G R Infraprojects has been named the lowest (L1) bidder for two projects proposed by National Highways Logistics Management. The first project entails the development, operation, and maintenance of a ropeway from Gaurikund to Kedarnath in Uttarakhand using a hybrid annuity mode (HAM). The estimated cost of the project is Rs 1,875 crore. The construction
Asian Paints, one of India’s leading paint manufacturers, has signed a Memorandum of Understanding (MoU) with the Gujarat government to establish a manufacturing facility in Dahej. The agreement was signed through Asian Paints, the company’s newly formed wholly-owned subsidiary (Polymers). In Dahej, Gujarat, an Asian Paints subsidiary will establish a manufacturing facility for Vinyl Acetate
BEML rose 2.26% to Rs 1,435.75 after the company announced a memorandum of understanding (MoU) with a special purpose vehicle (SPV) led by the Delhi Metro Rail Corporation (DMRC) for the supply of metro rolling stock for the Bahrain Metro Rail Project Phase-1. The DMRC-led SPV has been chosen to build Phase 1 of the
Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited and a leading Indian cement manufacturer, has deployed its first fleet of 35 LNG trucks. For this initiative to build a ‘green’ supply chain, DCBL has partnered with GreenLine Logistics (Green Planet Logistics Pvt Ltd.), India’s first and only LNG-fueled heavy trucking logistics company.
Tata Motors announced on Monday that it intends to supply 25,000 XPRES-T Tata Motor Electric Vehicles (EVs) as part of a Memorandum of Understanding (MoU) with ride-sharing app Uber for inclusion in their premium category service. Uber said in a statement that Tata Motors will help it electrify its services in Delhi-NCR, Mumbai, Kolkata, Chennai,
According to a company document, GAIL (India) Ltd, India’s largest gas distributor, is looking to buy an equity stake of up to 26% in a liquefied natural gas (LNG) liquefaction plant or project in the United States. Last year, GAIL experienced supply disruptions as a result of Russia-owned Gazprom Marketing and Trading (GMTS) failing to
The US Food and Drug Administration (USFDA) has granted tentative approval to Zydus Lifesciences’ subsidiary Zydus Pharmaceuticals (USA) Inc. for Gabapentin Tablets (Once-Daily), 300 mg and 600 mg (USRLD: Gralise Tablets). Gabapentin tablets are prescribed to treat Postherpetic Neuralgia (PHN). The drug will be produced at the group’s Moraiya formulation manufacturing facility. Gabapentin Tablets had
Zydus Pharmaceuticals (USA) Inc., a subsidiary of 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 Canagliflozin and Metformin Hydrochloride Tablets, 50 mg/500 mg, 50 mg/1,000 mg, 150 mg/500 mg, and 150 mg/1,000 mg (USRLD: Invokamet Tablets). Canagliflozin and
Kalyani Strategic Systems (KSSL), a wholly owned subsidiary of Bharat Forge, has signed an agreement with Rolls-Royce Marine North America to develop naval propulsion systems for the Indian market. Under the terms of the agreement, KSSL will work with Rolls-Royce on propulsion system design and development, licenced manufacturing, pre-sales and sales support, installation, commissioning, testing,
The subsidiary of Samvardhana Motherson International — Samvardhana Motherson Automotive Systems Group B.V., the Netherlands, has agreed to acquire a 100% stake in SAS Autosystemtechnik GmbH, Germany, from Faurecia, a FORVIA Group company. The acquisition’s goal is to improve integration in the automotive supply chain, resulting in increased customer proximity and product diversification across customers,
