Daily Bulletin 25-June-25
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📍 ORDER WIN
KNR CONSTRUCTIONS: JV wins ₹4,800 crore coal mine development order from NTPC’s subsidiary in Jharkhand.
RELIANCE INFRA: Bags ₹600 crore defence export order from Germany’s Rheinmetall for high-tech ammunition.
WESTERN CARRIERS: Wins ₹558 crore logistics order from Jindal Stainless for 3-year slab and coil transport.
OM INFRA: Bags ₹199.8 crore contract from NHPC for hydro-mechanical work at Dibang project.
SURYA ROSHNI: Secures ₹75.4 crore order from Gujarat Gas for 3LPE-coated ERW steel pipes.
DEE DEVELOPMENT ENGINEERS: Wins \$10 million (₹87 crore) piping fabrication order from international client.
DYNAMIC SERVICES: Subsidiary secures ₹1.35 crore battery supply order from Eastern Railway.
AIMTRON ELECTRONICS: Secures ₹49.6 crore orders; partners with Mindra for solar inverter manufacturing.
📍 ACQUISITION
URAVI DEFENCE: Acquires UK-based Spafax for £3.4 million to expand global defence tech presence.
ARIHANT FOUNDATIONS: Acquires land for ₹1,200 crore premium residential project in Chennai’s IT corridor.
📍 COLLABORATION
ADANI TOTAL GAS: Partners with Jio-bp to integrate fuel infrastructure across India
TATA TECHNOLOGIES: Launches InnoVent Hackathon 3.0 with AWS to promote smart mobility innovation
NUKLEUS OFFICE: Enters 2-year co-branding and co-working agreement with Qdesq in Gurgaon.
📍 LEADERSHIP CHANGES
INDUSIND BANK: Gopi Krishna appointed as Head of Member Services amid leadership exits at Bharat Financial.
JINDAL STAINLESS: Tarun Khulbe named CFO while continuing as CEO & Whole-time Director.
📍 NEW PROJECTS
DILIP BUILDCON: Receives provisional completion for ₹1,060 crore expressway project in Andhra Pradesh.
RAYMOND REALTY: To launch 6 new real estate projects in FY26 across Thane and Mumbai.
WONDER ELECTRICALS: Commissions 640 kW solar power plant in Uttarakhand to boost sustainability.
📍 FUNDRAISING
UNION BANK: Approves ₹6,000 crore capital raise via equity and bonds for growth and compliance.
SEPC: Rights issue oversubscribed 2.12x; raises ₹350 crore for debt reduction and working capital.
EXICOM TELE: To raise ₹260 crore via rights issue and converts ₹283.2 crore loan into EV unit equity.
JIO FINANCIAL: Infuses ₹190 crore into Jio Payments Bank to bolster capital and operations.
CAMS: To invest up to ₹1 crore in Fintuple Technologies for working capital support.
📍 CREDIT RATINGS
SPICEJET: Clarifies CRISIL ‘D’ rating as outdated and irrelevant amid minor facility non-cooperation.
📍 FII STAKE CHANGES / BOUGHT-SOLD
BHANDARI HOSIERY: Promoter group entity acquires 1 lakh shares via off-market transfer.
📍 IPO
HDB FINANCIAL: IPO subscribed 39% on Day 1; QIB 0.01x, Non-Retail 0.80x, Retail 0.33x.
GLOBE CIVIL PROJECTS: Subscribed 15.2x on Day 2; QIB 8.15x, Non-Retail 21.3x, Retail 16.73x.
ELENBARRIE INDUSTRIAL GASES: Subscribed 0.32x on Day 2; QIB 0x, Non-Retail 0.65x, Retail 0.38x.
KALPATARU PROJECTS: Subscribed 0.38x on Day 2; QIB 0.18x, Non-Retail 0.58x, Retail 0.80x.
SAMBHV STEEL: Subscribed 0.41x on Day 1; QIB 0.16x, Non-Retail 0.73x, Retail 0.61x.
📍 USFDA / REGULATORY
LUPIN: Gets USFDA nod for Prucalopride tablets (generic of Motegrity®) used for constipation.
SMS PHARMA: Central lab clears USFDA inspection with zero observations at Gagillapur facility.
📍 CLARIFICATION
SPICEJET: Denies CRISIL’s D rating relevance; says valid ratings from CARE are in place.
📍 LAUNCHES
BALAJI AMINES: Gets nod to start Isopropylamine production; commercial launch soon.
📍 INCORPORATE / CORPORATE STRUCTURE
NARAYANA HRUDAYALAYA: Gets NSE and BSE nod for merger with Meridian Medical Research.
📍 IT NEWS
IEX: NSE to seek SEBI nod to launch quarterly, yearly electricity futures and CFDs.
📍 TAX ORDER
RCF: Faces ₹204 crore impact as DoF denies recognition of gas use for urea production.
📍 OTHERS
ASK AUTOMOTIVE: To form JV with Germany’s TD Holding for auto cable manufacturing.
VODAFONE IDEA: Said to seek \$2.9 billion in loans to upgrade its telecom network.
SUMIT WOODS: FY25 investor presentation highlights ₹144 crore revenue and 10.36 lakh sq. ft. project pipeline.
HARDCASTLE & WAUD: Loses eviction suit to CCI; evaluating legal options.
MANAPPURAM FINANCE: CCI clears ₹4,385 crore investment by BC Partners; promoter change underway.
CEAT: Approves ₹500 crore NCD issue and ₹400 crore infusion into Sri Lanka unit.
ASK AUTOMOTIVE: To enter JV with German firm for sunroof and helix cables.
WARREN TEA: Board to consider merger with Maple Hotels on June 30.
RBI: June bulletin highlights industrial strength, low inflation, and supportive financial conditions.
HAL: GE Aerospace confirms 12 engine deliveries for 2025, aligned with HAL’s schedule.
DGTR: Initiates probe into subsidized glass imports from Malaysia; Borosil & HNG among potential beneficiaries.
ACME SOLAR: Signs 25-year PPA with SECI for 300 MW Rajasthan solar project at ₹3.05/kWh.
DR. LAL PATHLABS: Boosts genomics capacity by integrating Illumina’s NovaSeq X series for diagnostics.
SECI: Extends bid deadline to June 30 for Green Ammonia tender under hydrogen mission.
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