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Maharashtra Seamless bags order worth Rs 920 crore

Maharashtra Seamless has successfully bagged Rs 920 crore order for supply of seamless casings, tubings, line pipes and ERW pipes from India’s premier national oil company ONGC against stiff competition from domestic/foreign manufacturers. Maharashtra Seamless provides a whole range of high-class, customizable and innovative seamless pipes and tubes using state-of-art ... Read More »

Ejecta Marketing opens new birthday store in Howrah

Ejecta Marketing has launched new retail Birthday store at Forum Rangoli Mall, Belur, Howrah on December 01, 2018 and the new store is now fully operational. This will be company’s fourth successful launch of its chain Birthday store branch due to the huge response of its product. It also plans ... Read More »

SSWL achieves 24% revenue growth in November 2018

Steel Strips Wheels (SSWL) has achieved gross turnover of Rs 204.52 crore in November 2018 as against Rs 172.75 crore in November 2017, there by recording a growth of 18% and achieved Net turnover of Rs 172.52 crore in November 2018 as against Rs 138.85 crore in November 2017, recording ... Read More »

Surya Roshni bags orders worth Rs 49.18 crore

Surya Roshni has obtained orders aggregating to Rs 49.18 crore (inclusive of GST) for design, manufacture, testing, supply and warranty of LED Street Lights and other related works in the State of Andhra Pradesh (A.P) from Energy Efficiency Services (EESL) under SLNP (Street Light National Program) and for supply of ... Read More »

Bharti Airtel’s arm eyeing to set up 10 new data centres: Report

Bharti Airtel’s wholly owned subsidiary — Nxtra Data is reportedly eyeing to set up 10 new data centres with four being planned in Kolkata, Mumbai, Pune and Chennai. The data centre business prospects huge demand from over-the-top (OTT) content players and big cloud service providers. This is part of the ... Read More »

Ceinsys Tech bags order worth Rs 121.04 crore

Ceinsys Tech has bagged project from Thane Smart City worth Rs 121.04 crore towards Supply, Installation, Commissioning, Operation & Maintenance for Smart Water Meter & Related infrastructure Work for Water Supply System of Thane City. Ceinsys Tech (formerly ADCC Infocad) is a CMMI (SVC & DEV) Level 3 and a ... Read More »

PVR starts special programme in 230 screens at 50 cinemas

In a bid to expand the arena of movie viewing to the differently-abled people, PVR has started a special programme in 230 screens at 50 cinemas. Under Accessible Cinema Program, the company has plans to provide assistive equipment to ensure access for people with mobility issues. Moreover, screens would have ... Read More »

Emmbi Industries, BOM sign MoU to implement the new initiative

Emmbi Industries and Bank of Maharashtra (BOM) have signed Memorandum of Understanding (MoU) to implement the new initiative as ‘Mahabank – Emmbi Jalasanchay Scheme’ for water conservation projects in drought laden Maharashtra State. This is first of its kind funding scheme in Indian Agricultural Sector which will help farmers across ... Read More »

India Cements enters into agreement to acquire Springway Mining

India Cements has entered into a share purchase agreement (SPA) for acquiring the entire shareholding of Springway Mining, in a phased manner, with an objective of setting-up of a Cement Plant in the State of Madhya Pradesh. The company has acquired the controlling stake of 51% in the paid-up equity ... Read More »

Alembic Pharma planning to raise fund via NCDs

Alembic Pharmaceuticals is planning to raise funds on Private Placement Basis through issuance of Non-Convertible Debentures (NCDs). The Board of Directors of the Company at its meeting to be held on December 06, 2018 to consider the same. Alembic Pharmaceuticals, a vertically integrated research and development pharmaceutical company, has been ... Read More »

M&M’s arm enters into asset acquisition agreement with CAPL

Mahindra & Mahindra’s (M&M’s) wholly owned subsidiary — Mahindra First Choice Services (MFC Services) has entered into an asset acquisition agreement with the official liquidator of Carnation Auto (India) (CAPL). As a result, MFC Services will acquire key assets of Carnation’s car-servicing business including the trademark ‘Carnation’, its website, software ... Read More »

INOX Leisure gets nod to raise funds worth Rs 160 crore

INOX Leisure has received an approval to raise funds through the issuance of 64,00,000 Equity Shares at a price of Rs 250 each, aggregating to Rs 160 crore to Gujarat Fluorochemicals, the promoter of the Company. The Committee of the Board of Directors for Operations of the Company (Committee) at ... Read More »

Skipper wins Export Excellence award from EEPC India

Skipper has been awarded for Export Excellence by EEPC India, Eastern Region in the category ‘Highest Growth in Export-Large’ at 34th Export Award held in Kolkata, on November 28, 2018. Skipper is engaged in structural fabrication and manufacturing of mild steel and galvanized iron pipes, steel tubular poles, scaffolding and ... Read More »

Torrent Pharmaceuticals redeems NCDs worth Rs 500 crore

Torrent Pharmaceuticals has fully redeemed the Unsecured Redeemable Non-Convertible Debentures (NCDs) of Rs 500 crore. The company has repaid the same on November 29, 2018. Torrent Pharmaceuticals is Flagship Company of the Torrent group, a leader in cardiovascular and central nervous system segments. It also has presence in gastro-intestinal, diabetology, ... Read More »