Gujarat-based windmill infrastructure development K P Energy Limited Wednesday announced its migration to the BSE main board from the SME platform, after over two years of its getting listed on the bourse. The company's market cap stood at 261.15 crores on October 10.
"The company survived the turbulence in the industry in the past few years, (but) we are confident that there are better times ahead, and we are comfortably placed to monetise the benefits of the upswing in wind energy installations," said Farukbhai Patel, managing director, KP Energy.
The company reported a net profit of Rs 7.06 crore in HIFY19 as against Rs 1.01 crore in the same period of previous fiscal, thereby registering a whopping 599 per cent growth, it said. ***************** Lilly India enters autoimmune segment with Olumiant launch *
Pharma firm, Eli Lilly and Company (India) (Lilly India) Wednesday announced its entry into the autoimmune segment with Olumiant, a new once-daily oral therapy for rheumatoid arthritis.
Olumiant (baricitinib) is a once-daily oral medication for the treatment of adults with moderate-to-severe active rheumatoid arthritis who have responded inadequately to, or who are intolerant to one or more disease-modifying anti-rheumatic drugs (DMARDs). Olumiant may be used as monotherapy or in combination with methotrexate. It will be available in India this month in 4mg and 2mg dosage forms. Olumiant is approved in more than 50 countries across the world, the release said. ****************** Saft India to accelerate growth plans *
Saft India is looking at increasing its focus on rail, telecom and infrastructure and increasing its investment in plants, in both lithium-ion and nickel technologies, chairman of the board Franck Cecchi said in a statement.
Saft, designer and manufacturer of advanced technology batteries for industry has completed the purchase of shares from its JV partner AMCO to establish Saft India to reinforce its partnership with Indian industries.
"We are increasing our focus on India now as Saft India to support the Indian government, the Make in India programme and Indian industries. We look forward to accelerating our growth here," Cecchi said.
Today, Saft employs 4,300 people in 18 countries. The company has research centers in France and the US, where it has a particularly strong footprint, and 14 manufacturing sites and 30 sales offices across the world. ************* Kritika Wires debuts on NSE Emerge Platform at 9.38% premium *
Kolkata headquartered, Kritika Wires, that manufactures high quality galvanised steel wires and wire products got listed on Emerge platform of NSE Wednesday at a premium of 9.38 per cent.
The share price opened at Rs 32 and gained by 9.38 per cent to close at Rs 35.
Kritika Wires IPO opened on September 26 and closed on October 1 at a price band of Rs 32 per share.
Its IPO was oversubscribed by 1.89 times and the company raised Rs 15.40 crore from the market.
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