Arihant Superstructures, Panacea Biotec and Seamec to see some action today

26 Dec 2024 Evaluate

Arihant Superstructures (ASL) has acquired additional 11 acres of Land adjoining to ‘World Villas’ located Off Old-Mumbai-Pune Highway, Opposite to ND Film Studios at Chowk-Karjat Road. The Property would be used for expanding the existing Layout of the Residential part of the project by adding more Villas. This acquisition would expand the Development to 88 acres at a location which falls under the Navi Mumbai Airport region of ‘Mumbai 3.0’ and is a 30 minute drive from the upcoming Navi Mumbai International Airport & MTHL Sea Link which connects to South Mumbai.

Panacea Biotec has received a Letter of Award from United Nations International Children's Emergency Fund (UNICEF) for supply of 115 million doses of its bivalent oral polio vaccine (bOPV) worth $14.95 million (Rs 127 crore) in Calendar Year 2025.

Seamec has entered into a Bimco Charter Party dated December 24, 2024 with Asian Energy Services, Mumbai for Charter Hire of its Vessel ‘SEAMEC III’ for working in East Coast of India carrying out jobs related to SAT Diving for installation of FPSO and field startup. The firm period for operation in the field for 15 days with option for extension. For facilitating the charter, the Vessel will be off-field for mobilisation and demobilisation activities, which would be around 15 days maximum. During the said period, Vessel will be under Standby rate. The commencement is within the window period of January 15, 2025 to January 25, 2025. The total value of the contract estimated as $2.47 million, exclusive of GST.

Ceigall India’s subsidiary -- Ceigall Ludhiana Bathinda Greenfield Highway has executed the Concession Agreement with the National Highways Authority of India (NHAI) on December 24, 2024 for Development of 6-lane access controlled Ludhiana-Bathinda Greenfield highway section of NH-754AD from junction with Moga-Barnala Road (NH-703) near village Tallewal to junction with Delhi-Katra Expressway (NE-5) near Ludhiana (Village Ballowal) (From km 30+300 to km 75+543) as a part of Ludhiana-Ajmer Economic Corridor in the state of Punjab on Hybrid Annuity Mode under Bharatmala Pariyojna Phase-I (Package-2). Bid project cost is Rs 981 crore. Completion period & operation period is 24 months.

Aditya Birla Capital (ABCL) has made an investment of Rs 22.94 crore on rights basis, in the equity shares of Aditya Birla Health Insurance Company (ABHI). Pursuant to the said investments, there is no change in the percentage shareholding of ABCL and ABHI continues to be an associate of the company. ABCL is making the investment in ABHI to meet its solvency margin.

CG Power and Industrial Solutions’ wholly-owned Indian Subsidiary -- Axiro Semiconductor has incorporated a wholly-owned Subsidiary in the State of Delaware, USA, namely ‘Axiro Semiconductor Inc’ on December 23, 2024. Accordingly, Axiro Semiconductor Inc. is a stepdown wholly-owned Subsidiary of the Company.

DEV Information Technology has unveiled its enhanced suite of cybersecurity services, designed to help businesses across the world combat the growing and evolving landscape of cyber threats. With over a decade of expertise in securing digital environments, the company now offers a more comprehensive and adaptive set of services to meet the dynamic security needs of organizations globally. With the global cybersecurity market projected to reach $271.90 billion by 2029, businesses face mounting challenges in securing their digital assets, driven by rising cyber threats, digital transformation, and stricter regulatory requirements.

Arihant Superstructures, Panacea Biotec and Seamec to see some action today

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