Engineering

Engineering and construction major Larsen & Toubro (L&T) has won an “ultra mega” order from Adani Power to develop two massive thermal power units with a combined generation capacity of 6,400 megawatts. The contract marks one of the largest in L&T’s power sector portfolio, reinforcing the company’s position as a key player in large-scale energy infrastructure. This project is expected to significantly expand Adani Power’s generation capabilities and contribute to meeting India’s growing electricity demand.

Patel Engineering Ltd. recorded a consolidated net profit of ₹75 crore for the first quarter of FY2025, marking a 56% increase from ₹48 crore in the same period last year. The performance was driven by improved execution of large-scale infrastructure projects, a healthy order pipeline, and disciplined cost management. Revenue growth was supported by ongoing developments in irrigation, tunneling, and hydropower segments, reflecting the company’s strategic alignment with India’s infrastructure expansion.

M&B Engineering Limited is set to open its Initial Public Offering (IPO) on July 30, aiming to raise Rs. 650 crore from the primary market. The offering is expected to include both fresh equity issuance and an offer for sale by existing shareholders. Proceeds from the IPO will be used for capacity enhancement, debt reduction, and strategic expansion initiatives. The company's strong positioning in industrial engineering services, combined with favorable sector dynamics and robust investor appetite, sets the stage for a promising market debut.

Transrail Lighting, a prominent engineering, procurement, and construction (EPC) player in India’s power transmission and distribution landscape, is aggressively scaling operations with the goal of capturing an 8–10% share of Power Grid Corporation of India’s FY26 project allocations. The company is capitalizing on robust infrastructure investment, an expanding international footprint across 59 countries, and a strong unexecuted order book exceeding Rs. 15,900 crore.