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Thursday, June 11, 2015

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Engineers India gains after Abu Dhabi office wins order
Engineers India said that its Abu Dhabi office has till date in the current year secured orders worth Rs150 crore from clients in Middle East. These orders are from the oil and gas companies as well as through EPC contractors for providing engineering services. The company has expanded its office in Abu Dhabi to cater to its clients in the region. The office has state-of-art facilities and has been well appreciated by the clients, Engineers India said in a statement.      

TVS Motors gains on securing new patent
Shares of TVS Motor Company rose over 2% to Rs229.15 on the Bombay Stock Exchange (BSE) after the automobile manufacturer bagged a patent for technology related to three wheeler engines.The stock opened at Rs225.25 on the BSE and touched a high of Rs230.90.The patent office in India awarded the patent, which relates to a cooling system for the rear mounted liquid cooled engine in three wheelers.

Glenmark Pharma gains after USFDA nod for a medicine
Glenmark Pharmaceuticals rose nearly 2%, touching to Rs872.2, after Glenmark Pharmaceuticals Inc., USA has been granted final approval by the USFDA for Calcipotriene Cream, 0.005%. Glenmark Pharmaceuticals said Glenmark Pharmaceuticals Inc., USA has been granted final approval by the United States Food & Drug Administration ( USFDA) for Calcipotriene Cream, 0.005%, the therapeutic equivalent of Dovonex Cream, 0.005% of Leo Pharma A/S. Glenmark plans to commence shipping of Calcipotriene Cream, 0.005% immediately.

Bharat Forge arm and L&T in run for Rs15,000 gun orders
Bharat Forge subsidiary and L&T are only two in run for Rs15,000 gun orders – Positive for Bharat Forge and L&T . L&T and Kalyani Strategic Systems Ltd (KSSL), a Bharat Forge subsidiary are the only two Indian companies currently in contention for the towed artillery gun pie that is valued at around Rs15,000 crore.

Government approves Rs 4,721 cr road projects
Government approves Rs4,721 cr road projects in Madhya Pradesh, Telangana – Positive for Road Developers (IRB Infrastructure, IL&FS Transportation, Ashoka Buildcon, Sadbhav Engineering among others)

The government today approved Rs4,720.92 crore highways projects in Madhya Pradesh and Telangana under NHDP. Development of the four laning of the Guna-Biaora and Biaora-Dewas section of National Highway - 3 in Madhya Pradesh with an estimate cost of Rs2,815.69 crore on BOT basis.

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