News that may have an impact on prices of some stocks today, 30th June, 2025

Hind Rectifiers receives new order of Rs 101 crore

Company received order worth Rs 101 crore from Indian Railways. It is to be completed in the next 12 months. Company received an order worth Rs 127 crore from Indian Railways as per T&C of railway. It is to be completed in the next 12-18 months. The impact of this news is likely to be positive on the stock price.

Torrent to acquire majority stake in JB Chemicals

Torrent Pharmaceuticals has entered into definitive agreements to acquire majority stake in JB Chemicals and Pharmaceuticals from KKR at an Equity valuation of Rs 25,689 crores (on fully diluted basis), followed by a merger of the two entities that will make it India’s second most valued pharma company. Torrent will acquire 46.39% stake from promoters Tau Investment Holdings Pte Ltd (a unit of global investment firm) for about Rs 11,917 crore. It would additionally buy another 2.8% from certain employees of J B Chemicals at the same acquisition price of Rs 1,600 per share (totaling to Rs 719 crore). Post this, it would make an open offer for buying 26 per cent from open market, as per listing norms, at a price of Rs 1,639.2 per share (about Rs 6,842.8 crore). The open offer price is at a discount to previous closing price of Rs 1,799.35 apiece for JB Chemicals. Post share purchase, JB Pharma will merge into Torrent. Every shareholder holding 100 shares in JB Pharma shall receive 51 shares of Torrent. Strategically, the deal gives Torrent access to J B Pharma’s leading brands in the chronic segment and opens up untapped therapeutic areas like ophthalmology.

Titagarh gets LoA for new order

The Company announced that its consortium with associate company Titagarh Firema S.p.A has received a significant Letter of Approval from Maharashtra Metro Rail Corporation Limited for the Pune Metro Rail Project. This order, valued at approximately Rs 430.53 crore, is for the supply of 12 additional trainsets. The impact of this news on the stock price is likely to be positive.

Coal India to invest Rs 1,067 crores in Talcher Fertilizers

Coal India Ltd (CIL) will invest over Rs 1,067 crore in Talcher Fertilizers Ltd (TFL) by acquiring shares through a rights issue. This investment aims to revive FCIL’s fertilizer unit in Odisha via a coal gasification-based plant. The project, currently 65.66% complete, faced delays due to pandemic-related disruptions and is now undergoing regular reviews to address pending issues.

Mazagon Dock acquires controlling stake in Colombo Dockyard for Rs 452 crore

Mazagon Dock acquired a controlling stake in Colombo Dockyard for Rs 452 crore, marking its first international acquisition. The deal aims to enhance MDL’s position in shipbuilding and repair, unlocking synergies and expanding market reach, with completion expected in 4 to 6 months.

Rosneft in talks with Reliance to sell stake in Nayara

Russian oil giant PJSC Rosneft Oil Company is in early talks with Reliance Industries for sale of its 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India.

USFDA completes inspection of Neuland Laboratories’ facility

US FDA has issued an Establishment Inspection Report (EIR) against the Inspection conducted at Unit 2 manufacturing facility, at Pashamylaram village, Sangareddy District, from April 28, 2025 to May 2, 2025. US FDA has concluded that this inspection is closed.

USFDA completes pre-approval inspection at Granules’ Virginia facility

US FDA has completed a Pre-Approval Inspection (PAI) for a first to file controlled substance ANDA at the facility of Granules Pharmaceuticals, Inc., a wholly-owned foreign subsidiary of the Company at Chantilly, Virginia, USA from 23rd June 2025 to 27th June 2025 with one 483 observation. Granules Pharmaceuticals, Inc. addressed and resolved the observation during the inspection.

BHEL gets new order of Rs 6500 crore

Company received a letter of award (LoA) from Adani Power for Supply of equipment (Steam Turbine Generator along with auxiliaries) and Supervision of Erection & Commissioning for Six Thermal Units of 800 MW. The order is valued at Rs 6500 crore (excl. GST).

NLC India gets new project from NTPC

NLC India Limited has received a Letter of Award (LoA) from NTPC Limited for setting up of 450 MW ISTS (Inter State Transmission System) Connected Wind-Solar Hybrid Power Project and Supply of Hybrid Power generated from the aforesaid project to NTPC Limited. The project shall be developed at following locations: Bikaner, Rajasthan – 300 MW and Bhuj, Gujarat – 150 MW.

Rail Vikas Nigam emerges as lowest bidder for a new contract

Rail Vikas Nigam Limited (RVNL) has emerged as the lowest bidder for a significant contract from South Central Railway for OHE upgradation works. The order worth Rs. 213 crore project includes transitioning from 1X25 kV to 2X25 kV electrification over 195.5 RKM in the Duvvada–Rajahmundry and Samalkot–Kakinada Port sections.

Jio adds 2.7 million net subscribers in May

In May, Jio significantly surpassed Bharti Airtel in net subscriber additions, while BSNL and Vodafone Idea continued to experience losses. Jio added 2.7 million subscribers, contrasting with Airtel’s 275,621 additions. Overall wireless subscribers increased, though 5G fixed-wireless access users saw a slight dip due to reclassification, with Jio leading the market share at 40.92%.

Polestar places new orders with Cochin Shipyard

Polestar Maritime Limited, has placed an order for 2 nos. of 70 T Bollard Pull Tugs on Cochin Shipyard Ltd (CSL). This is in addition to the 3 nos. of the 70 T Bollard Pull Tugs contracted earlier with Udupi Cochin Shipyard Limited (Udupi-CSL), a wholly owned subsidiary of CSL. Polestar Maritime is a major player in the niche market of harbour tugs, coastal towing & assistance and marine services at ports.

Gujarat Industries Power commissions 105 MW out of 600 MW solar power project

Company has successfully commissioned 105 MW out of 600 MW Solar Power Project, located within the 2,375 MW Renewable Energy Park at Khavda, Great Rann of Kutch.

Prestige Group, Arihant Group enter into agreement to jointly acquire 3.48 acre land

Prestige Group, one of India’s leading real estate developers, and Arihant Group, have entered into an agreement to jointly acquire a prime 3.48-acre land parcel in Velachery, Chennai from Rane Madras Limited. The acquisition will be undertaken through their joint venture entity, Canopy Living LLP. The land is earmarked for the development of premium residential dwellings with a total development potential of approximately 7.5 lakh square feet and an estimated Gross Development Value (GDV) of over Rs 1,600 crore.

ITD Cementation gets contract worth $67.4 million

ITD Cementation India Limited has secured international marine contract worth US$ 67.4 million (~Rs 580 crore) for Jetty construction works for Ruwais LNG project in Abu Dhabi.

Alembic Pharmaceuticals gets final approval from USFDA for its new drug

Alembic Pharmaceuticals Ltd. announced that it has received final approval from the US FDA for its Abbreviated New Drug Application (ANDA) for Doxorubicin Hydrochloride Liposome Injection, 20 mg/10 mL (2 mg/mL) and 50 mg/25 mL (2 mg/mL) Single-Dose Vials. It is therapeutically equivalent to the reference listed drug product (RLD), Doxil Liposome Injection, 20 mg/10 mL (2 mg/mL) and 50 mg/25 mL (2 mg/mL), of Baxter Healthcare Corporation. Doxorubicin Hydrochloride Liposome Injection is indicated for the treatment of Ovarian Cancer, AIDS-Related Kaposi’s Sarcoma, and Multiple Myeloma. Refer label for a detailed indication. It has an estimated market size of US$ 29 million for twelve months ending March 2025 according to IQVIA. Alembic has a cumulative total of 224 ANDA approvals (201 final approvals and 23 tentative approvals) from US FDA.

B R Goyal Infra gets new order of Rs 32.03 crore

Company has received a work order for the engagement of user fee collection agency through e-tender for Baharagaon fee plaza at Km 20.270 of Harda – Betul section from Km – 0.400 to Km. 121.248 of NH-47 in Madhya Pradesh. The work order is received from the National Highways Authority of India (NHAI). The accepted value of the said work order is Rs 32.03 crore.

Amber subsidiary to acquire majority stake in PowerOne

IL JIN Electronics India Pvt Ltd, a material subsidiary of Amber Group, has entered into definitive agreements for taking majority stake in Bengaluru based PowerOne Micro Systems Pvt. Ltd. It caters to marquee public sector clients like HAL, BHEL, BEML, NTPC, PGCIL, as well as several leading private sector enterprises including Tata Group, L&T, Aditya Birla Group, Renew power and Jackson. It is engaged into manufacturing of comprehensive range of products including solar inverters (on-grid, off-grid and hybrid), uninterruptible power supplies (“UPS”), Battery Energy Storage Systems (BESS), EV chargers and other power & energy solutions b) Other products c) Providing related services. It had reported revenue of Rs 184.9 crore for FY24.

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Source: HDFC Securities Prime Research