Engineering Firms

Kalyani Forge's CFO Laxmi Narayan Patra resigns due to personal reasons

Forging company Kalyani Forge on Friday said its Chief Financial Officer (CFO) Laxmi Narayan Patra has resigned. His resignation is effective from April 6, 2023. "CFO Laxmi Narayan Patra has tendered his resignation due to personal reasons," the company said in a regulatory filing. Kalyani Forge is an engineering company with an expertise in metal forming. It makes forged, machined and assembled products for customers in industries like automotive, construction, power generation, marine, railway, and industrial goods.

Siemens scaling new heights on strong performance, govt's infra thrust

Decent upside in the stock given that most analysts are positive with target prices ranging Rs 3,250-3,800

E&C sector on solid ground; FY24 likely to see outperformance

Despite outperformance, sector stocks have a potential upside of 15-25% in the next 12 months

We see strong double-digit topline growth in FY23: Tata Projects MD

Vinayak Pai, who took over as the top man in the firm this July, dwells on the existing and prospective projects, and the future roadmap of the company

BEML's demerged non-core businesses entity's listing in one month

The BEML's demerged non-core businesses entity, BEM Land Assets Ltd, is expected to be listed in the next one month, a step toward divestment of the engineering major. The government seeks strategic divestment of 26 per cent post BEML demerger process of non-core assets. "Listing of demerged land company will be in a month's time. The valuation process is on. After listing, disinvestment process will be started," BEML chairman and managing director Amit Banerjee said. He was speaking on the sidelines of CII-organized Global Mining Summit 2022. He told PTI that the main assets of the demerged entity will be some total 550 acre of prime land in Bangalore and Mysore. The existing BEML shareholders have been given shares in the new demerged entity in a 1:1 ratio. State-owned BEML was focusing on defence and the metro railway business. Banerjee also mentioned that BEML, which currently has a 90 per cent localisation rate for defense trucks, in light of the government's outlook on mak

Harsha Engineers soars 47% on debut after strong demand for shares in IPO

At the last close, the company was valued at Rs 4,424 crore

Harsha Engineers makes strong debut, lists at 36% premium to issue price

Post listing, the stock moved 45 per cent higher to Rs 480 on the NSE and BSE, as against its issue price of Rs 330 per share.

Siemens hits new high on record order book, market-cap crosses Rs 1 trn

The company not experiencing a slowing down in public and private capex spending; however, concerned about global headwinds impacting demand which could result in a slowdown in Capex spending.

Azad Engineering to set up third manufacturing plant, to invest Rs 500 cr

The company said it plans to invest the money over the next three years on this plant

Thyssenkrupp bags Rs 1,150-cr contract from NRL for expansion project

The private firm said NRL has awarded an engineering, procurement and construction (EPC) contract to it

Kilburn Engineering MD Subir Chaki hacked to death in Kolkata

The bodies of Chaki (61) and his driver Rabin Mondal (65) were found with multiple stab injuries on their neck, legs and back at an ancestral building owned by the businessman on Sunday night

KEC International bags orders worth Rs 1,157 cr across various businesses

Engineering, procurement and construction major KEC International Ltd on Tuesday said it has bagged orders worth Rs 1,157 crore across its various businesses. In the transmission and distribution segment, the RPG Group company bagged orders worth Rs 663 crore for projects in the Middle East, Africa, and the Americas, KEC International said in a filing to the BSE. In the railways segment, it has orders of Rs 220 crore for 2 x 25 kilovolts (kV) overhead electrification and associated works for speed up-gradation in India. In the civil segment, "the business has secured an order of Rs 173 crore for construction of a new airport terminal building and associated works in southern India." In the cables business, it has secured orders of Rs 101 crore for various types of cables in India and overseas. "We are pleased with the new orders secured across our business verticals. The orders in T&D (transmission and distribution), especially in the Middle East region will enable us to further .

Sansera IPO to open on Sep 14; price band set at Rs 734-744/share

The initial public offering (IPO) is entirely an offer for sale (OFS) of 17,244,328 equity shares by promoters and investors

BHEL's loss narrows to Rs 1,036 crore in Q4 on higher revenues

Total income during January-March 2021 rose to Rs 7,245.16 crore, from Rs 5,166.64 crore in the year-ago period

Engineering firms see great value in building, maintaining data centres

Industry data suggests the market size for engineering opportunities in the data centre space is $2.7 bn and expected to be $4 bn by 2024

Engineering firms flock to data centre biz, see opportunities worth $2.7 bn

Typical of engineering companies, data centres are being targeted for two kinds of opportunities

Czech firms aim to grow India footprint riding on engineering manufacturing

Country is partner nation at the upcoming 7th International Engineering Sourcing Show in Chennai