The government on Monday announced the offloading of up to 6 per cent of Hindustan Copper Limited (HCL). This is expected to fetch around Rs 3,000 crore. “Government of India offers to divest 3 per cent equity in Hindustan Copper Limited (HCL) through an Offer for Sale (OFS), with an option to divest an additional 3 per cent (green shoe) in case of oversubscription,” Arunish Chawla, Secretary in the Department of Investment and Public Asset Management (DIPAM), said in a social media post. Further, the floor price has been fixed at Rs 514. “10 per cent of the offer is reserved for retail investors, with an additional 25,000 shares reserved for eligible employees,” Chawla added.Ecofinity Atomix approves preferential issueThe board of Ecofinity Atomix Ltd (formerly known as Aryavan Enterprise Ltd) has approved a proposal to raise funds by issuing up to 23,90,000 Equity Warrants, each with a face value of ₹10, on a preferential basis, aggregating to ₹2,39,00,000. The preferential allotment will be made to 17 investors spanning both Promoter and Non-Promoter/Public categories.TCS and Porsche expand AI partnershipTata Consultancy Services (TCS) has announced a strategic partnership with Porsche AG to enable AI services across Porsche’s mobility value chain. A five-year strategic deal from Porsche reinforces the partnership. As part of the deal, TCS will establish a dedicated AI Mobility Centre of Excellence for Porsche to drive innovation across manufacturing, engineering, operations and customer experience. TCS, through its subsidiary, will acquire 100% of MHP Management- und IT-Beratung GmbH (MHP), Porsche’s Germany-based management and IT consulting subsidiary. The proposed partnership and acquisition remain subject to regulatory approvals.IDFC First Bank prices $350 million bondIDFC First Bank Ltd has successfully priced its benchmark $350 million 5-year Senior Notes. This 5-year bond pricing follows closely after the bank’s maiden $500 million benchmark-sized 3-year international bond issuance priced on August 18, 2026, which was subsequently upsized by $100 million to $600 million on August 19. The bank noted that both issuances received strong demand from marquee global institutional investors, reflecting confidence in its franchise and financial strength.Axis Bank to redeem $600 million AT1 notesAxis Bank Ltd has announced its decision to exercise the Call Option in respect of its 4.10 per cent Additional Tier 1 Notes aggregating to $600,000,000. Originally issued on September 8, 2021, under the Offering Circular dated August 19, 2021, the entire outstanding principal amount of these notes will be redeemed in full on the First Call Date, scheduled for September 8, 2026. The redemption will be executed at 100 per cent par value, along with accrued and unpaid interest up to, but excluding, the redemption date. Following the redemption date, interest on the called notes will cease to accrue. The record date for the redemption is set as the close of business on the business day before the redemption date.Krystal Integrated Services wins Maharashtra orderKrystal Integrated Services Limited has received a new commercial work order from the Maharashtra Rajya Sahakari Sangh Maryadit, Pune. The scope of work involves providing comprehensive workforce services across various districts in Maharashtra. The total consideration for the contract is approximately ₹17.25 crore (excluding applicable taxes).Fujiyama Power Systems expands battery capacityThe board of Fujiyama Power Systems Ltd has approved two major capacity expansion initiatives to scale its energy storage manufacturing operations. Lithium Batteries Capacity Enhancement: Approval for an enhancement of 1 GWh in Lithium Batteries manufacturing capacity at the company’s Ratlam Plant located in Madhya Pradesh.Refex Industries bags ₹33.70-crore contractsRefex Industries Ltd has secured two new domestic commercial contracts aggregating to ₹33.70 crore. The contracts, awarded by an entity based in Telangana, cover fly ash handling operations and a Loading & Transportation Contract, which covers the loading and transportation of fly ash, with a total consideration of approximately ₹32.78 crore (inclusive of GST).S&S Power Switchgear gets Hitachi Energy orderS&S Power Switchgear Limited’s wholly owned subsidiary, S&S Power Switchgear Equipment Limited (SSPSE), has received a new purchase order from Hitachi Energy India Ltd. The contract involves the supply of isolators for the Dilip Buildcon Karnataka project package. The broad value of the purchase order is estimated to be over ₹8 crore to ₹10 crore.Dhaksha Unmanned Systems opens new facilityDhaksha Unmanned Systems Private Limited, a subsidiary of Coromandel International Limited, has inaugurated its new manufacturing facility in the Aymicheri region of Kancheepuram, Tamil Nadu. The facility was inaugurated by Arun Alagappan, Executive Chairman of Coromandel International Limited, marking an important step in strengthening India’s indigenous drone manufacturing capabilities in agriculture, defence, and enterprise. The facility will support the development and execution of larger, more complex programmes across its key UAV verticals, while enabling greater indigenisation of critical technologies and strengthening its ability to meet evolving customer requirements.Kothari Industrial wins ICF contractKothari Industrial Corporation Limited has received a formal Letter of Acceptance (LOA) from Integral Coach Factory (ICF), Shell Depot, Chennai (Indian Railways). The contract (Tender No. SD-OT-MHE-01-26) covers comprehensive material handling services at the Shell Depot, ICF, Chennai. The scope involves the deployment of material-handling equipment and manpower, including 3-ton and 6-tonne forklift trucks, a 16 MT mobile crane, a JCB, a high-reach stacker, material-handling assistants, and supervisors. The total consideration for the contract stands at ₹2,54,21,938.88 (inclusive of applicable GST).Ceigall India wins ₹704.70-crore projectCeigall India Limited (CIL), one of India’s leading infrastructure development companies, has received Letters of Acceptance (LOA) from the Ministry of Road Transport & Highways (MoRTH) for the construction of a key section of the Lada-Sarli section of NH913 (Frontier Highway) in Arunachal Pradesh, at a contract value of ₹704.70 crore, excluding GST. The project will be executed jointly with Sushee Infra & Mining Limited (SIML), with Ceigall India holding a 74% share and SIML holding a 26% share in the joint venture.Expo Engineering bags BPCL contractExpo Engineering and Projects Ltd. (formerly known as Expo Gas Containers Ltd.) has secured a new commercial contract from Bharat Petroleum Corporation Limited (BPCL). The contract covers tankage jobs aimed at enhancing the safety integrity of the AG IFR Tank TK-12 at BPCL’s Haldia Coastal Installation. The order value totals ₹4,97,53,962 (inclusive of 18% GST). The contract is scheduled for completion within eight months from the date of the Letter of Award. The order was awarded by a domestic entity in the normal course of business.Afcons wins ₹335.50-crore arbitration awardAfcons Infrastructure Ltd has announced a favourable regulatory order in its ongoing arbitration proceedings. In the arbitration proceedings between Afcons Infrastructure Limited and the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), the Arbitral Tribunal ruled in favour of Afcons. The tribunal awarded the company a total sum of ₹335.50 crore, comprising: A principal amount of ₹152.25 crore. Pre-award and pendente lite interest of ₹183.25 crore, calculated at the SBI Base Rate with quarterly rests spanning from May 1, 2019, to August 24. Afcons stated that the arbitral award will have a positive impact on the company’s financial position.Pace Digitek unit wins ₹92.9-crore BESS orderPace Digitek Ltd announced that its material subsidiary, Lineage Power Private Ltd (LPPL), has received a Letter of Award from Kalpa Power Private Ltd for the supply and commissioning support of a Battery Energy Storage System (BESS). The order is valued at ₹92.9 crore and is scheduled for completion by December 31, 2026. The order adds to Pace Digitek’s growing BESS business and strengthens near-term visibility for its manufacturing operations. The project will be supplied from the Company’s BESS manufacturing platform, which has recently been expanded to 5 GWh of installed capacity.CSM Technologies adopts MOSIP frameworkCSM Technologies Ltd, a multinational GovTech company delivering digital transformation solutions for governments and public institutions, has entered into an engagement to adopt the Modular Open Source Identity Platform (MOSIP) framework to design and implement foundational digital identity solutions.Shining Tools secures first export orderShining Tools Ltd has bagged its first-ever international export order, marking the company’s entry into global markets. The contract was awarded by Yiwu Kaipan Import & Export Co., Limited, an international entity. The order entails the supply of 1,708 units of machinery with a total commercial value of USD 95,292. Key terms of the agreement require that the goods originate from India, meet approved quality standards, and be packed in export-worthy packaging with proper labelling. Partial payment and partial shipment options are permitted under the terms.GPT Infraprojects subsidiary emerges L1 bidderGPT Infraprojects Ltd’s wholly owned subsidiary has emerged as the lowest bidder for an infrastructure project. Alcon Builders and Engineers Private Limited, a wholly owned subsidiary of GPT Infraprojects, was declared the L1 (first lowest) bidder for an order valued at ₹97.31 crore. The Office of the General Manager, Northeast Frontier Railway, Maligaon, Guwahati, floated the project. The scope of work involves the provision of Electronic Interlocking across 10 stations-Adina, Azamnagar Road, Khurial, Mangurjan, Tinmilehat, Chatterhat, Sudhani, Telta, Panjipara, and Gaisal-located on the HDN/HUN route of the Katihar Division.Aegis Logistics has executed a Business Transfer Agreement (BTA) worth Rs 525 crore with its step-down subsidiary, Aegis Terminal (Pipavav), to transfer a specialised ammonia storage terminal with a static capacity of 36,000 MT at Pipavav Port to Aegis Terminal (Pipavav) through a slump sale on a going-concern basisPublished on August 25, 2026