Rashtriya Chemicals and Fertilizers announced plans to raise up to ₹1,500 crore through a follow-on public offer (FPO) on Tuesday. According to regulatory filings, the company's board has approved the fundraising through a fresh issue of equity shares. The decision is subject to approval from shareholders, the Department of Fertilisers, and the Department of Investment and Public Asset Management (DIPAM). Meanwhile, ideaForge Technology Ltd has launched its qualified institutional placement (QIP) to raise up to ₹500 crore, with the board approving an indicative issue price of ₹795 per equity share, representing a 5.4% discount to the NSE closing price on Tuesday. RCF shares advanced 2.44% following the announcement, reflecting positive market response to the fundraising plans.
RRP Defense secured a significant manufacturing contract worth ₹64.31 crore from Bharat Electronics Ltd (BEL) for supplying 16,035 MEPRO X6 Day Sights. The contract involves compact, lightweight 6x magnification telescopic day sights designed by Israel-based Meprolight for assault rifles and light machine guns. The contract further strengthens the strategic collaboration between RRP Defense, Meprolight, and Bharat Electronics Ltd while reinforcing India's capability to design, manufacture, and deploy advanced electro-optical systems within the country. Refex Industries procured an order worth ₹20.94 crore for ash transportation to construction sites of road projects under the NHAI and other government departments. Innovision Ltd received a Letter of Award for user fee collection agency services at the Vaddupalli fee plaza in Andhra Pradesh under the EPC mode, with the company's shares rising 0.35% following the latest contract development.
Advait Energy Transitions secured an order worth ₹51.62 crore for turnkey supply, installation, testing and commissioning of 11kV 55mm² AAAC medium voltage covered conductor under the Vanbandhu Kalyan Yojana-2 scheme. Jayant Infratech received a Letter of Acceptance from West Central Railway for railway overhead electrification works in the Itarsi-Jhujharpur section. The projects include design, supply, erection, testing and commissioning of OHE with power supply arrangements and modification to existing infrastructure.
Uno Minda announced a landmark strategic expansion into four-wheeler passenger vehicle seating systems with a ₹320 crore greenfield manufacturing facility in Chhatrapati Sambhajinagar, Maharashtra. The facility is expected to commence operations by Q4FY28 under Uno Minda Tachi-S Seating Private Ltd, a joint venture with Japan's TACHI-S Company Ltd. HCL Technologies completed the formal acquisition of Jaspersoft through its subsidiary Actian, integrating high-performance embedded analytics into HCLSoftware's Data and AI division to drive IP-led revenue growth.
IFB Agro Industries warned that the current financial year will be challenging for its alcohol business due to excess production capacity, rising input costs, and alleged interference by West Bengal excise authorities. Despite posting a 24.25% rise in consolidated revenue to ₹1,911.57 crore in FY26 from ₹1,538.49 crore, the company flagged margin pressure in its aquaculture feed business and geopolitical uncertainties affecting marine exports. The company's management devoted significant outlook to headwinds facing its key businesses despite improved financial performance.
