KEC International Ltd., a leading global infrastructure EPC firm and part of the RPG Group, has announced the acquisition of new orders totaling ₹1,174 crores for Transmission and Distribution projects in India and the Middle East. This includes 800 kV HVDC and 765 kV transmission lines from a prominent private developer in India, as well as 380 kV transmission lines in Saudi Arabia.
KFin Technologies has finalized a $34.68 million investment in Ascent Fund Services (Singapore) Pte. Ltd., acquiring a 51% controlling stake to become the sole promoter. Ascent is recognized as one of the fastest-growing global fund administrators, posting a three-year CAGR of 33% and generating revenue of $17.5 million for the fiscal year ending July 31, 2025. The firm operates in 18 regions and manages over $26 billion in assets for more than 640 global alternative investment funds as of the same date.
Tiger Logistics (India) Limited, a prominent indigenous international logistics provider, has entered into a Memorandum of Understanding (MoU) with H2 Invest Limited Liability Company, a Russian firm specializing in hydrogen technologies. This partnership will focus on the infrastructure for the transportation and storage of liquid hydrogen in India.
Lloyds Engineering Works Limited (LEWL) has also signed a MoU with Poland-based FlyFocus Sp. z o.o. to collaboratively introduce advanced First Person View (FPV) drones intended for India’s defense and security sectors.
Oil India Ltd has successfully completed the mechanical phase of its Numaligarh–Siliguri Product Pipeline (NSPL) project, increasing its transportation capacity from 1.72 MMTPA to 5.5 MMTPA. This achievement is part of the broader Numaligarh Refinery Expansion Project, which aims to boost refinery capacity from 3 MMTPA to 9 MMTPA, thereby enhancing OIL’s midstream infrastructure to meet the growing demand for petroleum products in India.
Lodha Developers has acquired a 100% stake in Chaitanya Bilva Private Ltd (CBPL) for ₹499.61 crore, making CBPL its wholly owned subsidiary. This acquisition adds a prime land parcel of approximately 8.37 acres in Bengaluru to Lodha’s portfolio. CBPL, established on November 17, 2021, focuses on the development and construction of residential real estate projects.
In a separate development, the joint venture between Aditya Birla Real Estate and Grasim Industries, known as Birla Advanced Knits Private Limited (BAKPL), is set to cease operations due to financial non-viability. The assets, including all plant and machinery, are to be sold to RSWM Limited for ₹54.11 crore. Effective October 13, 2025, the closure follows an investment of ₹114 crore in the fiscal year 2024-25, with economic disadvantages and high operational costs cited as primary reasons for the shutdown.
Published on October 14, 2025.
