Market Comm
Market Comm
June 10, 2025 at 03:30 AM
TOP NEWS ITD cementation: Company secured order worth Rs 893 crore for the construction of berth and breakwater structures linked to greenfield captive jetty development in Odisha. Positive Protean eGov Technologies: The Company has been awarded a prestigious and strategically 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. the Company shall serve as the Technology Solution Provider for endto-end development, implementation, support and maintenance of Bima Sugam Marketplace, platform integrations and marketplace protocols. Positive HCLTech: The company launched a second delivery center in Thiruvananthapuram, Kerala. The centre will deliver projects across AI, GenAI, Cloud and emerging technologies to HCLTech’s clients across industry verticals. Positive Tata Power: The company's solar manufacturing arm, TP Solar has crossed 4 GW solar module manufacturing at its Tamil Nadu plant. The plant has cumulatively produced 4049 MW of solar modules and 1441 MW of solar cells up to May 31, 2025. TP Solar is targeting 3.7 GW of solar cell output and 3.725 GW of module production in FY26. Jindal Saw: Board has approved three new international investments totaling up to $118 million (Rs 1,010 crore), aimed at strengthening its presence in the Middle East's iron and steel sector. Capex of $105 million for setting up a seamless pipe manufacturing facility with capacity of 3 lakh tonnes. Apart from capex company will invest in 2 joint ventures-The first JV will be with Buhur for Investment Company LLC to set up a helically spiral welded (HSAW) pipe plant. Jindal will hold a 51% stake, investing up to $10 million. The estimated timeline for this project is two years. The second Saudi joint venture is with RAX United Industrial Company for a ductile iron pipe manufacturing facility. This project also involves a 51% stake and a capital commitment of up to $3 million. It is expected to be completed within 12 to 18 months. Positive OTHER NEWS Wipro: The company strengthened its Middle East presence with new regional headquarters in Riyadh. Zee Entertainment: The company signed an agreement with content start-up Bullet to launch India’s first micro-drama application. Quess Corp: The company informed that its arms Digitide Solutions Limited and Bluspring Enterprises Limited have received approval from BSE Limited and National Stock Exchange of India Limited for the listing of their equity shares. The effective date is June 11, 2025. RITES: The company secures USD 2.91million (25 crore rupees) international contract for road project supervision in Guyana. Jana Small Finance Bank: The SFB has submitted an application to the Reserve Bank of India (RBI), seeking approval for its voluntary transition from a small finance bank to a universal bank. IRB Infra developers: The company reported an aggregate year-on-year revenue growth of 9% at Rs 581 crore in May. Nibe: The company secured a technology transfer licence from the Defence Research and Development Organisation for modular bridging system

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