The GR infra projects received the two road projects from Maharastra state highway corporation and worth Rs.4346.14 cr. One project length 36 month period for Rs.1999.27 cr and another project worth Rs.2349.07 cr completed in 30 month period.
GR Infraprojects’ share price touched a 52-week high of Rs 1,645 in early trade on May 22 after the company secured two road projects worth Rs 4,346.14 crore.
The company announced in an exchange filing that it had emerged as the lowest bidder for two road projects valued at Rs 4,346.14 crore for the Maharashtra State Road Development Corporation.
The first project involves the construction of an access-controlled Pune Ring Road in Pune District, Package PRR W5, stretching from Kalyan/Rathwade Km. 55+500 to Shivare/Kusgaon Phase Km. 64+841 (length 9.341 km) in Tq. Haveli/Bhor, Maharashtra, on an EPC (Engineering, Procurement, and Construction) basis. The contract is valued at Rs 1,997.07 crore and is scheduled for completion within 36 months from the appointed date.
The second project is the construction of the Nagpur-Chandrapur access-controlled super communication expressway in Maharashtra on an EPC basis, Package NC-01, spanning from Km. 0+000 Seldoh Tq. Seloo to Km. 33+300 Lonhar Tq. Samudrapur, Dist. Wardha (length 33.300 km). This contract is valued at Rs 2,349.07 crore and is to be completed within 30 months from the appointed date.
United Spirits: United Spirits Stock Dips Due to Rs 345 Crore Bill from Maharashtra Water Dept
The United spirits received the Water charges with penalty of Rs.345.45 cr due to not proper pay of water charges in the Nanded plant in Maharastra. The United Spirits send the appeal for Bombay high court due to high revision of Water charges.
UNITED SPIRITS Market price is moving in Ascending channel and market has reached higher high area of the channel
This drop followed the company’s receipt of a notice demanding payment of water charge arrears totaling Rs 345.45 crore from the Water Resources Department of Maharashtra.
The notice pertains to the cessation of water supply under Section 49(J) of the Maharashtra Irrigation Act, 1976.
The Water Resources Department (Jalsampada Vibhag), Irrigation Division – Nanded (North), Maharashtra, issued the notice, requiring United Spirits to settle its outstanding water charges within seven days. Failure to comply could result in the suspension of water supply, as outlined in Section 49(J) of the Maharashtra Irrigation Act, 1976.
United Spirits, a subsidiary of Diageo, has contested the increased tariff imposed on its Nanded unit by filing a writ petition with the Bombay High Court, making the matter sub judice. The company is currently assessing the notice and deliberating on its next course of action.
Despite the notice, United Spirits anticipates no financial impact beyond what has already been accounted for or disclosed as contingent liabilities in its financial statements. The delay in addressing the notice stemmed from the company’s thorough evaluation of the order and its potential repercussions.
The Indoco Remedies company received the US FDA Approval for Pregabalin capsules for using Spinal cord problem, Diabetes Neuro therapy, Neuralgia and Fibromyalgia. The shares of this company rise today after the approval came.
INDOCO REMEDIES Market price is moving in Ascending channel and market has fallen from the higher high area of the channel
The share price of Indoco Remedies experienced an early trade surge on May 22 following the company’s receipt of final approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Pregabalin capsules.
The company announced the USFDA’s final approval for Pregabalin capsules in various strengths, including 25mg, 50mg, 75mg, 100mg, 150mg, 200mg, 225mg, and 300mg. These capsules are a generic equivalent of the Reference Listed Drug, Lyrica Capsules, and will be manufactured at the company’s manufacturing facility in Verna Industrial Area, Goa, India.
Pregabalin capsules are indicated for the treatment of neuropathic pain associated with diabetic peripheral neuropathy and spinal cord injury, postherpetic neuralgia, and fibromyalgia.
“This development marks a significant milestone for us and is a testament to our commitment to quality and regulatory compliance. We remain focused on quality, excellence, and delivering value to our stakeholders,” stated Ms. Aditi Panandikar, Managing Director of Indoco Remedies.
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