Power Mech Projects Ltd. has secured an operation and maintenance contract worth Rs.549.37 crore from Moxie Power Generation Ltd., an Adani Group company. The contract relates to the 2×600 MW Tuticorin power plant.

Tata Steel Ltd. has approved an additional investment of up to $2 billion in its wholly owned subsidiary, T Steel Holdings Pte. Ltd. The investment will be made through subscription to equity shares in one or more tranches, taking the aggregate investment limit in the subsidiary to around $26.21 billion.

NCC Ltd. has received a major order valued at Rs.1,076.71 crore for a water-supply project in Andhra Pradesh. The order is among the key business developments putting the infrastructure company in focus during Tuesday’s trading session.

Indian Railway Finance Corporation Ltd. (IRFC) has signed a Rs.4,200 crore loan agreement with Damodar Valley Corporation (DVC) to support renewable-energy projects. The agreement was disclosed by IRFC on September 28 and is among the company’s latest financing developments.

HCLTech’s software division, HCLSoftware, has announced plans to acquire Croatia-based Robotiq.ai for €9 million. The transaction is aimed at strengthening HCLSoftware’s enterprise automation capabilities and expanding the execution functions of its HCL UnO agentic AI platform.

Ola Electric Mobility Ltd. is scheduled to consider a proposal for a rights issue at its board meeting on September 28. The company has not yet disclosed the size, pricing or specific utilisation of the proposed issue, which will remain subject to board and regulatory approvals.

Power Grid Corporation of India Ltd. has received approval from its board to raise funds of up to Rs.10,000 crore from the State Bank of India. The fundraising proposal is part of the company’s financing plans and comes as Power Grid continues to invest in transmission infrastructure.

Steel Authority of India Ltd. (SAIL) has signed a memorandum of understanding related to coal block development, putting the steelmaker among the companies in focus on Monday.

Adani Power Ltd. has completed the merger of certain subsidiaries, according to company-related disclosures highlighted in Monday’s stocks-in-news reports. The restructuring is part of the group’s efforts to streamline its corporate structure.

KPI Green Energy Ltd. has announced that its material subsidiary, Sun Drops Energia Ltd., has completed the acquisition of a 62.91% stake in DEK and Mavericks Green Energy Ltd.