The board of Wipro, a leading IT company, has approved a buyback proposal amounting to Rs 15,000 crore through the tender route. According to the proposal, Wipro plans to repurchase up to 60 million fully paid-up equity shares, with a face value of Rs 2 each, at a price of Rs 250 per share. This buyback represents 5.7 percent of the company’s total paid-up equity share capital, and the promoters have indicated their intention to participate in the offer.
In a separate development, Petrobras, as the operator of the BM-SEAL-11 consortium, has approved the Final Investment Decision (FID) for the SEAP-I Project, which focuses on the development of oil and gas resources in the BM-SEAL-11 concession located in Brazil. IBV Brasil Petróleo Ltd (IBV), in which Bharat Petroleum Corporation Limited (BPCL) holds a 65.40% equity stake through its wholly owned subsidiary Bharat PetroResources Ltd. (BPRL), possesses a 40% participating interest in this concession, while Petrobras retains a 60% interest.
Shriram Polytech Ltd., a subsidiary of DCM Shriram, has formed a joint venture with Teknor Apex B.V., a subsidiary of Teknor Apex Company, a global leader in plastic materials. The new joint venture, operating under the brand name PolyTek, aims to enhance DCM Shriram’s polymer compounds portfolio and foster international partnerships in high-growth sectors. By leveraging Shriram Polytech’s capabilities in vinyl compounds along with Teknor Apex’s global formulation expertise, the joint venture aims to deliver advanced specialty polymer solutions for various industrial applications.
KPI Green Energy has received an Inter-State Power Trading License (Category IV) from the Central Electricity Regulatory Commission (CERC). This marks a significant milestone in the company’s evolution towards a more integrated renewable energy platform. The license allows KPI to engage in electricity trading across state lines, facilitating participation in India’s national power markets and aligning its power sales strategy with regional demand.
Pace Digitek Ltd, along with its subsidiaries, reported order inflows of ₹6,459.7 crore for FY2026, primarily driven by robust performance in its energy segment. The energy sector contributed ₹58,147 million, while telecom accounted for ₹6,450 crore. This order inflow underscores the company’s increasing involvement in Battery Energy Storage Systems (BESS) and renewable-linked opportunities, positioning it favorably for India’s energy transition.
DCX Systems has received a purchase order for the manufacture and supply of Transmitter Receiver Modules from IAI-ELTA Systems Limited in Israel, valued at approximately ₹9.30 crore.
Meanwhile, MosChip Technologies’ board has approved acquiring a 73% stake in Vayavya Labs Private Limited (VLPL), aiming to strengthen its software-led engineering capabilities and expand its presence in the automotive and semiconductor software sectors.
Rail Vikas Nigam Limited was identified as the Lowest Bidder (L1) for a project commissioned by East Coast Railway, with the order valued at ₹967.99 crore, which includes 18% GST.
HR Food Processing Private Limited, a subsidiary of Dodla Dairy Limited, has been allocated 7.15 acres of land in Dumaria, Bihar, on a 90-year lease from the Bihar Industrial Area Development Authority (BIADA). The site will be used to manufacture milk and various dairy products including Dahi, Paneer, Lassi, Butter, Ghee, Flavored Milk, and Milk Sweets.
Aditya Infotech Ltd, the parent company of security brand CP PLUS, has signed a definitive Joint Venture Agreement with Orient Cables (India) Ltd to focus on electric cables, terminated assemblies, connectors, and allied products for the security and connectivity sectors, collaborating in a 50:50 partnership.
Refex Industries Ltd has secured an order for the transportation of pond ash to National Highways Authority of India (NHAI) Public Works Department road construction sites. The order is valued at ₹32.45 crore, inclusive of GST.
Rishabh Instruments, a global provider of energy efficiency solutions, announced that its wholly owned subsidiary, Lumel SA, has received an additional order valued at €3 million (approximately ₹30 crore) from a German energy sector client. This order involves the supply of advanced electronic devices for industrial automation applications and extends through the end of 2027, with potential for renewal based on project requirements, showcasing the continued confidence in Lumel SA’s capabilities.
Published on April 17, 2026.
