NOVEMBER, 20258TOP STORIESTOP STORIESGREAVES COTTON ENGINES TO POWER LIGIER'S NEW EURO V+ MODELSBMW VENTURES BAGS 4.53 CR PSU STRUCTURAL STEEL ORDERGreaves Cotton has deepened its global footprint with a fresh partnership that puts its Euro V+ certified diesel engines at the heart of Ligier's newest light quadricycle models.The collaboration brings the 499cc REVO D+ engine to Ligier's JS50 and Myli range, marking a strong push for cleaner, efficient, and compliant mobility solutions across Europe.Ligier, one of Europe's most recognised quadricycle makers with a 2024 turnover of 192 million, is rolling out these updated models across major markets including France, Italy, Spain, Germany, Portugal, the Netherlands, and the Nordic region. The new single-cylinder, 4-stroke engines, equipped with electronic fuel injection, are designed for the L6e category and developed at Greaves' advanced facility in Chhatrapati Sambhajinagar.Parag Satpute, managing director and group CEO, Greaves Cotton, said, This partnership with Ligier is a proud milestone for Greaves Cotton, showcasing how a Made-in-India powertrain is driving European mobility solutions. As a trusted partner to OEMs worldwide, we continue to strengthen our comprehensive solutions driven approach that meet the demands of global OEMs for highest standards of performance, efficiency, and sustainability.Christian Dujardin, CEO, Ligier Group, said: Our partnership with Greaves has been marked by outstanding collaboration and mutual trust. Together, we have succeeded in bringing to market the new 499cc REVO D+ engine - a modern, efficient, and reliable powertrain that perfectly meets todays market expectations, regulatory standards, and customer demands.With the partnership gaining momentum, Greaves Cotton continues to accelerate its industry presence. The company recently posted a 707.8 percent jump in consolidated net profit to Rs 26.01 crore, backed by a 15.6 percent rise in net sales during Q2 FY26, strengthening its position as a tech-driven engineering player with a global focus. According to the payment terms, the company will receive a 5 percent advance, while the remaining amount will be paid after installation. Due to confidentiality obligations, the PSU's name has not been disclosed.The company operates across multiple verticals, including the trading and distribution of steel products, tractor engines, and spare parts, as well as the manufacturing of PVC pipes, roll-formed products, PEB structures, and RDSO-certified steel girders. In Q2 FY26, BMW Ventures reported a 12.5 percent increase in standalone net profit to 7.11 crore, supported by a 6.18 percent rise in operating revenue to 501.85 crore compared with Q2 FY25.Its primary business remains the distribution of long and flat steel products throughout Bihar, where it is backed by a robust network of more than 1,200 dealers across 29 districts. The company's PEB and girder manufacturing facility in Purnea has an annual capacity of roughly 12,000 metric tonnes.For FY 2025, BMW Ventures posted consolidated revenue of about 2,062 crore and a profit after tax of 32.82 crore. In September 2025, it launched an IPO worth 231.66 crore to strengthen working capital and reduce debt, which stood at 428.39 crore as of March 31, 2025. BMW Ventures announced that it has secured a 4.53-crore order from a major public sector undertaking (PSU) for the supply of structural steel. The contract covers the supply, fabrication, and coating of structural steel for a pre-engineered building (PEB), with delivery scheduled within 12 weeks of the purchase order.
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