🇮🇳 India Daybook: LTTS Posts 53% Profit Surge & ₹20 Dividend, ACME Solar Inks 300 MW PPA

📍 EARNINGS & CORPORATE ACTIONS

• L&T Technology Services (LTTS): The engineering services provider reported a 53.5% sequential surge in consolidated net profit to ₹548 crore for Q2, supported by operating growth and a one-time gain of ₹165 crore from the divestment of its Smart World & Communication (SWC) business unit. Revenue from operations rose 3.4% QoQ to ₹3,040 crore, while EBIT margins improved by 60 bps to 16.3%. The company declared an interim dividend of ₹20 per share (record date: October 27, 2026) and recorded large-deal TCV wins exceeding $200 million, with AI solutions driving over half of the total deal value.

📍 ORDER WINS & CONTRACTS

• ACME Solar Holdings: The renewable energy firm entered into a 300 MW (1,200 MWh storage) power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) under the FDRE-IX tranche. The contract is set at a tariff of ₹6 per unit to deliver firm and dispatchable peak power, designed to support grid stability during evening and peak demand windows.

• RailTel Corporation of India: The telecom infrastructure PSU bagged an order worth ₹167.52 crore (excluding tax) from the Railway Recruitment Board (RRB) Secunderabad for AM-RMS services. In addition, RailTel secured an enterprise IT infrastructure and cybersecurity contract valued at ₹18.99 crore from Health Insurance TPA of India spread across three years.

• GPT Infraprojects: The infrastructure company secured fresh railway signalling contracts aggregating over ₹283 crore from Western Railway. This includes a ₹134.11 crore contract awarded to its subsidiary, Alcon Builders and Engineers, for automatic block signalling in the Ratlam Division, taking GPT Infra’s outstanding order book to ₹5,651 crore.

📍 STRATEGIC INVESTMENTS & EXPANSION

• Bharat Forge: The company completed an equity investment of ₹240 crore in its wholly owned defence subsidiary, Kalyani Strategic Systems, via a rights issue to bolster advanced manufacturing and defence production capacity.

📍 TRADING NOTICE

• Dussehra Market Holiday: Trading across BSE and NSE equity and equity derivative segments was suspended on Tuesday, October 20, 2026, on account of Dussehra, with clearing and settlement operations deferred to the next regular settlement session.

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