Stocks in News
Reliance Industries: The 45th Annual General Meeting will start at 2 pm on August 29, with addresses and presentations expected from Chairman Mukesh Ambani and other members of the company's board and subsidiaries. Analysts think this year, the focus may be on the consumer retail business once again.
Cipla: The company has now received six observations, with some referencing to the observations made during the September 2019 inspection, for its Goa plant. There are no data integrity (DI) observations. The USFDA inspected company's Goa plant during August 16-26. The US health regulator inspected the facility in September 2019 and issued a warning letter in February 2020.
Syngene International: The company has entered into an agreement for the acquisition of renewable power by acquiring up to 26 percent equity stake in O2 Renewable Energy II Private Limited. O2 Renewable Energy II Private Limited is the special purpose vehicle formed by O2 Energy SG Pte Ltd for the generation and the supply of renewable power.
NHPC: NHPC and the Himachal Pradesh Government signed an implementation agreement for Dugar HE project. Both the parties signed a memorandum of understanding in September 2019 for the execution of the project.
Jubilant Pharmova: Subsidiary Jubilant Draximage Inc has received the Establishment Inspection Report (EIR) with voluntary action indicated (VAI) status from the USFDA for its radiopharmaceuticals manufacturing facility in Montreal, Canada. The USFDA had conducted an inspection from June 6 to June 10. With the receipt of the EIR, the inspection stands successfully closed.
RITES: The company has secured a new order with JV partner for the redevelopment of the Kollam railway station for Rs 361.18 crore from Southern Railways. The share of RITES in the order is 51 percent.
UltraTech Cement: As part of its ongoing expansion plan, the company has commissioned cement capacity of 1.3 mtpa at Dalla Cement Works, Uttar Pradesh, which resulted in increase in the unit's capacity to 1.8 mtpa. This is the first phase of capacity expansion announced in December 2020. With this commissioning, the company's total cement manufacturing capacity in India now stands at 115.85 mtpa.
