Major private and public sector companies across railways, defence, renewable energy, and heavy engineering have announced fresh order wins. The focus was on BHEL, Saatvik Green Energy, Larsen & Toubro (L&T), and Texmaco Rail, which have secured contracts spanning specialised freight wagons, coal gasification technology, solar power projects, and defence system upgrades.
BHEL bags Rs 5,400 crore order
Bharat Heavy Electricals secured a Rs 5,400 crore order from Bharat Coal Gasification and Chemicals on Thursday for coal gasification and raw syngas cleaning facilities for the coal-to-ammonium nitrate project at Jharsuguda, Odisha.
The order covers engineering, procurement, construction, commissioning and performance guarantee of the coal gasification and raw syngas cleaning facilities, which form the core process units of the integrated chemical complex. The project will deploy BHEL’s in-house developed Pressurised Fluidised Bed Gasification (PFBG) technology, marking its first commercial-scale application.
Bharat Coal Gasification and Chemicals is a joint venture company of BHEL and Coal India.
BHEL’s stock closed at Rs 272.50 on Friday, 0.28 per cent higher in the intra-day trade.
L&T secures defence order
Larsen & Toubro on Thursday secured an order from the Corps of Electronics and Mechanical Engineers (EME) of the Indian Army for the overhaul, upgrade, and obsolescence management of the indigenous Pinaka multi-rocket launcher systems.
The partnership with the Corps of EME aims to enhance long-term operational availability and modernise of Pinaka regiments currently in service with the Indian Army, L&T said in an exchange filing.
Under the initiative, 510 Army Base Workshop (ABW) EME will undertake the overhaul and upgrade of critical electronics and systems, utilising domain knowledge inherent in the Army Base Workshop.
L&T will supply critical spares and support the modernisation of sub-systems, enabling a shift from conventional maintenance practices to a structured, lifecycle-based sustenance and upgrade framework.
In the initial phase, L&T will jointly undertake a pilot overhaul of the Pinaka launcher and battery command post in collaboration with 510 ABW. Upon completion of the pilot phase, the remaining systems will be overhauled by 510 ABW of the Corps of EME, with L&T continuing to provide critical spares, technical support and quality oversight.
L&T’s stock closed at Rs 4,019.80 on Friday, 0.21 per cent lower in the inra-day trade.
Texmaco bags Rs 64 crore order
Texmaco Rail & Engineering Friday secured a purchase order worth Rs 64 crore from APL Logistics Vascor Automotive for the manufacture and supply of specialised freight wagons.
The order involves the supply of rakes of ACT-1 wagons along with brake vans of the BVCM type, strengthening Texmaco Rail’s presence in the specialised freight rolling stock segment, the company said in a statement.
Texmaco Rail MD Sudipta Mukherjee said the contract reflects the growing demand for customised rail-based logistics solutions aimed at improving safety and operational efficiency.
Texmaco’s stock closed at Rs 127 on Friday, 1.47 per cent lower in the intra-day trade.
Satvik Green get solar order
Saatvik Green Energy also received an order worth Rs 21 crore to develop a solar project this week
The order will be executed by the end of March 2026, the company said in an exchange filing.
The order, aggregating to Rs 20.84 crore, has been received and accepted by our wholly-owned subsidiary, Saatvik Cleantech EPC Private Limited.
The cumulative disclosed order value stands at nearly Rs 85 crore, but the order inflow might be more than this, as L&T didn’t disclose the order value.
Satvik Green’s stock closed at Rs 401.85 on Friday, 3.69 per cent lower in the intra-day trade.