RITES Limited has secured a rate contract from NTPC Limited for hiring of diesel locomotives on a lease basis for NTPC power plants across the country. The indicative value of the rate contract is ₹78.65 Crores (excluding GST). NTPC stations will place separate purchase orders from time to time within the contract’s validity. The contract is valid from 20.09.2025 to 19.09.2027.

Contract Overview

RITES Limited has been awarded a Rate Contract by NTPC Limited for the hiring of Diesel Locomotives. These locomotives will be leased to NTPC Power Plants situated across the country.

Key Contract Details

• Entity Awarding the Contract: NTPC Limited
• Nature of the Contract: Hiring of Diesel Locomotives on Lease Basis
• Geographical Scope: NTPC Power Plants across the Country
• Type of Entity: Domestic

Financial Aspects

The indicative value of this Rate Contract is ₹78.65 Crores (excluding GST). It is important to note that the actual value of orders will be contingent upon the specific requirements at various NTPC stations and will be determined by individual purchase orders.

Contract Timeline

The contract is set to be in effect from 20.09.2025 and will remain valid until 19.09.2027.

Source: BSE

Graphite India has invested in the shares of GrafTech International Ltd., a NYSE-listed company, through secondary market transactions, utilizing the Overseas Portfolio Investment scheme. The company’s stake is 6.82% through this acquisition. The total investment for this acquisition is INR 168.13 Crores.

Strategic Investment in GrafTech

Graphite India has strategically invested in GrafTech International Ltd., a company listed on the NYSE. This investment was executed through secondary market transactions under the Overseas Portfolio Investment (OPI) scheme.

Investment Details

The total investment made by Graphite India amounts to INR 168.13 Crores. The company now holds a 6.82% stake in GrafTech International Ltd.

About GrafTech International Ltd.

GrafTech International Ltd. is a leading manufacturer of high-quality graphite electrode products, essential for electric arc furnace steel production. The company possesses a competitive portfolio of low-cost, ultra-high power graphite electrode manufacturing facilities and is substantially vertically integrated into petroleum needle coke, a key raw material.

GrafTech’s Turnover

GrafTech’s turnover for the last three fiscal years is as follows:

• FY ended December 31, 2024: 538,782 thousand USD
• FY ended December 31, 2023: 620,500 thousand USD
• FY ended December 31, 2022: 1,281,250 thousand USD

Source: BSE

Larsen & Toubro (L&T) has announced that its Construction Equipment and Industrial Products Design & Development (CE & IPDD) vertical has secured multiple significant orders. These include long-term after-sales support contracts for Komatsu mining equipment and orders from leading tire manufacturers. L&T Valves also secured orders for polyvinyl chloride (PVC) projects in India and contracts in Saudi Arabia. The wins underscore L&T’s strong engineering capabilities.

Construction Equipment Orders

Larsen & Toubro’s Construction Equipment (CE) business unit has secured long-term after sales support orders from major coal and cement producers in India for Komatsu mining equipment. These orders showcase the design and reliability of Komatsu machinery and L&T’s after-sales service capabilities.

Rubber Processing Machinery Wins

The Rubber Processing Machinery (RPM) business unit of CE & IPDD has won multiple orders from leading tire manufacturers in India. The scope includes the design and manufacture of tire curing presses and tire building machines, catering to segments ranging from two-wheelers and passenger cars to trucks and buses.

Valve Order Highlights

L&T Valves has secured multiple orders for polyvinyl chloride (PVC) and chlorinated polyvinyl chloride (CPVC) projects from major domestic companies and has also been awarded contracts by leading EPC companies in Saudi Arabia.

Order Classification

These order wins fall into the ‘Significant’ category, which L&T defines as being between ₹1,000 to ₹2,500 Crore.

Source: BSE

Cyient Limited has appointed Mr. Sunil R. Bhumralkar as an Independent Director, effective September 19, 2025. The appointment, based on the recommendation of the Leadership, Nomination and Remuneration Committee, is for a term of 3 years and is subject to shareholder approval. Mr. Bhumralkar has over 38 years of experience in assurance and financial accounting advisory.

Independent Director Appointment

Cyient Limited announced the appointment of Mr. Sunil R. Bhumralkar as an Independent Director to the Board, effective September 19, 2025. This decision was made following the recommendation of the Leadership, Nomination and Remuneration Committee.

Term and Approval

Mr. Bhumralkar’s term as Independent Director will be 3 years, contingent upon the approval of the shareholders. This appointment reinforces the company’s governance structure and leadership.

Expertise and Experience

Mr. Sunil R. Bhumralkar brings over 38 years of professional experience in Assurance and Financial Accounting Advisory services within prominent accounting and auditing firms. He is a Fellow Member of the Institute of Chartered Accountants of India, bringing significant expertise to the Cyient board.

No Inter-Director Relationships

It has been confirmed that Mr. Sunil R. Bhumralkar has no familial or professional relationship with any existing Directors, Key Managerial Personnel, or members of the Promoter group within Cyient Limited.

Source: BSE

E.I.D.-Parry (India) Limited has approved the sale of its entire 50% stake in the Joint Venture Company, Algavista Greentech Private Limited. The decision was made during a board meeting held on September 19, 2025. The sale is expected to be completed within three months, with E.I.D.-Parry receiving ₹8 Crores from the transaction.

Stake Divestment

E.I.D.-Parry (India) Limited is divesting its complete 50% stake in Algavista Greentech Private Limited. The decision was formalized during a meeting of the Board of Directors on September 19, 2025.

Transaction Details

The consideration for the sale is ₹8 Crores. The buyer is Synthite Industries Private Limited, the other joint venture partner, which currently holds the remaining 50% stake in Algavista Greentech Private Limited. This acquisition will give Synthite Industries full ownership of Algavista Greentech Private Limited.

Financial Impact

In fiscal year 2024-25, Algavista Greentech contributed a small percentage to E.I.D.-Parry’s financials. The revenue contribution was 0.046% (₹1.46 Crores), and net worth contribution was 0.4134% (₹10.50 crores).

Timeline

The transaction is expected to be finalized within three months.

Source: BSE

E.I.D.- Parry (India) Limited announced the de-classification of certain persons from the ‘Promoter and Promoter Group’ category. The company’s Board of Directors approved the request letters received from M/s. Coromandel Engineering Company Limited (CECL) and M/s. Yanmar Coromandel Agrisolutions Private Limited (YCAS). This decision follows a meeting held on September 19, 2025. The declassification is subject to the receipt of no-objection from the Stock Exchanges.

Promoter Group Restructuring

E.I.D.- Parry (India) Limited has approved the reclassification of certain entities within its ownership structure. Specifically, the company has agreed to declassify certain individuals from the ‘Promoter and Promoter Group’ category, marking a shift in the internal composition of the company’s key stakeholders. This was decided during a board meeting on September 19, 2025.

Key Entities Involved

The decision impacts M/s. Coromandel Engineering Company Limited (“CECL”) and M/s. Yanmar Coromandel Agrisolutions Private Limited (“YCAS”), both of which requested to be declassified from the ‘Promoter and Promoter Group’. The Board of Directors has approved the submission of the necessary applications to the stock exchanges.

Conditions for Declassification

The declassification is contingent upon obtaining a No Objection Certificate from both the BSE Limited and the National Stock Exchange of India Limited. Furthermore, both CECL and YCAS have confirmed their commitment to comply with all relevant regulations. The final declassification is subject to the receipt of formal no-objection from the stock exchanges.

Source: BSE

The Multi Commodity Exchange of India (MCX) has received a show cause notice from the GST Department on September 18, 2025. The notice pertains to the alleged availment of excess Input Tax Credit amounting to ₹3,83,81,524 for the financial year 2021-22. MCX is currently in the process of responding to the notice and is engaging with the appropriate authorities.

GST Department Notice

Multi Commodity Exchange of India Limited (MCX) announced that it has received a show cause notice from the GST Department regarding Input Tax Credit. The notice was issued on September 18, 2025.

Details of the Alleged Violation

The show cause notice alleges excess availment of Input Tax Credit amounting to ₹3,83,81,524 for the financial year 2021-22. This is related to section 73(1) of the Goods and Service Tax Act, 2017.

Potential Financial Impact

The GST Department has proposed to levy interest of ₹3,05,11,734 and a penalty of ₹38,38,152. MCX stated that it is currently assessing the notice and preparing a response to the authorities. The Company believes this notice will not have material impact on the financials.

Company Response

MCX is currently responding to the show cause notice before the appropriate authorities.

Source: BSE