Market Preview, June 11, 2026: Power Grid’s ₹485-Cr SCADA Upgrade, PPAP Automative-Hutchinson Sealing Tech Tie-Up, Vascon’s ₹347-Cr CPWD Order, Zee’s ₹2,300-Cr Fundraise, and Deccan Gold’s Spain Tungsten Entry to Keep Indian Investors Busy on Thursday 

Mumbai, June 11: Amidst all the mayhem in West Asia, investors in India would be looking at Zee groups shares after the media company approved a plan to raise Rs 2,300 crore for its expansion while Power Grid Corporation of India shares will be tracked after the board approved upgrade of its technology with an investment of Rs 485.04 crore. Here’s what you should track. 

Power Grid Corporation of India 

Power Grid Corporation of India’s board, in its meeting on Wednesday, approved three significant decisions that are likely to keep the stock in focus on Thursday. The board greenlit the upgradation of SCADA (Supervisory Control and Data Acquisition) and associated systems at its National Transmission Asset Management Centre (NTAMC) and Regional Transmission Asset Management Centres (RTAMCs) at an estimated cost of Rs 485.04 crore. SCADA systems form the technology backbone through which Power Grid remotely operates and monitors its transmission substations across the country, and the upgrade is seen as a step toward modernising the grid’s real-time monitoring capabilities in line with the rising complexity of India’s national power network. 

Separately, the board approved an unsecured term loan facility of JPY 80 billion — approximately Rs 4,760 crore at current exchange rates — from the Japan Bank for International Cooperation (JBIC) and participating financial institutions, providing a significant injection of low-cost foreign capital to fund the company’s ongoing capital expenditure programme. On the management front, Venkata Subrahmanayam Vallurie, Chief General Manager (Finance & Accounts), has been appointed as the company’s new Chief Financial Officer with effect from July 1, 2026, following the resignation of the outgoing CFO. 

PPAP Automotive 

PPAP Automotive has entered into a partnership agreement with Hutchinson, a France-based global manufacturer of polymer-based sealing and vibration control systems, to manufacture advanced body sealing systems in India for the passenger vehicle segment. The agreement grants PPAP access to Hutchinson’s technology, licensed know-how, engineering expertise, and technical support — a combination that is expected to meaningfully expand the company’s product capability and competitive positioning in the domestic auto components market. The partnership is particularly relevant given the accelerating premiumisation trend in India’s passenger vehicle segment, where demand for high-specification sealing solutions is rising alongside the increasing complexity of vehicle architectures. 

Vascon Engineers 

Vascon Engineers has received a Letter of Intent worth Rs 347.43 crore from the Central Public Works Department, Guwahati, for the demolition and redevelopment of RBI quarters at Zoo-Narengi Road Colony in Guwahati, Assam, on an Engineering, Procurement and Construction basis. The order adds meaningfully to Vascon’s order book and reinforces its credentials in government-awarded construction projects — a segment where the company has been steadily building its presence. The Guwahati project also provides geographical diversification for a company whose execution has historically been concentrated in Maharashtra and Gujarat. 

Zee Entertainment Enterprises 

Zee Entertainment Enterprises’ board has approved plans to raise a minimum of Rs 2,300 crore in one or more tranches to support the company’s strategic and business expansion initiatives. The fundraise comes at a critical juncture for the broadcaster, which has been rebuilding investor confidence following the collapse of its proposed merger with Sony Pictures Networks India. The capital raise is expected to provide Zee with the financial firepower to invest in content, digital platforms, and distribution infrastructure — areas where the company has faced increasing competitive pressure from both domestic and global streaming players. 

Deccan Gold Mines 

Deccan Gold Mines has announced the signing of a definitive Earn-In, Option and Shareholders Agreement for the Logrosan Tungsten Project located in Spain. Under the agreement, Deccan Gold will invest EUR 1.76 million to progressively acquire an initial 51% stake in Logrosan Minera SL by March 2027, with a subsequent option to increase its ownership to 75% subject to agreed milestones and an independent valuation. The company may further increase its stake to as much as 95% over time through future funding participation and dilution provisions — a structure that limits upfront capital outlay while preserving the path to majority control. The Logrosan project marks a significant geographic expansion for Deccan Gold beyond its domestic exploration focus and into the European critical minerals space, where tungsten — a metal used extensively in industrial tooling, defence applications, and electronics manufacturing — is attracting renewed strategic interest. 

Source

• bseindia.com
• nseindia.com
• psuwatch.com