Genus Power Infrastructures, Lupin and Shalby to see some action today

Genus Power Infrastructures (Genus) has signed definitive agreements with Gem View Investment, an affiliate of GIC, Singapore (GIC) for Setting up of a Platform for undertaking Advanced Metering Infrastructure Service Provider (AMISP) concessions. GIC will hold 74% stake while Genus will hold 26% stake in the Platform. The partners have committed to an initial pipeline with a capital outlay of around $2 billion. Genus would be the exclusive supplier to the Platform for smart meters and associated services.

Lupin has received tentative approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA), Dolutegravir Tablets for Oral Suspension, 5 mg, to market a generic equivalent of Tivicay PD Tablets for Oral Suspension, 5 mg of ViiV Healthcare Company. 

Shalby Academy, the healthcare education division of Shalby, has entered into partnership with Sardar Vallabhbhai Global University in Ahmedabad. On July 04, 2023, both organizations have signed a Memorandum of Understanding (MoU) to jointly develop and offer an exclusive full-time BBA in Healthcare & Hospital Management at the University’s campus at SG Highway Ahmedabad for a batch of 60 students.

BHEL has extended its Gas Turbines technology agreement with General Electric Technology GmbH Switzerland. BHEL in partnership with GE is the market leader for Gas Turbines in India. With BHEL-GE partnership in place since 1986, BHEL has been manufacturing and supplying GE designed Gas Turbines in domestic as well as overseas market. Till date, BHEL has supplied about 230 GE design Gas Turbines to various oil refineries, process industries and utilities in India and to various customers worldwide. Under this extension agreement, BHEL has gained access and enhanced rights for existing, uprated and new Gas Turbine models. As per the agreement, BHEL shall also be able to supply GTs with fuel blends viz. Hydrogen, Methanol, Syngas etc. and in hybrid configuration contributing further towards accelerating the energy transition in India.

SJS Enterprises has successfully acquired 3,15,442 equity shares of Walter Pack Automotive Products India (WPI), constituting 90.1% of the Equity Share Capital of WPI, for a total cash consideration of Rs 239.30 crore. Consequently, WPI has become a subsidiary of the Company.   

Vodafone Idea (Vi) has introduced two unique sachet data packs -- Super Hour & Super Day. These packs enable Vi prepaid users to freely consume data without any disruption, elevating the user experience. Priced affordably, Vi ‘Super Hour’ offers unlimited data for 60 minutes at Rs 24, and Vi ‘Super Day’ offers 6GB for 24 hours at just Rs 49. These sachet packs are designed especially for the youth and young adults with heavy data requirement.

Macrotech Developers has announced the business performance for the period ended Q1 FY2023-24. Pre-Sales: the company achieved its best ever Q1 pre-sales performance of Rs 33.5 bn showing a growth of 17% on a YoY basis, in line with our guidance of 20% full-year sales growth. Collections: Collections were Rs 24.0 bn for 1QFY24. Collections were impacted by seasonal factors (summer vacations and monsoon). Business Development: it added 5 new projects having 7.1 million sq. ft. of saleable area with GDV of Rs 120 bn across different micro-markets. Net debt: its net debt stands at Rs 72.6 bn, increasing marginally primarily on account of front loaded business development investment. This marginal increase is on a significantly enlarged base of sales and business development.