Several prominent Indian companies are set to be in the spotlight on Tuesday, June 9, 2026, following significant corporate developments and market movements. These include NLC India, Grasim Industries, HCL Technologies, Bharti Airtel, Vodafone Idea, Adani Enterprises, Rail Vikas Nigam (RVNL), and IRB Infrastructure Developers.
Key Developments Across Sectors
NLC India: Government Stake Sale
The Government of India plans to divest up to a 3 percent stake in NLC India through an Offer-for-Sale (OFS). The floor price for the shares has been set at Rs 303 per share, representing approximately a 10 percent discount from its previous closing price. The OFS will open for non-retail investors on June 9 and for retail investors on June 10.
Telecom Sector: Airtel & Vodafone Idea's Legal Win
In a significant ruling for the telecom industry, the Bombay High Court has struck down the Centre's one-time spectrum charge previously imposed on Bharti Airtel and Vodafone Idea. The court ruled that the government lacked the authority to retrospectively alter the financial terms of telecom licenses years after they had been granted, providing substantial relief to both operators.
Grasim Industries: Major Capacity Expansion
Aditya Birla Group company Grasim Industries has announced a substantial investment of Rs 3,094 crore for the Phase II expansion of its Lyocell capacity. This expansion, located at Harihar, Karnataka, will add 110 KTPA (kilo tonnes per annum) through two production lines, each with a capacity of 55 KTPA. The first line is projected to be commissioned by 2028, with the second following by 2030.
HCL Technologies: Advancing AI Innovation
IT solutions major HCL Technologies has launched a new AI Innovation Zone in collaboration with Google Cloud. Located in California, this new facility is designed to enable global enterprises to scale various AI applications, encompassing agentic, kinetic, and physical AI technologies.
Adani Enterprises: Strategic Acquisition
Adani Airport City (AACL), a wholly owned step-down subsidiary of Adani Enterprises, has executed a Share Purchase Agreement (SPA) with Portus Ventures (PVPL) and its existing shareholders. This agreement facilitates the acquisition of 100 percent equity shares in PVPL, marking a strategic move for Adani Enterprises.
Rail Vikas Nigam (RVNL): New EPC Order
State-run railway company Rail Vikas Nigam (RVNL) has secured an Engineering, Procurement, and Construction (EPC) order. The Letter of Acceptance for this order, valued at Rs 221.33 crore, was received from South East Central Railway.
IRB Infrastructure Developers: Strong Toll Revenue Growth
Toll operator IRB Infrastructure Developers reported a significant increase in its toll revenue for May. The company's revenue surged by 25 percent year-on-year to Rs 843 crore, up from Rs 672 crore in the corresponding month last year. This figure includes contributions from its two sponsored InvITs: IRB Infrastructure Trust and IRB InvIT Fund.