has received a ₹1,816.65 crore excise demand order from the Commissioner of Central Tax and Central Excise, Kochi, the company said on Monday. This includes an excise duty demand of Rs 476.94 crore, in addition to applicable interest of Rs 1,339.70 crore and a penalty of Rs 95,000. BPCL will analyse and file an appeal against the order before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT).
The board of has approved the development of a 330-room luxury hotel with 36,255 sq. ft. of commercial/retail space at Madhapur, Hyderabad, at a total investment of ₹632.80 crore (including the security deposit), funded via internal accruals and debt, with operations targeted for FY2029. This aligns with Chalet’s expansion strategy in key markets. The envisaged Hotel is being developed as part of a building premises, which will be available on a warm-shell lease. Once operational, this shall be the Company’s third hotel in Hyderabad.
has received approval from the European Commission for its biosimilar ranibizumab, Ranluspec™ (for vials and pre-filled syringes), following the Committee for Medicinal Products for Human Use’s recent positive opinion.
and Vizhinjam International Seaport Ltd, a Government of Kerala undertaking, have signed a non-binding and non-exclusive Memorandum of Understanding (MoU) at Thiruvananthapuram for the development of a Container Freight Station (CFS) in the vicinity of Vizhinjam International Seaport, Thiruvananthapuram, Kerala.
Telecom & IT stocks
has joined the consortium of a Department of Telecommunications (DoT)-funded research project led by the Indian Institute of Technology, Delhi (IIT Delhi), focused on advancing hollow-core fibre (HCF) technology for next-generation communication networks. The project aims to develop novel optical fibre technologies relevant to future 6G and quantum communication systems. As a consortium partner, HFCL will contribute industry expertise, manufacturing perspective, and application insights to support the translational aspects of the research.
Covidh Technologies Ltd has executed a non-binding Letter of Intent with iSERA Biological Ltd, setting out the broad terms and conditions for the proposed acquisition by the company of a 100% equity shareholding in iSERA. The proposed acquisition is subject to the execution of definitive agreements, completion of satisfactory due diligence, receipt of necessary regulatory, statutory, and shareholders’ approvals, and fulfilment of the agreed conditions precedent. Upon completion of the proposed transaction, iSERA Biological Limited shall become a wholly owned subsidiary of the Company.
a leading provider of end-to-end IT solutions with deep expertise in e-Governance, secure digital platforms, and large-scale public sector programs, has been selected by the FSSAI for a strategic digital transformation engagement. The Food Safety and Standards Authority of India (FSSAI) is the apex food regulatory authority under the Ministry of Health & Family Welfare, Government of India, responsible for protecting and promoting public health through regulation and supervision of food safety. Under the current mandate, Silver Touch will be a Managed Service Provider (MSP) for Application Development, Enhancement, Operations & Maintenance of FSSAI Portals and Applications.
Fractal (www.fractal.ai), a publicly listed global enterprise AI company, has announced the launch of PiEvolve, an evolutionary, agentic engine designed for autonomous machine learning and scientific discovery. PiEvolve by Fractal ranks among the top-performing agents on OpenAI’s MLE-Bench, a benchmark that evaluates how effectively AI systems can solve real-world machine learning challenges. It is the first evaluated agent to surpass 60 per cent in Overall Medal Rate and 80 per cent in MLE-Bench-Lite performance, crossing thresholds widely viewed as significant milestones in autonomous machine learning.
Order wins
Signpost India has won exclusive outdoor advertising rights on key Kolkata streets under the “Kolkata Streetscape Renaissance” PPP project from the Kolkata Municipal Corporation. Signpost commits ₹16.38 crore annual fixed revenue to the authority (5 per cent escalation every 3 years), projecting over ₹250 crore total (incl. State GST) over 10 years (extendable by 2 years), with gross ad revenue ₹450 crore.
NBCC (India) Ltd has been awarded a contract worth approximately ₹76.27 crore (excluding GST) from Dharanidhar University in Keonjhar, Odisha. The project covers the construction of an academic building, a hostel building, other infrastructure facilities, and external development works. Classified as a Project Management Consultancy (PMC), it involves a domestic client with no disclosed completion timeline.
Waaree Energies has secured a one-time domestic order for supplying 500 MW of solar modules to a renowned solar power developer and Independent Power Producer (IPP). Supply is scheduled across FY 2026-27.
Yash Innoventures Ltd is advancing a real estate development project estimated at approximately ₹120 crore. The company has acquired 24 residential flats via registered sale deeds as part of land aggregation for the project. On February 21, 2026, it secured Non-Agricultural (NA) permission from the competent authority for the land.
Maharashtra Krishna Valley Development Corporation, Pune, has declared a Mumbai based infrastructure company, Patel Engineering Ltd along with its JV partners, as Lowest Bidder (L1) for a Rs133.25 crore contract for the works involving construction of head works, pump houses, switch yards, rising mains, delivery chambers, and installation of pumping machinery, together with allied civil, mechanical, and electrical works. It also encompasses the development of a closed-pipe distribution system under the Tasgaon Lift Irrigation Scheme and the Guruvarya Late Laxmanraoji Inamdar Lift Irrigation Scheme. The project is to be completed in 48 months.
Prostarm Info Systems has received a Letter of Acceptance from South Eastern Railway for the supply, Installation, and Erection of a solar power plant at SRC Jurisdiction (Phase 2) for 12 Months from the date of issue of the LOA at ₹13.43 crore.
Lineage Power Private Ltd, a Material Subsidiary of Pace Digitek Ltd, has received a Purchase Order worth ₹158.71 crore (Including GST) from Reliance Industries Limited to supply Battery Packs of Li-ion 48V 15S1P 314 AH.