Gujarat

By-elections to five legislative assembly constituencies in Gujarat, Kerala, West Bengal, and Punjab commenced on Thursday, June 19, with polling underway from 7 a.m. under tight security and logistical arrangements. Though limited in number, these contests are being closely watched for their implications on the broader power balance between the ruling National Democratic Alliance (NDA) and the opposition INDIA bloc.

In a landmark move, Gujarat Co-operative Milk Marketing Federation Ltd (Amul) has partnered with Spain's renowned dairy cooperative, COVAP, to introduce Amul Milk in Spain and across the European Union. The partnership will initially launch in major Spanish cities such as Madrid and Barcelona, with plans for further expansion across Europe. This collaboration not only marks Amul’s first entry into the European market but also underscores the global reach of Indian cooperatives.

Scoda Tubes Ltd, a Gujarat-based manufacturer of stainless-steel tubes and pipes, debuted on Indian stock exchanges at Rs. 140 per share—matching its issue price. The listing followed overwhelming investor interest, with the IPO receiving a subscription rate of 53.78 times. Post-listing, the stock hit its upper circuit on both the BSE and NSE, trading at Rs. 146.95 and Rs. 147 respectively. With a market capitalisation nearing Rs.

BluPine Energy, a prominent renewable energy platform, has secured a Rs 376 crore debt financing package for its 100 MW solar power project in Tharad, Gujarat. The project, undertaken by its subsidiary Solarcraft Power India 5, will be funded through a green loan from Standard Chartered, marking the financial closure of the initiative. Scheduled for commissioning in the first half of 2026, the project is expected to play a key role in Gujarat’s renewable energy goals and contribute to India’s broader clean energy transition.

Vikram Solar, one of India’s foremost solar module manufacturers, has landed a significant order from Gujarat Industries Power Company Limited (GIPCL) to supply 326.625 MW of high-efficiency solar modules for the ambitious Khavda Renewable Energy Park. Scheduled for delivery in FY26, the contract marks a substantial step forward in Vikram Solar’s domestic expansion and lifts its cumulative contribution to renewable capacity to approximately 577 MW.

Vipul Organics has announced significant progress in the construction of its greenfield manufacturing facility in Sayakha, Gujarat. With environmental and regulatory approvals already secured, the company is pushing ahead to complete civil works for Phase 1 by August 2025. The Effluent Treatment Plant (ETP) and supporting infrastructure are also on track to be finished by October 2025. Vipul Organics aims to initiate pigment powder production at the new facility in the third quarter of the 2025-26 fiscal year.

GROWiT India, a rapidly emerging player in the agritech sector, has raised USD 3 million in a Series A funding round to advance its mission of revolutionizing Indian agriculture through technology-driven solutions. The round was led by GVFL, with support from several prominent investors including Veloce Opportunities Fund, JITO, We Founder Circle, Sunicon Ventures Fund, Progrowth Ventures, and Hyderabad Angels.

Scoda Tubes, a Gujarat-based manufacturer of stainless-steel tubes and pipes, has raised Rs. 66 crore from anchor investors on the eve of its initial public offering, which opens on May 28. The IPO, entirely a fresh issue worth Rs. 220 crore, is priced between Rs. 130 and Rs. 140 per share. Funds will be deployed toward enhancing manufacturing capacity, meeting working capital needs, and general corporate activities. The offering has attracted notable institutional investors, underscoring strong market confidence.

India has taken a significant step toward revolutionizing its freight transportation landscape with the introduction of a 9000-horsepower electric locomotive, a landmark development inaugurated by Prime Minister Narendra Modi. Manufactured through a strategic partnership with Siemens Ltd, the locomotive is part of a larger initiative aimed at increasing the share of railways in national freight movement from the current 27% to 45%. With an investment exceeding Rs.

The Election Commission of India (ECI) has announced the schedule for upcoming by-elections to fill vacant legislative assembly seats in Gujarat, Kerala, Punjab, and West Bengal. Scheduled for June 19, with results to be declared on June 23, the elections follow vacancies caused by resignations and deaths of sitting legislators. Alongside the poll announcement, the Commission introduced revised guidelines to streamline polling-day procedures and enhance security, including new rules for canvassing and the restricted use of mobile phones near polling stations.