It’s been a busy week for India Inc in terms of order wins. Indian companies across energy, defence and infrastructure sectors announced a series of order wins this week, from multi-crore contracts in West Africa to key defence technology partnerships and railways-linked renewable bids. Here are the top firms that secured fresh project wins strengthening their order books and execution pipeline.
Thermax: Bags Rs 580 crore order in West Africa
Thermax bagged Rs 580 cr order from West African conglomerate Dangote Industries, on November 26. The contract, secured through its wholly-owned subsidiary Thermax Babcock & Wilcox Energy Solutions (TBWES), is for the supply of four high-pressure utility boilers and associated systems for Dangote’s refinery and petrochemical complex in Nigeria.
The scope includes project management, engineering, procurement, manufacturing of plug-and-play boiler modules, and supervision of construction and commissioning.
Thermax has been associated with Dangote for several years, having earlier won a contract worth around $157 million in 2017.
The Thermax share price closed in the green for the week, up 1.26% in 7 days at Rs 2,922.30 per share.
Pace Digitek: Subsidiary secures Rs 199.4 crore order
Pace Digitek’s subsidiary, Lineage Power bags BESS order from L&T. It secured orders worth Rs 199.4 crore (including taxes) for the supply of battery energy storage systems (BESS) from Larsen & Toubro.
Under the order, Pace Digitek will supply around 2.7 lakh kWh of BESS, including LiFePO4 liquid-cooled BESS integrated containers, for the Bihar State Power Generation Company’s Kajra site.
The share price of Pace Digitek closed in the red for the week, down 5.16% in 7 days at Rs 214.00 per share.
Paras Defence: Signed licensing agreement with DRDO
Paras Defence signed pact with DRDO. It is a licensing agreement for the Transfer of Technology of the Driver Night Sight (DNS) for the T-90 tank. The company, however, did not reveal specific details regarding the agreement.
The Paras Defence orderbook had exceeded Rs 1,000 crore at the end of the first half of FY26 and the company is hopeful of steady order flow in H2 as well.
The Paras Defence share price closed in the red for the week, down 0.56% in 7 days at Rs 717.45 per share.
ACME Solar: Wins 130 MW RTC tender from Indian Railways
ACME Solar Holdings has won 130 MW renewable energy tender from Indian Railways securing a tariff of Rs 4.35 per unit on November 24. The e-reverse auction was part of REMC’s 1,000 MW Round-The-Clock (RTC) project aimed at meeting Railways’ 24×7 power needs.
The project that ACME Solar secured from Indian Railways requires a minimum annual availability of 75% for the first three years, rising to 85% thereafter. ACME Solar will commission the project within 30 months of signing the PPA.
The share price of ACME Solar closed in the red for the week, down 3.42% in 7 days at Rs 229.85 per share.
ACME Solar: subsidiary signs SECI deal
More order wins for ACME Solar. On November 25, a wholly-owned subsidiary of ACME solar Holdings, ACME Platinum Urjazoo signed pact with SECI to set up a 200 MW solar project with an energy storage system. The project is scheduled to be commissioned by June 2027. Under the project, ACME Solar is required to supply power with an annual capacity utilisation factor (CUF) of 25-27% during solar hours.
The company will also have to ensure a minimum availability of 70% on a monthly basis and 85 per cent on an annual basis during the evening peak hours.
Zen Technologies: Rs 108 crore order from defence ministry
Zen Tech bagged Rs 108 crore order from the Ministry of Defence for defence-training simulators. The order — placed under the domestic procurement route — will be executed within a year.
Speaking on the order win, Ashok Atluri, Chairman and Managing Director, Zen Technologies, said, “This Rs 108 crore order represents more than business growth—it’s validation of indigenous R&D done right. Over a decade ago, we supplied our first tank simulators to the Indian Army.”
This procurement is a direct outcome of the Ministry of Defence’s Simulation Framework released in September 2021, which recognised simulation-based training as a strategic priority for force modernisation.Training simulators have become a critical pillar of modern defence preparedness. With advancements in AI, AR, and data-driven modelling, simulators now mirror real-world threats.
The Zen Tech share price closed in the red for the week, down 0.46% in 7 days at Rs 1,406.05 per share.
BL Kashyap & Sons: Bags Rs 254 crore order from DLF
B L Kashyap & Sons secured Rs 254.22 crore order from DLF Home Developers on November 25. The order is for civil-structure, rough-finishing and waterproofing works at a project in Sector 63, Gurugram. The contract covers one high-rise tower along with ancillary low-rise and related structures.
The company says the project will be executed over approximately 37 months, adding to an order book that stood at around Rs 4,087 crore at the end of Q2.
The share price of BL Kashyap closed in the green for the week, up 5.15% in 7 days at Rs 51.26 per share.
Dilip Buildcon: Wins Rs 5,000 crore NALCO mining contract
Dilip Buildcon won a mining contract worth Rs 5,000 crore from NALCO. The long-term mining contract from Nalco covers a 25-year period. This is after Dilip Buildcon emerged as L1 bidder for the NALCO tender. An initial three-year phase worth Rs 1,750 crore for EPC works — including the construction of an overland conveyor corridor, roads, water intake and mine infrastructure, along with transporting roughly 7 million tonnes of bauxite — followed by 22 years of mining and transportation of about 77 million tonnes, valued at Rs 3,250 crore.
The Dilip Buildcon share price closed in the green for the week, up 10.83% in 7 days at Rs 476.95 per share.