Key corporate updates on July 25 include Sun Pharma’s $200 million US settlement, Zydus’ USFDA nod, Adani’s copper JV, Wipro’s Saudi win, and major project or stake deals by Railtel, BEL, Century Ply, Coromandel, and more.
Sun Pharmaceutical Industries Ltd. has agreed to pay $200 million to settle antitrust claims in the United States. The case, brought in Pennsylvania’s Eastern District Court, centers on allegations that Sun Pharma and other companies colluded to fix prices of generic medications. The settlement was reached through Sun’s U.S. subsidiaries – Sun Pharmaceutical Industries Inc. and Taro Pharmaceuticals USA Inc. – which will compensate consumers who were allegedly overcharged for 18 generic drugs. Per Bloomberg, this agreement resolves all claims against the two companies without them admitting to any wrongdoing. The final terms are still subject to court approval.
Zydus Lifesciences Limited (including its subsidiaries/ affiliates, hereafter referred to as “Zydus”) has received tentative approval from the United States Food and Drug Administration (USFDA) for Ibrutinib tablets 140 mg, 280 mg, and 420 mg (USRLD: Imbruvica® tablets, 140 mg, 280 mg and 420 mg). Ibrutinib is a kinase inhibitor indicated for the treatment of adult patients with Chronic lymphocytic leukaemia (CLL)/Small lymphocytic lymphoma (SLL) with 17p deletion, and Waldenstrom’s macroglobulinemia (WM).
Adani group flagship company will divest 50 per cent of its copper tubes business to MetTube, while simultaneously acquiring a 50 per cent stake in MetTube’s Indian unit, the company said on Thursday. The two firms will collaborate to manufacture copper tubes used in air conditioning, renewable energy, and smart construction applications. “Adani Enterprises Ltd (AEL) has entered into a share purchase and shareholders agreements with MetTube Mauritius Private Limited (MetTube),” the firm said in a statement.
Wipro has bagged a multi-year strategic contract from Saudi Electricity Company (SEC)’s wholly-owned subsidiary National Grid to design and implement a Smart Meter Data Management (MDM) system. The financial details of the deal were not disclosed.
Railtel Corporation of India has received the work order from Dept of SSEPD, Govt of Odisha for Work Order amounting to Rs 10.05 crore (Including Tax). The order is for Implementation of Comprehensive IT Solutions for SSEPD Department and is to be executed by January 20, 2026.
Bharat Electronics Ltd. has received fresh orders worth Rs 563 crore so far in July, according to an exchange filing on Thursday. The new orders span a wide range of defence and strategic systems, further strengthening BEL’s position as a key supplier to India’s defence forces.
Century Plyboards (India) Ltd on Thursday commissioned the country’s largest particle board manufacturing plant near Chennai, Tamil Nadu, with an investment of Rs 600 crore, the company said in a statement. The 30-acre facility is located about 30 km from the company’s existing unit in Gummidipoondi. It is the firm’s second plant in the region, it added.
Coromandel International has received approval for acquisition of 17.69 per cent of issued share capital of Baobab Mining and Chemicals Corporation (BMCC) from existing shareholder of BMCC, at a consideration of $7.70 million by the company’s wholly owned subsidiary — Coromandel Chemicals (CCL). This will result in an increase in stake held by CCL from the current 53.82% to 71.51%. CCL will be executing the necessary agreements with respect to the above transactions. The Board of Directors of the company in their meeting held on July 24, 2025 have approved the same.
Enviro Infra Engineers Ltd has announced a significant step forward in its growth journey by strengthening its foot hold in the Reuse Treatment Technologies including Tertiary Treatment and Ultrafiltration Technologies. The Company has secured two (2) prestigious projects from Bangalore Water Supply and Sewerage Board (BWSSB).
GR Infraprojects Ltd has informed the exchanges that tit has emerged as the lowest bidder for a ₹290.23 crore EPC contract to construct a 26.67-km bypass near Giridih, Jharkhand, with a 24-month completion timeline
Piccadily Agro Industries Limited, the pioneering force behind India’s fastest-growing single malt brand – Indri, proudly announces the launch of its latest creation: Indri Agneya, a lightly peated single malt whisky that brings a bold new dimension to the Indian single malt whisky industry.
Long Term India Fund purchased 12.5 lakh equity shares or 0.78 per cent stake in Kajaria Ceramics. The shares were picked up at an average price of Rs 1,180 apiece, taking the transaction value to Rs 147.50 crore. Details of the sellers of Kajaria Ceramics’ shares could not be ascertained on the exchange.