Natco Pharma announces launch of BENDIT

Natco Pharma has announced the commercial launch of its brand - BENDIT- Bendamustine, a novel agent in the treatment of Chronic Lymphocytic Leukemia (CLL), mostly seen in the elderly people.

Bendamustine is a unique hybrid cytotoxic, which is mechanistically distinct from the existing options. Response rates to Bendamustine are reported to be high and durable and the therapy is seen as a superior and tolerable first line option in the treatment of CLL.


Source :www.biginfotech.in

Blackstone to invest Rs 225 crore in Jagran Media Network

The Blackstone Group has announced that it will be investing Rs 225 crore in Jagran Media Network, which will hold a majority share of Jagran Prakashan (JPL). Jagran Media Network will file for necessary approvals for the investment with the Foreign Investment Promotion Board (FIPB) today.


Source :www.biginfotech.in

Punj Lloyd wins India`s largest solar-based EPC contract for rural India

Punj Lloyd has secured EPC contract from Public Health Engineering Department of the Government of Bihar for turnkey implementation of 850 solar-powered water treatment plants for an aggregate value of Rs 232 crore.



Source :www.biginfotech.in

Pipavav Shipyard to issue & allot debentures

The board of Pipavav Shipyard in its meeting on 07 April 2010 has decided to issue and allot 2,54,00,000, 10% fully compulsorily and mandatorily convertible unsecured debentures of Rs. 70 each, aggregating to Rs 177.80 crore on preferential basis.



Source :www.biginfotech.in

Softpro Systems allots equity shares

The board of Softpro Systems in its meeting on 07 April 2010 has allotted 3,50,000 equity shares of Rs. 10 upon exercise of the right of conversion for 3,50,000 fully convertible warrants held by the warrant holder.

Accordingly the equity share capital of the company post allotment of 3,50,000 shares as mentioned above, stands at 72,75,000 shares of Rs.10 each.


Source :www.biginfotech.in

Southern Ispat to increase authorised capital

The board of Southern Ispat in its meeting on 07 April 2010 has decided to increase the size of proposed FCCB/ADR/GDR/QIP issue from Rs 3 crore to Rs 5 crore.

The board has decided to increase the authorised capital from Rs 18 crore to Rs 78 crore.


Source :www.biginfotech.in

BGR Energy Systems secures contract worth Rs 99.41 crore

Electrical projects division of BGR Energy Systems has secured a turnkey contract from Power Grid Corporation of India, New Delhi for fiber optic cabling package in lieu of the existing ULDC microwave links in Northern region. The contract is valued at Rs. 99.41 crore and it will be completed over 22 months.




Source :www.biginfotech.in

Asian Electronics grants stock options

The committee of Asian Electronics in its meeting on 31 March 2010 has granted 3,51,550 stock options to the eligible employees under ESOS - 2005.

Further, the committee has granted 10 lakh stock options to the eligible directors under ESOS - 2009.



Source :www.biginfotech.in

Religare Enterprises allots equity shares

The committee of Religare Enterprises in its meeting on 06 April 2010 has allotted 12,710 equity shares on exercise of stock options under the Employees Stock Option Scheme 2006 of the company.

The paid up equity share capital of the company post allotment is 12,78,26,462 equity shares of Rs. 10 each aggregating Rs. 127.83 crore.



Source :www.biginfotech.in

KIC Metaliks to issue equity shares

The board of KIC Metaliks in its meeting on 06 April 2010 has approved the issue of 15 lakh equity shares of Rs. 10 each.



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Punj Lloyd bags two refinery construction projects

Punj Lloyd has received two orders for an aggregate value of Rs. 235 crore. The company has secured the first order from Engineers India to construct a Petro Fluid Catalytic Cracking (PFCC) unit for phase III Refinery Project of Mangalore Refinery & Petrochemicals, Karnataka, a subsidiary of ONGC.

The company has secured the second order from Mangalore Refinery & Petrochemicals for mechanical works for offsite for phase III Refinery Project at Mangalore, Karnataka.


Source :www.biginfotech.in

Vision Corporation to raise funds

The board of Vision Corporation in its meeting on 06 April 2010 has decided to raise funds upto Rs. 100 crore by way of further issue of capital either in domestic or international market by way of public or private offering by issue of equity shares / instruments convertible into equity or issue of ADR, GDR, FCCB, subject to necessary approval.



Source :www.biginfotech.in

Firstsource Solutions allots equity shares

Firstsource Solutions has approved the allotment of 1,50,000 equity shares of Rs. 10 each to the employees of the company under ESOS 2003 of the company on 05 April 2010.

Consequent to the said allotment, the paid up capital of the company has increased to Rs. 429.36 crore consisting of 429,359,682 equity shares of Rs. 10 each.


Source :www.biginfotech.in

Pioneer Embroideries to allot equity shares

The board meeting of Pioneer Embroideries will be held on 14 April 2010 to consider and approve the allotment of 3,26,305 equity shares of Rs. 10 each to the bond holders upon conversion of FCCBs.



Source :www.biginfotech.in

Simplex Infrastructures bags Rs. 2166 crore orders in Q4

During Q4 FY10, Simplex Infrastructures has secured Rs 2,166 crore new orders nearly double of Rs 1,116 crore for the same quater last year. This includes Rs. 1501 crore from domestic markets (69%) and Rs. 665 crore from overseas markets (31%). The order intake comprises of industrial construction - Rs 908 crore, power - Rs 512 crore, building & housing - Rs 499 crore, urban infra - Rs 178 crore and piling - Rs 69 crore.

The order intake during the whole of FY10 stands at Rs 5,984 crore against Rs 5,629 crore last year registering a growth of 6%.


Source :www.biginfotech.in

TeleCanor Global to issue warrants

The board meeting of TeleCanor Global will be held on 12 April 2010 to consider the issue of 15 lakh equity share warrants convertible into fully paid equity shares on preferential allotment basis.




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Hexaware joins with Oracle Tuxedo to offer legacy modernization

Hexaware Technologies has announced that it is working with Oracle to enhance its legacy modernization services using the Oracle Tuxedo Application Runtime for CICS and batch 11 g and Oracle Tuxedo Application Rehosting Workbench 11 g.

Oracle Tuxedo 11 g, an application server for mission critical C/C++ and COBOL applications is designed for running large-scale, reliable distributed enterprise applications that enable businesses to reduce development and deployment costs.

Oracle Tuxedo Application Runtime for CICS and Batch provides the mainframe runtimes and together with the migration tools provided by the workbench, accelerates and simplifies mainframe migration, while preserving existing application assets


Source :www.biginfotech.in

Suzlon Energy receives 18 MW repeat order from Gujarat State Fertilizers & Chemicals

Suzlon Energy has won a repeat order from Gujarat State Fertilizers & Chemicals (GSFC) to set up, operate and maintain an 18 MW wind energy project at Adodar site in the Porbandar district of the state of Gujarat, India. The project will comprise of 12 units of Suzlon`s S82 - 1.5 MW wind turbines.


GSFC is one of Gujarat`s leading State Public Sector Undertakings (PSU) in the field of fertilizers and chemicals, with a diversified portfolio of 24 brands. The project, GSFC`s third with Suzlon, is scheduled for completion and commissioning by June, 2010. The project increases GSFC`s total wind power capacity to 40 MW - adding 18 MW to the already existing 22 MW project in the Kutch district.

The project will generate power for GSFC`s captive consumption. GSFC will enter into an Energy Wheeling Agreement (EWA) with Gujarat Energy Transmission Corporation and the power generated will be wheeled for utilization at their facilities in Fertilizernagar, near Vadodara. GSFC also plans to register this new project under the Clean Development Mechanism (CDM).


Source :www.biginfotech.in

HCL Technologies allots equity shares

The employees stock option allotment committee of HCL Technologies on 05 April 2010 has allotted 3,77,044 equity shares of Rs 2 each, under the 1999, 2000 and 2004 stock option plans of the company.

Consequent to the said allotment, the paid-up share capital of the company has gone upto 676,485,272 equity shares of Rs 2 each aggregating to Rs 135.30 crore.


Source :www.biginfotech.in

BHEL re-enters wind turbine manufacture

BHEL has been manufacturing 250 Kwh Wind turbine generators at its Ranipet Unit in Tamil Nadu. As the sector moved into higher Kwh installations, the demand for 250 Kwh wind turbines came down, and hence BHEL, Ranipet unit stopped manufacture of 250 Kwh Wind turbine generators.

Considering the future potential of wind energy in India, BHEL plans to re-enter manufacture of wind turbines. Learning from past, the company plans to produce 1.5 MW to 2.0 MW class of wind turbine generators, which are in demand now. For this purpose, it will collaborate with a global major in Wind Turbines, which is likely to be finalized in a couple of months.

The Ranipet unit will use surplus fabrication capacity to manufacture nozzles and towers for wind turbine generators too. To start with, the company will import wind turbine blades. Meanwhile, it plans to invest Rs 30 to 40 crore to set up an exclusive wind turbine blade manufacturing unit at Ranipet, which will take a couple of years.

The company targets a turnover of Rs 500 crore per annum from Wind turbine generator business in a couple of years. It will not venture into setting up of wind farms, but will remain focused on manufacture, supply and erection of wind turbine generators.

The Ranipet unit will become fully integrated wind mill manufacturer in two years time. Oflate, many PSU companies have drawn up plans to set up wind farms. BHEL`s re-entry into wind turbine manufacture is to capture sizeable portion of this business.


Source :www.biginfotech.in

Valecha Engineering bags new projects

Valecha Engineering has bagged two new projects worth Rs. 255 crore. One of the projects is a BOT highway project worth Rs. 200 crore at Madhya Pradesh. The other order is for piling works worth Rs. 55.00 core at Orissa for Indian Oil Corporation refinery.


Source :www.biginfotech.in

McNally Bharat Engineering secures order

McNally Bharat Engineering Company has received an order for design, engineering, manufacturing, supply, erection, testing and commissioning of balance of plant package on EPC basis including civil works for 2X250 MW Satpura TPS extension units 10 and 11 for a value of Rs. 827 crore inclusive of all taxes and duties except entry tax, if any. The schedule completion of facilities is 24 months for unit 10 and 28 months for unit 11 and further 3 months for PG test.


Source :www.biginfotech.in

KEC International announces new tower testing station at Butibori, Nagpur

KEC International has announced the setting up of a state-of-the-art new tower testing station at Butibori, Nagpur. The test station is the largest of its kind in the world.

The new station is a significant step by the company towards retaining its position as global leader in power transmission. Costing over Rs. 40 crore, the test station is also the most advanced using latest computer technology, SCADA system and PROFIBUS controls.


Source :www.biginfotech.in

Maruti Suzuki India revises its price

Maruti Suzuki India has announced that due to sharp increase in the input costs and also introduction of BSIV norms in some models, the company has decided to pass on part of this cost impact to customers.

Accordingly, the company has revised prices of its models. The approximate price revision on various models (Ex-showroom, Delhi) ranges from Rs 1,000 on A-star and Ritz, Rs. 2,500 on Estilo, Rs 3,000 on Omni, Rs 3,750 on Swift, Rs 7,000 on DZire and Rs 9,000 on SX4.

The company has also announced the withdrawal of introductory prices for the Eeco. The new prices for the Eeco will be up by approximately Rs 10,000. Prices have also been revised on the BS-III compliant cars like Maruti 800 and Omni (LPG) by Rs 3,000 and Gypsy by Rs 10,000. The new prices are applicable with immediate effect.



Source :www.biginfotech.in

Larsen & Toubro secures contract worth Rs 1060 crore

Larsen & Toubro (L&T) has won a critical offshore platform contract from Gujarat State Petroleum Corporation (GSPC) valued at Rs. 1060 crore (US$ 235 million). GSPC awarded this project to L&T over the claims of other bidders in order to accelerate production of first oil/gas by 2012 from its technically challenging KG Basin, off the East Coast of India.


With one of the severest pressures and highest temperatures in the world, the KG basin project is a major acknowledgement of L&Ts capability to meet such challenging needs on a turnkey basis. Besides the use of exotic materials to cater to demanding requirements, L&T will be responsible for several novel aspects in the survey, engineering, procurement, fabrication and installation of the wellhead platform. Upon final commissioning, the facilities will add about 6 million standard cubic metres of hydrocarbon gas per day to Indias energy production.

L&T has been serving the upstream hydrocarbon sector since early 90s and successfully executed several demanding and prestigious offshore projects for ONGC and international clients. This order is a first on the difficult East Coast and from a discerning new client like GSPC. L&Ts upcoming manufacturing facilities at Kattupalli near Ennore and L&T Valdel engineering office in Chennai will be leveraged to support the execution, in addition to other L&T work centres. This contract affirms L&Ts capabilities as a reliable single source to execute critical projects for oil companies and hydrocarbon development programmes worldwide.


Source :www.biginfotech.in

GE Shipping modifies Hyundai Heavy orders

Great Eastern Shipping Company (GE Shipping) has announced that the company has been in discussions with Hyundai Heavy Industries (HHI), South Korea and both parties have mutually decided to modify the contracts signed in July 2008 and build 3 Very Large Crude Carriers (VLCCs) of 318,000 dwt each instead of the 2 Suezmaxes. These vessels are expected to be delivered between January and April 2012.


Source :www.biginfotech.in

ACC produces 1.94 million tonnes of cement during March 2010

ACC produced 1.94 million tonnes of cement and dispatched 1.94 million tonnes of cement during March 2010 as compared to 1.99 million tonnes produced and 2.01 million tonnes dispatched during March 2009.



Source :www.biginfotech.in