UltraTech Cement Ltd, the cement flagship of the Aditya Birla Group, has announced that it will surpass 200+ million tonnes per annum (MTPA) of installed cement manufacturing capacity in India. The Company is set to commission three new cement grinding units today, with a cumulative capacity of 8.7 MTPA. With this, UltraTech will become the world’s largest cement company outside China.
Pharma counters
The U.S. FDA has concluded an inspection at Lupin Ltd’s manufacturing facility located in Somerset, New Jersey, US. The inspection was conducted from April 13 to April 17 and concluded with the issuance of a Form 483 containing three observations. The company will address the observations and respond to the U.S. FDA within the stipulated timeframe. The company is committed to being compliant with CGMP standards across all its facilities.
Aurobindo Pharma Ltd has announced the receipt of the final approval from the US Food & Drug Administration (USFDA) to manufacture and market Dextromethorphan Polistirex Extended-Release Oral Suspension, 30 mg/5 mL (OTC), which is bioequivalent and therapeutically equivalent to the reference listed drug (RLD), Delsym Extended-Release Oral Suspension, 30 mg/5 mL, of RB Health (US) LLC. The product will be manufactured at Unit-IV of APL Healthcare Limited, a wholly owned subsidiary of the company, and will be launched in Q2FY27.
The USFDA has conducted an inspection at Cipla’s manufacturing facility in Verna, Goa, India, from April 6 to 17. The inspection was a routine current Good Manufacturing Practices (cGMP) inspection and a Pre-Approval Inspection (PAI). On conclusion of the inspection, the Company received two (2) inspectional observations in Form 483.
Infrastructure players
HG Infra Engineering has incorporated a wholly owned subsidiary, HG Gobindpur Tangi Highway, as a special purpose vehicle (SPV) to undertake a road construction project worth Rs 1,582.11 crore in Odisha, awarded by the National Highways Authority of India (NHAI).
Interarch Building Solutions Ltd has received an order from a customer for the complete Design, Engineering, manufacturing, supply, and erection of a pre-engineered steel building system. The order size is approximately Rs 60 Crores Plus Tax.
Arisinfra Solutions has secured a Purchase order from Ceigall India for the supply of aggregates valued at Rs 5.45 crore through its subsidiary, Buildmex-Infra Pvt Ltd. The Term of the construction period for the ongoing project is 730 days. However, the Purchase Orders shall be executed in accordance with site requirements from time to time, and accordingly, the order value will increase from the amount mentioned above. In a separate notification, the company said it has secured a Purchase Order for the supply of Aggregates for the Chennai Peripheral Ring Road Project valued at ₹18.45 crore. The order completion is approximately 22 months.
Texmaco Rail & Engineering said Modern Coach Factory, Raebareli, has awarded an order of Rs. 3.06 crores to the company for the supply of Bogie Frame Assembly for Non-AC Air Spring type LHB Fiat Bogie.
EMS Ltd, a prominent player in water and wastewater management, has announced its emergence as the lowest bidder (L-1) for two significant infrastructure projects in Varanasi. The projects awarded by UP Jal Nigam (Urban), Varanasi, have an estimated value of approximately ₹208.64 crore (excluding GST). The works are part of a larger initiative to address sewerage challenges in 18 problematic wards of Nagar Nigam, Varanasi, and will be executed on a turnkey basis.
Strategic decisions
Hardwyn India Ltd, a leading manufacturer of architectural hardware and glass fittings, has announced the receipt of multiple high-volume purchase orders for its floor springs across several prestigious government and institutional projects in India. The announcement coincides with the launch of the company’s new ISI-Certified floor springs, specifically engineered for high-traffic commercial environments and frameless glass door installations.
Amagi Media Labs Ltd has announced a strategic tie-up with Matrox Video to integrate Matrox’s ORIGIN software-defined framework into Amagi’s cloud production architecture. The integration is designed to enable highly scalable, efficient content production workflows for broadcasters and media companies worldwide, empowering them to transition to agile, cloud-native environments.
The Board of Zee Entertainment Enterprises has approved an investment of up to Rs 116 crore in Phantom Digital Effects through Compulsorily Convertible Debentures (CCDs) on a preferential allotment basis, in one or more tranches.
PC Jeweller has successfully reduced its outstanding debt to banks under the Joint Settlement Agreement by approximately 10%. With this reduction, the company has now discharged and repaid more than 90% of its outstanding debt to the banks since the execution of the settlement agreement, thereby reaffirming its commitment and swift progress towards achieving a debt-free status very soon.