Today’s stock market news 13 June 2025
Sasken Technologies Partners with Microsoft to Drive Smart Device Innovation
Strategic Collaboration Overview
Sasken Technologies Ltd. (BSE: 532663, NSE: SASKEN), a global leader in product engineering and digital transformation, has announced a strategic partnership with Microsoft through the Microsoft Devices Ecosystem Platform (MDEP). This collaboration, bolstered by Sasken’s recent acquisition of Borgs Technologies’ Connected Devices business, aims to accelerate the development and deployment of next-generation smart devices.
Key Benefits of the Partnership
By integrating Sasken’s engineering expertise with Microsoft’s MDEP, the alliance will empower OEMs and ODMs to:
- Fast-track innovation in intelligent and secure collaboration devices.
- Reduce development complexity through end-to-end product engineering services.
- Enhance user experiences with cutting-edge IoT and embedded systems solutions.
Leadership Insights
Hareesh Ramanna, Chief Experience Officer & President of Borgs Technologies (a Sasken Group company), stated: “This partnership aligns with our mission to help customers build differentiated products and accelerate time-to-market. Combining our expanded capabilities with MDEP’s platform will deliver unparalleled value to OEMs.”
Juha Kuosmanen, Head of MDEP at Microsoft, added: “Sasken’s deep engineering heritage will be a significant asset to our ecosystem, enabling OEMs to innovate efficiently.”
About Sasken Technologies
With over 30 years of experience, Sasken specializes in chip-to-cognition R&D services, serving Fortune 500 companies across industries like Automotive, IoT, and Telecom.
This partnership underscores Sasken’s commitment to driving connected, intelligent device innovation on a global scale.
SEPC Limited Secures ₹650 Crore Solar EPC Project, Doubling Domestic Order Book
Key Highlights of the Project
SEPC Limited (NSE: SEPC | BSE: 532945), a prominent Engineering, Procurement, and Construction (EPC) company, has secured a significant Letter of Award worth ₹650 crore from Parmeshi Urja Ltd (a subsidiary of India Power Corporation Limited). The contract involves the design, engineering, supply, installation, and commissioning of a 133 MW Solar Power Project across four districts in Maharashtra—Sambhaji Nagar, Dhule, Solapur, and Nanded. The project falls under the PM-KUSUM Yojana, a government initiative to promote solar energy in agriculture and rural development.
Strategic Expansion into Renewable Energy
This project marks SEPC’s strategic re-entry into India’s renewable energy sector, leveraging its past expertise in wind, biomass, and thermal power. The order doubles SEPC’s domestic order book, reinforcing its capability to deliver large-scale infrastructure projects with engineering excellence. The execution timeline is set for 12–18 months, emphasizing timely delivery.
Leadership’s Perspective
Mr. Abdulla Mohammad Ibrahim Hassan Abdulla, Chairman of SEPC, stated: “This milestone reflects our commitment to India’s sustainable energy goals. We aim to execute this project with operational excellence, aligning with our vision for a clean energy future.”
About SEPC Limited
SEPC specializes in turnkey EPC solutions across water, roads, and industrial infrastructure. In FY25, it reported a standalone revenue of ₹597.65 crore, showcasing robust financial health.
This project underscores SEPC’s growth momentum and its alignment with India’s renewable energy ambitions.
SG Mart Enters Renewable Sector with ₹266 Cr Solar Mounting Orders
New Diversification in Green Energy
SG Mart Limited (formerly Kintech Renewables Ltd.) has made a strategic entry into the renewable energy space by launching solar module mounting structures under its new brand, APL Apollo SunSteel. The company has already secured confirmed orders worth ₹266 crore (excluding GST) from several Independent Power Producers (IPPs), signaling a robust market response.
Strategic Supply and Distribution Strength
Capitalizing on its strength in steel procurement and nationwide distribution network, SG Mart has already begun supplying its solar mounting solutions. The company aims to cater to India’s growing solar energy demand, aligning with the country’s push for cleaner infrastructure.
Leadership Perspective and Vision
Joint Managing Director Shiv Bansal highlighted the positive reception from IPPs and EPC contractors across India. He emphasized that SG Mart’s steel procurement efficiency and distribution reach will enable rapid scaling of its new renewable segment.
About SG Mart
SG Mart is a rising force in India’s B2B construction material sector, known for its strong presence in the steel value chain. With this move, it is positioning itself as a key player in India’s transition toward green infrastructure by offering reliable and cost-effective solar mounting solutions.
ENBEE Trade and Finance Partners with Sunrise FinServe to Drive Growth
ENBEE Trade and Finance Ltd has entered a strategic alliance with Sunrise FinServe Pvt Ltd to enhance its loan disbursement capacity and operational efficiency across Maharashtra and Gujarat. This move aims to strengthen financial inclusion and customer experience in semi-urban and underserved regions.
Leveraging Sunrise FinServe’s extensive distribution network and digital capabilities, ENBEE seeks to accelerate its retail lending operations. The partnership is expected to reduce turnaround times, improve credit accessibility, and streamline loan processing.
ENBEE reported a stellar performance for FY25, with total revenue rising 92% year-on-year to ₹19.73 crore. Net profit jumped 217% to ₹4.95 crore from ₹1.56 crore the previous year. Q4 FY25 also showed a strong 76% profit increase to ₹1.64 crore. These figures highlight the company’s robust financial trajectory.
In December 2024, ENBEE successfully concluded a ₹45.08 crore rights issue to repay promoter loans and strengthen its capital base. The issue was oversubscribed by 1.03 times.
Founded in 1985, ENBEE is a non-deposit taking NBFC focused on lending to individuals and SMEs. With a strong ESG commitment, the company also finances green technology, EV infrastructure, and renewable energy projects.
Anupam Rasayan Signs LOI to Enter Lithium-Ion Battery Chemicals Market
Anupam Rasayan India Ltd. has taken a significant step toward entering the lithium-ion battery chemicals market by signing a Letter of Intent (LOI) with E-Lyte Innovations GmbH and FUCHS LUBRICANTS GERMANY. This partnership sets the stage for the long-term supply of Lithium Hexafluorophosphate (LiPF6), a key electrolyte salt used in energy storage systems.
The LOI envisions the supply of up to 1,500 TPA of LiPF6 over a five-year period, with commercial deliveries likely to begin in FY 2026–27. This move highlights Anupam’s commitment to diversifying into high-growth sectors, especially the energy storage space.
Anupam Rasayan will become one of the first Indian manufacturers of this compound, backed by its process optimization capabilities and raw material security through its subsidiary, Tanfac Industries. This strategic leap enhances India’s position in the global battery supply chain.
Managing Director Anand Desai emphasized the importance of this alliance in ensuring quality and cost-effective supply solutions. With this agreement, Anupam positions itself as a preferred partner in the advanced energy solutions ecosystem, reinforcing its reputation in specialty chemicals and innovative manufacturing.
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