Vardhman, Ashok Leyland, Servotech, Kaynes Tech, Zydus, Wipro, MOIL | Stocks in News (June 4, 2025)

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📈 Stocks in News Today – June 3

Catch all the major corporate announcements making headlines in the Indian stock market:

Vardhman Special Steels Ltd: Secured ₹384.85 crore from Aichi Steel to raise its stake to 24.9%, planning a ₹1,100 crore green steel plant.

Ashok Leyland Ltd: Won a ₹183.72 crore order for 543 BSVI diesel chassis and buses from TNSTC, to be executed by December 2025.

Servotech Renewable Power System Ltd: Secured a ₹33.6 crore, 7.8 MW solar rooftop project from Northeast Frontier Railway, including 5-year maintenance.

Kaynes Technology India Ltd: Investing $8.8 million in Kaynes Holding Pte. Ltd. and guaranteeing ₹250 crore for Kaynes Canada, targeting electronics expansion.

Zydus Lifesciences Ltd: Licensed Botensilimab and Balstilimab from Agenus Inc. for India and Sri Lanka, advancing cancer therapy trials.

NLC India Ltd and Rajasthan Rajya Vidyut Utpadan Nigam Ltd: Formed two JVs, NIRL Rajasthan Renewables and NLC Rajasthan Power, for green energy and lignite projects.

Wipro Ltd: Secured a multiyear AI and analytics deal with Entrust to enhance productivity and security.

Ather Energy Ltd: Surpassed 100,000 Rizta scooter sales, leading South India with 60% of total sales volume.

Praj Industries: Partnered with IATA and ISMA to assess and certify Sustainable Aviation Fuel, aligning with India’s SAF blending mandates.

MOIL Ltd: Achieved record May manganese ore production of 1.71 lakh tonnes, up 18% YoY.

Pidilite Industries Ltd: Received a ₹97.88 lakh GST penalty, planning to appeal with no material impact expected.

Swaraj Engines Ltd: Faced a ₹40.83 lakh VAT penalty for FY 2013-14, intending to appeal.

Sun Pharmaceutical Industries Ltd: Discontinued SCD-044 trials after failing Phase 2 endpoints for psoriasis and atopic dermatitis.

Thyrocare Technologies Ltd: Infused $175,000 into Thyrocare Tanzania via preference shares for operational needs.

R Systems International Ltd: Partnered with Mavvrik for AI and cloud cost intelligence solutions.

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