Alembic Pharmaceuticals, Godrej Properties and Power Grid to see some action today

Alembic Pharmaceuticals has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Brimonidine Tartrate Ophthalmic Solution, 0.15%. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Alphagan P Ophthalmic Solution, 0.15%, of AbbVie Inc. Brimonidine Tartrate Ophthalmic Solution is an alpha adrenergic receptor agonist indicated for the reduction of elevated intraocular pressure (IOP) in patients with open-angle glaucoma or ocular hypertension.

Godrej Properties has increased its stake in equity share capital of Wonder City Buildcon (WCBPL) and Godrej Home Constructions (GHCPL) from 25.10% to 74%. Pursuant to the said acquisition, WCBPL and GHCPL have become subsidiaries of the Company with effect from March 29, 2023.

Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff Based Competitive Bidding, has acquired ‘Bhadla Sikar Transmission’ (BSTL), the Project SPV to establish Transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase-II Part-E, on build, own, operate and maintain (BOOM) basis from the Bid Process Coordinator - PFC Consulting.

Dynacons Systems & Solutions has won one of the prestigious contracts worth Rs 106 crore from (n)Code Solutions of GNFC for Supply, Installation, commissioning and O&M of PKI Solutions, IT Infrastructure Components and Connectivity Services for e-PASSPORT PROJECT. Security concerns, developing technologies and emerging standards have led governments worldwide to pursue the issuance of sophisticated machine-readable travel documents (MRTD) to their citizens.

Dev Information Technology (DEVIT) has bagged a noteworthy order from National Informatics Centre for Ministry Of Electronics And Information Technology for development, maintenance and upgradation of projects such as IVRS/CHATBOT/MATRA/VOICEBOT services application and AIRD (Data Visualisation/Vision/Deep Learning projects). The broad consideration or size of the order is around Rs 62 lakh. The order is expected to be executed in around 6 months.

Punjab National Bank (PNB) has received an approval for raising of capital for an amount up to Rs 12000 crore through Basel III Compliant AT-1/Tier II Bonds (AT-1 Bonds up to Rs 7000 crore and Tier- II Bonds up to Rs 5000 crore), to be raised in one or more tranches. The Board of Directors of the Bank in its meeting held on March 29, 2023 has approved the same.

EKI Energy Services (EKI) has joined hand with WOCE Solutions, a company that helps organizations understand and implement the concept of capturing carbon footprint through innovative product offerings. It's a first-of-its-kind development in the country which seeks to facilitate individuals, businesses and organizations with a one-stop solution for all aspects of carbon inventory, management and neutrality/net-zero solutions.