🇮🇳 India Daybook: Shilpa Medicare Secures CDSCO Nod, Puravankara Bags ₹2,600 Cr Mumbai Project

📍 REGULATORY APPROVALS & LICENSES

• Shilpa Medicare: Received approval from the Central Drugs Standard Control Organisation (CDSCO) for its OERIS injection, providing a major regulatory milestone for its domestic portfolio.
• Nestle India: Cleared by the Food Regulator Expert Committee for infant nutrition brands Nan Excella Pro and Lactogen Pro, confirming regulatory compliance amidst ongoing scrutiny. The infant nutrition segment contributes approximately 29% to company revenues.
• Tirupati Forge: Granted an Arms Act license by authorities permitting the production of 155mm artillery shells, marking a major entry into indigenous defense ammunition manufacturing.
• India Pesticides: Secured UK technical equivalence for key insecticide and herbicide registrations in Argentina, boosting the agrochemical maker’s regulated export strategy.

📍 ORDER WINS & CONTRACTS

• Puravankara: Secured a prime redevelopment project in Mumbai with an estimated gross development value (GDV) of ₹2,600 crore, significantly expanding its Western India footprint.
• Methodhub Software: Announced that its subsidiary, Nemera, bagged a 2-year telecom network maintenance order worth ₹161 crore in Thailand, an award equivalent to roughly 48% of FY26 consolidated revenue.
• Tega Industries: Bagged a fresh equipment supply contract worth ₹126 crore. Concurrently, the company raised ₹95.40 crore via a preferential issue.
• Mason Infratech: Clinched a ₹73.26 crore turnkey construction contract from Magicmind Infratech in Mumbai spanning 36 months, expanding its active order book beyond ₹96 crore.
• GPT Infraprojects: Bagged a major railway infrastructure execution contract.

📍 PARTNERSHIPS & MOUS

• NIBE: Signed a Memorandum of Understanding (MoU) with Naval Group France to partner on naval shipbuilding, autonomous underwater systems, and advanced defense weapon platforms.

📍 CAPACITY & FIELD EXPANSIONS

• Hindustan Oil Exploration Company (HOEC): Completed the capacity expansion of its Dirok gas processing plant to 70 MMSCFD and slated drilling operations in the PY-1 basement reservoir to unlock deeper gas plays.

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