Engineering
L&T to acquire Sapura’s 40% stake in offshore shipping JV for Rs 122.4 crore
The acquisition will be carried out at Rs 19.26 per share and involves the purchase of 6.35 crore equity shares. LTSSPL is currently a 60:40 joint venture between L&T and Sapura Nautical Power. Following the completion of the transaction, L&T will hold 100% ownership of the company, strengthening its presence in the maritime and offshore construction segment.
L&T to acquire Sapura’s 40% stake in offshore shipping JV for ₹1,224 crore
Larsen & Toubro is set to take full control of L&T Sapura Shipping by acquiring the final 40% stake in a deal valued at over ₹1,200 crore. This strategic move, anticipated to finalize by early 2026, aims to bolster L&T's offshore construction prowess, paving the way for enhanced operational flexibility in future maritime projects.
Kirloskar Group launches ‘Made in Kirloskar’ initiative to celebrate engineers and innovation
Kirloskar Group, a 137-year-old engineering firm, has launched 'Made in Kirloskar' to celebrate engineering and innovation. This initiative reflects the group's renewed momentum and commitment to growth, underscoring the vital role of engineers in national development and everyday life. The company aims to nearly double its revenue to $5 billion by FY30 with a significant investment in expansion and innovation.
Bharat forge, Germany's Agile Robots to explore collaboration for AI-led industrial automation
Driven by Bharat Forge's extensive domain expertise and Agile Robots' ingenious intelligent robots and automation solutions, this collaboration will see the deployment of cutting-edge solutions for the automotive, healthcare, and consumer electronics industries, the company said in a statement.
BHEL secures order from BCGCL for coal gasification, raw syngas cleaning facilities
State-owned BHEL has secured a significant order from Bharat Coal Gasification and Chemicals Limited for coal gasification and raw syngas cleaning facilities. This project, for a coal-to-ammonium nitrate plant in Odisha, will utilize BHEL's proprietary Pressurised Fluidised Bed Gasification technology for its first commercial-scale application.
GE Aerospace appoints Shilpa Gupta as CTO of India operations
Gupta will lead the company’s engineering, research and digital technology teams at Bengaluru to accelerate innovation, scale advanced technologies and strengthen regional impact.
Anticipate govt to go for 10 pc capex growth in Budget 2026: L&T CFO
Larsen and Toubro's CFO R Shankar Raman anticipates a 10% rise in capital expenditure outgo in the upcoming FY27 budget, expressing confidence that ample system liquidity will support these investments. He highlighted the crucial role of infrastructure in India's developed economy goal and suggested a shift towards qualitative pricing mechanisms for project bidding to ensure timely completion.
Larsen & Toubro bags multi-crore projects
Engineering giant Larsen & Toubro has won significant new projects. These include building a cultural and spiritual museum, Advait Lok, at Omkareshwar in Madhya Pradesh. The company will also redevelop the R G Baruah Sports Complex in Guwahati, featuring a FIFA-compliant football stadium.
Texmaco Rail bags Rs 132cr wagon supply order from Touax JV
Texmaco Rail & Engineering Ltd has secured a Rs 132-crore order from its joint venture, Touax Texmaco Railcar Leasing Pvt Ltd, for the supply of BLSS and BVCM wagons. The delivery of these rakes is scheduled to be completed by July 2026, reinforcing the company's manufacturing capabilities and supporting India's sustainable logistics goals.
BEML unveils driverless metro prototype for Bengaluru's phase-2 network
BEML has unveiled a prototype of its new driverless metro trainset in Bengaluru. This advanced train will serve the upcoming Pink and Blue lines of the Bangalore Metro. The Rs 3,177 crore contract includes supplying 318 metro cars designed and manufactured locally. BEML will also provide maintenance support for 15 years.
Must Watch
Marking 30 years, Makino India’s next move in precision manufacturing for EVs, aerospace and semiconductors
With over 8,000 machines installed and localisation touching 50 per cent, the company prepares for its next growth wave powered by automation, high-tech sectors and digital machining, deploying data and smart technology, including artificial intelligence
Kalpataru Projects International bags orders worth Rs 2,003 crore
Kalpataru Projects International Ltd (KPIL) announced securing new orders totaling approximately Rs 2,003 crore. These orders span the Buildings and Factories business in India, as well as Power Transmission & Distribution projects both domestically and internationally. This recent acquisition boosts KPIL's year-to-date order intake to around Rs 17,000 crore, indicating strong future growth prospects.
Call of duty infuses fresh energy into local gear makers
Construction equipment makers are experiencing a surge in government orders for border infrastructure projects, driven by heightened geopolitical tensions and import substitution efforts. Companies like JCB India and Action Construction Equipment are supplying critical machinery to the defence ministry and Border Roads Organisation, significantly boosting their revenue streams and local manufacturing capabilities.
EPC sector emerges as major job engine, poised for 25 mn roles by 2030: Report
India's EPC sector is poised for significant growth, with projections indicating the creation of over 25 million jobs by 2030 due to expanding infrastructure development. The sector has already seen a substantial surge in hiring demand since 2020. While AI is expected to enhance efficiency, it will not reduce the need for a growing workforce to support India's development goals.
BEML to jointly develop marine cranes with South Korea’s HD Hyundai
BEML Limited is joining forces with South Korean companies HD KSOE and HD Hyundai Samho Heavy Industries. They will design, develop, and manufacture advanced maritime and port cranes in India. This collaboration aims to boost India's port infrastructure and reduce reliance on imports.
IVRCL's liquidation process takes a hit after bidder defaults on ₹1,200 crore payment
The six-year liquidation of IVRCL Ltd has stalled. P Prasad Reddy, the successful bidder, failed to pay Rs 1,200 crore. Lenders have replaced the liquidator, restarting the insolvency process. This underscores slow recoveries in the engineering sector. IVRCL owes creditors over '14,500 crore. Banks are seeking recovery from land assets and considering part-by-part asset sales.
