Suzlon Energy signs deal with CLP Wind
Farms for two solar projects in Maharashtra
Suzlon, India’s largest renewable energy
solutions provider, and CLP India, one of the largest foreign investors in the
Indian power sector, announced a joint venture (JV) for two solar projects of
50 MW and 20 MW in Dhule, Maharashtra.
As per the agreement signed between Suzlon
Group and CLP India on September 10, 2018, CLP India has agreed to acquire 49%
stake in Gale Solarfarms Ltd and Tornado Solarfarms Ltd, two special purpose
vehicles (SPVs) set‐up by Suzlon.
Container Corporation of India signs
agreement with Central Warehousing Corp
Container Corporation of India (CCI) has
entered into an agreement with Central Warehousing Corporation (CWC) to form a
joint working group (JWG) to operate the latter's container freight station
(CFS) facility at Pipavav Port.
”This move will benefit the two companies
and meet the growing needs of exporters, importers, and domestic businesses
situated in and around Pipavav Port,” CCI's executive director and company
secretary Harish Chandra said in the release.
Cadila gets tentative approval for
Sitagliptin Tablets
Cadila Healthcare has received a tentative
approval from the USFDA for Sitagliptin Tablets USP, 25 mg, 50 mg, and 100 mg
(US RLD-Januvia Tablets), the company said in BSE filing on Tuesday.
These tablets will be manufactured at the
group’s formulations manufacturing facility at SEZ, Ahmedabad, the company
added.
NMDC shows revival in iron ore, sees
rebound in Aug sales despite repeated price hikes
NMDC has reported strong iron ore sales in
August 2018 with a month-on-month (mom) rise of 23% over sales in July. This
rise in production came in spite of the company going for price hikes of ~5%
towards the end of both August and July.
Volumes for August were lower by 21% yoy
as a large part of the sales for the month were impacted by the dispute with
domestic steelmakers over pricing. However, the pricing dispute seems to be
resolved with steelmakers resuming their purchases from NMDC.
SREI Infra Finance surges over 2% after
subsidiary gets IPO go-ahead
Srei Infra's wholly-owned subsidiary Srei
Equipment Finance Ltd (SEFL) is among the four companies to receive market
regulator Sebi's approval to float an initial public offer (IPO). Hinduja
Leyland, Aavas Financiers, and Penver Products are the other companies that have
received the go-ahead.
Incidentally, Srei Equipment Finance had
filed its draft papers with Sebi in November last year.
The draft paper indicates that the IPO
will comprise a fresh issue of equity shares worth Rs1,100cr. Apart from this,
Srei Infrastructure Finance will sell up to 43lakh shares in an offer for sale.
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