IOL Chemicals shines on plan to launch API business to US market

     IOL Chemicals and Pharmaceuticals (IOLCP) has received from US Food and Drug Administration (USFDA), Establishment Inspection Report after successful inspection of its Ibuprofen manufacturing facility situated at Barnala, Punjab, India.
     Post this approval, the company will be able to garner additional business for its flagship API Ibuprofen in World's largest pharma market-USA. This will result into higher value added export turnover and higher margins.
     The company’s manufacturing facility already holds CEP certification (Certificate of Suitability) for its products Ibuprofen, Metformin Hydrochloride & Lamotrigine from European Directorate for the Quality of Medicines & HealthCare (EDQM) authorities, Council of Europe, France. The said facility at Barnala has also been approved by ANVISA Brazil, WHO & MOH Japan.
     These approvals will help the company to build and sustaining the growth by its API business in coming years, being the only integrated player globally, by exploring the higher value added regulated markets.
     IOL Chemicals & Pharmaceuticals is currently trading at Rs 108.00, up by 15.20 points or 16.38% from its previous closing of Rs 92.80 on the BSE.

Ahluwalia Contracts shines on securing new orders worth Rs. 317.65 crore

     Ahluwalia contracts has secured new orders aggregating to Rs. 317.65 crore for construction of institutions/Residential Building, including Electrical, Plumbing & Firefighting services.
     New orders worth of Rs. 219.52 crore for construction of IIITD campus, worth Rs. 49.83 crore for construction of Hiland Green residential building of Riverbnk Developers, worth Rs. 48.30 crore for construction of Diplomatic staff housing for Royal Danish Embassy.
     In addition, the company is currently L1 in project valued approximately Rs. 412.00 crore & the project bidded under pipeline are Rs. 2200.00 crore. The total order inflow during the FY 2015-2015 stands at Rs. 994.01 crores and the company’s current order book is Rs. 4100.00 crore approximately.
     Ahluwalia Contracts (India) is engaged in providing construction related services including design on turnkey basis and assuring timely completion of projects within budget and with excellent quality.
     Ahluwalia Contracts (India) is currently trading at Rs. 241.60, up by 5.80 points or 2.46% from its previous closing of Rs. 235.80 on the BSE.

TTML trades higher on the bourses

     Tata Teleservices’ mobility and business services brand - Tata Docomo, has unveiled new exciting roaming plans for its post-paid and pre-paid customers across all circles.  This new range of products will allow customers to stay connected endlessly on the company's superior network across the country.
     These plans are available in range of Rs 49 to Rs 225 for post-paid customers and Rs 76 & Rs 91 for Pre- paid customers, offering reduced local and outgoing STD call rates and unlimited free incoming calls. Being a customer centric brand, Tata Docomo has been consistently launching innovatively designed personalized products and services especially for the younger generation, as Millennials has been recognized as the prime divers of growth in both voice and data.
    Tata Teleservices Maharashtra (TTML) is a part of the Tata Group. This telecom services company has its presence all over Maharashtra and Goa.
     Tata Teleservices (Maharashtra) (TTML) is currently trading at Rs. 8.46, up by 1.41 points or 20.00% from its previous closing of Rs. 7.05 on the BSE.

Orient Green Power soars on getting nod to divest stake in Gayatri Green Power.

     Orient Green Power Company has received approval to divest not less than 26% of the equity shares held in the wholly owned subsidiary namely Gayatri Green Power. The Investment & Borrowing Committee of the board has approved for the same.
     The above said disinvestment is necessitated due to the decision taken to shift to Group Captive Model by the subsidiary which entails participation of not less than 26% of the shareholding in that subsidiary by the Group Captive consumers of power.
     Orient Green Power Company is leading Indian independent renewable energy-based power Generation Company focused on developing, owning and operating a diversified portfolio of renewable energy power plants. The Company is the largest independent operator and developer of renewable energy power plants in India based on aggregate installed capacity.
     Orient Green Power Company is currently trading at Rs.14.95, up by 0.76 points from its previous closing of Rs 14.19 on the BSE.

KEC International shines on bagging orders worth Rs 622 crore.

     KEC International (KEC), a global infrastructure EPC major, an RPG Group company has secured new order worth Rs 622 crore in its Transmission & Distribution and cables businesses. Under Transmission & Distribution Businesses, the company has secured order in India, Kenya and the Americas amounting to Rs 510 crore.
     It has secured two orders of Rs 126 crore from PGCIL for supply and construction of Transmission Lines in Northern India while on international front it has secured an order of Rs. 303 crore for the construction of HVDC   Transmission Lines in Kenya. In addition, it secured order of Rs. 81 crore for supply of lattice towers, monopoles & hardware  in the Americas.
     Under Cables business, it has secured order of Rs. 112 crore for the supply of Power and Telecom Cables.
     KEC International is currently trading at Rs 139.00, up by 5.35 points from its previous closing of Rs. 133.65 on the BSE.

Stocks in News

GE Shipping Ltd:

     Country's largest private shipping company Great Eastern shipping said its arm has incorporated a new wholly-owned subsidiary Greatship Oilfield Services Ltd.

Mangalore Refinery and Petrochemicals Ltd:

     MRPL said it will take over a USD 1 billion petrochemicals plant adjacent to its refinery in Karnataka in an all share deal.

Cipla Ltd:

     Drug maker Cipla Ltd will move its consumer healthcare business into a separate unite to sharpen its focus on the segment and boost sales, Cipla approved the divestment of its consumer healthcare business to a wholly owned subsidiary for a consideration of Rs. 10.5 crore. 

Stocks in News

Aditya Birla Nuvo:

     Diversified company Aditya Birla Nuvo (ABNL) will make a foray into solar power business and would participate in auction in such projects in Telangana.

Monnet Ispat Ltd:

     JSW energy on Thursday announced the signing of a non-binding a agreement with Monet Ispat for initiating due diligence for acquisition of majority stake in Monet Ispat and Energy's 1,050-Mw power plant in Odisha.

Adani Port Ltd:

     The company has held preliminary talk with Warburg Pincus about purchasing the private equity firm's shareholding in the Gangavaram port in Andhra Pradesh.

TCS:

     TCS missed revenue expectations for the fourth quarter in a row. Sequential dollar revenue growth of 3.5 per cent was also the lowest level of growth in the first quarter in several years.