Several major Indian companies, including BEML, Tata Steel, Tata Power, and DMart, are in focus on Monday, July 7, following significant business developments and financial updates.
Market Performance Snapshot
Indian benchmark indices, Sensex and Nifty, closed higher on Friday amidst volatile trading. This upward trend was fueled by strong buying in banking and other key stocks, influenced by a rally in US markets.
The 30-share BSE Sensex gained 193.42 points, or 0.23%, to settle at 83,432.89. Throughout the day, it experienced swings between a high of 83,477.86 and a low of 83,015.83. Similarly, the 50-share NSE Nifty saw a modest increase of 55.70 points, or 0.22%, reaching 25,461.
BEML Bags International Orders
State-owned BEML Ltd announced on Friday that it has secured two new export orders. These prestigious deals, valued at a combined USD 6.23 million, originate from the Commonwealth of Independent States (CIS) region, including Uzbekistan.
Tata Steel Faces Rs 1,902 Crore Demand
Tata Steel has received a demand notice for Rs 1,902 crore from the Deputy Director of Mines in Jajpur, Odisha. This notice relates to an alleged shortfall in mineral dispatch from its Sukinda Chromite Block.
The steel giant stated it would pursue appropriate legal remedies to challenge the demand. The notice pertains to a revised assessment for the fourth year of its Mine Development and Production Agreement, covering July 2023 to July 2024.
Tata Power’s Renewable Energy Push
Tata Power is actively transforming its business model, moving beyond just solar and wind energy. Chairman N Chandrasekaran stated the company aims to become a major player in the hybrid renewable energy market.
Additionally, Tata Power is prepared to explore opportunities in nuclear power development in the future, signaling a broader commitment to sustainable energy sources.
Godrej Consumer’s Q1 Margin Expectations
Godrej Consumer Products anticipates its India business margin to remain below its usual range for the June quarter. Despite this, the company expects to achieve high-single-digit value growth, primarily driven by an increase in sales volumes.
The FMCG arm of Godrej Industries Group noted that its volume growth in the standalone business has been highly competitive and shows sequential improvement.
Bank of Maharashtra Sees Credit Growth
State-owned Bank of Maharashtra (BoM) reported a robust credit growth of 15.36% for the April-June quarter, reaching Rs 2.41 lakh crore. This is a significant jump from Rs 2.09 lakh crore recorded in the same period last fiscal year.
The Pune-headquartered lender also saw a 14.08% increase in total deposits, which rose to Rs 3.09 lakh crore. This growth reflects a strong first quarter performance for BoM.
KPI Green Energy Secures Large Solar Project
KPI Green Energy Ltd announced on Friday that it has received an order to develop a 100 MW solar project. This substantial project will be established in Gujarat for a private entity.
The company’s responsibilities include end-to-end Engineering, Procurement & Construction (EPC) delivery. They will also supply advanced module mounting systems and balance-of-plant materials for the project.
DMart’s Strong Revenue Growth
Avenue Supermarts Ltd, the parent company of the popular retail chain DMart, reported a substantial 16.2% increase in standalone revenue from operations. For the June quarter of FY26, revenue stood at Rs 15,932.12 crore, up from Rs 13,711.87 crore in the corresponding period last year.
As of June 2025, DMart operates a total of 424 stores, indicating continued expansion and strong consumer demand.
- BEML secured USD 6.23 million in export orders from the CIS region.
- Tata Steel received a Rs 1,902 crore demand notice regarding mineral dispatch.
- Tata Power is expanding into hybrid renewables and exploring nuclear energy.
- Bank of Maharashtra reported 15.36% credit growth and 14.08% deposit growth.
- DMart’s standalone revenue jumped 16.2% to Rs 15,932.12 crore.
These developments highlight dynamic movements across various sectors as companies navigate market conditions and pursue growth opportunities.
