Tejas Networks, Tata Steel, Krystal: Corporate Action Roundup

Tejas Networks secured a substantial Letter of Intent from Tata Consultancy Services on August 27, 2026, for the BSNL 4G mobile network expansion. This order, valued at Rs 1537 crore, involves supplying RAN equipment and installation materials for 18,685 sites.

Tejas Networks Secures Major BSNL 4G Contract

The agreement specifies the provision of crucial equipment and accessories required to build out the extensive 4G infrastructure. This development marks a significant step in India’s ongoing telecommunications upgrade.

• Project Value: Rs 1537 crore
• Sites Covered: 18,685
• Recipient of LoI: Tejas Networks
• Issuing Entity: Tata Consultancy Services (TCS)
• Date of LoI: August 27, 2026

Tata Steel Strengthens Subsidiary Holdings

Tata Steel has completed the acquisition of equity shares in T Steel Holdings (TSHP), its wholly owned foreign subsidiary. This strategic move ensures TSHP maintains its status as a wholly owned entity of the company.

• Shares Acquired: 1,620,370,371 equity shares
• Face Value per Share: $0.0864
• Aggregate Value: $140 million (Rs 1,340.16 crore)
• Subsidiary Status: Continues as wholly owned

Krystal Integrated Services Wins Sanitation Order

Krystal Integrated Services received a new work order from the Shree Shyam Mandir Committee in Khatu Shyamji, Rajasthan. The contract focuses on essential sanitation and waste management services.

• Contract Value: Around Rs 6.60 crore (excluding taxes)
• Service Area: 200 to 250 meters around Shree Khatu Shyamji temple
• Contract Duration: 12 months

ACME Solar Commissions New BESS Project

ACME Solar Holdings, through its wholly owned subsidiary ACME Suryodaya, successfully commissioned a new Battery Energy Storage System (BESS) Project in Rajasthan. This expansion significantly boosts its operational capacity in the region.

• New Capacity: 15 MW/240.752 MWh
• Location: Sanwara and Mehar Nagar, Jaisalmer, Rajasthan
• Commissioning Date: August 27, 2026
• Commercial Operation Date (COD): August 29, 2026
• Total Commissioned Capacity (ACME Suryodaya): 300 MW / 1354.224 MWh

RailTel Secures Cloud Hosting Renewal

RailTel Corporation of India obtained a work order from the Cotton Corporation of India (CCI) for cloud data center hosting. This renewal covers various critical applications, ensuring continued digital infrastructure support.

• Order Value: Rs 38.59 crore (excluding tax)
• Services: Renewal of Cloud Data Center Hosting for Oracle EBS, e-Office, BITS, Cotbiz & Kapas Kisan Applications
• Issuing Entity: Cotton Corporation of India (CCI)

Dr. Lal PathLabs Subsidiary Completes Neuome Stake Acquisition

Dr. Lal PathLabs’ wholly owned subsidiary, Dr. Lal Ventures, finalized its subscription of a 30% stake in Neuome Technologies on August 27, 2026. This transaction establishes Neuome as an associate of Dr. Lal PathLabs.

• Stake Acquired: 30% in Neuome Technologies
• Completion Date: August 27, 2026
• Acquiring Entity: Dr. Lal Ventures (Wholly owned subsidiary of Dr. Lal PathLabs)

Viviana Power Tech Wins GETCO Turnkey Contract

Viviana Power Tech secured a new turnkey contract amounting to Rs 9.74 crore (inclusive of taxes) from M/s Gujarat Energy Transmission Corporation (GETCO). The project involves significant cable laying and commissioning work in the Rajkot Zone.

• Contract Value: Rs 9.74 crore (inclusive of taxes)
• Scope of Work: Laying, erection, testing, and commissioning of 66kV 1C, 300sqmm & 1C, 630sqmm XLPE Cable for various lines (Package-2)
• Execution Period: 24 months from LoA date
• Client: M/s Gujarat Energy Transmission Corporation (GETCO)

These corporate announcements highlight ongoing infrastructure development, strategic investments, and service expansion across various sectors in India, signalling active market dynamics.