News that may have an impact on prices of some stocks today

Enviro Infra acquires solar power projects

Enviro Infra announced strategic foray into REEWABLE Energy sector with acquisition of 69 MW Solar Power Projects. Under a competitive auction process, the Company has been awarded the bid and consequently received the Letter of Intent (LoI) for acquisition of Vento Power Infra Private Limited from PTC India Financial Services Limited. The project involves the development of a 40 MW (AC) grid-connected solar power plant in the Bolangir District of Odisha, wherein the solar power generation shall be sold at a tariff of Rs 4.10 per unit for a period of approx. 18 years. The acquisition cost for this project is Rs 115.61 crore.

EIE Renewables Private Limited, has acquired Soltrix Energy Solution Private Limited, which has been awarded a 29 MW (AC) solar power project by the Government of Maharashtra through The project is supported by State Financial Assistance (SFA) of Rs 3.20 crore per MW, resulting in Aggregate SFA of Rs 92.80 crore, with a tariffbased revenue of Rs 0.88 per unit over a period of 25 years.

The impact of this news is likely to be positive on the stock of the company.

Garware to acquire Norwegian cordage company

Garware Technical Fibres to acquire leading Norwegian cordage company Offshore & Trawl Supply as part of its global expansion strategy. The acquisition is proposed to be funded through internal accruals of GTFL. The transaction is EPS accretive as well as positive for RoCE. It would acquire the company at ~Rs 110 crore.

The impact of this news is likely to be positive on the stock of the company.

HG Infra Engineering declared lowest bidder for MES project

H.G. Infra Engineering Limited has been declared as lowest bidder for Creation of Integrated Material Handling Facility at the Naval Dockyard in Mumbai (ND (MBI)) by Military Engineer Services (MES) in Maharashtra. The order is valued at Rs 117.8 crore and to be executed in the 30 months.

The impact of this news is likely to be positive on the stock of the company.

GAIL (India) to invest Rs 844 crore for expanding Dahej-UrbanDabhol-Panvel natural gas pipeline

GAIL (India) Ltd will invest ₹844 crore to expand its Dahej-UranDabhol-Panvel natural gas pipeline network capacity to 22.5 mmscmd. The company has also delayed the completion of the Mumbai-Nagpur-Jharsuguda pipeline project to September 2025, increasing its cost by Rs 411.12 crore. Additionally, the SrikakulamAngul pipeline project’s completion is now expected by December 2025 due to pending forest permissions.

India’s crude oil imports in May at record 23.32 million tons

India’s crude oil imports reached a record 23.32 million metric tons in May, up 9.8% month-on-month. The data highlights demand in India, the world’s third-largest importer and consumer of oil, reflecting the broader economic and industrial activities driving it.

Clarks to partner with Metro Brands

Clarks, the iconic British footwear brand has announced a strategic partnership with Metro Brands Ltd, one of India’s leading footwear and accessories retailers. This exclusive partnership marks Clarks’ official comeback to the Indian market, with Metro Brands chosen as the trusted partner to lead the brand’s new chapter in the country. Together, Clarks and Metro Brands aim to redefine the comfort footwear experience in India, blending timeless design with the evolving preferences of discerning Indian consumer.

Solar Industries Limited’s subsidiary gets new Rs 158 crore contract from Ministry of Defence

Solar Defence & Aerospace Limited (formerly known as Economic Explosives Limited) wholly owned subsidiary of Solar Industries India Limited has signed a contract for supply of Defence Product with Ministry of Defence, Government of India. The contract is for value of Rs 158 crore to be delivered within a period of 12 months.

IdeaForge gets new Rs 137 crore order from Ministry of Defence

IdeaForge Technology Ltd has received an order worth approx. Rs 137 crore (all inclusive) to supply Mini UAVs with accessories to Ministry of Defence.

KPIT Technologies says business environment continues to be uncertain

The company in its mid-quarter update mentioned that the overall business environment continues to be uncertain with rising geopolitical concerns and ambiguity around the overall tariff scenario. For the company, the pipeline continues to be strong. Substantial pipeline however is moving in a positive direction. In geography, Europe is looking positive. USA/Asia are a bit uncertain. Do not expect to have any one-time gains in Q1FY26.

Warburg Pincus to sell its stake in SBI General Insurance

US – based private equity firm Warburg Pincus is in talks to sell its stake in State Bank of India’s general insurance unit. Warburg Pincus is negotiating with Premji Invest, the investment unit of Indian billionaire Azim Premji, and SBI, the country’s largest lender, to divest its 10% stake in SBI General Insurance, the report said. SBI presently holds approximately 70% of SBI General Insurance.

BSE Ltd, InterGlobe may be included in Nifty 50

Shares of BSE Ltd and InterGlobe Aviation, the parent company of IndiGo, may be poised to join the Nifty 50 index in the upcoming reshuffle. IndusInd Bank and Hero MotoCorp are among the names that could potentially be removed from the benchmark index in the next review, the report added.

Heritage River Journeys places order for building of two luxury cruise vessels

Heritage River Journeys Private Limited, operating as Antara River Cruises, has signed a construction agreement with Hooghly Cochin Shipyard Limited (Hooghly CSL) – a wholly owned subsidiary of Cochin Shipyard Limited (CSL) to build two inland luxury cruise vessels. These ships are intended for deployment on the Brahmaputra River. The order is valued in the range of Rs 100-250 crore.

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Source: HDFC Securities Prime Research