SME Weekly Bulletin - August, 18 2024 to August, 25 2024
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Orders and Agreements
Friday, 23 August 2024
1. Dynamic Services & Security Ltd received an order from Northern Railway for providing manpower and services such as cooking, cleaning, and linen management. The contract, valued at โน1,17,31,964.70, will be executed over two years, from 29th August 2024 to 28th August 2026.
#DYNAMIC
2. Australian Premium Solar (India) Ltd received a purchase order valued at โน14.54 crore for the supply of solar panels and inverters. The order is expected to be completed within 5 days.
#APS
3. Abhishek Integrations Ltd received a work contract valued at โน165.59 lacs, including GST, for the operation and maintenance of electrical and mechanical installations at Visakhapatnam Airport.
#AILIMITED
4. DroneAcharya Aerial Innovations Ltd has received an order worth โน50.44 lakhs from IIT Ropar for drone technology training. The project involves training 150 individuals under the Punjab Skill Development Mission, with the program running from August 2024 to January 2025.
#DRONACHRYA
5. Sunita Tools Ltd received a domestic purchase order worth โน3.48 Crores for mould base plates from an OEM, machine manufacturer, and steel processor. The contract is to be executed promptly.
#SUNITATOOL
6. Sathlokhar Synergys E&C Global Ltd received an order worth โน13.33 crore from AAA Blue Chip Projects Private Ltd for constructing a factory building for GE Oil & Gas India Pvt Ltd in Coimbatore. The project spans 4.16 acres and is expected to be completed by April 2025.
#SSEGL
Thursday, 22 August 2024
7. Ahasolar Technologies Ltd received a โน56 lakh consultancy contract from GIZ GmbH to develop project reports for five lakes in Jammu and Kashmir. The project is expected to be completed in nine months.
#AHASOLAR
8. Australian Premium Solar (India) Ltd received a โน10.68 Crore order from Jharkhand Renewable Energy Development Agency (JREDA) for the supply of 512 Solar Water Pumping Systems on a turnkey basis. The order is to be completed by 31st October 2024.
#APS
9. Drone Destination Ltd secured a โน2.55 crore contract from Bangalore Development Authority for drone surveys and 3D model generation, marking a key expansion in urban mapping services.
#DRONE
10. Naman In-Store acquired two orders valued at โน6 crores each for manufacturing retail shop fixtures, with a total unexecuted order book now at โน25 crores. They also invested in advanced machinery for quality improvement and signed an MOU for land acquisition near their existing plant.
#NAMAN
Wednesday, 21 August 2024
11. Green Bharat Ltd received a work order worth โน4,47,93,000 for the installation of 70 solar energy-based bore well water pumping systems in PHED Region Udaipur. The contract involves comprehensive operation and maintenance for seven years.
#GGBL
12. SA Tech Software India Ltd inaugurated a Global Capability Centre (GCC) for Tenable Ltd, with an estimated annual contract value of โน7 crore.
#SATECH
13. Ahasolar Technologies Ltd secured a โน31 lakh consultancy contract for PMC support for a 3MW Solar PV Project at Mormugao Port Authority, to be executed within six months.
#AHASOLAR
14. Vishnusurya Projects and Infra Ltd secured a โน123.34 crore EPC contract under the Palamu Pipeline Irrigation Scheme to lift water from the North Koel and Auranga rivers for reservoir filling in Palamu District, Jharkhand.
#VISHNUINFR
15. Nephrocare India Pvt. Ltd. received โน28.02 lakhs as a grant from the Govt. of West Bengal for R&D on a low-cost hemodialysis machine with remote monitoring. This is the 1st installment of a 3-year project costing โน41.12 lakhs.
#NEPHROCARE
16. Premier Roadlines Ltd received contracts worth โน20.07 crores for transportation services, including orders from German, Japanese, and Indian MNCs in sectors like energy and infrastructure. Orders span up to one year for transporting diverse consignments, including heavy machinery and solar modules.
#PRLIND
Tuesday, 20 August 2024
17. Vinyas Innovative Technologies Ltd received purchase orders worth โน49.22 Crores from various domestic and international customers. The orders will be executed based on the defined terms.
#VINYAS
18. Rulka Electricals Ltd secured new orders worth โน49,77,011 from Avenue Supermarts (โน34,27,002 for LV work in Goa) and Runwal Construction Pvt Ltd (โน15,50,009 for fire fighting work in Mumbai). Execution by fiscal year-end.
#RULKA
Monday, 19 August 2024
19. Supreme Power Equipment Ltd received a โน3.41 crore order from Seshasayee Paper and Boards Ltd for the refurbishment of power and distribution transformers, to be completed within 3-4 months.
#SUPREMEPWR
20. Sathlokhar Synergys E&C Global Ltd received an order worth โน20.17 crore from Komatsu India Pvt Ltd for the construction of a 4200 Sq. M. warehouse with civil, PEB, and MEP works, expected to be completed by March 2025.
#SSEGL
21. Knowledge Marine & Engineering Works Ltd secured a โน9.69 crore contract from New Mangalore Port Authority for hiring a RSV Type IV Security Patrol Boat for five years.
#KMEW
22. Digikore Studios secured a $1.2 million (โน10 crore) contract for VFX services for a major U.S. OTT series. The project will commence in October 2024, with completion expected by February 2025.
#DIGIKORE
23. Ishan International Ltd received an order worth โน600 million from Reliance Industries Ltd for the supply of construction materials. The order is expected to be completed within the current financial year.
#ISHAN
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Agreement / MoU / LoI
Wednesday, 21 August 2024
24. RNFI Services Ltd secured a contract with State Bank of India, Lucknow Circle, to provide KYC verification services, including address and phone verifications, effective from September 1, 2024, for one year.
#RNFI
25. Kaushalya Logistics Ltd secured a freight forwarding agreement with HFCL Ltd to manage the entire logistics process, including GPS-enabled trucks and material handling, strengthening its market position in the logistics sector.
#KLL
Tuesday, 20 August 2024
26. Techknowgreen Solutions Ltd entered into an MoU with ARK Sustainable Technologies Pvt Ltd for collaboration in sustainability and environmental science. The partnership includes research, cross-selling services, and global market expansion, with a profit-sharing ratio of 75:25.
#TECHKGREEN
27. RMC Green Energy Pvt Ltd, a subsidiary of RMC Switchgears Ltd, received approval from the Rajasthan Renewable Energy Corporation to set up a 50 MW Renewable Energy Park under the Rajasthan Renewable Energy Policy 2023. This milestone advances the companyโs entry into the solar park business, positioning it as a renewable Independent Power Producer (IPP). Additionally, RMC is pursuing tenders over 600 MWp, aiming to secure 1 GWp in EPC contracts within 18 months.
#RMC
28. DroneAcharya Aerial Innovations Ltd signed an MoU with SISIR Radar, securing exclusive rights to resell SISIR's products in Southeast Asia and Africa. The partnership will boost DroneAcharya's Defence and SpaceTech offerings with SAR technology for enhanced landscape reconstructions.
#DRONACHRYA
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News / Events / Announcements
Saturday, 24 August 2024
29. Technopack Polymers Ltd announced the addition of a new CCM24SA Compression Moulding Press CCM production line specifically for shortneck caps. The expansion is expected to increase their production capacity by approximately 300 million beverage bottle caps annually.
#TECHNOPACK
30. Agarwal Float Glass India Ltd received the Gold Performer Award and Gold Elite Award, ranking 4th in the North Zone nationally, for its exceptional performance in the Industrial Glass Sector. The awards were announced during a ceremony hosted by the Gold Plus Group on August 23, 2024, in Hong Kong.
#AGARWALFT
Friday, 23 August 2024
31. TAC InfoSec Ltd issued a press release detailing its decision to acquire 100% of the shares of Cyber Sandia, a U.S.-based cybersecurity firm, through its subsidiary TAC Security Inc. Cyber Sandia holds a statewide government contract with the State of New Mexico for IT professional services. This acquisition will allow TAC Security to significantly enhance its presence in the U.S. public sector and expand its cybersecurity services nationwide.
This acquisition coincides with the State of New Mexico's recent decision to increase its cybersecurity budget by $45 million to protect state infrastructure. TAC Security has already established a strong relationship with New Mexico's government entities, including collaborations with the State Auditorโs Office and Attorney Generalโs Office. By acquiring Cyber Sandia, TAC Security plans to leverage this partnership and pursue similar contracts across other U.S. states, reinforcing its position as a trusted cybersecurity partner for government agencies.
The transaction, valued at $25,000, is expected to close by 31st August 2024.
#TAC
32. Cellecor Gadgets Ltd has been recognised as the "Fastest Growing Consumer Electronics Brand 2024" at the 3rd DEVICENEXT Summit & Awards. The award highlights Cellecor's rapid market expansion, product innovation, and commitment to delivering quality consumer electronics.
#CELLECOR
33. Krishna Defence & Allied Industries Ltd achieved โน453.8 million in Q1FY25 revenue, with a significant contribution from the defence sector. The company has an open order book of โน2,286 million and signed an MoU with Vabo Composite for manufacturing composite doors and hatches.
#KRISHNADEF
34. Royal Sense Ltd has launched the Stergic Dengue IgG/IgM Rapid Test, an in vitro diagnostic tool for detecting dengue virus antibodies. The product will be available for sale starting August 23, 2024, targeting the domestic market.
#ROYAL
35. Goyal Salt Ltd has secured an enhanced credit facility of โน55 Crores from Yes Bank, including a bank guarantee, cash credit, and term loans to support its working capital and unit expansion.
#GOYALSALT
36. Exhicon Events Media Solutions Ltd plans a significant 5-year expansion, focusing on venue management, establishing over 15 venues in Tier 2 cities, and setting financial growth targets of 50% CAGR. Subsidiaries are expected to contribute 40% of revenue, with an emphasis on debt-free growth.
#EXHICON
Thursday, 22 August 2024
37. Sonalis Consumer Products Ltd entered into a โน14.52 crore MOU with Mr. Devendra K. Viradiya and Mrs. Bhavna D. Viradiya for industrial land and an under-construction warehouse in Gujarat. The company will issue 24.2 lakh equity shares as consideration.
#SONALIS
38. Rajgor Castor Derivatives Ltd scheduled annual maintenance at its Castor Oil plant in Harij, Gujarat. This will cause temporary operational disruptions and production shortfall.
#RCDL
39. Cargosol Logistics Ltd was recognized as the "Most Preferred Workplace 2024-25" by Marksmen Daily for its commitment to fostering a culture of appreciation, recognition, and continuous development in the workplace.
#CARGOSOL
40. Sati Poly Plast Ltd has approved issuing a corporate guarantee of โน25 Crores for Osho Tradeflex Pvt Ltd, a promoter group company. This guarantee secures a facility from Citibank for working capital and capital expenditure on a new plant.
#SATIPOLY
Wednesday, 21 August 2024
41. V R Infraspace Ltdโs subsidiary, Daxon Realty Ltd, has received the RERA registration certificate for the "VR SKYLINE" project from Gujarat Real Estate Regulatory Authority. The registration is valid until March 31, 2029.
#VR
42. Zenith Drugs Ltd completed construction of its new plant in Indore, Madhya Pradesh, with production of tablets and liquid oral formulations set to begin in September 2024.
#ZENITHDRUG
43. Getalong Enterprise Ltd has applied for trademark registration of โTax Witโ as part of its plan to develop a mobile app for individual tax return filing, expected to launch by Q4 FY 2024-25.
#GETALONG
44. Royal Sense Ltd launched the Stergic Chikungunya IgG/IgM Rapid Test on August 21, 2024, for domestic markets. This diagnostic tool detects Chikungunya virus antibodies in blood, providing quick results within 15-20 minutes.
#ROYAL
45. Sealmatic India Ltd expects significant opportunities following BPCL's โน1.75 lakh crore investment in oil refining, petrochemicals, and green energy. The company aims to supply 750 API mechanical seals by 2030, capturing 15% of the market share from BPCLโs expansion projects.
#SEALMATIC
Tuesday, 20 August 2024
46. Emmforce Autotech Ltd received a demand notice from the Superintendent of Central Goods & Services Tax, Baddi, regarding a demand of โน7,68,044 under Section 73(1) of the CGST Act, 2017, and a penalty of โน76,804 under Section 73(9) for wrongly availing Input Tax Credit during FY2019-20. The company is examining the order and plans to take remedial measures, with no expected impact on financial or operational activities.
#EMMFORCE
47. RBM Infracon Ltd has appointed Sanjay Kumar Singh as the new President of the Oil & Gas Division, effective November 2023. His extensive experience in the industry aligns with the company's strategy to expand its operations in the sector.
#RBMINFRA
48. Royal Sense Ltd launched the Stergic Typhoid IgG/IgM Rapid Test on August 20, 2024, a diagnostic product catering to the domestic market, designed to detect antibodies for typhoid fever.
#ROYAL
49. Veefin Solutions Ltd appointed Shantanu Bairagi, a supply-chain FinTech founder and ex-Kotak Mahindra corporate banker, as the CEO of its subsidiary, Veefin Capital Pvt Ltd. He will focus on driving growth and innovation in supply chain finance for MSMEs.
#VEEFIN
50. Aimtron Electronics achieved 28% YoY growth with โน232.61 million revenue in Q1 FY25. The company has open orders worth โน1300 million, supported by expansion into defence, IoT, and AI, along with increased operational efficiency and global reach.
#AIMTRON
Monday, 19 August 2024
51. Jeena Sikho Lifecare Ltd empanelled with ECHS for comprehensive medical care in Jaipur & Kota hospitals under AYUSH treatment packages, with priority services for ECHS beneficiaries. JSLL
52. Bright Outdoor Media Ltd launched a new 20x20-foot Digital LED Hoarding in Matunga, marking their 30th DOOH installation in 18 months, enhancing their leadership in the DOOH space with 180 ad slots per minute. BRIGHT
53. Digikore Studios Ltd secured a US$1.2 million (โน10 crore) order for VFX and Virtual Production services on a major American OTT series, with project completion expected by February 2025. DIGIKORE
54. Kore Digital Ltd reported a significant YoY income growth of 1031.50% in Q1 FY25, reaching โน50.77 crore. The company also commenced the Optic Fiber duct laying project on the Mumbai Nagpur Expressway and secured a major order from Navayuga Engineering. KDL
55. Sealmatic India Ltd received a renewal of its certification from the Ministry of Science and Technology for its R&D facilities, enhancing its reputation for innovation in mechanical seals. SEALMATIC
56. TAC Security added 250 new clients in July 2024 across 34 countries, including major brands like Western Digital and Cars24, bringing their Q1 FY25 total to 590 clients. The company aims for 3,000 clients by March 2025 and 10,000 by 2026. TAC
57. Exhicon Events Media Solutions Ltd's first phase of the Multipurpose Convention & Exhibition Centre in Pune will be ready by mid-November 2024. The venue has a capacity of 500 to 50,000 pax, featuring advanced facilities for concerts, conferences, and exhibitions. EXHICON
Sunday, 18 August 2024
58. V R Infraspace Ltd received a Certificate of Registration as an "A" Class approved contractor from the Medium Irrigation Project Division, Ankleshwar, Government of Gujarat. The registration is valid until December 31, 2026, enabling the company to take up projects in Roads, Buildings, and Irrigation across Gujarat. VR
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