News of Infrastructure in Gujarat

GAIL to revive LPG plant @ Usar in Maharashtra, will invest 88 billion rupees

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Exchanges on Thursday, GAIL (India) Limited said of having approved revival of existing Liquified Petroleum Gas (LPG) plant at Usar in Raigadh District of Maharashtra and the company will invest 88 billion (~8,800 crore) rupees for proposed revival,

USFDA inspection at Alkem’s St. Louis (US) facility concluded with observations, regulators indicate official action

ST. LOUIS (US) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Exchanges, Mumbai headquartered Indian Pharam company Alkem Laboratories Ltd said of the USFDA (US Food & Drugs Administration) concluded inspection at St. Louis (US) facility of the company and that the company will close out all observations

Adani Green appoints joint bookrunners for investor meets in Asia, EU, US to offer 5yr secured bonds

AHMEDABAD | GANDHINAGAR | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Ahmedabad headquartered Indian diversified conglomerate’s group company Adani Green Energy Ltd said of having appointed joint bookrunners for arranging fixed income investors meetings in Asia, Europe and United states, directed for offering of secured 5 year bonds.

Mangalore Chemicals & Fertilizers Mangalore plant shuts down due to water shortage

MANGALORE | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Stock Exchanges in India, chemicals & fertilizers major Mangalore Chemicals and Fertilizers Ltd said of having shut operations due to water supply shortage. The filing read, This is to inform you that, due to depletion of reservoir level at Thumbe vented

Maruti Suzuki inaugurates Centre of Excellence at ITI Becharaji

MEHSANA | NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Stock Exchanges, Indian Auto Major Maruti Suzuki India Ltd said of having inaugurated centre of excellence at Industrial Training Institute located in Becharaji. The filing submitted to the exchanges read, Stepping up its Skill Development efforts

USFDA inspects Lupin Pharma’s Mumbai facility, slam 4 observations

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – USFDA (US Food & Drugs Administration) inspected the Mumbai facility of Lupin Pharma and has issued Establishment Inspection Report to the site & facility inspected.  The Regulators have also slammed 4 observations post inspecting the Lupin’s Mumbai facility In a regulatory filing submitted to the Indian Exchanges,  Pharma major

Zydus Cadila gets USFDA nod to market high blood-pressure treatment drug

AHMEDABAD | MUMBAI | RAJKOT – In a press release submitted to the Stock Exchanges in India on Monday, Ahmedabad headquartered Zydus Cadila Group (Cadila Healthcare) said of having received the final approval from the USFDA (United States Food & Drugs Administration) to market Chlorthalidone Tablets USP (US RLD – THALITONE@),25 mg and 50 mg.

L&T bags large order from Saudi Arabia, for construction of Gold Processing facility

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a major international competitive bidding process, the Metallurgical & Material handling Business of L&T Construction has been awarded a Large order from MA’ADEN Gold and Base Metal Company (MGBM), wholly owned subsidiary of Saudi Arabia Mining Company (MA’ADEN) for setting up Mansourah Massarrah Gold project. Ma’aden is the

Maruti Suzuki Apr 2019 YoY sales takes hit, down 17%

Since its launch in 2005, cumulatively Swift has sold over 1.89 million units in India

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Bourses on Wednesday, auto major Maruti Suzuki India Ltd said of its net sales for the month of April 2019 having fallen 17.2% at 1,43,245 units from 1,72,986 in April 2018. April 2019 sales of1,43,245 units includes 1,33,704

Hindalco Industries sells its Telangana (Kollur) unit

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Bourses on Friday, Aditya Birla Group Company – Hindalco Industries Ltd said of the Company having sold its business undertaking at Kollur, Telangana on slump sale basis to Mundhra Alufoil Private Limited through a Business Transfer Agreement dated 26th April, 2019.

Jindal Steel & Power’s Pellet Plant clocks record annual production & dispatch

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release communication submitted to the Indian Bourses on Friday, steel & power major – Jindal Steel and Power Limited (JSPL), today announced achieving highest ever annual production and dispatch at its 9 MTPA Pelletization complex at Barbil, Odisha. During FY 2018-19, JSPL produced

USFDA slams “certain observations” after inspecting Torrent Pharma’s Indrad facility

AHMEDABAD-GANDHINAGAR | MUMBAI | RAJKOT – In a regulatory update filing submitted to the Indian Bourses, Ahmedabad located pharma company  Torrent Pharmaceuticals Ltd said, inspection at Indrad Plant of the Company was carried out by US FDA in the month of April, 2019. The company has received certain observations which are procedural in nature and

GSFC commissions 10MW Solar project @ Gujarat Solar Park

VADODARA (BARODA) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update statement submitted to the Indian Exchanges, Vadodara (Baroda) Gujarat headquartered fertilizer major Gujarat State Fertilizers & Chemicals (GSFC) Ltd said, of having commissioned 10MW Solar Power Project at Gujarat Solar Park (Charanka) on 25.04.2019 – Thursday. This green energy initiative is in

UN Contract of Trigyn’s subsidiary co revised, to expire on Dec 2019

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Exchanges, Mumbai headquartered Trigyn Technologies Ltd said that the contract of the company’s wholly owned subsidiary Trigyn Technologies Inc., with the United Nations for the provision of IT Staffing Support service for Office of Information and Communications Technology (OICT) is now

Australia’s Speedcast brings Seamless Connectivity to Indian Waters with Nelco Partnership

SYDNEY (AUSTRALIA) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Exchanges on Thursday, Mumbai headquartered Tata Group Company NELCO Ltd said Speedcast International Ltd, the world’s most trusted provider of remote communication and IT solutions, has signed a partnership agreement with India’s fastest growing VSAT service provider Nelco

Zions Bancorporation Unifies Lending Operations with TCS BaNCS

NEW YORK | MUMBAI | AHMEDABAD | GANDHINAGAR | RAJKOT – In a press-release communication addressed to the Indian Stock Exchanges on Monday, India’s leading Information Technology company Tata Consultancy Services (TCS) Ltd said of Zions Bancorporation Unifies Lending Operations with TCS BaNCS, Deploying Tata Consultancy Services’ Centralized Banking Platform has Simplified the Bank’s IT Landscape,