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Friday, July 10, 2015

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BHEL rises on commissioning Thermal Unit in Tamil Nadu
Bharat Heavy Electricals Ltd ( BHEL) gained over 2%, touching to Rs270.6, after the company said it has successfully commissioned the second 500 megawatts unit at Tuticorin Thermal Power Station.
The first 500 MW unit of the project was commissioned by BHEL on 10th March, 2015. Tuticorin TPS has been set up by NLC Tamil Nadu Power Limited ( NTPL), a joint venture of Neyveli Lignite Corporation ( NLC) and Tamil Nadu Generation and Distribution Corporation.

Diamond Power secures export order $ 14.5 mn
Diamond Power Infrastructure announced the receipt of an export order aggregating $ 14.5 million for supply of 4600 kms of Ariel Bunch Cables to Iraq. The order is to be executed from September 2015, in subsequent 8 months. The Company's present order book position stands at Rs 2400 crore.
GSFC plans to set up petrochemical complex at Dahej
Gujarat State Fertilizers & Chemicals ( GSFC) announced that the Company is contemplating to set up the petrochemical complex at Dahej with an estimated capital outlay between Rs8000 to 10000 crore. The status of this complex at present is at the feasibility study/DPR as well as search/ selection of technology suppliers.

Wipro buys Denmark firm Designit for $95 million
Wipro Ltd has acquired Denmark-based Designit for $95 million (around Rs.600 crore) to strengthen its presence in the digital space. Designit, with revenue of $30 million, is its first big step in eventually generating $1 billion of revenue from its new Wipro Digital arm. Denmark-based Designit, which employs 300 people, offers clients across healthcare, automotive and consumer goods industries, solutions in strategic design and innovation services, including product, service, and experience design.

Cipla to set up new subsidiary for consumer care business
Cipla approved the divestment of its consumer healthcare business to a wholly owned subsidiary for a consideration of Rs 10.5 crore. The consumer healthcare division reported sales of Rs 34.88 crore, or about 0.3% of total revenue, in the year ended 31 March. The transaction is expected to be completed in the third quarter of the current fiscal year. The aforesaid divestment would enable the company to participate in the attractive and growing over-the-counter (OTC) market
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