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Bharat Forge, Texmaco Rail & Engineering and Rail Vikas Nigam to see some action today
Jun-22-2026

Bharat Forge has signed a Rs 425 crore contract with the Ministry of Defence (MoD), India, for the supply of Gas Turbine Generators (GTGs) to Indian Navy (IN) for onboard power generation on Kolkata class ships. The contract will be executed over a period of 5 years. Rated at 1.25 MW, the new GTGs will replace the lower capacity units currently in service onboard. Awarded under the Buy (Indian) category of the Defence Acquisition Procedure 2020 (DAP-2020), the contract marks the company's entry into the marine gas turbine (GT) business - and will deliver the first indigenous GT-based power plant to operate aboard Indian Naval ships.

Texmaco Rail & Engineering has secured Letter of Intent (LoI) worth Rs 253.28 crore (including taxes) from JSW (South) Rail Logistics. The LoI is for manufacture and supply of BFNSM1 Rakes along with BVCM Wagons. The order is to be executed within 13.5 months from the effective or date of commencement of works. 

Rail Vikas Nigam has received Letter of Award (LoA) worth Rs 2977 crore (including GST at 18%) from NMDC. The LoA is for setting up of buffer stockpiles & blending yard of 10 MTPA handling capacity at Vizag, Andhra Pradesh. The order is to be executed within 42 months.

Power Mech Projects has secured an order worth Rs 1,008.90 crore (inclusive of GST) from JSW Thermal Energy. The order is for the civil & structural works of BTG Area for 2x800 MW Thermal Power Project at Salboni, West Bengal. The order is to be executed within 36 months from the effective or date of commencement of works. 

Amber Enterprises India’s material subsidiary -- IL JIN Electronics (India) (IL JIN) has acquired an additional 37.50% equity stake in Ascent Circuits (Ascent), a subsidiary of IL JIN and a step-down subsidiary of the company on June 19 2026, for a total purchase consideration of around Rs 328 crore. Consequent to the aforesaid acquisition, IL JIN’s shareholding in Ascent has increased from 60% to 97.50%.

Kirloskar Oil Engines (KOEL) has secured a significant order from HyperNext, a next-generation digital infrastructure company focused on delivering hyperscale-ready, AI-enabled data center solutions. The order comprises 192 MW, 96 units of the company’s 2500 kVA Optiprime Dual Core power systems, representing one of the largest deployments of high-capacity standby power systems for data centres in India. The deployment will support HyperNext's mission to build resilient, scalable, and energy-efficient digital infrastructure capable of meeting the rapidly growing demands of cloud computing, artificial intelligence, and mission-critical enterprise workloads.

Divgi Torqtransfer Systems (Divgi TTS) has secured a strategic order from an existing leading Indian Original Equipment Manufacturer (OEM). Under this program, Divgi TTS will supply Interactive Torque Management (ITM) Assemblies, Electronic Control Units (ECU) and Power Transfer Unit (PTU) Assemblies for the OEM's upcoming All-Wheel Drive (AWD) variants of its mid-sized and full-sized SUV vehicle models. The program entails annual supply of around 6,000 units of ITM Assemblies, ECUs and PTU Assemblies, for a period of five years, with start of production expected from Q1FY28.

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