Tube investments: Company has signed an agreement with N Govindarajan to incorporate a subsidiary for pursuing the CDMO business. The company will invest up to Rs 285 crore, while N Govindarajan will invest up to Rs 15 crore.
Lupin: USFDA completed its inspection of the company’s bioresearch centre in Pune with zero observations. The Centre conducts in-vitro BE and biosimilar studies. Sona BLW Precision Forging Blackstone and its affiliates sold 20.5 percent stake in the company via bulk deals in the open market.
Tata Power: Tata Power Renewable Energy has signed a power purchase agreement with Tata Power Delhi Distribution for a 510-MW hybrid project. The project will comprise 170 MW of solar power and 340 MW of wind power, this was informed by the companies to the exchanges on March 13.
Krsnaa Diagnostics: Company said it has operationalized 100 more Pathology Collection Centers to provide services of Lab Investigation Facilities under Hinduhridaysamrat Balasaheb Thakeray Chikitsa for BMC Dispensaries and Hospitals in Mumbai. With this, the Company has operationalized 300 Pathology collection centers as on the date.
Tata Chemicals: Fitch Ratings on March 13 revised the outlook on the Company’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Positive from Stable and affirmed the rating at ‘BB+’.
Gail(India)Ltd: Company has declared an interim dividend for FY23 of 40 percent on the paid-up equity share capital, which is Rs 4 per equity share. The total dividend amount will be Rs 2,630 crore with a record date of March 21. The Government of India based on its holding shall be paid a dividend of Rs 1,355crore, while other shareholders will receive Rs 1,275 crore.