TNM

L&T Consortium bags India’s first Monorail System from Mumbai Metropolitan

L&T Consortium bags India’s first Monorail System from Mumbai Metropolitan Larsen & Toubro, India’s leading Technology, Engineering & Construction Company along with its Malaysian partner Scomi Engineering Bhd has secured an order worth Rs 2460 crore from the Mumbai Metropolitan Region Development Authority (MMRDA) to implement the country’s first Monorail System in Mumbai. 
 
The consortium bagged the said contract by beating Reliance-Hitachi Consortium’s bid.  

Bharat Forge intends to form a Joint Venture with Alstom Group

Bharat Forge intends to form a Joint Venture with Alstom GroupBharat Forge Limited (BFL), the second largest forging company in the World and part of Kalyani Group – a US $ 2.4 billion conglomerate, intends to setup a joint venture company with Europe-based Alstom Group, for manufacturing state-of-the-art supercritical power plant equipment in India.

IVRCL Infrastructure bags order worth Rs 893 crore; Stock Surges 10%

IVRCL Infrastructure bags order worth Rs 893 crore; Stock Surges 10%IVRCL Infrastructure & Project Limited has informed that the company has bagged a lift irrigation project worth Rs 893 crore from the Government of Andhra Pradesh, Irrigation & CAD Department.

Satyam Computers acquires Motorola’s Malaysian Software development Centre

Satyam Computers acquires Motorola’s Malaysian Software development Centre Satyam Computer Services, the fourth largest IT solutions and service provider, has acquired the software development centre of Motorola in Malaysia.

Under the arrangement, Motorola will divest from its software development centre in Cyberjaya, subsequently all 128 employees – along with the unit’s assets – will shift to Satyam.

Glenmark Generics’ arm begins marketing of ‘Morphine Sulfate’ in US

Glenmark Generics’ arm begins marketing of ‘Morphine Sulfate’ in US Glenmark Generics Ltd's US subsidiary (GGI) has notified that the company has started distribution of Morphine Sulfate Oral Concentrate Solution in the U.S. market through a licensing pact with a U.S. based pharmaceutical development company. 

The latest introduction will be the fifth product offered by Glenmark in the segment of pain management.

The company will market Morphine Sulfate Oral Concentrate Solution in three presentations, which is indicative for the relief of severe acute and severe chronic pain.

Punj Lloyd arm enters into a Joint Venture with Saudi Arab-based Dayim

Punj Lloyd arm enters into a Joint Venture with Saudi Arab-based DayimPunj Lloyd Group, a leading engineering procurement & construction (EPC) and project management services company has informed that its wholly-owned subsidiary Sembawang Engineers & Constructors Pte Ltd (Sembawang) has entered into a JV with Dayim Al-Haditha (Dayim).

Under the arrangement, Sembawang will hold 49 per cent stake while Dayim will hold 51 per cent stake in the joint venture company christened “Dayim-Sembawang Engineering LLC”.

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