Lemon Tree Hotels has announced signing of latest property — the Lemon Tree Hotel, Itanagar, Arunachal Pradesh. The property will be managed by Carnation Hotels Private Ltd, a wholly-owned subsidiary of Lemon Tree Hotels Ltd. It will feature 70 well-appointed rooms, a restaurant, a bar, a banquet, a meeting room, a swimming pool, a gym, a spa, and other public areas. The Donyi Polo Airport, Itanagar is approximately 25 km from the property. Naharlagun (Itanagar) Railway Station is approximately 12 km from the property. The hotel is also well-connected by road, offering easy access to both public and private transport.

Leakage of gas continued for the fourth day at a crude oil well of energy major ONGC in Assam’s Sivasagar district, where around 1,500 people have been affected by the blowout and 70 families shifted to a relief camp, officials said. Assam Chief Minister Himanta Biswa Sarma said the government is concerned about the blowout, which is yet to be controlled. “The Chief Secretary has spoken to the company officials. We are in touch with ONGC and came to know that more experts have reached the spot,” he told reporters in Dibrugarh.

HBL Engineering informed the exchanges that South Central Railway has issued it a letter of acceptance for “Upgradation of the Kavach Version 3.2 to Kavach Version 4.0” in the Mudkhed (including) - Manmad (excluding) section covering 350 km. The contract value for upgradation of the Kavach System is ₹30.67 crore to be completed within 24 months. The total accumulated order book including this order for upgradation of Kavach system is ₹4,029.05 crore, it further said.

NTPC plans to raise ₹4,000 crore by issuing unsecured non-convertible debentures (NCDs) through private placement at 6.89% p.a. The debentures will have a tenor of 10 years and 1 day, maturing on 18 June 2035. They are proposed to be listed on the National Stock Exchange (NSE). Proceeds will be utilised for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes. Meanwhile, it announced the commencement of commercial operations for Unit-3 (660 MW) of its North Karanpura Super Thermal Power Project (3x660 MW), effective from 00:00 hours on June 15, 2025. With this, NTPC’s total standalone commercial capacity has increased to 60,266 MW, while its group capacity has reached 81,368 MW.

Power Finance Corporation Ltd (PFC), a leading public sector undertaking under the Ministry of Power, has announced the incorporation of ‘Wagdari Transmission Ltd’ as a wholly-owned subsidiary of PFC Consulting Ltd (PFCCL). The new Special Purpose Vehicle (SPV) has been established to develop a 400/220 kV transmission sub-station at Wagdari in Maharashtra’s Solapur district.

ITC has completed the acquisition of a 100% equity stake in Sresta Natural Bioproducts Pvt Ltd (SNBPL) for ₹400 crore. The deal involves the purchase of 1,87,48,858 equity shares of ₹10 each. With this acquisition, SNBPL has become a wholly-owned subsidiary of ITC, while its overseas subsidiaries — Fyve Elements LLC, USA, and Sresta Global FZE, UAE — have become step-down wholly-owned subsidiaries of the company, effective June 13, 2025.

Ramkrishna Forgings Ltd has disclosed the findings of a joint fact-finding investigation, which confirmed that certain erroneous entries/ non-recording of rejections at plants resulted in overstatement of WiP/Raw Material /Scrap Inventory as oft 31 March, 2025 and as of 31 March, 2024 valued at ₹220.52 crore and ₹50.22 crore respectively. The approximate adverse impact (net of tax) on the net worth of the company would be around 6.73 per cent and added that such a shortage has been recorded in the Financial Results for the Quarter and Financial Year ended 31 March, 2025 and 31 March, 2024. “We would further like to mention in the outcome that there is no further financial impact required on account of the final Joint Fact Finding Report” the company said in a regulatory filing. 

The National Company Law Tribunal, Mumbai Bench has approved a Composite Scheme of Amalgamation and Arrangement between Valor Estate (formerly DB Realty) and Esteem Properties Pvt Ltd and Advent Hotels International Private Ltd.

Sun Pharmaceutical Industries’ drug manufacturing facility in Halol, Gujarat, has been issued eight observations by the U.S. Food and Drug Administration (FDA). The drug authority issued a Form-483 with eight observations following conclusion of a Good Manufacturing Practices (GMP) inspection of the facility from June 2-13, Sun Pharma said in a filing to the stock exchanges.

Birla Corporation has informed the exchanges that it has been declared a preferred bidder for the Gourum Khan Ki Dhani (South) limestone block in Rajasthan, following an e-auction conducted by the state government. The limestone block is located in Jaisalmer district and covers an area of 499.6394 hectares. The company emerged as the preferred bidder with the highest final price offer of 20.60 per cent.

The board of Vedanta will meet on Wednesday to consider an interim dividend proposal. The record date for the said interim dividend has been fixed as Tuesday, June 24.

Syngene International has received an Establishment Inspection Report (EIR) from the US Food and Drug Administration (FDA) for its GMP manufacturing facilities at Biocon Park, SEZ, Bengaluru. The inspection, which took place between February 10-20, concluded with a classification of voluntary action indicated (VAI).

Rekha Jhunjhunwala continues to pare her stake in Nazara Technologies. On Friday, June 13, Jhunjhunwala sold an over 3 per cent stake in the company through bulk deals on both the BSE and NSE. According to exchange data, she offloaded 13 lakh shares on the BSE at an average price of ₹1,225.19 per share, and another 14 lakh shares on the NSE at ₹1,225.63 apiece

In a notice to the stock exchanges, SG Mart has successfully marked its entry into the renewable energy sector by launching the supply of solar module mounting structures, under the brand APL Apollo SunSteel. In a significant milestone, the company has already received confirmed orders amounting to ₹266 crore (excluding GST), from multiple Independent Power Producers (IPPs), signalling strong market acceptance of its new product line. To meet the rising demand for solar mounting solutions, driven by India’s renewable energy ambitions, the company is leveraging its robust sourcing and distribution network. Supplies have commenced, and deliveries for initial orders are underway.

Toss the Coin, BSE-SME listed company, has entered into a Master CMO Retainer Service Agreement with Education Elements, Ann Arbor, US, for marketing objectives for ₹1.03 crore ($120,000). The order is expected to be executed in 1 year.

Arkade Developers has acquired a 6.28 acre freehold land parcel for a total consideration of ₹172.48 crore including stamp duty, marking its foray into the Thane real estate market. The transaction will pave the way for a marquee mixed-use development with a projected gross development value (GDV) of ₹2,000 crore having a RERA saleable area of 9.26 lakh sq. ft., the project launch is slated for early 2026, it said in a note to the stock exchanges.

 Zodiac Energy is closing its Lucknow branch with effect from June 15, 2025 as the company is reducing its Fixed Operational Cost. However, the company will continue to offer Sales and Services through its Resident Engineers based at Lucknow. The closure does not have any material and adverse impact on the operation of the company.

Published on June 16, 2025