Today’s stock market news 12 June 2025
Nibe Ltd Secures ₹23.33 Crore Defence Supply Order
Nibe Limited has announced the receipt of a significant purchase order valued at ₹23.33 crore from a reputed infrastructure and defence company. The order pertains to the supply of Armor Plate MIL12560 (ARMOUR), showcasing Nibe’s growing footprint in the defence manufacturing sector.
Domestic Defence Order with Strategic Importance
The contract, awarded by a domestic defence entity, highlights Nibe’s role in contributing to India’s defence preparedness. The Armor Plate MIL12560 is a critical component used in protective applications, underscoring the company’s capability in delivering high-quality, mission-critical materials.
Execution Timeline and Financial Details
The order will be executed in phases, with final delivery scheduled by May 31, 2026. The ₹23.33 crore contract value includes all applicable taxes and duties. This deal adds to Nibe’s revenue visibility and supports its growth trajectory in specialized materials supply.
Nibe’s ability to secure such orders signals strong demand for its niche offerings in the defence sector. The development also aligns with the Government of India’s ‘Make in India’ and self-reliant defence manufacturing goals. As defence spending rises, Nibe is well-positioned to capitalize on emerging opportunities.
HG Infra Engineering Declared Lowest Bidder for Key Power Transmission Project
HG Infra Engineering Limited (HGINFRA) has emerged as the lowest bidder for a significant transmission project by PFC Consulting Limited, a wholly owned subsidiary of Power Finance Corporation Ltd. The company will act as the transmission service provider for the Eastern Region Generation Scheme – I (ERGS-I) in Odisha.
Project Scope and Details
The contract follows a tariff-based competitive bidding process and involves the Build, Own, Operate, and Transfer (BOOT) model. HGINFRA is tasked with establishing an Inter-State Transmission System under this scheme, with an operation tenure of 35 years. The project is scheduled for completion by March 28, 2028.
Financials and Implications
The project carries an annual transmission charge of ₹431.11 million, ensuring a steady revenue stream over the long term. The award reinforces HGINFRA’s position in the power infrastructure sector and aligns with its strategy to expand into transmission and energy services.
This win highlights the company’s capability to diversify beyond road infrastructure and into high-value power transmission projects. With growing emphasis on grid infrastructure in India, this order is a timely boost to HGINFRA’s expanding portfolio.
STL Signs Major BharatNet Deal for J&K and Ladakh Circles
Sterlite Technologies Limited (STL), a leading integrator of digital networks, has inked a significant agreement with Bharat Sanchar Nigam Limited (BSNL) for Package 13 of the BharatNet project. The deal covers the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network across Jammu & Kashmir and Ladakh Telecom Circles.
Consortium with Dilip Buildcon
The agreement, signed on June 11, 2025, involves STL’s Global Services Business—recently demerged into STL Networks Limited—partnering with Dilip Buildcon Limited. Once legal formalities are completed, the contract will be transferred to STL Networks Limited as per the approved Scheme of Arrangement.
Project Scale and Timeline
The total contract value stands at ₹2631.14 crore, which includes ₹1620.50 crore in capital expenditure and ₹1010.63 crore for operations and maintenance. The project will span three years of construction and ten years of maintenance, with annual payments calculated at 5.5% and 6.5% of the capex for the respective periods.
This landmark agreement underlines STL’s critical role in building India’s rural broadband infrastructure and reinforces its leadership in fiber connectivity and digital network services.
Premier Explosives Limited Secures Rs. 2.60 Crore Export Order
Premier Explosives Limited (PEL) has announced the receipt of a significant export order worth Rs. 2.60 crores for the supply of commercial explosives. The order, awarded by an international client, highlights PEL’s growing presence in the global market.
Scope and Execution Timeline
The contract involves the supply of commercial explosives and is slated for completion within a tight timeframe of just two months. This underscores PEL’s capability to meet stringent deadlines while maintaining high-quality standards.
Regulatory Compliance
The disclosure aligns with SEBI’s Listing Obligations and Disclosure Requirements (Regulation 30), ensuring transparency. The order has been confirmed as an arms-length transaction with no involvement of related parties or promoter interests.
Strategic Significance
This export order reinforces PEL’s reputation as a trusted supplier in the explosives industry. It also reflects the company’s ability to secure and execute international contracts efficiently.
Looking Ahead
With this milestone, Premier Explosives Limited continues to strengthen its foothold in the global market, paving the way for future growth and expansion.
Inox Wind Energy and Inox Wind Merger Approved by NCLT
A Strategic Move to Strengthen India’s Wind Energy Sector
On June 11, 2025, the National Company Law Tribunal (NCLT), Chandigarh Bench, approved the merger of Inox Wind Energy Limited (IWEL) into Inox Wind Limited (IWL), marking a significant milestone for the INOXGFL Group in streamlining its wind energy business.
Key Benefits of the Merger
- Financial Strength: Reduces IWL’s liabilities by ₹2,050 crores, creating a more robust balance sheet.
- Operational Synergies: Eliminates redundancies, improves efficiency, and consolidates resources.
- Simplified Structure: Direct promoter holding in IWL, removing the holding company layer.
- Shareholder Value: Expected to enhance stakeholder returns through consolidated operations.
Shareholder Impact
- Share Exchange Ratio: 632 IWL shares for every 10 IWEL shares (face value ₹10 each).
- Timeline: Shares to be credited within 1-1.5 months post-regulatory approvals.
- Leadership Insight
Devansh Jain, Executive Director, INOXGFL Group, highlighted the merger as a pivotal step in the Group’s energy transition journey, aligning with India’s green energy goals.
Looking Ahead
The merger positions IWL as a stronger player in India’s wind energy sector, ready to capitalize on growing renewable energy opportunities.
Cyient Foundation Partners with AICTE to Boost Innovation in Visakhapatnam
Cyient Foundation, the CSR arm of Cyient Ltd., has entered into a landmark agreement with the All India Council for Technical Education (AICTE) to create a pioneering innovation cluster in Visakhapatnam, Andhra Pradesh. The MoU was signed in the presence of Shri Nara Lokesh, Hon’ble Minister for HRD, IT, Electronics, and Communication.
Fostering Innovation and Entrepreneurship
This initiative aims to transform educational institutions in the region into vibrant hubs for innovation and entrepreneurship. Through the deployment of structured ecosystems such as iCARE, iCAFE, and IPR-TT centres, the program will nurture startups, foster industry-academia collaboration, and promote intellectual property creation.
Nationwide Vision, Regional Impact
The Visakhapatnam cluster is part of a broader mission aligned with the Government of India’s Atma Nirbhar Bharat vision. With more than 1,137 Institutions’ Innovation Councils already established in Andhra Pradesh, this initiative builds on a strong foundation to drive regional innovation and economic growth.
A Three-Year Plan for Sustainable Development
The collaboration, supported by Cyient Foundation’s CSR funding, spans a three-year roadmap and includes innovation fairs, boot camps, and mentoring programs. It promises to serve as a national model for future city-level innovation clusters across India.
OneSource Partners with Xbrane Biopharma to Expand Global Biosimilars Manufacturing
A Strategic Collaboration for Affordable Biologics
On June 11, 2025, OneSource Specialty Pharma Limited (BSE: 544292, NSE: ONESOURCE) announced a landmark partnership with Sweden’s Xbrane Biopharma AB (Nasdaq: XBRANE) to manufacture biosimilars for global markets. This collaboration aims to enhance access to high-quality, affordable biologic medicines worldwide.
Key Highlights of the Partnership
- Tech Transfer: Xbrane will transfer select biosimilar products to OneSource’s integrated Drug Substance and Drug Product (DS/DP) facility in Bangalore.
- Regulatory Boost: Accelerates approvals from U.S. FDA and European EMA for OneSource’s biologics facility.
- Investment Alignment: OneSource participated in Xbrane’s funding round, strengthening long-term collaboration.
Why This Matters
- Market Potential: Targets €23 billion in estimated annual peak sales for biosimilars, including Xbrane’s lead candidate Ximluci® (approved in Europe).
- Global Supply Chain: Combines Xbrane’s biosimilar expertise with OneSource’s GMP-compliant manufacturing capabilities.
- Patient Access: Aims to deliver cost-effective biologics to patients and healthcare systems.
Leadership Insights
Neeraj Sharma, CEO of OneSource, emphasized the partnership’s role in advancing global biologics accessibility, while Martin Åmark, CEO of Xbrane, highlighted the competitive edge gained through cost-efficient manufacturing.
Looking Ahead
This alliance positions OneSource as a key player in the global biosimilars market and underscores India’s growing role in biopharmaceutical innovation
Bannari Amman Spinning Mills to Set Up 9.74 MW Solar Power Project Boosting Renewable Energy Adoption in Textile Manufacturing
On June 11, 2025, Bannari Amman Spinning Mills Limited (NSE: BASML, BSE: 532674) announced its Board’s approval to establish a 9.74 MW DC (7.20 MW AC) captive solar power project in Velvarkottai, Tamil Nadu. The ₹40 crore initiative aims to reduce operational costs and enhance sustainability.
Key Project Highlights
- Location: Company-owned land at Spinning Unit II, Dindigul District, Tamil Nadu.
- Capacity: Expected to generate 1.5 crore units annually, meeting 65% of total power needs when combined with existing wind and solar assets.
- Timeline: Targeted commissioning by October 2025.
Why This Matters
- Cost Efficiency: Power is a critical cost component in spinning operations; this project will reduce reliance on grid electricity.
- Sustainability: Expands the company’s renewable energy mix, which already includes 23.4 MW wind and 12 MW solar capacity.
- Energy Security: Strengthens self-sufficiency, with 65% of power to be sourced from captive renewable projects.
Looking Ahead
This solar project underscores Bannari Amman’s commitment to clean energy adoption and operational efficiency, aligning with India’s renewable energy goals.
Minda Corporation Forms Joint Venture with Japan’s Toyodenso for Advanced Automotive Switches
Strengthening India’s Automotive Component Ecosystem
On June 11, 2025, Minda Corporation Limited (BSE: 538962, NSE: MINDACORP) announced a strategic 60:40 joint venture with Japan’s Toyodenso Co. Ltd. to manufacture advanced automotive switches in India. The partnership aims to cater to growing demand in the two-wheeler, passenger vehicle, and automotive segments.
Key Highlights of the JV
- Ownership Structure: Minda holds 60% stake, Toyodenso 40%.
- Operations: Greenfield plant in Noida, expected to commence production by H2 FY2026-27.
- Technology Transfer: Toyodenso will provide exclusive proprietary technologies for switch manufacturing.
- Market Focus: Targets domestic OEMs with localized, high-quality solutions.
Why This Matters
- Localization: Reduces import dependency, aligning with India’s “Make in India” initiative.
- Technological Edge: Combines Toyodenso’s global expertise with Minda’s manufacturing prowess.
- Growth Potential: Taps into India’s expanding automotive market, with orders already secured.
Leadership Insights
Ashok Minda, Chairman & Group CEO, emphasized the JV’s role in delivering smart mobility solutions, while Kiyoshi Koide, President of Toyodenso, highlighted India’s strategic importance for global growth.
Looking Ahead
This collaboration positions Minda as a key player in advanced automotive electronics, enhancing India’s self-reliance in auto components.
Toss The Coin Limited Secures Major International Marketing Contract
Key Highlights of the Agreement
Toss The Coin Limited, formerly known as Toss the Coin Pvt Ltd, has announced a significant milestone by entering into a Master CMO Retainer Service Agreement with a leading Value Added Reseller (VAR) from North America. The contract, valued at approximately Rs. 1.08 Crores (USD 126,000), underscores the company’s growing influence in the international market.
Scope of Services
The agreement encompasses a wide range of marketing services, including:
- Strategy & Planning: Comprehensive marketing strategies to achieve business objectives.
- Content Creation: Development of social media posts, email content, and long-form content.
- Design & Multimedia: Creation of graphics, videos, and collaterals, including 2D animations and presentation enhancements.
- Digital Marketing: Management of LinkedIn campaigns, demand generation, and leadership branding.
- Event Marketing: Pre- and post-event emailers, booth activities, and collateral ideation.
Regulatory Compliance
The disclosure aligns with SEBI’s Listing Obligations and Disclosure Requirements (Regulation 30), ensuring transparency. The contract is set to be executed over 12 months and is confirmed as an arms-length transaction with no related party involvement.
Looking Ahead
This partnership positions Toss The Coin Limited as a key player in global marketing services, reinforcing its commitment to innovation and growth. The company’s expertise in delivering high-impact marketing solutions is set to drive significant value for its international clientele.
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