Order books are swelling for infrastructure players, with NCC landing a ₹1,076 crore contract and Ellenbarrie securing nearly ₹962 crore from BHEL. Power Mech Projects’ margins contracted despite revenue growth, while Trident’s CEO resignation adds a governance wrinkle. Here’s what’s moving.

NCC

• Order Book: Secured a ₹1,076.71 crore water supply contract in Andhra Pradesh's Anakapalli region, strengthening its water infrastructure footprint. Stock closed at ₹130.29 in the previous session, down 1.9%.
• Corporate Action: Trading window closed from October 1 until 48 hours after Q2FY27 results declaration for directors and promoters.

Vikram Solar

• Order Book: Won a 400 MW order for N-Type TopCon modules from a leading EPC player for agri-solar projects in Maharashtra. Stock closed at ₹160.08 in the previous session, down 0.14%.

IRFC

• Deal: Signed a ₹4,200 crore term loan agreement with Damodar Valley Corporation for renewable energy projects, diversifying beyond railway lending.

Zydus Lifesciences

• Regulatory: Cleared USFDA inspection of its New Jersey pharmacovigilance system with nil observations. The Ahmedabad SEZ II plant received one observation with no data integrity issues.

Ellenbarrie Industrial Gases

• Order Book: Bagged two separate orders from BHEL totaling ₹961.73 crore for air separation units (ASU) in Odisha and elsewhere, with an eight-quarter execution period. Stock closed at ₹359.05 in the previous session, down 2.56%.
• Capacity: Commissioned a 325 TPD ASU at Durgapur under a 15-year take-or-pay deal with Jai Balaji Industries, boosting onsite revenue.
• Management: AGM resolutions passed with 99.99% support; Padam Kumar Agarwala re-appointed as Managing Director.

Power Mech Projects

• Earnings: Q1FY27 net profit rose 11% YoY to ₹89.32 crore, but EBITDA margin contracted 320 bps to 10.78% due to material costs. Revenue grew 26% to ₹1,623.68 crore. Stock closed at ₹2,364.30 in the previous session, down 1.79%.
• Order Book: Order book stands robust at ₹17,317 crore, covering over 2.5 years of revenue. Also won a ₹279.20 crore O&M contract from TSGENCO.

GE Shipping

• Capex: Plans to acquire a new-building 157,000 DWT Suezmax tanker, with delivery expected in H2FY29.

NIS Management

• Order Book: Secured ₹120.14 crore in work orders since its September 2025 IPO, targeting ₹500 crore consolidated revenue for FY27. Stock closed at ₹39.15 in the previous session, down 2.12%.
• Regulatory: Closed FY23 GST proceedings as replies were satisfactory; filed a writ petition against ESIC regarding a ₹2.17 crore claim.

Trident

• Management: Group CEO Samir Joshipura resigned effective September 30, 2026, citing personal reasons. No successor announced yet. Stock closed at ₹22.93 in the previous session, down 0.82%.

Rays of Belief

• Earnings: Q1FY27 net profit turned positive at ₹27.87 million vs a loss last year. Revenue surged 136% YoY, and EBITDA jumped 900%. Stock closed at ₹223.01 in the previous session, down 4.23%.
• Deal: Acquired City Pro Group in the US for $2 million to expand pediatric developmental care services.

Bottom Line

The day highlights a strong appetite for infrastructure and industrial capex, evidenced by heavy order inflows for NCC and Ellenbarrie. While Power Mech shows volume growth, margin pressures remain a watchpoint. Investors should track how these order wins translate into quarterly execution and profitability.