Engineering

The Government of India has unveiled plans to divest a 5% equity stake in Bharat Heavy Electricals Ltd. (BHEL) through an Offer for Sale (OFS) at a floor price of Rs. 254 per share. The transaction forms part of the Centre’s broader disinvestment strategy aimed at strengthening public finances and enhancing market participation in state-run enterprises. The move is expected to improve stock liquidity and deepen retail and institutional ownership in the engineering major.

Elecon Engineering Co. Ltd. reported a notable contraction in profitability for the third quarter, with net profit declining 33 percent year-on-year to Rs. 72 crore. The subdued performance reflects a combination of margin pressure, cost inflation, and moderation in execution pace across key segments. While revenues remained supported by a healthy order book and steady demand from core industries, profitability was impacted by higher operating expenses and pricing constraints.

Vikran Engineering has won a landmark solar order worth Rs 2,000 crore, marking a significant milestone in India’s renewable energy expansion. The contract, covering the design, supply, and installation of large-scale solar infrastructure, positions the company as a key player in the country’s energy transition. Industry analysts view the order as a validation of Vikran’s technical capabilities and its capacity to handle mega projects. The development not only bolsters the company’s revenue outlook but also reflects growing government and corporate focus on sustainable energy solutions.

Global engineering powerhouse Rolls-Royce Holdings plc is deepening its strategic engagement with India, positioning the country as one of its core home markets in the coming decade. The company’s growing focus on India reflects its confidence in the nation’s expanding aerospace, defense, and clean energy ecosystem. With a strong presence in engineering, digital services, and advanced manufacturing, Rolls-Royce is exploring opportunities for deeper collaborations with Indian partners.

Behari Lal Engineering, a prominent industrial equipment manufacturer, has filed draft papers with SEBI to launch its initial public offering (IPO). The company plans to raise capital to fund capacity expansion, modernize facilities, and strengthen its financial position. With expertise in supplying specialized machinery for sectors such as oil and gas, power, and process industries, the firm aims to leverage the IPO to scale operations and enhance market presence.

Engineering giant Larsen & Toubro (L&T) has been awarded a significant contract for India’s ambitious bullet train project, marking another milestone in the nation’s high-speed rail journey. The order, valued in the thousands of crores, reflects the company’s strong execution capability and India’s determination to modernize its transport infrastructure. This development strengthens L&T’s position as a leading player in large-scale infrastructure projects while signaling progress in one of the most transformative mobility initiatives in India’s history.

Bharat Heavy Electricals Limited (BHEL) has been entrusted with supplying the advanced KAVACH train collision-avoidance systems to Indian Railways, marking a significant step in modernizing the nation’s railway safety infrastructure. The project underscores India’s commitment to adopting cutting-edge technology to enhance operational efficiency and passenger security. KAVACH, an indigenously developed automatic train protection system, is designed to prevent collisions, signal passing at danger, and over-speeding, thereby improving overall rail safety.

Engineering, procurement, and construction (EPC) firms in India are expected to register a 9–11% revenue expansion in FY26, according to a recent assessment by Crisil. The growth projection is underpinned by a robust pipeline of government infrastructure projects, particularly in roads, railways, and urban development, as well as sustained capital expenditure by the private sector.

Vikran Engineering Ltd. has successfully raised Rs. 231.6 crore through anchor investors ahead of its upcoming initial public offering (IPO). The pre-IPO allocation signals strong institutional confidence in the company’s fundamentals and growth potential. Scheduled to open for subscription later this week, the IPO is expected to draw attention from both retail and institutional investors. Proceeds from the issue will be directed toward debt reduction, funding working capital requirements, and supporting business expansion.

Shree Refrigerations Ltd., a company specializing in engineering solutions and refrigeration systems, has been awarded a Rs. 106.62 crore contract by Hindustan Shipyard Ltd. (HSL). The agreement is aimed at supplying and installing advanced refrigeration and climate-control systems for defense and marine applications. This win marks a significant milestone for the company, strengthening its presence in the defense infrastructure sector and underscoring the government’s emphasis on promoting domestic capabilities under the “Atmanirbhar Bharat” initiative.