RailTel Corporation of India Ltd has been awarded a significant telecom and digital connectivity contract valued at ₹145.47 crore by Eastern Coalfields Ltd (ECL). This development enhances RailTel’s standing as a key technology partner for major public sector enterprises. The company received the Letter of Acceptance (LoA) on April 27, 2026, as per a regulatory disclosure under SEBI guidelines. The contract entails the provision of advanced telecom network services and managed bandwidth solutions to support ECL’s operational framework. The project is set to be executed over five years, with an anticipated completion date of May 2, 2031.
In other corporate news, Samvardhana Motherson International Ltd (SAMIL) has disclosed the acquisition of a 51% equity stake in Nissin Advanced Coating Indo Co. Pvt Ltd (Nissin India) from Nissin Electric Co. Ltd of Japan. This acquisition, valued at ₹9.23 crore, will enable SAMIL to own 100% of Nissin India’s equity capital, split between SAMIL and its subsidiary, Samvardhana Motherson Innovative Solutions Ltd, with shares held at 51% and 49%, respectively. Nissin India specializes in thin film coating services and provides fine coating Physical Vapor Deposition (PVD) systems.
Mahindra & Mahindra has finalized a share purchase agreement to acquire an additional 28.03% stake in Carnot Technologies from its promoters. Following this acquisition, Mahindra’s total holding in Carnot will rise to 80.72% of the paid-up equity share capital, equating to 89% in terms of voting rights. This deal is expected to unlock the long-term potential of precision farming and telematics technology, with Carnot remaining a subsidiary of Mahindra.
Tata Consultancy Services has entered into two Memorandums of Understanding (MoUs) with Siemens Energy AG and Siemens Energy India Ltd. These agreements aim to deepen their strategic collaboration in IT services, digital and industrial AI initiatives, data centers, and other emerging technologies. The partnership is poised to foster innovation, bolster operational resilience, and promote sustainable growth within the energy technology sector.
Vipul Organics, a notable player in specialty chemicals for pigments and dyes, has announced that its unit, AdiMem Technologies, has commenced commercial sales of membranes. This achievement marks a significant milestone shortly after showcasing its advancements at IFAT India 2025. The company is transitioning from a pilot phase to full-scale manufacturing of Reverse Osmosis (RO) and Ultrafiltration (UF) membranes at its facility in Sayakha, Gujarat, utilizing proprietary Reverse Phase Transition technology to produce high-performance membranes. AdiMem Technologies is recognized as India’s first fully indigenous manufacturer of membranes.
The board at Jindal Saw has approved plans to establish an additional plant in the Kingdom of Saudi Arabia (KSA) for a large-diameter submerged arc welded (LSAW) pipe project, responding to a surge in demand. This approval entails setting up a Helically Spiral Welded (HSAW) pipe initiative through Jindal Saw’s joint venture with Buhur Altavision Co.
Izmo Microsystems, a wholly owned subsidiary of Izmo Ltd, announced its role as the official Photonic IC Packaging Partner in a significant project led by the Centre for Programmable Photonic Integrated Circuits and Systems (CPPICS) at IIT Madras.
SK Minerals & Additives Ltd reported a consolidated order book totaling around ₹63.10 crore, reflecting robust market confidence and implementation capabilities.
Huwel Lifesciences, in collaboration with Avio Smart Market Stack Ltd (ASMS), has kicked off a strategic international expansion initiative by partnering with a Singapore-based commercialization entity. This partnership seeks to enhance market access and promote business growth across Southeast Asia, targeting key markets including Singapore, Indonesia, Malaysia, Thailand, Vietnam, and the Philippines, which are characterized by growing healthcare investments and expanding laboratory infrastructure.
In financial developments, Marine Electricals (India) has secured orders totaling ₹70.86 crore (excluding taxes). The company has been contracted by Princeton Digital Group (India) Management for the supply of a power distribution system, with deliveries scheduled over a span of 7 to 9 months. Additionally, Marine Electricals will provide panels to C Torq Marine Services L.L.C, with a delivery timeframe extending to 21 months.
Published on April 28, 2026.
