Company Profile

SoftTech Engineers has secured a substantial deal to deliver technology service and drive digitalization for YIT in partnership with Tech Mahindra. Tech Mahindra has spearheaded and lead this substantial deal with YIT, the largest Finnish and significant North European development and construction company leveraging SoftTech’s deep experience in digitalization in construction Industry.  Equipped with 25+ years of extensive experience in driving digital transformation in the AEC industry, SoftTech will be providing extensive support to Tech Mahindra on various domain-specific services and products.

EKI Energy Services has incorporated an offshore wholly owned subsidiary Company named as 'Enking Community Projects’ in Singapore on April 18, 2023. The wholly owned subsidiary company has been incorporated with the objects of opening up access to new markets for products and services and expanding brand recognition. The arrangement is a part of global expansion strategy.

Kranti Industries is all set to inaugurate the New State-of-Art Manufacturing facility at 'Plot No. 4, Behind NALCO Water Pirangut, Taluka Mulshi, District Pune on May 15, 2023. The production at a new plant is likely to be commenced immediately on next day of inauguration. This additional capex of the company will assist to cater the growing demand of the products of Kranti Industries.

Seamec’s Vessel --SEAMEC III has completed its contract with HAL Offshore for ONGC work. The Vessel will be undergoing its statutory Dry Dock around May 2023.

AU Small Finance Bank has received permission from Reserve Bank of India (RBI) to act as Authorized Dealer Category-I (AD-I) under section 10 of FEMA, 1999 to deal in foreign exchange. The permission is subject to compliance of applicable regulations.

NBCC (India) has been awarded with the work orders for providing comprehensive design, engineering and Project Management Consultancy (PMC) services for planning, designing and execution of disable accessible platform along roads, iconic cycle track, remodelling sewage system, recycled water network transmission and providing tertiary treatment plant works for Public Works Department, Puducherry.

Mastek has reported results for fourth quarter (Q4) ended March 31, 2023. Mastek has reported over 2-fold jump in its net profit at Rs 52.11 crore for the quarter under review as compared to Rs 20.06 crore for the same quarter in the previous year. Total income of the company increased by 19.49% at Rs 117.97 crore for Q4FY23 as compared to Rs 98.73 crore for the corresponding quarter previous year. On consolidated basis, the company has reported fall of 17.73% in its net profit at Rs 72.59 crore for fourth quarter ended March 31, 2023 as compared to Rs 88.23 crore for the same quarter in the previous year. However, total income of the company increased by 18.23% at Rs 708.77 crore for Q4FY23 as compared to Rs 599.46 crore for the corresponding quarter previous year.