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These contracts add to BHEL’s expanding order pipeline, coming just days after it announced a ₹7,500-crore deal from Gujarat State Electricity Corporation Ltd (GSECL).

Mutual fund AUM in August was impacted by tepid markets and outflows from liquid funds

Following the transaction, AHLL will become a 99.42% subsidiary of Apollo, with only 0.58% held under the ESOP plan.

The report closes the regulator’s inspection held between May 26 and May 31, 2025, confirming that the manufacturing units met compliance standards.

Larsen & Toubro said that the scope of work includes design, supply, construction, testing, and commissioning of track-works.

The company said that its board announced a final dividend of ₹2 per share with a face value of ₹5 each for the financial year 2024-25.

The company said that it will execute the deal through a special purpose vehicle jointly established by Tega and Apollo Funds.

For the June quarter (Q1FY26), net profit nearly halved to ₹30 crore, compared with ₹59.8 crore a year earlier.

Chaudhary mentioned in his letter addressed to the board that the company dynamics were not in line with effective governance principles and independent oversight.

With both tranches together, Shakti Pumps now has 22,451 systems committed, translating into total confirmed orders of over ₹616 crore from its empanelled capacity of 34,720 pumps.