🇮🇳 India Daybook: Ceigall India Bags ₹2,150 Cr Order, Tempsens Instruments IPO Opens

📍 ORDER WIN

• Ceigall India: A joint venture involving the company secured four road contracts in Arunachal Pradesh from the Ministry of Road Transport and Highways (MoRTH), valued at ₹2,149.62 crore.
• H.G. Infra Engineering: The company won a major power project in Uttar Pradesh, further diversifying its infrastructure portfolio.
• EMS Limited: Secured a contract for a water treatment project in Rajasthan to boost its order book.
• Fabtech Technologies: Its unit bagged a turnkey flavor manufacturing project in the UAE worth ₹25 crore (AED 9.92 million), to be completed in six months.
• IndiQube Spaces: Secured a managed workspace deal for 1,300 seats in Bengaluru, valued at approximately ₹68 crore, with a leading global audio series platform.

📍 IPO

• Tempsens Instruments: The ₹650-crore initial public offering (IPO) opens for subscription today at a price band of ₹285–300 per share; the issue includes a fresh issue of ₹95 crore.

📍 EARNINGS

• Susan Electricals: Reported a sharp turnaround in Q1FY27 with a net profit of ₹6.39 crore compared to a loss in the previous year, as revenue surged 279% YoY.
• IndiQube Spaces: Reported a 91% YoY increase in Q1FY27 PAT to ₹35 crore, supported by record revenue of ₹428 crore and 90% steady-state occupancy.

📍 ACQUISITION

• Nitin Spinners: Acquired 85.68 lakh additional shares of CGE II Hybrid Energy, increasing its total stake in the renewable energy firm to 7.36%.
• GP Petroleums: Signed an exclusivity pact for a potential strategic acquisition to expand its market presence.

📍 FUNDRAISING

• Aditya Infotech (CP Plus): The board approved raising up to ₹1,500 crore via equity shares through a public issue and/or QIP.
• IDFC First Bank: Upsized its senior notes issuance to USD 600 million from the earlier USD 500 million under its EMTN programme.
• Tata Communications: Successfully raised ₹250 crore through the issuance of commercial papers.

📍 MANAGEMENT CHANGES

• HDFC Life: The board has reappointed Vibha Padalkar as the Managing Director and Chief Executive Officer.
• Kolte-Patil Developers: Appointed Hrishikesh Parandekar as the new Chief Executive Officer, effective August 24, 2026.
• S H Kelkar: Appointed Ranjeet Agrawal as Executive Vice President – Sales (India Subcontinent), effective today.

📍 REGULATORY & OTHERS

• BSE: Entered into an agreement with MSCI to explore the launch of derivatives linked to MSCI indexes in India, aiming to enhance market accessibility.
• Escorts Kubota: Announced a significant investment of ₹2,000 crore for a new manufacturing plant to expand capacity.
• Hyundai Motor India: Announced a price hike of up to 1% across its vehicle portfolio effective September 2026, citing rising input costs.
• JSW Cement: Received a GST show-cause notice demanding ₹10.27 crore from the Joint Commissioner, Central Tax (Audit), Kolkata.
• HEG: Received NCLT approval for its demerger scheme involving HEG Graphite Limited and Bhilwara Energy Limited.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News