Today’s stock market news 11 June 2025
News 1) Markolines Pavement Technologies Wins ₹16.76 Crore Work Orders
Markolines Pavement Technologies Limited (MPTL), India’s leading highway maintenance firm, has secured two significant work orders from Vadodara Kim Expressway Pvt. Ltd. The combined value of these contracts amounts to ₹16.76 crore (inclusive of GST), as per the company’s press release dated June 10, 2025.
Scope of the Project
These work orders involve rain cut repair work at the expressway’s project site, aiming to address water runoff damage. The execution deadline for both orders is July 31, 2025. This project aligns with MPTL’s core expertise in highway maintenance and restoration.
Strong Industry Position
Founded in 2002, Markolines has evolved into the country’s largest player in highway maintenance. With over 113.70 lakh sqm of micro-surfacing work completed nationwide, the company maintains a robust unexecuted order book of ₹350+ crore as of April 30, 2025.
Future Outlook
Commenting on the development, CMD Sanjay Patil highlighted India’s expanding highway infrastructure—now stretching 1,46,204 km, up 60% since 2014. He emphasized the growing opportunities for MPTL, buoyed by government focus on expressway development and the company’s innovative maintenance solutions.
News 2) L&T Secures Major Orders in Power Transmission & Distribution
Key Order Wins in India and the Middle East
Larsen & Toubro (L&T) has announced major project wins for its Power Transmission & Distribution (PT&D) business. In India, L&T has been awarded significant orders to construct 765kV and 400kV transmission lines as part of the integration of a Renewable Energy Zone in Andhra Pradesh. These projects will play a crucial role in strengthening India’s green energy infrastructure.
International Expansion Continues
In a parallel development, L&T’s PT&D business has also secured orders in the Middle East. These include turnkey projects for 220kV and 132kV Gas Insulated Substations, placed by leading transmission asset owners and operators in the region. This international win reaffirms L&T’s growing presence in the global energy infrastructure space.
Supporting the Energy Transition
These new contracts highlight L&T’s strategic role in building future-ready grid systems. As nations push for cleaner and more sustainable energy, L&T’s infrastructure capabilities are proving instrumental in meeting those goals.
About L&T
Larsen & Toubro is a $30 billion Indian multinational with a legacy spanning over eight decades, known for its expertise in EPC projects, hi-tech manufacturing, and services across the globe.
News 3) Remsons Industries Limited Secures INR 12 Crore Order from German OEM
Remsons Industries Limited has officially announced that its step-down subsidiary, BEE Lighting Limited, has secured a significant purchase order worth INR 12 Crore from a premier German multi-brand OEM (Original Equipment Manufacturer). The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Project Details
The order involves the design and development of exterior vehicle lighting solutions, catering to the global automotive market. This international contract highlights BEE Lighting Limited’s capabilities in delivering high-quality automotive components to multinational clients. The project is slated for immediate execution, underscoring the urgency and importance of the order.
News 4) Garment Mantra Lifestyle Limited Secures INR 1.19 Crore Order from Ministry of Ayush
Key Announcement
Garment Mantra Lifestyle Limited (formerly Junction Fabrics and Apparels Limited) has announced that its wholly-owned subsidiary, Hylex Fashion Private Limited, has received a significant order from the Ministry of Ayush, Government of India. The contract involves the supply of 50,000 Walind T-Shirts, valued at approximately INR 1.19 Crore (inclusive of taxes).
Project Details
The order, placed through the Government e-Marketplace (GeM) portal, requires the delivery of white, large-sized T-Shirts with specific material and stitching specifications. The product features a 50% polyester and 50% cotton blend, rib-knitted fabric, and complies with stringent quality standards. The delivery is scheduled for completion by June 24, 2025.
Management’s Perspective
Mr. Prem Aggarwal, Managing Director of Garment Mantra Lifestyle Limited, expressed pride in securing this milestone order. He highlighted its significance in strengthening the company’s position as a trusted supplier for government procurement and opening doors to future institutional opportunities.
News 5) Rate Gain Partners with LIAT (2020) to Revolutionize Caribbean Airfare Pricing
Strategic Collaboration Announced
RateGain Travel Technologies Limited (BSE: 543417, NSE: RATEGAIN), a global leader in AI-driven SaaS solutions for the travel industry, has partnered with LIAT (2020) Limited, the Caribbean’s premier regional airline. This collaboration will deploy RateGain’s AirGain platform to enhance LIAT’s pricing agility and route profitability across the Eastern Caribbean.
Transforming Airline Revenue Management
The partnership equips LIAT with real-time fare intelligence, enabling data-driven pricing decisions across direct and indirect sales channels. As travel demand surges in the Caribbean, this technology will help LIAT optimize yields, improve load factors, and maintain competitive fares for routes connecting Antigua, Barbados, Dominica, and other key islands.
Leadership Insights
Hafsah Abdulsalam, CEO of LIAT, emphasized the strategic value: “AirGain’s insights are critical for our growth, allowing us to adapt swiftly to market dynamics and deliver value to travelers.” Vinay Varma of RateGain highlighted the platform’s ability to navigate the Caribbean’s unique aviation challenges.
Future Innovations
RateGain also plans to introduce an AI-powered Route Performance Digest for Tunisair, further solidifying its position as an innovator in airline revenue optimization.
This partnership underscores RateGain’s commitment to empowering airlines with cutting-edge technology. Stay tuned for more updates!
News 6 ) ACME Solar Commissions 75 MW in Rajasthan, Nears Completion of 300 MW Project
ACME Solar Holdings Limited has successfully commissioned Phase-III (75 MW) of its 300 MW solar power project in Bikaner, Rajasthan. With this addition, the project’s operational capacity now stands at 240 MW, bringing ACME Solar’s total renewable energy portfolio to 2,806.4 MW.
Project Highlights
- Located in Rajasthan’s high solar irradiation zone, the Sikar Solar project spans 1,300 acres and will generate 780 million units of clean energy annually once fully operational.
- Power is evacuated via a 220 kV transmission line, with financing provided by PFC Limited.
- The remaining 60 MW is under active commissioning, with full completion expected soon.
Strategic Importance
The project was secured under SECI-ISTS XVIII at a competitive tariff of INR 3.05 per unit. Until the Power Purchase Agreement (PPA) is finalized, the generated power will be sold on merchant markets.
Leadership in Renewable Energy
ACME Solar continues to strengthen its position as a top integrated renewable energy player, with 6,970 MW of projects in development or operation.
News 7 ) RITES Secures $2.9 Million International Construction Supervision Contract in Guyana
Major Infrastructure Project Win
RITES Limited (BSE: 541556, NSE: RITES) has secured a significant international contract worth USD 2.9 million from the Ministry of Public Works, Guyana. The project involves construction supervision for Phase 2 of the East Bank-East Coast Road extension from Eccles to Providence, including additional work on existing assignments.
Project Scope & Timeline
- Duration: 18 months of construction supervision followed by 12 months of defects liability period
- Nature: International infrastructure development project
- Value: USD 2,908,824.5 (excluding taxes)
News 8 ) Manaksia Steels Launches New Aluzinc Production Line in Haldia
Key Manufacturing Milestone
Manaksia Steels Limited (BSE: 539044, NSE: MANAKSTEEL) has commenced commercial production of its new Aluzinc coated steel product line at its Haldia plant in West Bengal. The company received the necessary Consent to Operate from the West Bengal Pollution Control Board on June 9, 2025.
Production Capacity & Investment
- Annual Capacity: 110,200 tonnes
- Investment: ₹85 crores
- Product: Aluzinc coated steel coils/sheets (55% aluminum + 45% zinc alloy)
Product Benefits & Applications
The new Aluzinc line offers:
✔ Superior corrosion resistance
✔ Excellent substrate for color coating
✔ Applications in solar structures, roofing, and construction
Market Focus & Growth Strategy
Initially targeting the domestic Indian market, this expansion:
- Enhances production capacity
- Boosts revenue potential
- Strengthens Manaksia’s position in specialty steel products
Key Highlights:
- 110,200 TPA capacity
- ₹85 crore investment
- Specialized corrosion-resistant steel
- Domestic market focus
News 9 ) Confidence Petroleum Expands CNG Footprint in Bangalore with 5 New Stations
Confidence Petroleum India Limited has commissioned 5 new CNG stations in Bangalore, increasing its network to 50 stations in the city. This marks significant progress toward the company’s target of establishing 100 CNG stations in India’s tech capital.
Driving Sustainable Mobility
The expansion:
✔ Supports Bangalore’s transition to cleaner fuels
✔ Reduces vehicular emissions
✔ Follows successful models from Delhi and Mumbai
Strategic Collaboration
Developed in partnership with GAIL (India), these stations are part of Confidence Petroleum’s mission to promote sustainable urban mobility solutions across India.
Environmental Impact
With this expansion, Confidence Petroleum:
- Contributes to cleaner air in Bangalore
- Provides accessible green fuel options
- Sets industry benchmarks for sustainable development
Future Goals
The company remains committed to its 100-station target, accelerating Bangalore’s shift toward eco-friendly transportation alternatives.
This development reinforces Confidence Petroleum’s position as a leader in India’s clean energy transition while supporting the nation’s environmental goals.
Key Highlights:
- 50 operational CNG stations in Bangalore
- 5 new stations commissioned
- GAIL collaboration
- 100-station target underway
News 10 ) Paras Defence Announces Stock Split: Record Date Set for July 4, 2025
Paras Defence and Space Technologies Limited (BSE: 543367, NSE: PARAS) has fixed July 4, 2025 as the record date for its 1:2 stock split. This move comes after shareholders approved the proposal via postal ballot on June 7, 2025.
Stock Split Details
- Current Shares: ₹10 face value
- Post-Split Shares: ₹5 face value (each existing share splits into two)
- Purpose: Enhance liquidity and make shares more accessible to retail investors
About Paras Defence
A leading player in defence and space technologies, Paras Defence continues to strengthen its market position while improving shareholder value through strategic corporate actions.
Investors should update their records accordingly and stay tuned for further developments from this growing defence sector company.
Key Points:
- 1:2 stock split approved
- Record date: July 4, 2025
- New face value: ₹5 per share
- SEBI compliant process
News 11 ) The Man Company Partners with Unicommerce to Boost E-Commerce Efficiency
Unicommerce eSolutions Limited (BSE: 544227, NSE: UNIECOM), India’s leading e-commerce SaaS platform, has partnered with The Man Company to streamline the men’s grooming brand’s online operations. This collaboration will enhance order fulfilment across marketplaces, brand websites, and quick commerce platforms.
Technology-Driven Solutions
Unicommerce’s Uniware platform will empower The Man Company with:
✔ Multi-channel order management for seamless operations
✔ Automated warehouse processes to reduce shipment times
✔ Efficient returns management for better customer experience
✔ Quick commerce integration for faster deliveries
Market Growth Potential
The partnership comes as India’s male grooming market is projected to grow at 11.06% CAGR, reaching $1.84 billion by 2029. The collaboration addresses rising consumer demand for premium grooming products and instant delivery expectations.
Leadership Perspectives
Zairus Master, CEO of The Man Company, highlighted how the partnership enhances customer experience beyond product quality. Kapil Makhija, CEO of Unicommerce, emphasized the platform’s role in supporting D2C brands in the evolving e-commerce landscape.
This alliance strengthens Unicommerce’s position as the preferred e-commerce solutions provider while helping The Man Company scale its digital operations efficiently.
Key Benefits:
- Faster order processing
- Quick commerce readiness
- Reduced operational errors
- Scalable growth infrastructure
News 12 ) Menon Bearings Secures Major International Order from Allison Transmission
Exciting News for Menon Bearings
Menon Bearings Limited has announced a significant achievement—securing a lucrative order from Allison Transmission, a U.S.-based company. The order involves the supply of approximately 75 lakh thrust washers and bushings annually, valued at around USD 3.73 million per year. This development underscores Menon Bearings’ growing reputation as a trusted manufacturer in the international market.
Key Details of the Order
The contract, awarded by Allison Transmission, falls under the company’s regular business operations and is classified as an international order. The agreement highlights Menon Bearings’ capability to meet high-quality standards and deliver on a large scale. Notably, the order is not a related party transaction, ensuring transparency and compliance with SEBI regulations.
Strategic Implications
This order is a testament to Menon Bearings’ competitive edge in the global automotive components sector. By securing such a substantial contract, the company reinforces its position as a key player in the manufacturing and supply of critical automotive parts. The yearly execution of the order also promises steady revenue streams and potential for future collaborations.
News 13 ) CreditAccess Grameen Secures Landmark USD 100 Million Social Loan Facility
CreditAccess Grameen Limited (CA Grameen), India’s largest NBFC-Micro Finance Institution, has achieved a significant milestone by securing a USD 100 million multi-currency syndicated social loan facility. This landmark transaction, the first of its kind in India’s microfinance sector, includes Japanese Yen (JPY) and United States Dollar (USD) components, raised predominantly from banks in South Asia and the Far East. The facility qualifies as an External Commercial Borrowing (ECB) under the RBI’s automatic route, reinforcing CA Grameen’s leadership in international borrowings.
Aligning with Social Loan Principles
The loan adheres to CA Grameen’s Social Loan Framework, which aligns with the Social Loan Principles 2023. The framework ensures that the proceeds are directed toward eligible social projects, driving equitable and sustainable progress. Sustainalytics, a global ESG ratings provider, has validated the framework’s credibility, highlighting CA Grameen’s strong ESG credentials.
Competitive Financing and Strategic Goals
The facility, oversubscribed and upsized from USD 70 million to USD 100 million, offers a highly competitive borrowing cost. Mr. Nilesh Dalvi, CFO of CA Grameen, emphasized its role in achieving the company’s target of 25-30% foreign borrowings by FY28. Standard Chartered Bank, the lead arranger, praised the transaction as a testament to CA Grameen’s growing influence in international markets.
This achievement underscores CA Grameen’s commitment to empowering rural women and fostering sustainable development through innovative financing solutions.
News 14 ) Wipro Extends Strategic Partnership with Metro AG to Drive Digital Transformation
Strengthening IT Operations with Cloud and AI
Wipro Limited, a global leader in AI-powered technology services, has announced a two-year extension of its strategic partnership with Metro AG, a leading international food wholesaler. The renewed collaboration will focus on enhancing Metro’s IT operations through cloud migration, advanced analytics, automation, and Gen-AI-powered solutions. Since 2021, Wipro has successfully migrated 80% of Metro’s on-premise infrastructure to the cloud, significantly improving operational efficiency, cyber resilience, and sustainability.
Key Achievements and Future Goals
The partnership has already delivered transformative results, including agility in customer response and a reduced carbon footprint. Under the extended agreement, Wipro will further support Metro’s digital transformation by aligning IT services with business priorities. Dr. Khaled Bagban, CIO of Metro, highlighted the partnership’s role in ensuring operational stability and scalability. Ann-Kathrin Sauthoff-Bloch of Wipro emphasized the company’s commitment to innovation and long-term client success in the food wholesale sector.
A Testament to Collaborative Innovation
This extension underscores Wipro’s consultative approach and expertise in delivering bespoke, AI-driven solutions. With a strong track record in digital transformation, Wipro continues to empower clients like Metro to build future-ready, sustainable businesses. The collaboration sets a benchmark for leveraging technology to drive growth and operational excellence in the wholesale industry.
News 15 ) Vi Launches 5G Services in Bengaluru: A Leap Towards Faster Connectivity
Next-Gen Network for India’s Tech Hub
Vodafone Idea Limited (Vi) has officially launched its 5G services in Bengaluru, marking a significant milestone in its nationwide rollout. Starting June 11, 2025, residents and businesses in India’s tech capital can experience ultra-fast data speeds, lower latency, and enhanced connectivity. This launch follows successful 5G deployments in Mumbai, Delhi-NCR, Patna, and Chandigarh, with plans to cover all 17 priority circles by August 2025.
Affordable and Unlimited 5G Access
Vi is offering unlimited 5G data as an introductory offer for users on plans starting at just ₹299. Customers can enjoy seamless streaming, gaming, video conferencing, and real-time cloud access. Anand Dani, Business Head – Karnataka, Vodafone Idea, emphasized the company’s commitment to delivering superior digital experiences in Bengaluru, a city at the forefront of technological innovation.
Cutting-Edge Infrastructure and Green Solutions
To ensure optimal performance, Vi has partnered with Samsung to deploy advanced, energy-efficient 5G infrastructure. The implementation of AI-powered Self-Organizing Networks (SON) will automatically optimize network performance. Additionally, Vi has upgraded its 4G network across Karnataka, enhancing coverage and capacity by 46% since March 2024.
News 16 ) Reliance Defence and Diehl Defence Strengthen Strategic Partnership
Reliance Defence and Diehl Defence have reinforced their strategic partnership, focusing on the supply of the “System Vulcano 155mm Precision Guided Munition” for the Indian Armed Forces. This collaboration, rooted in a 2019 Cooperation Agreement, aligns with India’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives. The indigenous content of the project will exceed 50%, showcasing a commitment to local manufacturing and technological sovereignty.
Advancing India’s Defence Capabilities
Anil D. Ambani, Founder Chairman of Reliance Group, emphasized the partnership’s role in positioning India as a global leader in defence manufacturing. The alliance leverages Reliance’s upcoming greenfield facility in Maharashtra, which will produce artillery shells, explosives, and propellants at scale. Diehl Defence’s expertise in guided munitions further bolsters this initiative, ensuring cutting-edge technology for India’s defence needs.
About the Companies
Diehl Defence, a German leader in air defence systems, brings decades of experience to the table. Reliance Group, with its robust financials and diverse portfolio, continues to expand its footprint in defence and infrastructure. This partnership not only enhances India’s defence preparedness but also underscores the growing synergy between global and Indian defence manufacturers.
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