Surat-based , a Mumbai-based formulations company. A provider of custom synthesis and specialty chemicals Anupam Rasayan said in a statement it was picking up 43.3-48.2 per cent equity stake, followed by an open offer to the public shareholders of Bliss GVS Pharma Limited, at a reported cost of ₹1,360-plus crore. The company plans to acquire shares at Rs 299 per share. The acquisition will be funded through a Rs 300 crore term loan, with the remaining amount financed via a non-controlling, non-voting equity instrument.
NIBE Group today marked a defining milestone in India’s indigenous defence manufacturing journey with the inauguration of its Defence Manufacturing Complex in Shirdi, Maharashtra. The integrated Defence Manufacturing Complex has been envisioned as a next-generation ecosystem dedicated to: 155mm Ammunition Shell Manufacturing Plant (5 lakh shells annually); Inauguration of Indigenous TNT Plant Technology; Inauguration Indigenous RDX Plant Technology; Inauguration Bio-CNG & Hydrogen Fuel Plant; Flag-off ceremony of Suryastra – 300 KM Universal Rocket Launching System and Space & Satellite Technologies.
The United States Food and Drug Administration (US FDA) inspected Unit-I, a Formulation manufacturing facility, of Eugia Pharma Specialities Ltd., a wholly owned subsidiary of Aurobindo Pharma Ltd, Kolthur Village, Shameerpet Mandal, Ranga Reddy, Telangana, from February 16 to February 27. The inspection had concluded with 4 observations. FDA has now determined that the inspection classification of this facility is “official action indicated”.
The offer for sale of Central Bank of India shares is open today for retail investors. Institutional investors on Friday put in over Rs 2,380 crore worth bids in the Offer For Sale (OFS), which got over-subscribed more than two times. The government plans to sell 8 per cent stake at a floor price of Rs 31 per share. At the indicated price of Rs 31.01 a share, non-retail investors put in over Rs 2,380 crore worth bids for Central Bank OFS.
Oil India is glad to share that we have now got a modest but significant discovery in our nominated Dandewala Field in Rajasthan. The well recorded inflow of avg. 25000 SCMD of Natural Gas from a depth of ~ 950 meters plus, indicating encouraging deliverability and potential.
NBCC (India) Ltd has announced the acquisition of two distinct domestic work orders aggregating to an approximate value of Rs. 42.55 crore (excluding Goods and Services Tax). The first component of the regulatory disclosure outlines an institutional project awarded by the Navodaya Vidyalaya Samiti. Valued at an estimated Rs. 6.92 crore (excluding GST). The second and larger share of the aggregated amount resides in a commercial development contract awarded by Indian Bank. With an approximate execution value of Rs. 35.63 crore (excluding GST), NBCC will head the construction of dedicated office premises for Indian Bank located at Amaravati, Andhra Pradesh.
Rail Vikas Nigam Limited informed exchanges that it has received a Letter of Acceptance (LOA) from NMDC Limited for development of railway infrastructure near Padapur Village for capacity expansion at Bacheli. The total contract value stands at Rs 758.07 crore, including GST at 18 per cent.
Lupin Ltd has announced that China’s National Medical Products Administration has approved its Abbreviated New Drug Application for Oseltamivir Phosphate, in partnership with Yabao Pharmaceuticals, a leader in China’s paediatric medicine market. This marks Lupin’s first product entry into China – a significant milestone in its global expansion.
Goodluck India Ltd has received an export order from an EPC player in Nepal for the supply of galvanised steel tower structures and fasteners for a 400 kV Double Circuit (D/C) Transmission Line project. The total order quantity is approximately 14,500 MT, with an aggregate contract value of $13.6 million, which is our largest ever order in this division of the business. The scope of the order includes manufacturing, prototype assembly, fabrication, galvanising, bundling, and shipment of galvanised lattice steel towers along with fasteners.
PNC Infratech Ltd has announced about the realisation of Rs 228.90 crore by Company being the net amount after deduction of tax at source (TDS) in terms of the Settlement Agreement executed on May12 = between NHAI and Company for an amount of Rs 234.20 crore towards the one time settlement’ under the ‘Vivad Se Vishwas III (Contractual Disputes)’ Scheme of Government of India. In a separate disclosure, the company said it has received Letters of Acceptance from National Highways Authority of India for 2 HAM based National Highway Projects for an aggregate ‘Bid Project Cost’ (BPC) of Rs. 3,483.00 crore exclusive of GST.
NIS Management Ltd has been awarded 5 work orders by Reliance Projects & Property Management Services Limited for House Keeping Services, Pantry Boy Services and other anciliary Services. The total revenue shall be generated from this Work order is Rs 30.77 crore inclusive of all taxes.
Fabtech Technologies Cleanrooms Ltd has received a Purchase Order (PO) from one of the leading manufacturers in the Solar PV Module industry for the supply and installation of Modular Cleanroom Partition Systems, Doors and allied accessories, aggregating to a total contract value of ₹65,10 crore, exclusive of applicable taxes and levies.
MAS Financial Services (MAS Financial) has raised ₹360 Crore by issuing Senior Secured, Listed Non-Convertible Debentures (NCDs) to FMO, the Dutch Entrepreneurial Development Bank.
Sterlite Technologies Ltd has announced the receipt of a multiyear Product Award Letter (PAL) valued at more than $1.11 billion. Under this agreement, through one of its subsidiaries, STL will supply optical connectivity products to a hyperscaler for AI Data Centre build-outs. With its in-house R&D expertise, STL has brought novelty to fiber optic designs and built AI-ready networks. STL’s innovation is driven by co-creation with customers and next-gen optical solutions.
Icon Facilitators Ltd has received an order worth Rs 2.69 crore from the M-Worth Facility Services Pvt Ltd for Mechanical and Engineering Manpower services at Trump Tower, Gurgaon.