05-Feb-2025
?? Order Wins
DILIP BUILDCON: Wins Rs 46.09 crore arbitration against NHAI.
SEAMEC: Secures $57.4M vessel charter in Saudi Arabia and UAE.
TANTIA CONSTRUCTION: Bags Rs 37 crore order for a Road Over Bridge in Jhansi Division.
RMC SWITCHGEARS: Bags Rs 108 crore order for a solar project from MAHAGENCO.
GE POWER: Wins Rs 13.75 crore order from NTPC for generator parts supply.
VRUNDAVAN PLANTATION: Wins Rs 1.8 crore order.
WELSPUN ENT: Welspun Michigan Engineers receives ?290 crore work order from BMC for Mogra Storm Water Pumping Station.
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?? Acquisitions
POLYMEDICURE: Incorporates PolyHealth Ltd. in the UK for medical device manufacturing and distribution.
THANGAMAYIL JEWELLERY: Announces a rights issue with an acquisition of Thermoforming and Extrusion machine for capacity addition.
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?? Leadership Changes
GNFC: Government of Gujarat appoints Dr. T. Natarajan, IAS as Managing Director of GNFC.
MKVentures Cap.: Resignation of CFO due to health issues.
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?? New Projects
MPHASIS: Launches DS Brar Center for Girls and Women in STEM in partnership with Plaksha University.
ESCORTS KUBOTA: Kubota plans to invest ￥500 billion for R&D in India and North America by 2026.
JSW ENERGY: To invest ?16,000 crore in two 800 MW power plants at Salboni.
RIR POWER: Receives approval for ?618 crore SiC semiconductor plant in Odisha under the state's Semiconductor Policy 2023.
CYIENT: Partners with Micware Navigations to develop intelligent, safe, and sustainable transportation solutions.
ULTRATECH CEMENT: Adding 0.6 mtpa grinding capacity at Sonar Bangla unit in West Bengal to meet East India demand.
ARTEMIS MEDICARE: Relocates Woman and Child Healthcare Services unit to flagship hospital in Sector 51 by Feb 28, 2025.
DATAMATICS GLOBAL: Signs contract for Automatic Fare Collection system for Pune Metro Line 3.
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?? Miscellaneous
POLYHEALTH LTD: Supports Poly Medicure Ltd. in manufacturing and distributing medical devices in Europe.
ASHIMA: Closes cotton textile operations, surrenders 40% of land to AMC.
Patanjali Foods: Partners with IBSFINtech for Treasury Management Solutions.
ARTEMIS HOSPITALS: Expanding through asset-light centers, international patient growth, and technology-driven services.
RAJSHREE POLYPACK: Approves acquisition of Thermoforming and Extrusion machine for capacity addition.
EXICOM TELE-SYSTEMS: Closes Exicom Nexgen Power B.V. subsidiary in the Netherlands.
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?? USFDA Approvals
CAPLIN POINT LABORATORIES: Receives USFDA approval for Procainamide Hydrochloride Injection generic.
CAPLIN POINT: Caplin Steriles receives final USFDA approval for Procainamide Hydrochloride Injection, a $20M market drug.
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?? Collaboration
CYIENT: Partners with Micware Navigations to develop intelligent, safe, and sustainable transportation solutions.
APOLLO MICRO: Forms consortium with Redon Systems to manufacture Loitering Munition systems for Indian Armed Forces.
MPHASIS: Launches DS Brar Center for Girls and Women in STEM in partnership with Plaksha University.
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?? Fundraising
YES BANK: Invests ?148.71 crore in YES Securities via rights issue.
THANGAMAYIL JEWELLERY: Announces a Rs 510 crore rights issue at Rs 1,400 per share, opening February 21.
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?? January Sales
TATA MOTORS: U.S. JLR sales up 70% YoY in January.
TATA MOTORS: UK JLR sales down 2% to 5,872 units in January.
FORCE MOTORS: January sales up 20% to 3,597 units YoY.
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?? New Initiatives
THOMAS COOK: Sterling Holiday Resorts posts best-ever quarter results in Q3 FY25, driven by double-digit growth.
KAMAT HOTELS: Confident in achieving Rs 100 crore EBITDA target despite previous skepticism.
GODREJ PROPERTIES: Achieved 71% of annual guidance for booking value for FY25, confident of exceeding it.
GODREJ PROPERTIES: Exceeded Rs 20,000 crore target by adding 12 new projects worth Rs 23,450 crore.
GODREJ PROPERTIES: Plans a major launch in Sector 44, Noida, expected to be a blockbuster.
GODREJ PROPERTIES: Confident in meeting full-year guidance with a strong Q4 and launch portfolio.
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?? Other
VISHNU CHEMICALS LTD.: Changes subsidiary name from Jayansree Pharma to Vishnu Strontium effective Feb 4, 2025.
DILIP BUILDCON: Wins Rs 46.09 crore arbitration against NHAI over delays in the NH-212 project.
FISCHER MEDICAL VENTURES: Supplies 10 MRI machines to Atrium Diagnostics.
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?? Additional Categorization Topics:
- Research and Development Investments:
- ESCORTS KUBOTA: Plans to invest ￥500 billion for R&D in India and North America by 2026.
- Capacity Expansion:
- ULTRATECH CEMENT: Adding 0.6 mtpa grinding capacity at Sonar Bangla unit in West Bengal.
- Product Launch:
- Ola Electric: Launches the Roadster X series with 5 variants starting at ?74,999.
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