NMDC, 3i Infotech and KDDL to see some action today

NMDC will be spending nearly Rs 900 crore in the next two to three years to ramp up iron ore production from seven million tonnes per annum (MTPA) to 10 million tonnes, from its Kumaraswamy mines in Karnataka. An Expert Appraisal Committee under the Minister of Environment and Forests has given its green signal for Environmental Clearance in a meeting held during November 9-11 allowing NMDC to increase the production and the EC is valid up to 2042.

3i Infotech has received a multi-year contract from Indian state refiner Hindustan Petroleum Corporation (HPCL). The order value is pegged at approximately Rs 51 crore (including taxes) over the tenure of 3 years. HPCL has been a longstanding customer of 3i Infotech, with the company serving them primarily in North India. However, under the new contract, the remit would include 3i Infotech taking its service across the country including all HPCL locations and datacenters. Overall, they will manage and support the IT Infrastructure of HPCL, to include offices, refinery, and retail units in over 70 circles across Pan-India. 3i Infotech will look to strengthen their presence in India and in the Oil and Natural Energy sector.

KDDL’s wholly owned subsidiary -- Kamla International Holdings SA (KIH) has acquired 3,000 equity shares (15%) of Pylania, SA from its existing shareholder, which resulted in increase of KIH equity shareholding from 47.5% to 62.5%. Therefore, Pylania SA has become 100% subsidiary of the Company.

Advait Infratech has received order from Power Grid Corporation of India. The order is for package ERS -1 for the procurement of ERS for upto 400kV transmission lines through indigenous vendor development under the company’s vertical of Emergency Restoration System Department. The order is of worth Rs 18 crore.

Maruti Suzuki India is aiming to increase its sales outlets to 3,700 by the end of FY23 amid a push to ramp up production capacity at its Manesar-based plant by 1 lakh units to cater to enhanced demand. The company has crossed the 3,500 car sales outlets mark on November 18, 2022, more than doubling it from 1,300 dealerships a decade ago. The company currently has presence in around 2,250 cities and towns in India. The company added 237 sales outlets in 2021-22 and further 170 outlets between April-October this fiscal year.

Xelpmoc Design and Tech has sold/disposed entire stake in A D Naik TechXP to their promoter by way of signing and executing Share Transfer Form (SH-4) on November 17, 2022. The company has sold 1518 equity shares of Rs 10 each and 3039 OCPS of Rs 10 each at a consideration of Rs 88,933 and Rs 1,61,067 respectively, aggregating to Rs 2.50 lakh.

United States Food and Drug Administration (USFDA) has concluded inspection at Aurobindo Pharma’s unit - IX, an intermediate facility situated at Gundlamachnoor Village, Telangana. USFDA has inspected the said facility from November 10 to November 18, 2022. At the end of the inspection, the Company has been issued a ‘Form 483’ with 10 observations.