Jubilant Ingrevia Ltd buys 37.98% of Mister Veg Foods Pvt Ltd.

Jubilant Ingrevia Limited has acquired 37.98% of Mister Veg Foods Private Limited, the Company’s associate company. MVFPL is a private limited company that was founded and is based in India. It was established on September 11, 2020, under the Companies Act of 2013. The registered office of the company is located at Plot No 150,

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Unichem Lab gets USFDA nod for chest pain drug

Unichem Laboratories announced that the United States Food and Drug Administration (USFDA) has approved its Ranolazine extended-release tablets under an abbreviated new drug application (ANDA).The approved ANDA is a generic version of Gilead Sciences Inc.’s Ranexa. Ranolazine extended-release tablets are used to treat chronic angina (chest pain). Unichem’s Goa plant will commercialise the product. Unichem

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RVNL bags order worth Rs 112 crore

Rail Vikas Nigam (RVNL) gained 2.79% to Rs 63.66 after the company announced that it was the low bidder (L1) for supply, installation, testing, and commissioning work in Jabalpur for Rs 111.85 crore. The scope of the order includes the supply, installation, testing, and commissioning of 11 KV line bifurcation, line interconnection, line conductor augmentation,

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Eris buys nine dermatology brands from Dr. Reddy’s for ₹275 cr

Indian drugmaker Eris Lifesciences Ltd announced the acquisition of nine dermatology brands from Dr Reddy’s Laboratories for 275 crore in order to expand in the cosmetic dermatology business. The cash transaction is expected to close on or before March 31, Eris Lifesciences said in a stock exchange filing. The acquisition is not a’related party transaction,’

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HG Infra emerges lowest bidder for highway project in Jharkhand

The National Highways Authority of India (NHAI) has declared HG Infra Engineering as the lowest bidder (L-1) for a highway project in Jharkhand on a hybrid annuity mode (HAM). Under the Bharatmala Pariyojana in Jharkhand, the project includes the construction of a six-lane greenfield Varanasi Ranchi Kolkata highway from Deoria village to Donoreshan village on

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NIBE bags Rs 57-cr order from L&T

Larsen & Toubro (L&T) has issued four purchase orders totaling Rs 57.33 crore to the company. The order is for the fabrication of the bridge centre module structure as well as other modular bridge project assemblies and sub-assemblies. The order is to be carried out by March 2024. NIBE is in the business of trading

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Sunflag Iron and Steel Company inks PDA with solar power producer companies

Sunflag Iron and Steel Company has signed long-term Power Delivery Agreements (PDA) with three solar power producers: ReNew Green (MHH One), ReNew Green (MHK Two), and ReNew Green (MHK Three) (MPR Three). Furthermore, the Company has executed Share Subscription and Shareholders’ Agreements (SSHA) with Renew Green Energy Solutions (Promoter) and the above Power Producer Companies

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Ramkrishna Forgings and Titagarh Wagons consortium has emerged as the L1 bidder for manufacturing and supplying of forged wheels for the Indian Railways

The Ramkrishna Forgings and Titagarh Wagons consortium has been selected as the low bidder for the manufacturing and supply of approximately 1.6 million wheel discs of various Indian Railways rolling stock over a 20-year period at a rate of approximately 80,000 wheels per annum. As recently announced by Union Minister Ashwini Vaishnaw, the purpose of

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HPCL in pact to manufacture Chevron’s lubricants

HPCL already has its own lubricant brand, which would be added to the existing ones. The agreement calls for HPCL to manufacture, distribute, and market Caltex-branded lubricants in India. “This exciting partnership paves the way to leverage HPCL’s market leadership to add value via a broader, premium product offering to Indian consumers through synergies between

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Balu Forge receives an order for powertrain subassemblies

Balu Forge Industries announced a large trial order to supply Powertrain sub-assemblies to a tractor manufacturer in the Middle East. BFIL will supply a variety of powertrain subassemblies under the terms of the contract. These parts will be used to build engines that will power a variety of tractors. The trial order will initially consist

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