Sovrenn Latest News Bulletin - 1 Feb 2024
MEGAFLEX PLASTICS LIMITED
Board of Directors has accepted the proposed allotment of the land measuring an area of 6.5 acres in mouja Kalibeti under Khurdha Tahasil in the district of Khurdha by IDCO. In the first phase Company shall set up a manufacturing unit of injection and blow moulded plastic containers.
DEEPAK NITRITE LIMITED
During the Vibrant Gujarat Global Summit 2024 held on January 10-12, 2024, Deepak Chem Tech Limited (formerly known as Deepak Clean Tech Limited), a wholly owned subsidiary of the Company had expressed its intention to invest around INR 9,000 Crores. Towards this, Deepak Chem Tech Limited has now signed a Memorandum of Understanding with Government of Gujarat on January 31, 2024, with an intent to invest around INR 9,000 Crores to establish projects at Dahej, in the State of Gujarat, to manufacture Polycarbonate Resins and compounds, Methyl methacrylate, Aniline.
ION EXCHANGE (INDIA) LIMITED
Company has been awarded a Contract from Material Construction Trading FZCO, UAE for Engineering, Manufacturing, Delivery to site, supervision of erection, commissioning and start-up of Desalinated water unit for a Project in North Africa at a contract value of INR 152.46 crores plus VAT. The project is to be completed within 8 months from the date of Letter of Acceptance.
DR. AGARWAL’S EYE HOSPITAL LIMITED
A new branch of the Company located at Coonoor, Nilgiris. Tamil Nadu commences its operation with effect from 1st February 2024.
PODDAR PIGMENTS LIMITED
Company has entered into an agreement on 31st January, 2024 with IB Vogt Solar India Private Limited (“IBV”), Gurugram, Haryana, for installation of 3 MWp Solar Power Plant at Village - Jhinjhinyali, Tehsil - Fatehgarh, District - Jaisalmer, Rajasthan, to generate electricity for its Captive Consumption.
CANTABIL RETAIL LIMITED
Company has opened 2 New Showrooms/ Shops at different location in India during the month of January 2024.Now total number of Showrooms/ Shops of the Company stands at 517.
RMC SWITCHGEARS LIMITED
Company has promoted a new wholly owned subsidiary company "Intelligent Hydel Solutions Pvt. Ltd." with the main objective to innovate, develop, install the smart solutions and systems for water distribution, treatments, filtration, conservation, restoration and monitoring of wastewater or sewage water.
WINDSOR MACHINES LIMITED
Company has received Patent Rights from Patents Office, Government of India titled: A TWO PLATEN INJECTION MOLDING MACHINE WITH COMMON CASTING FOR FIXED AND MOVING PLATEN.
MARINE ELECTRICALS (INDIA) LIMITED
Company has received orders amounting to INR 15 Cr from (i) STTelemedia Global Data Centres for LV Panels to be delivered over 4 months, and (ii) Material organization (Vizag) for IBS P28 B class of ship to be delivered over 9 months.
KOTYARK INDUSTRIES LIMITED
A wholly owned subsidiary of the Company has been incorporated by the name of Semani Industries Limited to carry business of manufacturing, trading, import, export & otherwise deal in Bio-Diesel, Bio-fuels, Oils and Fats, De-oiled Cakes, Bio-fertilizers, Bio-gas, Bio-mass, Electricity, used oils, fats, organic products, Bio-Cosmetics and its related products & to import, export, trade and to establishing and developing of bio methanation solar-waste heat recovery based green energy projects; renewable energy projects, power projects, bio methanation plants, recycling plants, desalination, plants and also offering operation and maintenance thereof. It will help the Company with further expansion of its business.
H. G. INFRA ENGINEERING
Company has been declared as L-l bidder by South-Central Railway for project worth INR 447 Cr. The project involves Doubling of Track between Karanjgaon station & Aurangabad station including Electrification and Signaling works in connection with Aurangabad-Ankai Doubling Project in Nanded Division of South-Central Railway.
THYROCARE TECHNOLOGIES LIMITED
Thyrocare Technologies Limited has entered into a Share Purchase Agreement with Think Health Diagnostic Private Limited and their existing shareholders on February 1, 2024 to acquire 100% stake in Think Health by way purchase of equity shares from all the existing shareholders of Think Health.
KORE DIGITAL LIMITED
BoD has considered and approved the raising of INR 47.3 Cr of funds through issuance of 5.3L equity shares and 63k warrants at INR 795 each. Allottees of equity shares include: Manickam Ravichandran (62k shares), Wow Investments (27k shares), Rakesh Laroia (25.2k shares), Sandeep Singh (19.2k shares), etc. Warrants are 100% allotted to Promoter Ravindra Doshi.
TATA MOTORS LIMITED
Tata Motors Limited sales in the domestic & international market for January 2024 stood at 86,125 vehicles, compared to 81,069 units during January 2023.
BCPL RAILWAY INFRASTRUCTURE LIMITED
BCPL Railway Infra bags INR 826.62 million Engineering, Procurement and Construction (EPC) project under Alipurduar and Rangiya Division of N.F. Railway.
BEST AGROLIFE LIMITED
Seedlings India Private Limited, a wholly owned subsidiary of the Company has been granted License lor indigenous manufacture of Trifloxysrobin 6% + Thiamethoxam 24% + Thiophanate methyl 9.5% by Central Insecticides Board & Registration Committee.
Company has received an order worth INR 34.7 Cr from U.P. Jal Nigam (Urban), Meerut (U.P.) for construction of proposed multi-level car parking at Nagar Nigam Office, Distt. Meerut (U.P.).
MARUTI SUZUKI INDIA LIMITED
In January 2024, Maruti Suzuki India Limited sold a total of 199,364 units, which is its highest ever monthly sales volume. Total sales in the month include domestic sales of 170,214 units, sales to other OEM of 5,229 units and exports of 23,921 units.
Global pharma major Lupin Limited (Lupin) today announced that it has received approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application for Dronedarone Tablets USP, 400 mg, to market a generic equivalent of Multaq® Tablets, 400 mg of Sanofi-Aventis U.S. LLC. The product will be manufactured at Lupin’s Goa facility in India.
SAREGAMA INDIA LIMITED
Saregama, an RPSG group company, announced the launch of 'Saregama Talent,' a dedicated vertical exclusively designed for emerging artists. Following this exciting move, the Company unveiled its first three next-gen performers - Maahi, Arjun, and Pragati.