Bondada Engineering has secured ₹469.52 crore orders from Adani Green Energy Ltd and Adani Green Energy Six Limited for a 250 MW Balance of System (BOS) package at Khavda, Kutch, Gujarat. According to the latest disclosure, the orders are to be executed within 8 months from receipt of the order. With this addition, Bondada Engineering's cumulative executed capacity for the Adani Group has reached 975 MW, reinforcing its position as a leading renewable energy EPC player in India. The project is located at Khavda, Kutch, Gujarat — one of India's largest renewable energy hubs, with the orders disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Adani Enterprises has agreed to pay $275 million to settle allegations related to US sanctions violations involving Iran-linked LPG shipments. According to the latest disclosure, the settlement was officially announced by OFAC through an enforcement release dated May 18, 2026, with the agreement dated May 14, 2026. The company stated that the amount was mitigated from the maximum statutory penalty of around $384.21 million, with the reduction considered due to factors including Adani Enterprises not receiving any penalty notice or finding of violation from OFAC during the previous five years, and the LPG business contributing less than 1.5% of the company's consolidated revenue for 2025. The settlement does not amount to a finding of guilt or wrongdoing and closes all related liabilities.
Adani Enterprises shares gained 1.72% to ₹2,736 on Tuesday following the settlement announcement, despite mixed broader market sentiment. Indian equity benchmark indices opened marginally higher, with the benchmark Nifty 50 index rising 0.04% to trade at 23,659.75 during the session. The positive market response reflects investor relief over the resolution of the US sanctions matter, with the company's substantial cooperation and implementation of remedial measures being recognized by OFAC.
JSW Cement has adjourned its board meeting scheduled for Monday, citing "paucity of time." As reported by The Hindu BusinessLine, the company will now meet on May 21, 2026, to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
Kotak Alternate Asset Managers has invested ₹20 crore in Natco Pharma-backed Cellogen Therapeutics via its Life Sciences Fund I. According to reports from The Hindu BusinessLine, the investment will support CAR-T clinical programmes, expansion of gene therapy pipeline and strengthening of manufacturing capabilities. Meanwhile, Eicher Motors' Royal Enfield plans to acquire land in Tada, Andhra Pradesh, for a new manufacturing facility with a proposed ₹2,500 crore investment.
Vascon Engineers has received a Letter of Intent from Reliance Industries for construction of four G+12 buildings at the RG Expansion project in Jamnagar, worth ₹131.58 crore. As reported by The Hindu BusinessLine, the BOQ-based contract is to be completed within 19 months. Captain Polyplast has secured an ₹11.80 crore order from Maharashtra State Electricity Distribution Company (MSEDCL) for 500 off-grid solar photovoltaic water pumping systems under the PM Kusum scheme.
