Market Preview, June 22, 2026: Jio DRHP Filing, Nestle Dividend Date, RVNL ₹2,977-Cr NMDC Win, Bharat Forge Navy Deal and Tata Motors 3,400 eCV Orders to Keep Markets Busy on Monday

Mumbai, June 22: Investors in India on Monday will be tracking development related to Jio Platforms IPO. Reliance Industries on Friday announced IPO which could become India’s largest ever stock market listing. Nestle shares will be tracked for the final dividend announcement while Tata Motors Commercial Vehicle shares will be tracked for its eCV order. Here’s what you should track. 

Reliance Industries (RELIANCE) — Jio Platforms Files DRHP with SEBI for Landmark IPO 

Jio Platforms, the telecom and digital services arm of Reliance Industries, submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) on Friday, June 19, formally kicking off what could become one of India’s largest-ever stock market listings. The proposed IPO will consist of a fresh issuance of 27 crore equity shares. Jio Platforms houses Reliance’s telecom business — with over 480 million subscribers — alongside its digital assets including JioSaavn, JioTV, JioMart and its expanding suite of AI-powered services unveiled at last week’s AGM. The filing comes weeks after Mukesh Ambani had indicated at the 49th AGM that the Jio IPO timeline was on track. Markets will closely watch for SEBI’s observations, deal size, pricing band, and the extent of any offer-for-sale component, which could determine how much of the proceeds flow to Reliance Industries as the parent entity. 

Nestle India (NESTLEIND) Board to Consider Special Dividend on July 3; Record Date Set for July 10 

Nestle India’s Board of Directors is scheduled to meet on July 3 to consider the proposal for a special dividend for 2026, if any, in addition to its already-announced final dividend for FY2025-26. The company has fixed July 10 as the record date for determining shareholders eligible to receive both the final dividend and any special dividend for the financial year. Nestle India has a strong track record of rewarding shareholders and any special dividend announcement would follow a period of healthy earnings growth for the Swiss consumer goods giant’s India unit. Investors will watch the July 3 board meeting closely for the quantum of any payout and management commentary on near-term demand trends in the packaged foods segment. 

Rail Vikas Nigam (RVNL) Bags ₹2,977-Crore NMDC Contract for Vizag Logistics Facility 

Rail Vikas Nigam (RVNL) has secured a Letter of Award from state-run mining major NMDC for the development of buffer stockyards and a blending facility at Visakhapatnam, Andhra Pradesh, valued at ₹2,977 crore including GST. The project involves setting up buffer stockpiles and a blending yard with a material handling capacity of 10 million tonnes per annum (MTPA) at the Visakhapatnam port, and is to be executed over 42 months. Buffer stockyards and blending facilities are the backbone of mining logistics — they allow companies like NMDC, India’s largest iron ore producer, to manage raw material inventories, maintain consistent quality standards, and ensure uninterrupted supply to customers. RVNL confirmed the contract is a domestic award and does not involve related-party transactions. The order adds meaningfully to RVNL’s order book and reinforces its growing role as a preferred engineering partner for large-scale PSU infrastructure mandates beyond railway projects. 

Bharat Forge (BHARATFORG) Signs ₹425-Crore Navy Contract for Indigenous Gas Turbine Generators 

Shares of Bharat Forge will be in focus after the company signed a ₹425-crore contract with the Ministry of Defence for the supply of Gas Turbine Generators (GTGs) to the Indian Navy for onboard power generation on Kolkata-class destroyers. The contract, awarded under the Buy (Indian) category of the Defence Acquisition Procedure (DAP) 2020, will be executed over five years. The new generators, rated at 1.25 MW, will replace lower-capacity units currently deployed on the vessels. Beyond the commercial value of the order, the contract carries strategic significance: it marks Bharat Forge’s entry into the marine gas turbine business and will result in the first indigenous gas turbine-based power plant to be deployed aboard Indian Naval ships. The win underscores the government’s Aatmanirbhar Bharat push in defence manufacturing and adds a new vertical to Bharat Forge’s already diversified defence portfolio. 

Tata Motors Commercial Vehicles (TATAMOTORS) Secures 3,400+ Electric Vehicle Orders Across Segments 

Tata Motors Commercial Vehicles announced on Sunday that it has secured over 3,400 electric commercial vehicle (eCV) orders across freight and passenger segments, comprising approximately 2,000 small commercial vehicles and pick-ups, around 900 electric trucks, and around 500 electric buses. The orders span a wide range of sectors — from e-commerce, logistics, FMCG and FMCD distribution to cement, steel, mining and tarmac operations, as well as intra-city and inter-city passenger transport. The breadth of the order book is notable: it signals that electric commercial vehicles in India are moving beyond pilot-stage deployments into mainstream operational use across heavy industries. Tata Motors already has more than 3,800 electric buses in service across Indian cities. The stock will be watched for commentary on delivery timelines, pricing realisation on the eCV mix, and any margin tailwinds from the shift toward higher-ticket electric trucks and buses. 

Source

• bseindia.com
• nseindia.com
• Company press releases