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June 22, 2026 TOP NEWS Kirloskar Oil
Engines: Announced a significant order from HyperNext,
a next-generation company focused on delivering hyperscale-ready, AI-enabled
data center solutions. The order comprises 192 MW, 96 units of KOEL's 2500
kVA Optiprime Dual Core power systems, representing
one of the largest deployments of high-capacity power systems for hyperscale
data centres in India. Powermech Projects: Bags ₹1,008.9 Cr order from JSW Thermal
Energy for civil & structural works (Boiler-Turbine-Generator) of 2x800
MW Salboni plant, West Bengal. Aavas Financiers: The National Housing Bank (NHB) has
begun a formal probe into Aavas Financiers after preliminary inquiries
uncovered loan classification irregularities, with multiple instances of
loans categorised under ineligible refinancing schemes. Negative Bharat Forge: The
company has signed a Rs 425 crore contract with the Ministry of Defence (MoD), India, for the supply of gas turbine
generators to the Indian Navy for onboard power generation on Kolkata-class
ships. The contract will be executed over a period of five years. Tata Motors Ltd: The
company 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. Aurobindo Pharma :
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. Pace Digitek Ltd has approved a significant expansion of its
manufacturing capabilities, involving an investment of approximately Rs 200
crore to increase its total capacity to 10 GWh. The Board of Directors,
meeting on June 20, 2026, sanctioned the addition of 7.5 GWh to the existing
2.5 GWh capacity. The expansion includes a new 5 GWh facility and an
additional 2.5 GWh expansion at the existing site, both targeted for
commissioning during FY2027 to support a growing order pipeline of 5.32 GWh. OTHER NEWS Hindalco: Hindalco announced to the
exchanges that it officially established a manufacturing facility in Chakan,
Pune, to produce aluminium bicycle components. The facility will produce
bicycle frames, rigid forks, handlebars, and tyre rims for both domestic and
international markets. The facility will produce bicycle frames, rigid forks,
handlebars, and tyre rims for both domestic and international markets. The
facility has an annual capacity of approximately 5 lakh frames and forks, 7.5
lakh handlebars, and 8 lakh pairs of tyre rims. Overall, this is supportive
development as this facility is anticipated to increase product
diversification and facilitate higher value realisations in comparison to
primary aluminium products. Sun Pharmaceutical Industries : The company has agreed to acquire 100% of the outstanding shares of Innovcare Lifesciences for Rs 271.2 crore. Innovcare Lifesciences is engaged in the marketing, distribution, and sale of pharmaceutical drugs, nutraceuticals, and cosmeceutical products. |
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