An NHAI corridor contract for Dilip Buildcon and a milestone in Maruti Suzuki’s electric-vehicle exports lead this afternoon’s company news. Two companies also disclosed tax and customs demands, and CG Power’s subsidiary has made a new investment.
In Simple Words
A few companies announced new work or investments this afternoon, while others reported tax or customs claims against them. These are company-specific updates and do not say anything about the wider market.
1. Dilip Buildcon emerges lowest bidder for a ₹688-crore Solapur corridor
Dilip Buildcon has been declared the lowest bidder for an NHAI project to build a four-lane elevated corridor in Solapur, Maharashtra. It will be built on the Hybrid Annuity Mode, with 24 months for construction followed by a 15-year operating period.
| Project value | Length | Construction period |
|---|---|---|
| ₹688.23 crore | 9.66 km | 24 months |
2. Maruti Suzuki’s made-in-India EV exports pass 50,000
Maruti Suzuki says it has now shipped more than 50,000 electric vehicles made in India since exports began in August 2025. The cars have gone to nearly 50 countries, and the company puts its share of India’s electric passenger-vehicle exports at 93% for April–September of FY27.
Also Read: Top 10 Indian Market News Today, October 29, 2026: SEBI, Railway Order and IPOs
| EV exports since launch | Export markets | Share of EV passenger-car exports, Apr–Sep FY27 |
|---|---|---|
| More than 50,000 | Nearly 50 countries | 93% |
3. CG Power’s subsidiary backs silicon-carbide startup ThinSiC
Axiro Semiconductor, a wholly owned subsidiary of CG Power, has joined California-based ThinSiC as an investor and strategic partner. The two plan to develop and sell lower-cost silicon-carbide power devices, including for rail traction and grid equipment.
4. Bajaj Electricals loses two GST appeals
Bajaj Electricals disclosed two appellate orders that uphold a combined GST demand of ₹9.36 crore for FY2018–19. The company is looking at further legal options, including an appeal before the tribunal.
| Total demand upheld | Period |
|---|---|
| ₹9.36 crore | FY2018–19 |
5. Kovai Medical Center hit with a customs demand on 1990s imports
Kovai Medical Center & Hospital has disclosed a customs adjudication order on medical equipment it imported between 1990 and 1993. The order asks for customs duty of ₹1.89 crore plus interest, a redemption fine of ₹3 lakh and a penalty of about ₹18.95 lakh.
| Customs duty | Redemption fine | Penalty |
|---|---|---|
| ₹1.89 crore plus interest | ₹3 lakh | ₹18.95 lakh |
6. ICRA keeps Bikaji Foods at AA-
ICRA reaffirmed Bikaji Foods International’s long-term rating at AA- with a stable outlook and its short-term rating at A1+. The rating covers bank facilities of ₹147.32 crore.
| Long-term rating | Short-term rating | Rated facilities |
|---|---|---|
| AA- (Stable) | A1+ | ₹147.32 crore |
Disclaimer: This article is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell any stock. OneTrader is not a SEBI-registered investment adviser or research analyst. Investors should do their own research and consult a qualified financial adviser before making investment decisions.
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