Sun Pharmaceutical Industries on Saturday said it will acquire 100% of Innovcare Lifesciences in an all-cash deal valued for ₹271 crore ($28.73 million). Sun Pharma said it has signed an agreement to acquire 100 per cent of the outstanding shares of Innovcare Lifesciences. The transaction is expected to be completed on or before July 31.
The United States Food and Drug Administration (US FDA) conducted a PAI at Eugia Steriles Private Limited (a 100% subsidiary of Eugia Pharma Specialities Ltd and a step-down subsidiary of Aurobindo Pharma), at Parawada Mandal, Anakapalli District, Andhra Pradesh, from June 10 to June 19. The inspection concluded with 5 observations and will be responded to within the stipulated time, it said.
Tata Motors has secured over 3,400 electric commercial vehicle (eCV) orders across segments, marking a significant inflection point in the mainstream adoption of electric mobility for both freight and passenger transport in India. The orders comprising ~2,000 SCVs and pick-ups, ~900 trucks, and ~500 buses-cut across a diverse range of applications, from e-commerce, logistics, FMCG and FMCD distribution, and intra-city mobility to demanding sectors such as cement, steel, mining, and tarmac operations, alongside inter- and intra-city passenger transport.
The board of Aavas Financiers has appointed Ghanshyam Gupta as Interim Chief Financial Officer and Punit Purushottam Agarwal as Interim Chief Risk Officer, effective June 22, 2026. The appointments follow the Board’s acceptance of resignations from the company’s President and CFO, Ghanshyam Rawat, and President and CRO, Ashutosh Atre, effective September 21, 2026. The outgoing executives will serve garden leave from June 21, 2026, to September 21, 2026.
Kannur District Food Safety Office (Kerala) has restricted the sale of a specific batch of Patanjali Foods’ Sorghum (Jowar) Flour due to the presence of maximum limits of Chlorpyrifos pesticide residues. The company announced its intention to appeal the order.
Dalmia Cement (Bharat) Ltd, wholly owned material subsidiary of Dalmia Bharat Limited, has commenced commercial production at the recently acquired plant located at Chunar (Uttar Pradesh) with Cement Grinding Capacity of 2.5 MTPA from June 20.
Power Mech Projects Ltd has secured an order from JSW Thermal Energy Limited for Civil & Structural Works of BTG Area for 2×800 MW Thermal Power Project at Salboni, West Bengal. The order size is ₹1,008.90 crore inclusive of GST.
DEEP Industries Ltd has received a Letter of Award for charter hiring services for gas Compression from Oil and Natural Gas Corporation Ltd at Lakhmani GGS-5, Assam Asset for a period of three years. The total estimated value of the award is approximately Rs 83.81 crore.
Refex Industries Ltd has procured an order from a Maharatna Company for Transportation of pond ash to NHAI road projects. The size of the order is Rs 29.34 crore.
Cranex Ltd has received fresh orders aggregating to approximately Rs 18.52 crore for manufacturing and supply of various EOT Cranes and related products. The fresh orders received by the company include orders from BHEL and Indian Railways for workshop infrastructure projects. In addition, the Company’s existing order book includes orders from BEML for railway projects including the Vande Bharat programme and orders for defence sector projects across India.
Texmaco Rail & Engineering Ltd has said that Odisha Power Transmission Corporation Ltd has awarded 2 orders having total value of Rs. 11.65 crores for Engineering, Supply Installation, Testing and Commissioning works for Construction of 2nd Circuit SC line on DC tower on Turnkey Contract basis.
Divgi TorqTransfer Systems Limited, a leader in automotive drivetrain systems and components, has secured a strategic order from an existing leading Indian Original Equipment Manufacturer (OEM). Under this program, Divgi TTS will supply Interactive Torque Management (ITM) Assemblies, Electronic Control Units (ECU) and Power Transfer Unit (PTU) Assemblies for the OEM’s upcoming All-Wheel Drive (AWD) variants of its mid-sized and full-sized SUV vehicle models.
3i Infotech Software Solutions L.L.C., a subsidiary of 3i Infotech Limited, has received a Purchase Order from a leading UAE-based technology company, for providing professional services contract including the rebadging of IT resources. The total value of the Purchase Order is approximately AED 13.08 MN (Rs 33.6 crore), exclusive of applicable taxes.
Shree Refrigerations Limited (SRL) inaugurated its new state-of-the-art manufacturing facility in Karad, Maharashtra, on Saturday. Developed in an area of over six acres, the new facility houses advanced manufacturing equipment like robotic welding, laser cutting, bending machines etc. and backwardly integrates various processes, including shot blasting and painting. With this, the company’s manufacturing footprint gets enhanced by 50,000 square feet, with the possibility of adding an additional 50,000 square feet, to meet future expansion requirements. It has been developed in compliance with the Indian Green Building Council (IGBC) standards.
Kirloskar Oil Engines Ltd (KOEL), one of India’s leading manufacturers of power generation solutions, has announced a significant order from HyperNext, a next-generation digital infrastructure company focused on delivering hyperscale-ready, AI-enabled data center solutions. The order comprises 192 MW, 96 units of KOEL’s 2500 kVA Optiprim Dual Core power systems, representing one of the largest deployments of high-capacity power systems for hyperscale data centres in India.
Knowledge Marine & Engineering Works Limited (KMEW) (BSE: 543273 | NSE: KMEW) has said that a consortium comprising Knowledge Shipyard Private Lgc, as Lead Partner, and KMEW, have received a prestigious contract from the Inland Waterways Authority of India, Ministry of Ports, Shipping and Waterways, Government of India, for the Design, Construction, Supply, Testing and Commissioning of 10 Hybrid Electric Passenger Ferries having a capacity of 20 passengers each.
Century Enka Ltd has entered into a Power Purchase Agreement with ABREL Century Energy Ltd, a Special Purpose Vehicle, for setting up a 9.9 MW wind-solar hybrid power plant for procurement of power under the captive consumption mechanism. In accordance with the provision of the Electricity Act, the company is required to hold a minimum of 26 per cent of the equity share capital of the power producer to qualify as a captive user of the power generated by such power producer.
Himadri Speciality Chemical Ltd (Himadri), a global leader in speciality chemicals and advanced carbon materials, has further strengthened its strategic partnership with International Battery Company, Inc. (IBC), a U.S. headquartered technology developer and manufacturer of chemistry-agnostic prismatic Lithium-ion (Li-ion) cells, through an additional investment of USD 0.66 million.
Garden Reach Shipbuilders and Engineers (GRSE) Ltd was accorded Navratna status by the Department of Public Enterprises, Ministry of Finance, Government of India, on Friday. Similarly, the Government of India has granted Navratna Status to Chennai Petroleum Corporation Ltd as well. Rail Vikas Nigam Ltd has received Letter of Award of Contract from NMDC Ltd for “Setting up of Buffer Stockpiles & Blending Yard of 10 MTPA handling capacity at Vizag, Andhra Pradesh”. The order size is Rs. 2977 crore. (including GST at 18 per cent).