Company News

Lanco Infratech sells Rithwik Energy to Agri Gold Project

L&T to sign ‘Nuclear Co-operation Pact’ with two overseas firms

L&T to sign ‘Nuclear Co-operation Pact’ with two overseas firms According to latest reports, it has been revealed that country's largest engineering and construction conglomerate, Larsen & Toubro (L&T) is all set to enter nuclear power plant construction business.

Sources familiar with the development informed that the engineering and construction firm is presently in talks with two overseas firm and will soon sign a cooperation agreements with General Electric Hitachi of the US and Areva of France, two of the largest vendors of reactors, within time period of 3 to 4 weeks.

Shree Cement books 1000 Nanos for rewarding its employees

Shree Cement books 1000 Nanos for rewarding its employeesRattan Tata's dream small car Nano has been scaling new milestones due to heavy interest shown by common people and some corporate houses. Recently, Shree Cement Managing Director, HM Bangur announced to place a bulk order of 1000 Nanos on the eve of Earth Day on Wednesday.

Dr Reddy’s launches ‘Redispar’ in domestic market; stock soars 3%

Dr Reddy's Laboratories LtdDr Reddy's Laboratories Ltd, an emerging global pharmaceutical company, has finally launched RedisparT (Doxercalci) in Indian market.

According to a press release, RedisparT is the first pro-vitamin D2 to be available in the country, which is used in the treatment of secondary hyperparathyroidism (SHPT) due to chronic kidney disease.

In addition, the drug is also used to maintain the parathyroid hormone (PTH) and calcium levels in the body in chronic kidney disease patients.

BGR Energy wins order worth Rs 15.50 crore

BGR Energy Systems LimitedBGR Energy Systems Limited, a leading energy equipment supplier, has won an order worth Rs 15.50 crore from Maithon Power Limited, Jharkhand for Design, Engineering, Supply, Erection and Commissioning.

The company has secured latest contract for the 2 x 525 MW Coal-based Power Plant, which is being developed by Maithon Power Limited.

Maithon Power Limited is a Joint Venture Company of Tata Power and Damodar Valley Corporation (DVC).

Global Vectra to pump $130 million in next two years

Global Vectra HelicoptersGlobal Vectra Helicopters, part of the $800-million Vectra Group, is presently looking at the option to make an investment of $130 million over the next two years to enhance its fleet size as well as consolidate its operations.

Moreover, the company is also looking at the possible option to raise funds, which it will use to increase its fleet strength by 14 helicopters to 45 in two years.

The company intends to focus more on off-shore activities which are basically non-oil and gas.