Several prominent Indian companies are making headlines with significant developments in their operations and financials. IndiGo has expanded its wide-body aircraft fleet, Larsen & Toubro secured record orders, Welspun Corp won a major contract in Saudi Arabia, and Siemens reported strong quarterly revenue. These movements come as Indian equity markets face cautious trading ahead of global economic decisions.^[1][2][3][4] ### IndiGo Expands International Ambitions India's largest airline, IndiGo, recently finalized a firm order for 30 additional Airbus A350-900 aircraft. This move on October 17, 2025, converts a previous Memorandum of Understanding into a concrete commitment. The new order doubles IndiGo's total A350 aircraft orders to 60.^[1][5] Deliveries for these wide-body jets are expected to begin from 2027.^[6][7] This strategic expansion aims to bolster IndiGo's entry into the long-haul international market. The airline began preparing for these longer flights in March 2025 by leasing six Boeing 787-9 Dreamliner aircraft.^[6] IndiGo's CEO, Pieter Elbers, stated that the expanded order shows confidence in Indian aviation's future and the airline's goal to become a leading global player by 2030.^[1] The A350 aircraft are known for their fuel efficiency and long range, which aligns with IndiGo's global ambitions.^[1] The airline's overall order book now stands at more than 900 aircraft, with deliveries scheduled well into the next decade.^[6][7] In its financial results for the quarter ending December 31, 2024 (Q3 FY25), IndiGo reported an 18 percent drop in net profit, reaching ₹2,449 crore. This compares to ₹2,998 crore in the same period last year. How^[8][9]ever, revenue from operations increased by 14 percent year-on-year, totaling ₹22,111 crore. The c^[8][9]ompany's expenses rose by 20 percent, impacting profitability. IndiG^[8]o saw a 12.7 percent growth in passengers carried and a 12 percent increase in capacity, measured by Available Seat Kilometers (ASK). As of^[8][9] December 31, 2024, IndiGo held a total cash balance of ₹43,780.8 crore, with total debt, including capitalized operating lease liability, at ₹65,138.5 crore. ### Lars^[9]en & Toubro Secures Massive Contracts Engineering and construction giant Larsen & Toubro (L&T) announced a strong performance for the third quarter of fiscal year 2025, which ended December 31, 2024. The company's consolidated net profit grew by 13.9 percent year-on-year, reaching ₹3,359 crore. Revenue als^[2][10][11]o saw a significant increase of 17.3 percent, climbing to ₹64,668 crore for the quarter. International^[2][10][11] revenues contributed substantially, making up 51 percent of the total revenue. L&T reported^[2][10][12] a record-breaking order inflow of ₹1,16,036 crore in Q3 FY25, marking a 53 percent increase from the previous year. The company's c^[2][10][11]onsolidated order book reached an all-time high of ₹5,64,223 crore as of December 31, 2024, reflecting a 19 percent rise from March 2024. International ord^[2][10][11]ers accounted for 42 percent of this substantial backlog. S.N. Subrahmanyan^[2], L&T's Chairman and Managing Director, highlighted that this was the highest ever quarterly order inflow in the company's history. The company cont^[10]inued its strong order momentum into 2025. In May, L&T's Buildings & Factories vertical secured "large" Engineering, Procurement, and Construction (EPC) contracts. These orders, valued between ₹2,500 crore and ₹5,000 crore, include constructing Common Central Secretariat buildings 6 and 7 in New Delhi for the Central Public Works Department. Additionally, L&T wil^[13][14][15]l build the State Legislative Assembly building for the Government of Andhra Pradesh. Both projects are scheduled for completion within an 18-month timeframe. More recently, in Oc^[13][14][15]tober 2025, L&T's Heavy Engineering vertical secured multiple "significant" global and domestic contracts, each valued between ₹1,000 crore and ₹2,500 crore. International wins includ^[16][17]e manufacturing vessels for a Natural Gas Liquids (NGL) fractionator project and a Blue Ammonia project in the United States. The company will also sup^[16][17]ply ammonia and urea processing equipment for two fertilizer plants in Mexico and critical heat exchangers for Brazil. In Saudi Arabia, L&T secu^[16][17]red an amendment to a contract for a refinery and integrated petrochemical complex. Domestically, the Heavy E^[16][17]ngineering vertical received orders for equipment for a petrochemical project in Gujarat. ### Welspun Corp Bags Sa^[16][17]udi Order Welspun Corp, a major player in steel pipes and infrastructure solutions, announced a significant new order on December 8, 2025. Its associate company, East Pipes Integrated Company for Industry (EPIC), secured a contract valued at approximately ₹1,165 crore (over 485 million Saudi Riyals, including VAT) from the Saudi Water Authority. This contract is for the ma^{[3][18][19][20]}nufacturing and supply of steel pipes and has a six-month execution period. The financial impact of thi^{[3][18][21][19][20]}s deal will be reflected in Welspun Corp's Q4 FY26 and Q1 FY27 results. EPIC is a leading manufactu^{[3][18][21][19][20]}rer of Helical Submerged Arc Welded (HSAW) pipes in Saudi Arabia and is known for its integrated facilities and reliable execution. Welspun Corp has reported ^[19][20]robust financial performance recently. For the second quarter of fiscal year 2026 (ending September 2025), the company's consolidated net profit surged by 53.2 percent year-on-year, reaching ₹439.68 crore. Revenue from operations also ^[18][21]increased by 32.5 percent, totaling ₹4,373.61 crore. In the first quarter of FY26 (e^[18][21]nding June 2025), Welspun Corp reported a consolidated net profit of ₹349.16 crore, a 40.8 percent increase year-on-year. Revenue for Q1 FY26 grew by 12.8 ^[22][23]percent to ₹3,586.52 crore. The company's order book for DI pip^[22][23]es, stainless steel bars, and pipes was valued at ₹190 billion ($2.18 billion) in Q1 FY26. Looking at the full fiscal year 2025^[23] (ending March 2025), Welspun Corp's consolidated net profit more than doubled to ₹699.19 crore in Q4 FY25, a 143 percent jump from the previous year. For the entire FY25, net profit stood a^[24][25]t ₹1,908 crore, showing a 71.8 percent year-on-year growth. The company also declared a final dividen^[24][25]d of ₹5 per equity share. As of March 2025, Welspun held a consolidat^[25]ed order backlog exceeding ₹19,500 crore. Management has provided an optimistic outlook^[25] for FY26, projecting a 25 percent year-on-year revenue growth to ₹17,500 crore and an 18 percent rise in EBITDA to ₹2,200 crore. ### Siemens Reports Strong Revenue and Expansion^[24][25] Plans Siemens Limited announced strong financial results for its fourth quarter of fiscal year 2025, which concluded on September 30, 2025. The company's revenue increased by 16 percent to ₹5,171 crore. New orders also saw a 10 percent rise, reaching ₹4,^[4][26][27]800 crore. Profit after tax (PAT) for the quarter was ₹485 crore^[4][27]. While PAT was down 7 percent year-on-year, this was mai^[4][26][27]nly due to a one-time gain from a property sale in the previous fiscal year. Siemens' order backlog grew by 6 percent, totaling ₹42,^[26][28]253 crore. The Mobility and Smart Infrastructure segments were key d^[4][27]rivers of this robust performance. For the full fiscal year ending September 30, 2025, Siem^[4][26][28]ens reported consolidated revenue from operations of ₹17,364 crore, an increase of 7.98 percent from FY24. Consolidated profit after tax for the 12-month period was ₹^[26]1,688 crore. Siemens is also committed to expanding its factory capacity ^[26]in India under the "Make in India" initiative. This expansion aims to meet both local and global demand for power and rail infrastructure solutions. The company has invested over ₹9,000 crore in India since 201^[29][30][31]5, with an additional ₹1,100 crore announced in November 2023. Siemens currently operates 32 factories and employs more than 34,^[29][30][31]000 people across India. In a separate development, Siemens Energy India, following its d^[29][30]emerger from Siemens Limited, debuted on the stock market at ₹2,840 per share in June 2025. The company announced plans to invest ₹460 crore to expand its Kalw^[32]a transformer manufacturing facility. This investment aims to double production capacity and integrate advanced technologies to support India's growing energy infrastructure needs. The board of directors at Siemens Limited also approved a change in t^[32]he company's financial year from October-September to April-March. The current financial year will now span an 18-month period from October 1, 2024, to March 31, 2026. ### Indian Market Outlook The broader Indian equity markets are exp^[4]ected to trade cautiously on December 9, 2025. Analysts anticipate volatility, with profit booking and outflows from Foreign Institutional Investors (FIIs) likely to weigh on sentiment. This comes ahead of the US Federal Reserve's upcoming policy decision^[33][34][35]. On December 8, the Sensex fell over 610 points, and the Nifty50 dropp^[33][35]ed 226 points. Midcap and Smallcap indices experienced sharp declines. Despite the ^[33][35]recent cautious sentiment, the Indian market has shown u^[33][35]nderlying strength. In the week ending December 1, 2025, both the Nifty 50 and Bank Nifty achieved new all-time highs, supported by strong Q2 GDP growth of 8.2 percent. Domestic institutional buying has remained robust, even with persiste^[36][37]nt FII selling. Experts believe the Nifty could test 26,500 in the short term, with t^[36]he Bank Nifty continuing its strong bullish trend. However, analysts suggest that if the Nifty breaks below the 25,890 l^[36][37]evel, further declines could occur. These major companies continue to navigate a dynamic economic landsc^[34]ape, with their strategic decisions and financial performances drawing significant investor attention as the year concludes.

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