Josts Wins Rs 56.2m Order From North Bihar Power Utility

09 Dec 2025 CW Team

Josts Engineering Company climbed 3.34 per cent to Rs 300 after announcing that it had secured an order worth Rs 56.2 million from the North Bihar Power Distribution Company. According to an exchange filing, the contract includes the supply of three Cable Fault Locator Vans equipped with portable generators. The project covers design, assembly, testing and delivery, with completion expected within five months of the purchase order.

The company clarified that neither its promoters nor promoter group have any interest in the awarding authority, and the contract does not qualify as a related-party transaction under regulatory norms.

Josts reported orders in hand totalling Rs 2.13 billion as of 30 September 2025. With a strong order pipeline, the firm said it anticipates improved performance in the second half of FY25–26. Based in Mumbai, Josts Engineering manufactures and supplies material-handling equipment and engineering products for a range of industries.

On a standalone basis, the company posted a 70 per cent year-on-year decline in net profit to Rs 12.3 million for Q2 FY26, as net sales fell 19.2 per cent to Rs 473.6 million. Profit before tax dropped 66.96 per cent year-on-year to Rs 18.8 million, although it more than doubled sequentially.

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..