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The IE5 range is the first in India built on proven induction motor technology without the use of rare-earth metals.

For the April–June quarter of FY26, performance remained muted with overall sales volumes rising only 0.5% from a year earlier.

The order pertains to the supply of smart meters and will be carried out in line with the terms and conditions of the purchase order and notification of award.

The contract was valued at $18 Million. The company said that it expects to execute the contract within a period of 6-8 months from the receipt of advance.

The business is vertically integrated – raw material feedstock (molasses, syrup, damaged grains, agricultural residues, etc.) is sourced largely from promoter group entities, giving the company a reliable supply base.

Overall, MSIL is averaging 18,000 bookings per day, compared with around 10,000 on normal days, reflecting strong festival season demand.

The investment falls within a pre-approved limit of ₹8.00 crore, sanctioned by the CAMS board.

As part of the deal, the company will acquire 1 million equity shares at 5.05 pound per share, subject to the completion of agreed conditions.

The first order, worth ₹45.22 crore, comes from Mazagon Dock Shipbuilders for the supply of B&D spares for AC plants onboard P17A class ships and turnkey HVAC systems.

Under the deal, Pocket Aces will purchase 100% of Finnet Media’s equity share capital, comprising 3,00,000 shares with a face value of ₹10 each