Power & Instrumentation (Gujarat) Gains After Rs 25.9 Million Work Order

08 Jul 2025 CW Team

Power and Instrumentation (Gujarat) saw its shares rise by 2.40 per cent to Rs 115 following the announcement of a work order from Nyati Engineering & Construction valued at Rs 25.9 million.

The order covers the design, supply, installation, testing and commissioning of ELV raceways and cable tray work at Udaipur Air Terminal in Rajasthan. The project is scheduled for completion within six months from the contract’s effective date.

With this latest award, the total cumulative value of work orders for the Udaipur Air Terminal project now stands at Rs 563.6 million.

The promoter, promoter group, and group companies have no interest in Nyati Engineering & Construction, confirming that this order does not qualify as a related party transaction.

Power and Instrumentation (Gujarat) specialises in electrical contract work and the supply of electrical equipment.

In the fourth quarter of FY25, the company reported a consolidated net profit of Rs 28.1 million, up 4.9 per cent, on a 49.2 per cent rise in revenue from operations to Rs 550.9 million compared to the same period in FY24.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..