Indian Bank has informed stock exchanges that it proposes to divest up to 15,00,000 equity shares of National Stock Exchange of India Limited (NSE), constituting 17.91% of the bank’s holding in NSE, through an offer for sale (OFS) as part of the exchange’s proposed initial public offering (IPO).
Hindustan Zinc signs EV truck deal
Hindustan Zinc Ltd, the world’s largest integrated zinc producer and among the top ten silver producers globally, has signed a six-year transportation contract with MFL India Ltd for the deployment of 30 electric trucks for concentrate transportation, accelerating the electrification of its mine-to-smelter logistics network. MFL India Limited is a logistics solutions provider focused on enabling reliable, efficient, and sustainable movement of materials across critical industries.
Enviro Infra gets ₹224-crore wind project
Enviro Infra Engineers Ltd, a leading EPC company in water and wastewater treatment, through its subsidiary Suyog Urja Ltd, has received a Letter of Intent (LOI) from Tata Power Renewable Energy Limited (TPREL) for the execution of EPC turnkey works for the development of a 180 MW NTPC Wind Power Project at Parli, Maharashtra. The LOI has a contract value of ₹224.19 crore and is to be executed by March 31, 2027. The scope of work encompasses Wind Turbine Generator (WTG) foundation works, Balance of Plant (BoP) works, and 33 kV transmission line works. The WTG foundation package includes civil foundation works for 58 WTGs, along with associated reinforcement steel and geotechnical requirements.
Wipro launches CISO Command Centre
Wipro Ltd has announced the launch of its Chief Information Security Officer (CISO) Command Centre, in collaboration with CrowdStrike (NASDAQ: CRWD). The Command Centre rewires enterprise security for frontier AI-accelerated risks, creating proactive, risk-informed cyber resilience aligned to business priorities.
MCX, IAMAI form innovation council
Multi Commodity Exchange of India Ltd. (MCX) and the Internet and Mobile Association of India (IAMAI) have signed a Memorandum of Understanding (MoU) to constitute a Commodity Markets Innovation Council (CMIC) at the Global Fintech Fest (GFF).
Aditya Infotech reports ₹28-crore fire damage
Aditya Infotech Limited has announced a fire incident at the manufacturing facility of its material subsidiary, AIL Dixon Technologies Pvt Ltd. The estimated damage—encompassing raw materials, finished goods, testing equipment, and other items—is anticipated to be approximately ₹28 crore. The full extent and precise financial impact will be finalised following a complete formal assessment. Aditya Infotech confirmed that the facility and its assets are adequately covered by insurance, and it has already formally notified the insurance provider. The estimated damage—encompassing raw materials, finished goods, testing equipment, and other items—is expected to be approximately ₹28 crore. The full extent and precise financial impact will be finalised following a complete formal assessment. Aditya Infotech confirmed that the facility and its assets are adequately covered by insurance, and it has already formally notified the insurance provider.
Dilip Buildcon gets ₹1,800-crore LPG pipeline opportunity
Dilip Buildcon Ltd has received a Letter of Intent (LOI) from the Petroleum and Natural Gas Regulatory Board (PNGRB) to lay, build, operate, or expand a petroleum and petroleum product (LPG) pipeline stretching from Paradip, Odisha, to Raipur, Chhattisgarh. Engineering, Procurement, and Construction (EPC) works will be awarded to Dilip Buildcon Limited, representing an opportunity valued at approximately ₹1,800.00 crore (excluding GST). The authorisation grants PNGRB an exclusive license to act as the authorised entity for developing the LPG transportation pipeline infrastructure.
Niyogin, Sammaan plan ₹500-crore portfolio
Niyogin Fintech Ltd, a technology-led financial services platform serving India’s underserved MSMEs, has announced the intent to enter into a potential strategic partnership with Sammaan Capital Ltd, under which Sammaan will explore extending credit facilities and undertake periodic portfolio buyouts from the Company. Niyogin and Sammaan intend to build a portfolio of up to Rs. 500 crore together over the next 36 months as the Company scales credit delivery through its embedded distribution network across rural and urban India. This understanding is non-binding, subject to mutual agreement, may be revised from time to time, and is subject to regulatory approvals and definitive agreements.
Shakti Pumps gets ₹236-crore Maharashtra order
Shakti Pumps (India) Ltd has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited for 10,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) pumps of 3 HP, 5 HP, and 7.5 HP for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Yojana. The total value of the 10,000 pumps is around Rs. 235.92 crore (inclusive of GST), to be executed within 60 days of issuance of the work order/NTP.
ICICI Prudential AMC gets RBI approvals
ICICI Bank has confirmed receiving regulatory approvals from the Reserve Bank of India (RBI) on behalf of ICICI Prudential Asset Management Company Ltd to acquire an “aggregate holding” of up to 9.95% of the paid-up share capital or voting rights in CSB Bank, DCB Bank Ltd, Kotak Mahindra Bank Ltd and AU Small Finance Bank Ltd.
Cummins India to showcase solutions at bauma CONEXPO
Cummins India Limited, one of the leading power solutions technology providers, will showcase its globally advanced solutions portfolio at bauma CONEXPO India from September 15-18 at India Expo Centre & Mart, Greater Noida. Through its integrated portfolio spanning power generation, power distribution, energy storage, and aftermarket solutions, Cummins will demonstrate how it helps customers meet evolving power requirements while maximising reliability, operational efficiency, equipment uptime, and lifecycle value.