NBCC: The public sector “Navratna” has received work orders to the tune of Rs 271 crore for construction of balance works /left out works of Amrapali corporate Hub at Gurgaon pertaining to Amrapali group of companies amounting to Rs 42.4 crore and special repair & up gradation works of Civil, Electrical, Mechanical & Plumbing along with all allied Works required due to lack of comprehensive maintenance of Amrapali Projects at Noida & Greater Noida amounting to Rs 229 crore.
Filatex Fashions: The Hyderabad based manufacturer is planning a capex of Rs 300 crore over the next 18 months towards installation of another 500 machines to meet the growing demand for its products. It is in the process of acquiring 100 units of Cut and Sew machines for manufacturing of T-shirts and Tracks, Yarn dyeing plant and covering plants. This capex will generate additional Rs 400 crore revenues for the company and provide employment to 1000 workers.
Lupin: Lupin's Brazilian subsidiary, MedQuimica has signed a definitive agreement to acquire all rights to nine medicines from BL Indústria Ótica Ltda., a subsidiary of Bausch Health Companies Inc. MedQuímica will acquire rights to nine products including Limbitrol, Melleril and Dalmadorm for Central Nervous System related conditions, Bacrocin, Glyquin, Solaquin, Oxipelle and Efurix as topical oncological treatments, and Cuprimine for the treatment of Wilson's disease.
Five Star Business Finance: The company declared 22 percent QoQ growth in its PAT to Rs 144 crore while its disbursements jumped 127% QoQ to Rs 803 crore. The AUM for the company stood at Rs 5,732 crore, up 24 percent YoY. The net interest margin came in at 17.6 percent with ROA and ROE of 8.7 percent and 14.7 percent respectively. The company had a network of 352 branches as on September 30, 2022.
Arvind Smartspaces: Arvind SmartSpaces launched Arvind Greatlands, a plotted development, located at Devenahalli, Bangalore - sold an area of more than 0.57 msf amounting to a booking value of over Rs. 200 Crore. This project marked ASL's entry into the plotted development segment in Bengaluru.
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