Siemens announced that it has received a crucial order worth Rs 217 crore for Power Grid Company of Bangladesh (PGCB) project from Siemens AG, Germany. The project is a part of India Bangladesh agreement for power exchange as per South Asia Sub Regional Economic Co-operation (SASEC) by Asian Development Bank (ADB). The announcement was made after market hours yesterday, 3 August 2016.
Tata Power Company will announce Q1 June 2016 results today, 4 August 2016.
Bata India's net profit fell 44.01% to Rs 50.49 crore on 1.01% decline in total income to Rs 685.69 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 3 August 2016.
On a consolidated basis, Cadila Healthcare's net profit fell 22.60% to Rs 356.20 crore on 4.33% decline in total income to Rs 2302.40 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 3 August 2016.
Dr. Reddy's Laboratories announced that it successfully completed the previously announced acquisition of eight Abbreviated New Drug Applications (ANDAs) in the US from Teva Pharmaceutical Industries and an affiliate of Allergan plc. The acquired portfolio consists of products that are being divested by Teva as a precondition to its closing of the acquisition of Allergan's generics business. The portfolio being acquired is a mix of six ANDAs pending approval, one approved ANDA and one ANDA with tentative approval, and comprises complex generic products across diverse dosage forms. The combined sales of the branded versions of the products in the US is approximately $3.5 billion MAT for the most recent twelve months ending in June 2016 according to IMS Health. The announcement was made after market hours yesterday, 3 August 2016.
Auto component firm Motherson Sumi Systems said its board decided to seek shareholders' approval to raise over Rs 3500 crore with an objective to enhance long term resources. The company will seek the resolution for preferential allotment of up to 1.78 crore equity shares or issue of foreign currency convertible bonds (FCCB) of an amount of upto Rs 562.50 crore to Sumitomo Wiring System, Japan, it added. Further the resolution seeks to raise an amount up to Rs 3000 crore through qualified institutional placement. This is step towards gearing up for the growth in line with the vision 2020 announced by the company. MSSL has set the target of becoming $18 billion company by 2020, the company said. The announcement was made after market hours yesterday, 3 August 2016.
Apollo Tyres announced that its board will meet on 9 August 2016 to consider issuing non-convertible debentures (NCDs) through private placement. The announcement was made after market hours yesterday, 3 August 2016.
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Punj Lloyd announced that its subsidiary Pt Engineering has sold its entire shareholding in its wholly owned subsidiary registered in United Kingdom viz. Simon Carves Engineering to Engineers and Constructors International, Inc, for a cash consideration of $2 million. Simon Carves Engineering contributed 1.73% of the total income of Punj Lloyd during the last financial year. The announcement was made after market hours yesterday, 3 August 2016. Engineers and Constructors International, Inc is a design and engineering company belonging to the Mitsui Group based out of Baton Rouge, Louisiana, US.
NBCC (India) announced that it has secured a total business of about Rs 344.72 crore in the month of July 2016. The announcement was made after market hours yesterday, 3 August 2016.
IRB Infrastructure Developers (IRB Infra) announced that its wholly owned subsidiary AE Tollway incorporated for implementation of Agra Etawah Bypass project has received the appointed date from the competent authority. Accordingly, the special purpose vehicle (SPV) has started construction on the project and also toll collection from 1 August 2016. The announcement was made after market hours yesterday, 3 August 2016.
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