Corporate Round-Up: Adani Ports to Acquire Evos B V, HCC Appoints New CEO, and Multiple Companies Secure Major Orders

A series of significant corporate developments and market disclosures have emerged across the business landscape, highlighted by major international acquisitions, executive appointments, and substantial order wins for infrastructure and technology firms.

Adani Ports and Special Economic Zone (APSEZ) announced its intent to acquire a 100 percent stake in Netherlands-headquartered Evos B V from Igneo Infrastructure Partners. The all-cash transaction carries an enterprise value of €2.56 billion (approximately ₹27,142 crore). According to APSEZ's exchange filings, the deal values the equity of Europe's second-largest independent liquid-storage operator at €1.18 billion (₹12,511 crore). The acquisition will be funded via debt and remains subject to regulatory approvals and works council consultations.

In the infrastructure and energy sector, Rajesh Power Services Ltd secured a turnkey order worth ₹1,628.74 crore, inclusive of taxes, from Dakshin Gujarat Vij Company Limited (DGVCL). This order expands the company's aggregate order book to approximately ₹5,400 crore, marking a 35 percent increase from its previous ₹4,000 crore standing. Meanwhile, Hindustan Construction Company Limited (HCC) announced the appointment of Vivek Singhal as its Chief Executive Officer, effective November 5, 2026. Singhal brings over four decades of EPC and infrastructure experience, having managed projects and assets worth approximately ₹28,500 crore across five countries.

Other notable infrastructure updates include STL Networks emerging as the L1 bidder for a ₹555 crore order from Power Grid Corporation of India Ltd for the implementation of a Centralized Security Operations Centre for OT Assets of Substations (OT-SOC). Knowledge Marine & Engineering Works Limited (KMEW) completed the acquisition of River Pearl 48, a Trailing Suction Hopper Dredger (TSHD), at a capital cost of roughly ₹250 crore to bolster its dredging fleet. Additionally, Ashoka Buildcon Ltd has been declared the lowest bidder for a National Highways Authority of India (NHAI) project, and Lokesh Machines Limited secured an order worth ₹19.89 crore from Cummins India Limited.

In the technology and services segment, Hexaware Technologies was selected as a strategic technology partner for the European Bank for Reconstruction and Development (EBRD) under a five-year Strategic Partner Framework. The partnership covers the Bank's Run-Change-Transform technology portfolio, focusing on embedding AI, data, and intelligent automation into operations. Blue Cloud Softech Solutions Ltd entered into a Memorandum of Understanding with Kasten Development Ltd in Ghana to explore international business expansion and growth opportunities for its AI-driven platforms. Furthermore, Anondita Medicare Ltd received a purchase order from the Central Medical Services Society, Ministry of Health and Family Welfare, to supply over 5.66 crore pieces of free-supply condoms.

"The latest market updates reflect a robust phase of strategic expansion and operational scaling across Indian enterprises, ranging from large-scale international acquisitions like APSEZ buying Evos B V, to domestic infrastructure providers strengthening their order books. When companies secure substantial turnkey contracts or expand their global technological footprint—as seen with Hexaware and Blue Cloud—it demonstrates a balanced growth across traditional engineering and digital sectors. Clear capital allocation, prudent debt-funded acquisitions, and strong execution capabilities will remain critical for sustaining long-term value in this competitive environment." — Dr. Shishir Gupta, Founder & CEO, StartupLanes