Watch out for these action-packed stocks: HAL, KEC International, IndiGo, Adani Enterprises, NTPC Green, Aarvee Denims, Newgen Software, Keynes Tech, Gland Pharma, Diamond Power

Hindustan Aeronautics has clarified that its negotiations with General Electric (GE) over the local production of GE414 engines have stalled. The clarification came in the wake of a media report, which the PSU major said was factually incorrect and misleading.

KEC International has secured new orders worth ₹2,211 crore across various businesses. The company’s Transmission & Distribution (T&D) business has secured an order for the Design, Supply & Installation of 380 kV of Overhead Transmission Lines in Saudi Arabia and an order for supply of towers, hardware and poles in the Americas, according to a disclosure to the bourses. The oil & gas pipeline business has secured its second international order for terminal station works in Africa, in addition to its ongoing pipeline laying project in the region. The company’s cables business has secured orders for supply of various types of cables in India and overseas.

InterGlobe Aviation (IndiGo) and Garuda Indonesia have entered into a codeshare agreement offering an enhanced network to their respective customers. This partnership aims to enable seamless travel for customers between India and Indonesia, through Singapore, Bangkok, Jakarta and Bali on a single booking, with through checked-in baggage. As part of this codeshare arrangement, IndiGo customers get access to 17 new destinations across Indonesia, while travellers on Garuda Indonesia can fly to seven destinations in India. 

Adani Enterprises’ Adani Airports Holdings has raised $750 million through external commercial borrowings from a consortium of international banks. The transaction was led by First Abu Dhabi Bank, Barclays and Standard Chartered Bank. The proceeds will be used to refinance existing debt, infrastructure upgrades, investments, as well as for capacity expansion.

The board of REC has approved a proposal to raise up to ₹1.55 lakh crore through the private placement of bonds or debentures. The fund-raising, which may be executed in multiple tranches, will be subject to shareholder approval at the forthcoming annual general meeting.

Aarvee Denims and Exports has informed the exchanges that it has repaid all outstanding bank loans in full and officially become bank debt-free. This marks a significant turning point, enabling the company to accelerate its strategic goals, invest in transformative opportunities, and fuel long-term innovation and growth.

Newgen Software Technologies has informed the exchanges of receiving an international order worth $2.5 million for the supply and implementation of its Enterprise Workflow and Content Management System. The contract, awarded by an overseas customer, includes licensing, implementation, and support services, and will be executed over a five-year period. As part of the deal, Newgen’s solutions will be deployed to drive digital transformation across multiple client business lines.

Ramesh Kunhikannan, one of the promoters of Mysuru-based Kaynes Technology India, on Wednesday divested a 1.8 per cent stake in the company for ₹624 crore by selling 11.25 lakh shares through open market transactions. After the latest transaction, Kunhikannan’s stake in Kaynes Technology India has come down to 55.91 per cent, from 57.71 per cent. Details of the buyers of Kaynes Technology India’s shares could not be ascertained on the exchanges.

NTPC Green Energy informed the exchanges that it has won 1,000 MW capacity in Uttar Pradesh Power Corporation Ltd (UPPCL)’s solar PV power project auction. The company has signed a Power Purchase Agreement (PPA) at a discovered tariff of ₹2.56 per kWh.

Insolvency appellate tribunal NCLAT on Wednesday declined any immediate relief by staying the NCLT order directing freezing assets of Gensol, its promoters, and related entities. It has directed two Gensol Group entities — BluSmart Premium Feet and Matrix Gas and Renewable — to approach the Ahmedabad bench of the National Company Law Tribunal (NCLT) with their plea, where the matter has been listed for hearing on June 12. Passing an order on the plea by the Ministry of Corporate Affairs, a vacation bench of the NCLT had on May 28 directed to freeze assets of Gensol, its promoters, and related entities. The two Gensol Group entities approached the National Company Law Appellate Tribunal (NCLAT), challenging the order and seeking an immediate stay on the orders passed by the NCLT.

Gland Pharma has informed the exchanges that its material subsidiary, Cenexi, has received a final inspection report from France’s drug regulator, Agence nationale de sécurité du médicament et des produits de santé (ANSM), citing 11 observations related to Good Manufacturing Practices (GMP) compliance at its Fontenay manufacturing facility.

Monarch Infraparks Pvt Ltd and GSEC Ltd , promoters of Diamond Power Infrastructure Ltd, will offload up to 5.98% stake through an offer-for-sale (OFS). The base issue comprises 2.1 crore equity shares, representing 3.99% of the company’s total equity. The offer has a green shoe option, whereby an oversubscription of an additional 1.05 crore shares, will also be considered, taking the total offer size to 3.15 crore shares or 5.98% of the equity capital.

Published on June 5, 2025