Savings Effect

RVNL: State-run Rail Vikas Nigam Limited (RVNL) has secured a fresh order from South East Central Railway for an engineering, procurement and construction (EPC) in Chhattisgarh. The contract is valued at ₹221.33 crore.

BEML: BEML Ltd. is targeting an order book of more than ₹31,000 crore this fiscal year, as the state-run manufacturer pushes ahead with expansion in rail, high-speed trains, and defence systems.

SpiceJet: The domestic airline has said it plans to induct three Airbus A320 planes on a damp lease next month to further expand its fleet. The company has already finalised a lease agreement (with the lessor) for these three narrowbody planes.

HCLTech: The IT company has announced the launch of an AI Innovation Zone in collaboration with Google Cloud. Located in Santa Clara, California, the AI Innovation Zone will enable global enterprises to scale AI applications across agentic, kinetic and physical AI.

TCS: The Tata Group company has announced the launch of its Global Value & Innovation Centres (GVIC) business unit to help enterprises establish AI-native global capability centres (GCCs) and transform existing GCCs into value- and innovation-led operating models.

Grasim Industries: The Aditya Birla Group company has announced an investment of ₹3,094 crore, for Phase II Lyocell capacity of 110K TPA at Harihar, Karnataka. This expansion will consist of 2 lines of 55K TPA (150 Tons per day) each. The first line is expected to be commissioned by 2028, and the second line is expected to be commissioned by 2030.

TCS: The Tata Group company has announced the launch of its Global Value & Innovation Centres (GVIC) business unit to help enterprises establish AI-native global capability centres (GCCs) and transform existing GCCs into value- and innovation-led operating models.

Bank of India: The state-owned bank has inaugurated a dedicated Strategic Business Branch (SBB) in Mumbai to consolidate and scale up its digital and partnership-led financing businesses, including pool buyouts, co-lending, Trade Receivables Discounting System (TReDS), and supply chain finance.

BPCL: BPCL plans to shut a ​crude unit that produces ‌120,000 barrels per day, as well as some secondary units, at its 200,000 bpd Mumbai refinery for three to four weeks in September ‌and October for routine maintenance.

SML Mahindra: The commercial vehicle manufacturer has reported 11.6 per cent Y-o-Y increase in CV sales to 1,678 units in May 2026, compared with 1,503 units sold in May 2025. The company's commercial vehicle production stood at 1,729 units in the reporting month.

IRB Infra: The infrastructure development and construction company's May toll revenue increased by 25 per cent Y-o-Y in May 2026 to ₹843 crore.

JNK India: The company has received a large order (₹100 crore to ₹300 crore) from CC7 Emirates Engineering Solutions L.L.C., UAE for waste gas handling systems.

Avantel: The company has received a contract from the Defence Research and Development Organisation (DRDO) for the development and testing of satellite terminals for GSAT. The contract is valued at ₹9.94 crore.

IGL: Kumar Shanker has taken charge as the managing director of Indraprastha Gas Ltd (IGL), the country's largest city gas distribution (CGD) company. Shanker was earlier the MD of Maharashtra Natural Gas Ltd (MNGL).

TCS: CO LAUNCHES DEDICATED BUSINESS UNIT TO HELP ENTERPRISES BUILD AI-NATIVE GLOBAL CAPABILITY CENTRES