Adani Enterprises: A wholly-owned subsidiary of Adani Enterprises- Adani Defense and Aerospace, announced that the company had signed agreements to acquire Air Works for the consideration of Rs 400 crore. As per the statement, Air Works is the oldest, maintenance, repair and operations (MRO) organisation with six maintenance bays and more than 900 maintenance experts. India’s MRO market is expected to grow three times from 1.7 billion to 5 billion by 2030, the company added. 

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L&T Technology Services Limited: It is a listed subsidiary of Larsen & Toubro Limited working on Engineering and R&D (ER&D) services. India’s leading pure-play engineering services company reported its results for the second quarter of the financial year 2022-23 on Tuesday. Revenue grew at 24% year-on-year (YoY) to  Rs 1,995 crore. The EBIT margin of the company stood at 18.2%. The net profit reported was Rs 2,824 million, a growth of 23% YoY. The company also announced an interim dividend of Rs 15 per share.

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Praj Industries Limited: The company on Tuesday reported the performance of the second quarter of the financial year 2022-23 stating 44.4% year-on-year growth in net profit at Rs. 48.13 crore. The net profit for Q1 FY23 was Rs. 41.26 crore and Q2FY22 was Rs. 33.34. Revenue stood at Rs. 876.58 crore, a growth of over 64% against Rs. 532.41 crore (Q2FY22). The company also reported the order intake during the quarter at Rs. 981 crores, up by over 31% year-on-year. 

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Mahindra CIE Automotive Limited: The company reported its quarterly performance on Tuesday with a 3.04% growth in net profit to Rs 171.37 crore. Sales were recorded at Rs 2,723.15 crore with a growth of over 30% against the corresponding quarter a year ago. 

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Network18 Media and Investments Limited: The company reported a net loss of Rs 36.49 crore as against a net profit of Rs 39.02 crore in the corresponding quarter a year ago. Sales rose by 11.65% to Rs 1,548.89 crore in the reviewed quarter.