News of Infrastructure in Gujarat

Spark Minda-ANSYS inaugurate centre of excellence in emerging auto tech areas

PUNE | GURUGRAM | NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Bourses, New Delhi headquartered auto spares major Minda Corp Ltd said of having inaugurated centre of excellence in emerging automotive technology areas. The press release submitted by the company to the Indian Stock Exchanges

Sadbhav Infra terminates concession agreement with NHAI for Vizag Port Road project

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses, Ahmedabad headquartered road construction infra major Sadbhav Infrastructure Project Ltd said of having terminated concession agreement with National Highway Authority of India (NHAI) over Vizag Port Road project due to non-availability of required 80% right of way by NHAI within

KSIDC nominates Sanjay M Kaul (IAS) on Geojit Financial’s Board as Exe Dir

KOCHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory statement filed to the Indian Bourses, Geojit Financial Services Ltd said of Sanjay M Kaul, IAS being nominated by Kerala State Industrial Development Corporation (KSIDC) on the company’s board as Executive Director, replacing Dr. Sharmila Mary Joseph, IAS The filing read that, M/s Kerala State

Blue Star bags 2.53-billion-rupee Air Conditioning & Tunnel Ventilation order from Mumbai Metro

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Bourses, refrigeration and air-conditioning major Blue Star Ltd said of having won order valued at 2.53 billion (~253 crore) rupees for air-conditioning and tunnel ventilation from Mumbai Metro for line-3 corridor between Mumbai Central and Bandra. The press release submitted to

C S Mani, Independent Director of GNFC resigns

BHARUCH | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Bourses, Gujarat government’s fertilizers & chemical sector public sector undertaking arm Gujarat Narmada Valley Fertilizers & Chemicals Ltd said of the Independent Director of the company C S Mani resigned from the Board of the Company. The filing submitted

WABAG bags 11.87-billion-rupee order under Namami Gange

CHENNAI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Bourses, Chennai headquartered water solutions major VA TECH WABAG Ltd said of having secured one of the largest orders valued at 11.87 billion (~1,187 crore) rupees vide Namami Gange scheme. In a press-release submitted to the Indian Exchanges, the

Welspun Group Master Trust acquires 39.45% equity of Welspun Enterprises

ANJAAR (KUTCH) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Exchanges in India, Welspun Enterprises Ltd said of its 39.45% stake comprising of 58.41 million (~5,84,15,951) shares has been acquired by Welspun Group Master Trust. Post-transaction, stake held by Welspun Group Master Trust in Welspun Enterprise has raised to 43.84%

Kerala High Court rules in favor of PTL Ind over land compensation dispute with Kochi Metro

KOCHI | GURGAON | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the stock exchanges in India, PTL Industries Ltd (formerly Premier Tyres Ltd) said of having got the judicial verdict in their favor over a land compensation litigation against Kochi Metro Rail Ltd. The filing submitted to the Indian Bourses

Alembic Pharma gets USFDA nod to market neuropathic treatment drug

VADODARA (BARODA) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Stock Exchanges, Vadodara (Baroda) Gujarat based pharma major Alembic Pharmaceuticals Ltd said of having received nod from US FDA (Food & Drugs Administration) to market neuropathic & diabetic treatment drug. In the press release submitted to the Indian

Cipla’s subsidiary co gets USFDA nod to market neuropathy treatment drug

NEW YORK (USA) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Bourses, pharma major Cipla said of its subsidiary company InvaGen having got nod from US FDA (Food & Drugs Administration) to market neuropathy treatment drug. The press release submitted to the Indian Stock Exchanges read that Cipla’s

Gateway Distiparks Promoters de-pledge 35% of pledged shares

MUMBAI | AHMEDABAD – GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Stock Exchanges, Gateway Distriparks Ltd said of its promoters having de-pledged 35% of the pledged shares. Press release submitted to the Indian Bourses on Thursday read that, Gateway Distriparks Limited: Promoter de-pledges 35% of pledged shares. The promoter group of

L&T’s Power arm bags FGD system installation order from Damodar Valley Corp

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Bourses, Larsen & Toubro said of its power business arm having won significant size order (in range of 10 billion rupees to 25 billion rupees) from Damodar Valley Corporation for installation of Flue Gas Desulphurization (FGD) system. In a press release

JSW Steel launches premium tinplate product for packaging, will invest addl 10 bln rupees

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Stock Exchanges, Indian steel major JSW Steel said of having rolled-out JSW Platina, tinplate product having applications in packaging industry.  The company also said of investing close to 10 billion (~1,000 crore) rupees at Tarapur unit in Maharashtra to increase tinplate

NMDC’s Donimalai iron ore mine resumes ops, was shut since Nov 2018

HYDERABAD | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT –  In a regulatory update submitted to the Indian Bourses, national mining major NMDC Ltd said of having resumed iron ore mining operations at Donimalai Iron ore mines, the mine was shut since November 2018, after the Karnataka State Government had imposed 80% premium on the sales of

L&T Hydrocarbon Engg bags Mega project from Saudi Aramco

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Stock Exchanges, Mumbai headquartered infrastructure major Larsen & Toubro Ltd said of its hydrocarbon arm having bagged mega project (above 70 billion rupees) from Saudi Aramco, Saudi Arabia based oil major. In the press release submitted to the Indian Bourses, the

USFDA slams Form 483 to Torrent Pharma’s Dahej facility, official action initiated

DAHEJ | AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses late on Wednesday night, Ahmedabad headquartered pharma major Torrent Pharmaceuticals Ltd said of the company having classified as Official Action Initiated by US food & drugs regulator. The Dahej facility of the company was inspected in March 2019