Rail Vikas Nigam has been emerged as the Lowest Bidder (L1) from South Western Railway for Survey, design, supply, installation, testing and commissioning for KAVACH equipment and other associated works over 790 RKM of Hubballi & Mysuru Divisions of South Western Railway.
Chalet Hotels has received approval for the acquisition of Mahananda Spa and Resorts, a Wholly Owned Subsidiary of Mankind Pharma, and owning company of The Westin Resort & Spa, Himalayas a 141 room hotel at Rishikesh. The company is in the process of entering into definitive agreements with the parties. The acquisition is in line with the company’s expansion strategy to diversify the portfolio to include leisure properties spanning different geographies. The Board of Directors of the Company at its meeting held on February 10, 2025 has, inter-alia, considered and approved the same.
Aditya Birla Capital (ABCL) has made an investment of Rs 100 crore on rights basis, in the equity shares of Aditya Birla Capital Digital (ABCDL). Pursuant to the aforesaid investments, there is no change in the percentage shareholding of ABCL and ABCDL continues to be wholly owned subsidiary of the company.
Shriram Properties (SPL) has signed a Joint Development Agreement (JDA) to develop a prime land at Koyambedu - a prominent micro market in Chennai's urban renaissance, offering strategic advantages and economic vibrancy. This project acquisition is integral part of SPL’s pursuit of accelerated growth, whilst remaining asset light. The project will further fortify its strong project pipeline and support growth momentum going forward.
Lupin has received approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Ipratropium Bromide Nasal Solution (Nasal Spray), 0.03% (21 mcg/spray), to market a generic equivalent of Atrovent Nasal Spray, 0.03%, of Boehringer Ingelheim Pharmaceuticals, Inc. The product will be manufactured at Lupin’s Pithampur facility in India.
Jash Engineering has received consolidated orders worth Rs 70 crore in month of January 2025. Out of which orders worth Rs 32 crore are for Indian market and orders worth Rs 38 crore are for markets outside India. As on February 01, 2025 the total consolidated order book position of the company is Rs 933 crore out of which orders worth Rs 326 crore are for Indian market and orders worth Rs 607 crore are for markets outside India.
Oil and Natural Gas Corporation (ONGC) and bp have signed a contract under which bp will serve as the Technical Services Provider (TSP) for the Mumbai High field, India’s largest and most prolific offshore oil field. ONGC will retain ownership and operational control of the field. Under the terms of the contract, bp will receive a fixed fee for a period of two years for its deployed personnel, followed by a service fee linked to incremental oil and gas production. bp will work in close collaboration with ONGC to stabilize the field’s current production decline and restore it to a robust growth trajectory.
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