Aurobindo Pharma, Tata Communications and ARSS Infrastructure Projects to see some action today

Aurobindo Pharma has entered into an Exclusive License Agreement with COVAXX, a US-based company, to develop, commercialize and manufacture UB-612, the first Multitope Peptide-based Vaccine to fight COVID-19, for India and the United Nations Children's Fund (UNICEF) agency. COVAXX is currently conducting a Phase 1 clinical trial for the vaccine candidate. Under the signed agreement, Aurobindo has obtained the exclusive rights to develop, manufacture and sell COVAXX’s UB-612 vaccine in India and to UNICEF, as well as non-exclusive rights in other select emerging and developing markets.

Tata Communications has acquired majority equity stake of 58.1% in Oasis Smart SIM Europe SAS (Oasis), a France-headquartered embedded-SIM (eSIM) technology provider. Oasis develops and provides advanced technologies and personalized services to enable the deployment of eSIM and SIM technologies. With this investment, eSIM technology will be fully integrated into Tata Communications MOVE, enabling an end-to-end embedded connectivity solution and strengthening Tata Communications MOVE as a single source platform for global enterprise mobility needs.

ARSS Infrastructure Projects has received a work order of Rs 301.20 crore only for execution of work of 4 Laning of Itanagar to Banderdewa section of NH-415 from 51+700 to km 59-199 (Packape-C) on FPC mode in the state of Arunachal Pradesh. The order has been awarded in favour of the company by Office of Chief Engineer (Zone-V(I)) Director General (RD & Special Secretary, Government of India, Ministry of Roads Transport & Highways, New Delhi.

ACC has received an approval for the renewal of the existing Technology and Know-How Agreement (TKH Agreement) with Holcim Technology (HTL) under which the company pays TKH fees at 1% of net sales each year, to HTL, for a period of 2 years with effect from January 01, 2021, i.e., on the same terms of the existing TKH Agreement. The Board of Directors of the company at its meeting held on December 23, 2020, has approved the same.

Kirloskar Ferrous Industries has completed the acquisition of movable and immovable assets relating to the pig iron plant of VSL Steels (the Seller) situated at Paramenahally Village, Hiriyur, Chitradurga District, Karnataka. The company is in process to renovate those assets and to obtain necessary approvals / permissions / licenses from statutory / government authorities for commencement of operations.

Kings Infra Ventures has raised Rs 26 lakh through Unlisted Secured Redeemable Non- Convertible Debentures (NCDs) and allotted Seventh tranche of 2600 NCDs having face value of Rs 1000 each on Private Placement. The Debenture Committee of the company at its meeting held on December 22, 2020, has allotted the same. 

Maruti Suzuki India has completed a housing township of affordable modern eco-friendly houses for its employees in Dharuhera and handed over the first batch of houses to its employees. The remaining apartments out of a total of 360 are expected to be ready for possession in a staggered manner. One of the key reasons of Maruti Suzuki’s sustained success and leadership despite presence of many global players is that the relationship between the company and its employees is of partnership and mutual trust.