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

Jindal Saw to invest $105 million in Abu Dhabi

The company announced a significant capital expenditure plan in the Middle East, with projects slated for execution over a 12 to 36-month timeline. The company will invest US$ 105 million to set up a 3-lakh tonne per annum seamless pipe plant in Abu Dhabi, which will be 100% owned by Jindal Saw. Additionally, it is entering into two joint ventures in Saudi Arabia – US$ 10 million JV with Buhur investment for HSAW pipes and US$ 3 million JV with RAX United for ductile iron pipes, with 51% stake in both ventures.

Protean eGov gets new order of Rs 100 crore

Protean eGov Technologies Limited has been awarded a significant work order valued at approximately Rs 100 crore by the Bima Sugam India Federation (BSIF) through the RFP process. BSIF, a not-for-profit entity led by key stakeholders of the Indian insurance ecosystem, governs Bima Sugam – a digital public platform envisaged as a unified, nation-scale marketplace for insurance products and services.

Tata Power subsidiary crosses 4GW cumulative solar module output milestone

Tata Power announced that its solar manufacturing arm, TP Solar, has crossed 4 GW of cumulative solar module output at its facility in Tirunelveli, Tamil Nadu. The site has produced 4,049 MW of modules and 1,441 MW of solar cells as of May 31, 2025. With a strategic focus on scaling up production, TP Solar is targeting 3.7 GW of solar cell output and 3.725 GW of module production in FY26.

Reliance Retail, Shein to start international sales of India-made Shein-branded clothes

Fashion retailer Shein and partner Reliance Retail plan to rapidly expand their Indian supplier base and start international sales of India-made Shein-branded clothes within six to 12 months.

Wipro relocates its Middle East headquarters to Riyadh

Wipro Limited announced the relocation of its Middle East regional headquarters from Al Khobar to Riyadh, Saudi Arabia. The new office in Riyadh was inaugurated in a ceremony attended by the Wipro executive team, employees, and customers. This is the latest addition to Wipro’s growing presence in the region, which includes offices in Riyadh, Al Khobar, Jeddah, and Jubail.

ITD Cementation gets new order of Rs 893 crore

ITD Cementation India Limited has secured contract worth ~Rs 893 crore including GST for construction of Berth & Breakwater for the development of Greenfield Captive Jetty(s) in Odisha.

WPIL subsidiary to acquire 55% stake in Paterson Candy

WPIL Ltd’s South African Subsidiary WPIL SA has entered into a Subscription Agreement for acquiring 55% shareholding of Paterson Candy International (SA) Pty Ltd. (PCI Africa), based in Johannesburg, South Africa.

L&T gets new order of Rs 1000-1500 crore

The Heavy Civil Infrastructure (HCI) business vertical of Larsen & Toubro has secured a significant order (~Rs 1000-1500 crore) from JSW Energy for the execution of Bhavali Pumped Storage Project (PSP) in Maharashtra.

KPIL gets new orders of Rs 3,789 crore

Kalpataru Projects (KPIL) secured orders in the Buildings and Factories (B&F) business in India, which includes the Company’s largest B&F order secured till date for development of over 12 million square feet of residential buildings along with associated facilities on design built basis and orders in the Power Transmission & Distribution (T&D) in overseas market. Orders are worth Rs 3,789 crore.

TIL Ltd new strategic business unit

The company announced the formation of a dedicated strategic business unit under TIL Defence to consolidate its expanding defence portfolio and accelerate indigenous production of critical military systems.

IRB Infrastructure’s toll revenue in May up by 9%

The company posted a nearly 9% YoY rise in its toll revenue to Rs 581 crore in May 2025. Revenue from the toll collection business stood at Rs 536 crore in the same month last year. Of its 17 tolls, the IRB MP Expressway in Maharashtra contributed the major share of Rs 159.5 crore to the total revenue collection in April, up from Rs 152.6 crore contribution in May 2024

Jana applies for transition to a universal bank

Jana Small Finance Bank Ltd said it has submitted an application to the Reserve Bank of India (RBI) seeking approval for a voluntary transition from a small finance bank to a universal bank.

South Asia Growth II Holdings may divest up to 5.5% stake in Premier Energies

South Asia Growth Fund II Holdings is likely to divest up to 2.5 crore shares of solar cell and module manufacturer Premier Energies Ltd, representing approximately 5.5% of the company’s equity, through block deals. The floor price for the transaction has been fixed at Rs 1,051.5 per share, which represents up to a 1% discount to the current market price.

JAL extends deadline for submission of resolution plans by 15 days

Jaiprakash Associates Ltd (JAL), which is the flagship firm of Jaypee Group said it has extended the deadline for submission of resolution plans under its ongoing corporate insolvency process by 15 days, pushing the date from June 9 to June 24, 2025.

Capri Global launches QIP of equity shares

The company launched a qualified institutional placement (QIP) of equity shares, setting the floor price at Rs 153.9 per share, according to a regulatory filing. The company said its QIP Committee met today to authorise the opening of the issue and approve the preliminary placement document dated June 9, 2025.

NIBE enters into licensing agreement for manufacturing of modular bridging systems

NIBE Limited has entered into a Licensing Agreement with Research & Development Establishment (Engrs.) (R&DE(E)), Pune, Defence Research and Development Organisation (DRDO), India, Ministry of Defence, Government of India for Transfer of Technology of “Modular Bridging System” of various lengths from 14m to 46m. Under the terms of the technology transfer, Nibe Limited is licensed to manufacture this critical system in India and sell it within specified Licensing Regions for a period of 10 years. This includes exclusive rights to supply the system to the Indian Armed Forces and other Government agencies.

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Source: HDFC Securities Prime Research