to drive skill development and technological advancement in the region, aligning with Kerala’s growing reputation as an IT hub.
Protean eGov Technologies Wins INR 100 Crore Strategic Work Order from Bima Sugam India Federation
Protean eGov Technologies Limited has secured a significant work order valued at approximately INR 100 crore from the Bima Sugam India Federation (BSIF). Awarded on June 9, 2025, this contract follows a competitive RFP process and underscores Protean’s role as a trusted technology partner in India’s Digital Public Infrastructure (DPI) initiatives.
Strategic Role in Bima Sugam Marketplace
As the Technology Solution Provider, Protean will oversee the end-to-end development, implementation, and maintenance of the Bima Sugam Marketplace. This unified digital platform aims to revolutionize India’s insurance ecosystem by serving as a nationwide marketplace for insurance products and services. The project includes platform integrations and marketplace protocols, further solidifying Protean’s expertise in large-scale, citizen-centric digital systems.
Key Contract Details
The contract spans 72 months and involves no related party transactions, ensuring transparency. BSIF, a not-for-profit entity, governs this ambitious initiative, which aligns with India’s vision for inclusive digital transformation.
Strengthening Digital India
This win highlights Protean’s continued leadership in enabling critical national-scale digital solutions. The company’s legacy of delivering robust technology platforms positions it as a key player in India’s DPI journey.
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