Bharat Heavy Electricals (BHEL) has successfully commissioned another 660 MW supercritical thermal unit in Maharashtra. This is the second supercritical unit to be commissioned at Mouda Super Thermal Power Station (STPS), located in Mouda in Nagpur district of Maharashtra. The order for setting up two coal-based thermal units of 660 MW was placed on BHEL by NTPC. Notably, this is the fourth unit to be commissioned by BHEL at Mouda, where one unit of 660 MW and two units of 500 MW supplied and executed by BHEL, are already in operation. The key equipment for the project has been manufactured by BHEL at its Haridwar, Trichy, Hyderabad, Ranipet and Bengaluru works, while the construction of the plant was undertaken by the company's Power Sector -Western Region.
HCL Technologies has been chosen as the strategic IT services provider to the Volvo Ocean Race. HCL will be responsible for developing and delivering IT solutions for the 2017-18 edition of the race around the world. The IT infrastructure being developed in collaboration with HCL will form the backbone of Volvo Ocean Race’s streaming and TV production for key events such as arrivals, departures and the In-Port Race series. HCL will support vital services, such as inter-site connectivity at the race’s global stopovers, digital content delivery, mobile data centres and infrastructure with full redundancy, best-in-class Wi-Fi networks, and multimedia facilities for media centres and race offices.
Aurobindo Pharma has received final approval from the US Food & Drug Administration (USFDA) to manufacture Guaifenesin and Dextromethorphan Hydrobromide extended-release tablets, 600/30 mg and 1200/60mg (OTC). Aurobindo’s Guaifenesin and Dextromethorphan Hydrobromide extended-release tablets are the AB rated generic equivalent of Reckitt Benckiser’s Mucinex DM tablets. The product will be launched in Q1FY18.
State-owned Power Finance Corporation (PFC) has sanctioned Rs 9,128 crore in financial assistance to power units in Tamil Nadu. The company has sanctioned a term loan of Rs 5,474 crore to Tamil Nadu Generation & Distribution Corporation (TANGEDCO) for setting up a 2x800 MW coal-based ‘UPPUR TPS’ using super-critical technology in Ramanathapuram district and for renovation, modernization and uprating of the Sholayar Power House-I from 2x35 MW to 2x42 MW. The company has also sanctioned financial assistance of Rs 3,654 crore to Tamil Nadu Transmission Corporation (TANTRANSCO) to strengthen their power transmission network and also to establish a 765/400kV GIS-based North Chennai Pooling Station at Ennore, Tiruvallur district in Tamil Nadu.
Larsen & Tourbo’s (L&T) wholly-owned subsidiary - L&T Realty has transferred 2,88,02,880 equity shares in L&T South City Projects to Pragnya South Opportunity Fund & Pragnya Fund II upon receipt of consideration of Rs 188.60 crore on March 20, 2017. L&T Realty had earlier executed a share purchase agreement (SPA) for selling its entire stake in L&T South City Projects to Pragnya group. Pragnya group is an investment firm with a specific focus on fund management, property development and asset management.
Viaan Industries has launched its Direct Selling Venture - Best Naturals. Best Naturals is the first direct selling venture in the wellness segment of flagship company, Viaan Industries. With their channel partners, Best Naturals targets to touch 50,000 people in its first year of operations and reach up to 2, 50,000 in the next 2-3 years. Viaan Industries is a company Majorily owned by Raj Kundra and Shilpa Shetty Kundra. With its state of art R & D partnership in Hong Kong & China Viaan Industries is launching bevy of products throughout India and CIS countries.
Lakshmi Vilas Bank has launched new product ‘LVB Stree Account’. The Bank’s existing Lakshmi Mahila Power account is revamped, re-branded and launched as LVB Stree Account with enhanced features and benefits along with special insurance coverage, with effect from March 20, 2017. Lakshmi Vilas Bank offers a wide range of services such as Deposits, loan, MSME, Online Services, NRI services, Wealth Management Services and Personal banking services etc.