Power Mech Projects Ltd Concall Summary for Q4FY26 MANAGEMENT COMMENTARY • FY26 delivered strong diversified execution growth • Focus shifted toward integrated EPC and BOP projects • Management highlighted strong operational visibility till FY30 • Strong emphasis on mining and non-power diversification • Leadership remained confident on execution pipeline OUTLOOK • FY27 order inflow target guided at ₹12,000 crore • Revenue visibility remains strong through FY30 • MDO assets expected to generate ₹2,100–2,200 crore revenue • New 4–5 MTPA mining capacities to ramp gradually • Non-power EPC opportunities expected to scale strongly INDUSTRY • Thermal power capex cycle remains highly robust • Domestic EPC opportunity size estimated at ₹60,000 crore • Infrastructure and mining capex supporting demand • Global freight and raw material inflation remain risks • Geopolitical disruptions continue impacting supply chains GROWTH DRIVERS • Won 800 MW Singareni BOP project from BHEL • Operating cash flow surged sharply to ₹430 crore • Entered urban transit O&M via Mumbai Monorail • Expanding mining and African infrastructure presence • Focus on integrated EPC execution improving scale RISKS • ₹1,563 crore BESS order got cancelled in FY26 • Water division bill certifications remained delayed • EBITDA growth lagged strong revenue expansion • Rising execution and freight costs pressured margins • International geopolitical volatility remains monitorable PRODUCT MIX • Total order backlog stood at ₹55,151 crore • Core executable order book remained at ₹15,899 crore • Power segment contributed 64% of FY26 revenue • Non-power segments contributed 36% of revenue • India accounted for 95% of total revenue mix FINANCIALS • Q4 revenue surged 30% YoY to ₹2,121 crore • Q4 EBITDA rose 2% YoY to ₹237 crore • EBITDA margin came at 11.17% • Q4 PAT increased 18% YoY to ₹153 crore • FY26 revenue grew 16% YoY to ₹6,170 crore • FY26 EBITDA stood at ₹750 crore • FY26 PAT reached record ₹412 crore • Net debt-to-equity remained comfortable at 0.32x CONCLUSION • Power Mech delivered strong FY26 operational growth • Cash flow improvement strengthened balance sheet quality • Massive order backlog ensures long-term visibility • Margin pressure and execution delays remain monitorables #PowerMechProjects

4. #PowerMechProjects A fast-growing EPC company with exposure to nuclear infrastructure. What it does: • Erection, testing, and commissioning services • Works on turbines, generators, and plant infrastructure Order book: ₹18,300 crore Growth metrics: • 3Y Sales CAGR: 24.5% • 3Y Profit CAGR: 35.9% • ROCE: 26.8% Higher growth potential, but also higher risk.

#PowerMechProjects Cmp- 2606 Power Mech’s nuclear construction execution could become an important hidden growth driver over the next few years. The company has already participated in major nuclear project execution packages, especially in turbine island construction and related mechanical works. This is significant because nuclear power construction requires very high technical precision, strict safety compliance and specialized execution capability. Not many EPC contractors in India have this experience. Power Mech is not involved in building the nuclear reactor itself. Its role is in areas like turbine erection, generator installation, piping, civil construction and balance of plant works. These are areas where the company already has deep expertise from thermal power projects, making nuclear a natural extension of its existing capabilities. India is now pushing strongly toward nuclear power expansion as part of its long term clean energy strategy. Multiple new reactors are expected to be built through Nuclear Power Corporation of India Limited over the coming years. That creates a long runway of execution opportunities for experienced contractors like Power Mech. One major advantage of nuclear projects is their long duration. Execution often stretches over many years, giving strong revenue visibility and stability. Another important benefit is that competition is limited. Once a company establishes nuclear credentials, repeat orders become easier because clients prefer proven execution partners. This can also improve margins, since specialized nuclear work generally carries better pricing power than standard EPC contracts. Over time, nuclear construction can also create future O&M opportunities, allowing Power Mech to benefit even after plant commissioning. The market is currently focused more on Power Mech’s thermal EPC, mining growth and battery storage opportunities. Nuclear execution remains a less discussed but potentially very valuable strategic vertical. If India’s nuclear buildout accelerates, Power Mech could quietly emerge as one of the key listed beneficiaries.

Power Mech Projects Ltd won the tender worth ₹296.44 Cr from Mumbai Metropolitan Region Development Authority for Operations and Maintenance of the Mumbai Monorail Sant Gadge Maharaj Chowk to Chembur. #MumbaiMonorail #TenderUpdate #MMRDA #PowerMechProjects #Infrastructure

#MarketsWithBS | Power Mech Projects gains 7% after bagging ₹296 cr #MumbaiMonorail O&M deal #Stocks #markets #stockmarket #sharemarket #PowerMechProjects Read it on the app: bit.ly/_BS_App mybs.in/2g5N8wx

⚡ Power Mech Projects: ₹1,700 Cr Adani Orders in 30 Days, Order Book at ₹57,811 Cr, ₹709 Cr O&M Win The O&M Order – 5-Year Recurring Revenue (16th Mar'26): · Client: Adani Infrastructure Management Services Limited · Project: Operations & Maintenance including overhauling of 5x660 MW thermal power plant at Tiroda, Maharashtra · Order Value: ₹709.56 Crore · Contract Period: 60 months (April 1, 2026 – March 31, 2031) · Significance: Long-term O&M contract – high-margin, recurring revenue stream Previous Adani Wins (18th Feb'26) – Over ₹1,000 Cr: · Order 1: ₹515 Cr – Erection, testing & commissioning for ultra-supercritical thermal project at Mirzapur (36 months) · Order 2: ₹490 Cr – Similar scope for project at Mahan (36 months) · Total from Adani in 30 days: ₹1,714.56 Cr Total Adani Orders in Feb-Mar'26: · ₹515 Cr (Mirzapur) ₹490 Cr (Mahan) ₹709.56 Cr (Tiroda O&M) = ₹1,714.56 Crore Order Book – Massive Visibility: · Order Book (Jun'25) : ₹53,972 Cr (10.3x FY25 sales) · Order Backlog (Feb'26 Presentation) : ₹57,811 Cr (including MDO) · Coverage: 3 years visibility · Order Book Progression: ₹7,333 Cr (FY21) → ₹57,053 Cr (FY24) → ₹57,811 Cr (Feb'26) Growth Guidance: · FY26 Revenue Target: ₹6,500 Cr (24% growth) · FY27 Target: 20-25% growth to ₹7,800-8,000 Cr · FY26 Order Inflow Target: ₹10,000 Cr (missed FY25 target of ₹12,000 Cr due to elections/delays) · Track Record: FY25 actual growth 24% vs guidance 27% – minor miss New Growth Verticals (Feb'26 Presentation): · BESS (250 MW) : ₹104 Cr/year for 15 years – annuity revenue · Solar (13.66 MW) : ₹7 Cr/year for 25 years – long-term visibility · MDO Contracts: 16-25% EBITDA margins at peak – high-margin opportunity Asset & Workforce Scale: · Fixed Asset: ₹231 Cr (Mar'24) → ₹343 Cr (Sept'25) – 48% growth · CWIP: ₹72 Cr as of Sept'25 · Manpower: 10,908 employees (Q1 FY26) · FY26 Capex Guidance: ₹500 Cr (mainly for washery and regular capex) Q3 FY26 Performance (Good): · Revenue: ₹1,420 Cr, up 6% YoY · Net Profit: ₹100 Cr, up 15% YoY · EBITDA: ₹160 Cr, margin 6% · 9MFY26 Revenue: ₹3,951 Cr. · 9MFY26 PAT: ₹259 Cr. Segment Mix (9MFY26): · Power: 58% of revenue · Infrastructure: 28% · Industrial: 14% Order Book Composition (Dec'25): · Power: 47% · Infrastructure: 36% · Industrial: 17% Financial Context: · Market Cap: ₹6,224 Cr · TTM PE: 19x · PRG Ratio: 0.57 Red Flags – Monitor: ⚠️ Insider Selling: ₹168.7 Cr worth shares sold (Aug'23-Sept'24) ⚠️ Competitive Industry: Intense bidding based on experience, financials, and price ⚠️ Order Inflow Miss: FY25 target ₹12,000 Cr vs actual lower due to elections/delays. What This Means: · Adani Relationship Deepens: Multiple wins across O&M and EPC · Recurring Revenue Mix: ₹709 Cr O&M adds stability to earnings · Execution Visibility: ₹57,811 Cr order book provides 3 years visibility · New Energy Transition: BESS and solar add annuity streams Key Monitorables: ✅ Order inflow toward ₹10,000 Cr FY26 target ✅ O&M margin profile (expected 12-15%) ✅ BESS & solar project execution ✅ Working capital management Bottom Line: Power Mech's ₹1,714 Cr Adani orders in 30 days – including the ₹709 Cr 5-year O&M contract – demonstrate its strong execution credentials and deep client relationships. With ₹57,811 Cr order book, new annuity verticals (BESS, solar) , and 18x PE, the stock offers compelling value in India's infrastructure build-out. #PowerMechProjects #Adani #OandM #ThermalPower #OrderBook #BESS #Infrastructure

Power Mech Projects Power Mech Projects Limited ला Adani Infrastructure Management Services कडून ₹710 कोटींचा ऑर्डर मिळाला आहे. #PowerMechProjects #StockMarketNews

#PowerMechProjects – Order Win ✅ ₹709.56 Cr O&M and overhauling contract for Tiroda Thermal Power Plant (5×660 MW) 🕒 Duration: Apr 2026 – Mar 2031 🔔 Real-time Order alerts on WhatsApp → finq.in

📊 BUSINESS UPDATES AT A GLANCE – 19-02-2026 Here’s your complete daily business updates snapshot 🧵👇 🌊 MARINE / OFFSHORE / ENERGY SERVICES 🔹 #ABSMarineServices – Acquiring new Offshore Anchor Handling, Towing & Supply Vessel. Fleet expansion in Q4 FY26 strengthens offshore energy logistics capacity. 🔹 #Seamec – SEAMEC DIAMOND off-hired for statutory drydock. Temporary pause; ONGC contract to resume post compliance maintenance. 🤖 AUTOMATION / DRONES / TECH MANUFACTURING 🔹 #ARAPL – ₹15 Cr preferential investment via ATRI Energy Transition (~₹248/share). Capital boost for robotics & automation scale-up. 🔹 #CreativeNewtech – Drone distribution pact with PDRL (~60% India drone software share). Strengthens agri, logistics & defence tech exposure. 🛩 AEROSPACE / ADVANCED ENGINEERING 🔹 #BharatForge – MoU with VVDN for AI servers, defence electronics & autonomous systems. Strategic electronics manufacturing integration play. 🔹 #Aequs – ₹230.71 Cr infusion into aerostructure arm ASMIPL. Debt reduction CAPEX ahead of aviation demand recovery. 🔹 #PTCIndustries – Q3 revenue 114% YoY. Orders from Blue Origin, Honeywell & ISRO. Strong aerospace casting momentum. 🔹 #NetwebTechnologies – Launched “Make in India” AI supercomputers (NVIDIA GB10/GB200). 10T parameter capability. Sovereign AI hardware positioning. 🔹 #KSHInternational – CARE rating upgraded to A; Stable. ₹450 Cr facilities reviewed. 🔹 #KrishanaPhoschem – CRISIL upgrade to A /Stable. ₹756 Cr facilities covered. 🏗 INFRA / RAIL / CONSTRUCTION 🔹 #BLKashyap – ₹300 Cr housing project (Greater Noida). 42-month execution visibility. 🔹 #RVNL – ₹1,201 Cr Rail-cum-Road bridge over Ganga (60% JV share). Major UP infra execution. 🔹 #PowerMechProjects – >₹1,000 Cr Adani thermal orders. 36-month supercritical execution pipeline. 🔹 #Omaxe – RERA approvals till 2030 for key Faridabad projects. Enables monetisation cycle. 🔹 #PrestigeEstates – 10 million sq ft Hyderabad residential expansion via 100% LLP acquisition. ⚡ ENERGY / AI / STORAGE 🔹 #PaceDigitek – USD 1.34 Mn mobile BESS export order. Delivery by April 2026. 🔹 #LarsenAndToubro – NVIDIA partnership for sovereign AI factory. Scaling GPU clusters to 70 MW combined. 💊 HEALTHCARE / PHARMA 🔹 #ZydusLifesciences – USFDA nod for Bosentan (pediatric PAH). US market ~$9.3 Mn. Total approvals now 432 ANDAs. 🛍 FMCG / CONSUMER 🔹 #HUL – ₹2,000 Cr CAPEX over 2 years in Beauty & Home Care. Automation renewable-powered facilities focus. 🔹 #SafariIndustries – 20-year CARLTON brand license. ₹99.5 Cr security deposit. Premium luggage expansion. 🔹 #CromptonGreaves – EA400 AC Stabilizer launch. Incremental product portfolio expansion. 💻 IT / SaaS / DIGITAL 🔹 #Aurionpro – Mumbai hyperscale data centre win. End-to-end brownfield execution. 🔹 #IntellectDesign – Launched eMACH.ai AI-first banking (550 agents). Claims 10x faster onboarding. 🔹 #NucleusSoftware – Incorporated Vietnam subsidiary. Southeast Asia expansion. 🔹 #Unicommerce – Shipway integrates ElasticRun for hyperlocal logistics in 6 metros. 🚢 LOGISTICS / PORTS / GLOBAL TRADE 🔹 #AdaniPorts – MoU with Port of Marseille under IMEC corridor. Targets 1B tonnes throughput by 2030. 🔹 #GNGElectronics – Distribution tie-up with Ingram Micro & Supertron. Refurbished 5.9 lakh devices in FY25. 🔹 #CashUrDrive – Acquired 50% in EV charging monetisation platform Charjkaro. ⚙ INDUSTRIAL / CAPITAL ACTIONS 🔹 #JindalSaw – API monogram suspension (temporary). Capacity redirected; minimal material impact expected. 🔹 #KodyTechnolab – ₹8.6 Cr 9th tranche warrant receipt. Total upfront collections now ₹24.36 Cr. 📌 Disc: No Reco only info. DYOR. Business discussions: chat.whatsapp.com/KHPYqY7EgD… 🔁 Like / Share / Rtweet / Follow for more such updates.

इस कंस्ट्रक्शन कंपनी को मिले 1000 करोड़ के दो ऑर्डर, क्या अब शेयर खरीदने का यही है सही समय? #PowerMechProjects | Power Mech Projects | stock market | #stockmarket ibc24.in/stock-market/power-…

🧵 Recent Significant #BusinessUpdates 🟠 #AurionproSolutions Secured a high-value brownfield Data Centre project in Mumbai from a global developer. The execution spans 3 quarters within a live campus, reinforcing its hyperscale infra capabilities amid rising AI-driven data demand. Mumbai now accounts for ~53% of India’s DC capacity. 🟡 #CashUrDrive Acquired 50% stake in Charjkaro Greentech Mobility to expand into EV charging ecosystem monetization. FY25 income stood at ₹139.32 Cr with ₹17.68 Cr PAT; listed on NSE Emerge in Aug 2025. 🟢 #CreativeNewtech Entered Pan-India distribution partnership with Passenger Drone Research (PDRL), which holds ~60% share in India’s drone software market. Targets agriculture & defense sectors under Drone Shakti & Drone Didi initiatives. 🔵 #KSHInternational CARE Ratings upgraded long-term facilities to CARE A; Stable and short-term to CARE A1. Rated exposure exceeds ₹450 Cr, reflecting improved financial health and repayment capacity. 🟣 #KodyTechnolab Received ₹8.60 Cr (9th tranche) against preferential convertible warrants issued at ₹1,400/share. Total ₹24.36 Cr received so far (25% upfront payments), supporting robotics & IT expansion roadmap. 🟠 #KrishanaPhoschem Crisil upgraded rating to A /Stable with total rated bank facilities of ₹756 Cr. Reflects sustained financial stability and operational strength across fertilizer & industrial segments. 🟡 #NetwebTechnologies Launched NVIDIA Blackwell-powered AI supercomputers under ‘Make in India’. Tyrone Camarero Spark delivers 1 Petaflop at just 240W; GB200 system supports 10T parameter LLM training. Shipping has begun. 🟢 #LarsenAndToubro Partnering with NVIDIA to build India’s largest gigawatt-scale AI factory under IndiaAI Mission. Plans GPU cluster scaling to 30 MW in Chennai & expansion in Mumbai to power sovereign AI infrastructure. 🔵 #PowerMechProjects Secured >₹1,000 Cr orders from Adani Power subsidiaries for Mirzapur & Mahan 2x800 MW projects. Scope includes erection & commissioning of steam/turbine generators; execution timeline 36 months. 🟣 #SafariIndustries Signed 20-year licensing agreement to use “CARLTON” brand in India. Will pay ₹45 lakh or 5% of net sales annually ₹99.5 Cr refundable deposit. Expands premium luggage positioning. 🟠 #SkyGold Upgraded to IND A/Stable by India Ratings after 103% FY25 revenue growth. Developing 5.4 lakh sq ft Navi Mumbai facility targeting 4.5T/month capacity by FY28; exports targeted at 15–20%. 🟡 #AdaniPorts Signed MoU with Port of Marseille Fos to strengthen IMEC corridor connectivity. Collaboration includes digitalization, low-carbon bunkering & trade integration under India–EU connectivity framework. 📌 Disclaimer: All business updates are for informational purposes only. This is not a buy/sell recommendation. 🔁 Like / Share / RT if you found this useful. Business discussions: chat.whatsapp.com/KHPYqY7EgD…

POWER MECH PROJECTS ✅ Q3 Consolidated Net Profit at ₹996 Cr vs ₹866 Cr YoY ✅ Q3 Revenue rises to ₹14.2 Cr vs ₹13.4 Cr YoY ✅ Q3 EBITDA improves to ₹1.6 Cr vs ₹1.51 Cr YoY ✅ EBITDA Margin largely stable at 11.27% vs 11.29% YoY #PowerMechProjects #Q3Results #EarningsUpdate

#Q3WithETNOW | Power Mech Projects reports Q3 earnings; checkout the numbers👇 #StockMarketIndia #EarningsWithETNOW #PowerMechProjects

🧵 Significant latest BUSINESS UPDATES 🔹 #PTCIndustries Secured high-value development & supply orders via subsidiary Aerolloy from Blue Origin (BE-4 engines) and ISRO–VSSC. Covers superalloy castings and titanium alloy ingots using advanced Double VAR process. Positions PTC as a critical global supplier in space, defence & aerospace materials. 🔹 #LTElevator Approved merger of Ricardo Elevators to enter premium D2C home elevator segment. Ricardo brings ~₹6 Cr/month order inflow and strong brand in residential elevators. Integration to improve operating leverage via in-house manufacturing and pan-India reach. 🔹 #UnimechAerospace Subsidiary Innomech bagged ₹72.2 Cr NPCIL order for Tarapur Nuclear Power Station. Staggered execution till Dec’28, reinforcing long-visibility defence & nuclear revenue. Strengthens diversification beyond aerospace into critical national infrastructure. 🔹 #WelspunCorp Won new export order for large-diameter coated pipes in the Americas. Global order book stands strong at ₹23,460 Cr, execution spread across FY26–FY28. Provides multi-year revenue visibility across India & US manufacturing assets. 🔹 #BEL Secured additional ₹596 Cr defence electronics orders post Jan’26 disclosure. Includes drone detection & jamming systems, communication terminals & upgrades. Reinforces BEL’s leadership in indigenous defence electronics and systems integration. 🔹 #PowerMechProjects Subsidiary PM Green won ₹3,126 Cr BESS order from WBSEDCL (incl. Greenshoe). Project size 250 MW / 1,000 MWh, BOO model with 100% offtake guarantee. Marks major entry into grid-scale energy storage with long annuity revenue. 🔹 #TanfacIndustries Approved ₹495 Cr fluorinated chemicals expansion (20,000 TPA) at Cuddalore. Also cleared ₹500 Cr QIP, stock split (₹10 → ₹5), and key board-level changes. Strengthens downstream specialty chemicals play with commissioning by Nov’26. 🔹 #WaareeEnergies Storage arm WESSPL raised ₹1,003 Cr toward 20 GWh battery plant (₹10,000 Cr plan). Parent also received 105 MW solar module order for FY26 delivery. Accelerates Waaree’s transition into an integrated solar storage powerhouse. 🔹 #DrLalPathLabs Launched SOVAAKA, a next-gen preventive wellness & diagnostics centre in Gurugram. Combines advanced imaging, AI diagnostics, genetics & personalised care programs. Signals shift from disease detection to prediction-led healthcare model. 🔹 #LemonTreeHotels Approved major group reorganisation separating asset-heavy ownership from asset-light management. Fleur Hotels to house properties; Lemon Tree to remain pure-play hotel operator. Unlocks capital efficiency, growth funding up to ₹960 Cr, and potential separate listing. 🔹 #AimtronElectronics Entered railway signalling systems via strategic manufacturing partnership. Targets SIL-compliant, safety-critical systems aligned with Kavach rollout. Expands presence into high-complexity, regulated infrastructure electronics. 🔹 #E2ENetworks Deployed 1,024 NVIDIA B200 GPUs (~184 TB GPU RAM) at Chennai data centre. Built for large-scale AI model training, sovereign cloud & real-time AI workloads. Positions E2E as a leading domestic AI compute infrastructure provider. 🔹 #ServotechPower Entered E-3W segment with launch of SULTAN Li-ion batteries and Zest chargers. Also unveiled Volt ie 2kW solar inverter for residential & MSME users. Strengthens end-to-end clean mobility distributed solar ecosystem. 🔹 #SenoresPharma Approved ₹95 Cr preferential issue via convertible warrants at ₹812/warrant. Funds to support growth plans; conversion window up to 18 months. Signals promoter confidence and balance sheet strengthening. 🔹 #SriLotusDevelopers Entered GIFT City, Gujarat with ultra-luxury mixed-use project (~1 mn sq ft). Asset-light JV model improves capital efficiency beyond Mumbai market. Expands exposure to India’s emerging global financial hub. 🔹 #CMSInfoSystems Bagged ₹1,000 Cr, 10-year integrated cash management contract from SBI. Covers ~5,000 ATMs; first direct PSU-bank outsourcing of this scale. Adds ~₹500 Cr incremental revenue visibility with tech-led service integration. 🔹 #AstraMicrowave JV Astra Rafael secured ₹275.27 Cr IAF order for MiG-29 SDR & network upgrades. Includes supply for MiG-29 and LCA Mk-1A platforms; execution within 12 months. Strengthens presence in mission-critical defence avionics. 🔹 #DdevPlastiks Approved entry into BESS manufacturing with Phase-1 5 GWh facility. Capex estimated at ₹150–200 Cr; commissioning targeted FY27. Diversifies into high-growth energy storage & grid stability solutions. 📊 Business discussions: chat.whatsapp.com/KHPYqY7EgD… disc: not a buy/sell recommendation. Educational content only. DYOR.

Stocks In News | Order Win Boost For BHEL & Power Mech Projects - BHEL bags ₹5,400 cr order from Bharat Coal Gasification, Project tenure 42 months⁠ - ⁠Power Mech wins BESS order from West Bengal discom @vinnii_motiwala @CNBCTV18News #StocksInNews #BHEL #PowerMechProjects #OrderWin #BESS

#PowerMechProjects secures ₹3,126 crore battery storage orders from #WBSEDCL @jpullokaran buff.ly/5wtkHcX

At the One World One Family World Cultural Festival, we are honoured to present the One World One Family Global Leadership Award 2025 to Mr Kishore Babu, Founder, Chairman & Managing Director of Power Mech Projects Ltd. A visionary entrepreneur and mechanical engineer, Mr Babu has transformed Power Mech into a global power with a turnover exceeding $6 billion and a workforce of over 50,000 people. Through the Power Mech Foundation, he continues to champion education, healthcare, and social upliftment for marginalised communities. We thank him for his presence and for reminding us that great leaders don’t just build companies, they build humanity. #SriMadhusudanSai #SMSGHM #WCF2025 #WCF100 #OneWorldOneFamilyMission #OWOFGlobalLeadershipAward #PowerMechProjects

#PowerMechProjects Q2 Results | Net profit rises 12% on 20% revenue growth #2QWithCNBCTV18 | @jpullokaran buff.ly/XeOrCh0

POWER MECH PROJECTS secures a major order from BHEL! ✅ Project: Execution of Balance of Plant Package (EPC basis) at 1x800 MW Singareni TPS ✅ Order Value: ₹2,500 Crore #PowerMechProjects #BHEL #EPC #PowerSector #Infrastructure #EnergyIndia #MakeInIndia #BusinessNews

🚨 BREAKING: Power Mech Projects bags a ₹2,500 Cr EPC contract from BHEL for Singareni Super Thermal Power Project ⚡🏭 •Project timeline: 38 months ⏱️ #PowerMechProjects #BHEL #ThermalPower #Infrastructure #CorporateNews