Creative Newtech Secures Massive ₹3,194 Cr BharatNet Deal as Market Watch Continues

Creative Newtech Secures Massive ₹3,194 Cr BharatNet Deal as Market Watch Continues​

Infra and Telecom Sector Wins Big Contracts​

The infrastructure and technology sectors saw significant developments with multiple companies securing large orders. HG Infra Engineering received a provisional completion certificate for a project valued at Rs 4,970.99 crore in Uttar Pradesh. This project involves the EPC execution of civil works for the Ganga Expressway. Creative Newtech also landed a substantial advance work order from BSNL. The deal, worth approximately Rs 3,194.83 crore, covers the design, supply, and installation of the BharatNet Middle Mile Network in the Odisha Telecom Circle. Furthermore, EMS was awarded the lowest bidder (L-1) status by UP Jal Nigam (Urban), Varanasi for construction work with an estimated order value of approximately Rs 102.8 crore.

Strategic Investments and Corporate Shifts​

Alembic Pharmaceuticals is expanding its market presence through a strategic investment move. The company has executed a Shareholders' Agreement to acquire a 45 percent equity stake in a newly incorporated Canadian corporation. Meanwhile, Hindustan Zinc signed an MoU with The Energy and Resources Institute (TERI). This agreement aims to develop a 250-hectare ecological restoration project in Rajasthan. In the bulk market deals, SBI Mutual Fund acquired 63.65 lakh shares (0.52 percent stake) in Adani Energy Solutions from GQG Partners Emerging Markets Equity Fund for Rs 957.9 crore. The fund house also purchased 1.64 crore shares (1.27 percent stake) in Adani Enterprises from the same seller for Rs 4,789.6 crore at Rs 2,913.4 per share.

Management Changes and Future Financial Plans​

Allied Blenders and Distillers announced a change in leadership. Alok Gupta resigned as Managing Director (MD), effective May 31, 2026. The Board has appointed Amar Sinha to take over as the new Managing Director starting June 1, 2026. Zee Entertainment Enterprises is set for a key meeting on June 10. The Board of Directors will consider raising funds by issuing equity shares and/or other securities convertible into equity shares in one or more tranches.

Detailed Market Transactions and Listings​

Lenskart Solutions was noted in trading activity, as Viridian Asia Opportunities Master Fund acquired 18.96 lakh shares (0.1 percent stake) from Copthall Mauritius Investment for Rs 96.42 crore at Rs 508.55 per share. Sterlite Technologies saw a purchase by Motilal Oswal Mutual Fund of 36.48 lakh shares (0.74 percent stake) for Rs 225.86 crore at Rs 619.07 per share. In a related transaction, Invesco Developing Markets Fund sold 78.85 lakh shares (0.68 percent stake) in Pine Labs for Rs 115.11 crore at Rs 145.97 per share. PNGS Reva Diamond Jewellery received an additional 1.6 lakh shares (0.5 percent stake) from Promoter P N Gadgil & Sons for Rs 6.26 crore at Rs 391.58 per share.

SMEs and Commodity Market Focus​

The Small and Medium Enterprises (SME) category saw several companies in focus, including Merritronix and SMR Jewels. Unified Data Tech Solutions is set to trade ex-dividend. Consecutive Commodities and Ravindra Energy are listed as stocks trading ex-date for rights. Amber Enterprises India and Kaynes Technology India are currently among the stocks placed in an F&O ban.