Company News

Kilburn Engineering wins orders worth Rs 21.9 crore; stock surges 6%

Kilburn Engineering wins orders worth Rs 21.9 crore; stock surges 6%Mumbai-headquartered Kilburn Engineering has received orders worth Rs 21.9 crore for supplying dryers from Tata Chemical, Tea Estates and Rice Mills.

The company has won an order worth Rs 11.10 crore for supply of calciner from Tata Chemical while secured an order worth Rs 10.80 cr from tea estates and rice mills for supply of tea and paddy dryers.

Petron Engineering secures order worth Rs 8.72 crore

Petron Engineering secures order worth Rs 8.72 croreThe Mumbai-based Petron Engineering Construction has secured an order worth Rs 8.72 crore for electrical erection power plant from Lanco Infratech.

The scope of work includes complete package of electrical erection for their 366-MW combined cycle power plant in Andhra Pradesh

Incorporated in 1976, Petron Engineering provides services in mechanical, erection, piping, electrical, instrumentation, painting, refractory and insulation work for refineries, chemicals, petrochemicals, cement, fertilizers, metallurgical, power plants and other industrial plants.

Refex Energy setting up 50 MW Solar PV Power Plant in Gujarat

Refex Energy setting up 50 MW Solar PV Power Plant in GujaratRefex Energy, the part of BSE-listed Refex refrigerants, has informed that the firm is setting up a 50 MW solar PV power plant in Gujarat.

Recently, the energy firm for the purpose has signed a MOU with energy and petrochemicals department in the State.

Refex Energy stated in an official communiqué that it intends to begin the first phase of the 50 MW in 2009 and complete the investment in stages.

Venus Remedies facility gets ‘GMP certificate’

Venus Remedies facility gets ‘GMP certificate’The Chandigarh-based Venus Remedies’ manufacturing facilities at Baddi Campus has secured Good Manufacturing Practices certificate from the Ministry of Health and Medical Education of Iran which will enable the Company to export its products to Iranian market.

Technical analysts believe that this is a major breakthrough for the Company as Iran holds a significant share in Middle Eastern Pharmaceutical market and would open door to other Middle Eastern Markets as well.

Biocon’s Syngene International to offer fully integrated drug discovery service

Biocon’s Syngene International to offer fully integrated drug discovery serviceSyngene International, a unit of Indian biotechnology major BIOCON Group, has informed that it will offer fully integrated drug discovery services by partnering with Sapient Discovery, a US based Biotechnology Company.

Sapient Discovery uses integrated, proprietary computational and experimental laboratory technologies, and cellular biology and proprietary data mining to accelerate the drug discovery and optimization processes.

LICHFL to launch new financial arm

LICHFL to launch new financial armLIC Housing Finance (LICHFL) is planning to launch its new financial arm in the current quarter. The decision is aimed to strengthen its distribution network across the country. The company would start its new financial arm, headquartered at Bombay and expand its network across country at later stage.

The Director and Chief Executive of LICHFL, R R Nair said, "We are launching our financial services subsidiary called LIC Housing Finance Financial Services which will help us improve our disbursement of loans and other financial products, during the quarter."

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