Corporate News Roundup: Promoter Moves, EV Orders, Strategic Alliances, and Infrastructure Wins Drive Market Buzz Several Indian companies reported notable developments recently. Kilburn Engineering saw promoter stake increase, reflecting internal confidence. Wardwizard Innovations secured a major 2,500-unit EV order, enhancing its fleet presence. ABD’s ICONiQ White Whisky earned global recognition again. RITES and HCL formed an MoU to secure critical mineral supply chains. NTPC’s THDC commissioned the first unit of Tehri PSP, boosting energy capacity. GHV Infra won a ₹546 crore road project, while BEL and Tata Electronics teamed up to boost India’s semiconductor self-reliance.
Corporate News 1) Kilburn Engineering Promoter Acquires 10,000 Shares via Open Market
On June 5, 2025, Kilburn Engineering Limited announced a significant transaction involving its promoter group. Firstview Trading Private Limited, a promoter entity of the company, has acquired 10,000 equity shares through an open market transaction on the Bombay Stock Exchange (BSE). This transaction was officially disclosed under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
Prior to the acquisition, Firstview Trading Private Limited held 1,52,11,239 shares, amounting to 31.404% of Kilburn Engineering’s equity. After the purchase, the shareholding has marginally increased to 1,52,21,239 shares, raising its stake to 31.424%.
This disclosure, submitted via Form C, emphasizes the transparency standards maintained by the company and aligns with regulatory compliance requirements. The purchase, valued at ₹40,93,723 (excluding taxes and brokerage), reflects promoter confidence in Kilburn Engineering’s growth trajectory.
Corporate News 2) Wardwizard Innovations Bags Order for 2,500 Wolf+ Electric Scooters
Wardwizard Innovations & Mobility Ltd. (WIML), a key player in India’s electric vehicle (EV) sector, has received a major order from SpeedforcEV for 2,500 units of its popular Wolf+ electric scooters. These scooters will be used in fleet operations and last-mile delivery across major Indian cities such as Mumbai, Pune, Ahmedabad, and Delhi.
Partnership to Boost Urban EV Adoption
The order is part of a strategic collaboration under a Memorandum of Understanding (MoU) between SpeedforcEV and Ferry Automotive Pvt. Ltd. The vehicles will be leased and deployed in phases, aiming to enhance the efficiency of urban transportation. Ferry Automotive will manage the operations under its brand “SCOOTERR”, while SpeedforcEV will provide service and technical support.
Wolf+ Scooter: A Proven Urban Mobility Solution
Wardwizard’s Wolf+ electric scooter has gained recognition as a dependable, eco-friendly, and cost-effective solution for urban logistics. This latest order follows previous partnerships with XiCon International Ltd. and Optimotion, strengthening Wardwizard’s position in the commercial EV segment.
Expanding EV Footprint Across India
With a presence in over 400 cities and more than 10 models in its portfolio, Wardwizard continues to lead India’s EV transition. The company is committed to delivering zero-emission mobility solutions and is playing a crucial role in reshaping the future of urban transportation.
Corporate News 3) ICONiQ White Named World’s Fastest-Growing Spirits Brand Again
Allied Blenders and Distillers Limited (ABD), India’s largest domestic spirits company by volume, has announced that its premium offering, ICONiQ White Whisky, has been crowned the World’s Fastest-Growing Millionaire Spirits Brand for the second consecutive year. This prestigious recognition comes from Drinks International’s Millionaires’ Club 2025 report, marking a major milestone for the brand, which has broken into the top 20 global whiskies within just three years of its launch.
Legacy Brands Continue Strong Global Presence
In addition to ICONiQ White’s exceptional growth, ABD’s legacy brands continue to demonstrate strong international presence. Officer’s Choice retained its spot among the Top 10 spirits brands globally and ranked 5th among all whiskies worldwide. Sterling Reserve also secured its position in the Top 20 whiskies globally, reflecting ABD’s robust multi-brand portfolio and market reach.
ABD’s Strategy and Global Recognition
Alok Gupta, Managing Director of ABD, credited the company’s success to its multi-brand, multi-market strategy and the dedicated efforts of its team. He emphasized that the consistent global recognition of ABD’s brands underlines the company’s commitment to innovation and quality, catering to evolving tastes both in India and worldwide.
About Allied Blenders and Distillers
With a diverse portfolio and a manufacturing network of 36 units across India, ABD remains a powerhouse in the Indian spirits market, offering a wide range of whiskies, brandy, rum, vodka, and gin.
Corporate News 4) RITES & HCL Join Hands to Strengthen Critical Mineral Supply Chain
In a landmark development on June 6, 2025, RITES Ltd., a Navratna Public Sector Enterprise and premier transport infrastructure consultancy, signed a Memorandum of Understanding (MoU) with Hindustan Copper Limited (HCL). This strategic alliance is aimed at establishing a robust and sustainable supply chain for critical minerals within India and globally.
Strategic Focus on Exploration and Infrastructure
The collaboration will leverage the technical and financial capabilities of both RITES and HCL to focus on mineral exploration, extraction, refining, and production. It includes active participation in mineral block auctions and the development of essential mining infrastructure. This initiative supports India’s push for self-reliance in critical mineral resources vital for energy security and advanced technologies.
RITES’ Role in End-to-End Solutions
As part of the MoU, RITES will provide comprehensive consultancy and logistics solutions, covering transport infrastructure development, multimodal logistics, project planning, and rolling stock support. These services aim to enhance HCL’s mining operations both domestically and internationally.
Corporate News 5) NTPC Subsidiary THDC Commissions First Unit of Tehri PSP
NTPC Limited, India’s largest energy conglomerate, announced a significant milestone on June 6, 2025. THDC India Limited, a subsidiary of NTPC, has successfully declared the Commercial Operation Date (COD) of the first 250 MW unit of the Tehri Pumped Storage Plant (PSP), which has a total capacity of 1,000 MW (4×250 MW).
Boost to NTPC Group’s Power Capacity
With this development, the NTPC Group’s total installed and commercial capacity has risen to an impressive 80,515 MW. The COD is effective from midnight of June 7, 2025. This addition reinforces NTPC’s commitment to expanding its renewable and sustainable energy infrastructure across India.
Strategic Importance of Tehri PSP
The Tehri PSP is a vital part of India’s hydroelectric development strategy, offering grid stability and efficient peak-load management through pumped storage technology. It supports NTPC’s broader goal of diversifying energy sources and enhancing grid reliability with flexible power solutions.
Corporate News 6) GHV Infra Projects Limited Secures Major Road Construction Contract
GHV Infra Projects Limited, formerly known as Sindu Valley Technologies Limited, has announced the receipt of a significant work order worth Rs. 546 crores (excluding GST). The project involves the strengthening and improvement of various roads in Mumbai, Maharashtra, and is slated for completion within 24 months.
Project Details and Client Information
The contract has been awarded by M/s. GHV (India) Private Limited, a domestic entity. The nature of the work is road construction, aligning with GHV Infra’s expertise in infrastructure development. Notably, the project falls under a related party transaction, as Mr. Jahidmohmed H. Vijapura, a promoter of GHV Infra, also holds directorial and shareholding positions in GHV (India) Private Limited. However, the transaction has been confirmed to be conducted at arm’s length, ensuring compliance with regulatory standards.
Corporate News 7) BEL and Tata Electronics Join Forces to Boost India’s Semiconductor and Electronics Independence
Bharat Electronics Limited (BEL), a Navratna Defence PSU, has signed a Memorandum of Understanding (MoU) with Tata Electronics Private Limited to advance India’s self-reliance in electronics and semiconductors. This collaboration aligns with the Government of India’s vision for indigenous technological development.
Key Highlights of the MoU
The agreement, signed on June 5, 2025, at Tata Group’s headquarters in Mumbai, focuses on:
- Semiconductor Fabrication (Fab) and Outsourced Semiconductor Assembly and Test (OSAT).
- Development of Microcontrollers (MCUs), Systems-on-Chip (SoCs), and Monolithic Microwave Integrated Circuits (MMICs).
- Knowledge sharing and optimized manufacturing solutions for BEL’s products.
Strategic Importance
This partnership marks a significant milestone in India’s quest for technological self-sufficiency. By leveraging Tata Electronics’ expertise in semiconductor design and BEL’s defense electronics prowess, the collaboration aims to reduce dependency on imports and strengthen domestic capabilities.
Did you find this article interesting?
Stay connected with our blog for more insights and updates. We’d love to hear your thoughts, questions, or feedback in the comments below!
