L&T Construction bags orders worth
Rs3, 376cr
Larsen n Toubro Construction Larsen &
Toubro’s construction arm has won orders worth Rs3, 376cr in following three
business:
1. Power Transmission & Distribution
business has secured orders worth Rs1, 226cr. In India, PTCUL has awarded
orders for supply, erection, testing & commissioning of a 220kV double
circuit transmission line from Srinagar to Rudrapur. Another order has been
secured from a reputed utility customer in South India to build substations.
Urban electrification orders have been received from BEST and NDMC, which are
for strengthening of sub-transmission and distribution networks under the
Integrated Power Development Scheme (IPDS). In the Middle East, Africa and
ASEAN countries, orders for the construction of substations and transmission
lines have been secured from utility customers.
2. Water & Effluent Treatment business
has secured an order worth Rs1, 200cr. An EPC order has been secured for the
execution of Kundalia Irrigation Project – Left Bank.
3. Buildings & Factories business has
secured orders in health and automobile sector worth Rs950cr from two
prestigious clients.
Maharashtra govt. to regulate food
prices in multiplexes, PVR, Inox to be impacted
Considering the high prices of food and
water inside multiplexes, the Bombay High Court on Wednesday said that it
should be sold at regular prices. Post which the Maharashtra government told
the court that it would soon come with a policy on the issue, as per the media
reports.
Recently, a Public Interest Litigation
(PIL) was filed by Jainendra Baxi against the prohibition of outside food in
the theatres. Division bench of justices S M Kemkar and M S Karnik was hearing
the PIL.
There is no legal provision which
prohibits outside food and water inside the theatres, petitioner’s lawyer,
Aditya Pratap Singh, told the court. Whereas, theatres sell food and water
inside at a higher prices.
Cipla's Indore facility under USFDA
audit
Media reports suggest that Cipla’s Indore
facility is being audited by USFDA. In January 2018, Cipla’s Goa unit was
audited by USFDA, flagging routine procedural observations. Cipla, post the
form 483 observations stated that it has received product approvals from Goa
despite the observations, easing investor concerns.
Indore is a formulations manufacturing
facility. The Indore SEZ facility had received nine USFDA observations in 2015
and was cleared in 2016. As per one of the earlier management comments, Indore
is not a very signficant plant at the moment as it is a newer plant.
Varun Beverages announces greenfield for
Tropicana
Varun Beverages (VBL) has announced its
plans to set-up a green-field production facility, subject to receipt of
necessary approvals, to create in-house production capacity for Tropicana fruit
juices, Quaker Oats Milk based Beverages and Gatorade. During Q4CY17, PepsiCo
transferred the distribution rights of Tropicana, Gatorade and Quaker dairy
product business to VBL in its territories. During the conference call, VBL has
indicated that in due course, the manufacturing too is likely to be
transferred. The estimated top-line from this business is expected at ~Rs500cr.
The aforementioned facility would be
spread over ~41 acres in Pathankot district, Punjab, and would be the first
fully backward integrated facility in India to manufacture the complete range
of above products including CSD at a single location.
Ashoka Buildcon declared lowest bidder
for projects valued at Rs759.84cr
Ashoka Buildcon Ltd (ABL) has emerged as
the lowest bidder for projects quoted at an aggregate price of Rs759.84cr. The
company had submitted bids to Dakshinanchal Vidyut Vitran Nigam Ltd. (DVVNL)
under the Saubhagya Yojana (Pradhan Mantri Sahaj Bijli Har Ghar Yojana) in
Uttar Pradesh (UP).
The projects include:
Cluster 2: For electrification work in
Etah and Kashiram Nagar (Kasganj) districts; project valued at Rs320.92cr.
Cluster 5: For electrification work in
Kannoj, Farrukhabad, and Etawa districts; project valued at Rs438.92cr
Ashoka Buildcon (ABL) is one of the
largest highway developers in the country with interests in EPC works (roads
and power distribution), BOT road projects, and manufacturing of ready-mix
concrete.
L&T Construction bags orders worth
Rs3, 376cr
Larsen n Toubro Construction Larsen &
Toubro’s construction arm has won orders worth Rs3, 376cr in following three
business:
1. Power Transmission & Distribution
business has secured orders worth Rs1, 226cr. In India, PTCUL has awarded
orders for supply, erection, testing & commissioning of a 220kV double
circuit transmission line from Srinagar to Rudrapur. Another order has been
secured from a reputed utility customer in South India to build substations.
Urban electrification orders have been received from BEST and NDMC, which are
for strengthening of sub-transmission and distribution networks under the
Integrated Power Development Scheme (IPDS). In the Middle East, Africa and
ASEAN countries, orders for the construction of substations and transmission
lines have been secured from utility customers.
2. Water & Effluent Treatment business
has secured an order worth Rs1, 200cr. An EPC order has been secured for the
execution of Kundalia Irrigation Project – Left Bank.
3. Buildings & Factories business has
secured orders in health and automobile sector worth Rs950cr from two
prestigious clients.
Maharashtra govt. to regulate food
prices in multiplexes, PVR, Inox to be impacted
Considering the high prices of food and
water inside multiplexes, the Bombay High Court on Wednesday said that it
should be sold at regular prices. Post which the Maharashtra government told
the court that it would soon come with a policy on the issue, as per the media
reports.
Recently, a Public Interest Litigation
(PIL) was filed by Jainendra Baxi against the prohibition of outside food in
the theatres. Division bench of justices S M Kemkar and M S Karnik was hearing
the PIL.
There is no legal provision which
prohibits outside food and water inside the theatres, petitioner’s lawyer,
Aditya Pratap Singh, told the court. Whereas, theatres sell food and water
inside at a higher prices.
Cipla's Indore facility under USFDA
audit
Media reports suggest that Cipla’s Indore
facility is being audited by USFDA. In January 2018, Cipla’s Goa unit was
audited by USFDA, flagging routine procedural observations. Cipla, post the
form 483 observations stated that it has received product approvals from Goa
despite the observations, easing investor concerns.
Indore is a formulations manufacturing
facility. The Indore SEZ facility had received nine USFDA observations in 2015
and was cleared in 2016. As per one of the earlier management comments, Indore
is not a very signficant plant at the moment as it is a newer plant.
Varun Beverages announces greenfield for
Tropicana
Varun Beverages (VBL) has announced its
plans to set-up a green-field production facility, subject to receipt of
necessary approvals, to create in-house production capacity for Tropicana fruit
juices, Quaker Oats Milk based Beverages and Gatorade. During Q4CY17, PepsiCo
transferred the distribution rights of Tropicana, Gatorade and Quaker dairy
product business to VBL in its territories. During the conference call, VBL has
indicated that in due course, the manufacturing too is likely to be
transferred. The estimated top-line from this business is expected at ~Rs500cr.
The aforementioned facility would be
spread over ~41 acres in Pathankot district, Punjab, and would be the first
fully backward integrated facility in India to manufacture the complete range
of above products including CSD at a single location.
Ashoka Buildcon declared lowest bidder
for projects valued at Rs759.84cr
Ashoka Buildcon Ltd (ABL) has emerged as
the lowest bidder for projects quoted at an aggregate price of Rs759.84cr. The
company had submitted bids to Dakshinanchal Vidyut Vitran Nigam Ltd. (DVVNL)
under the Saubhagya Yojana (Pradhan Mantri Sahaj Bijli Har Ghar Yojana) in
Uttar Pradesh (UP).
The projects include:
Cluster 2: For electrification work in
Etah and Kashiram Nagar (Kasganj) districts; project valued at Rs320.92cr.
Cluster 5: For electrification work in
Kannoj, Farrukhabad, and Etawa districts; project valued at Rs438.92cr
Ashoka Buildcon (ABL) is one of the
largest highway developers in the country with interests in EPC works (roads
and power distribution), BOT road projects, and manufacturing of ready-mix
concrete.
Get more details here:-
call on
9977499927
O731-6690000
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
