EVENING Bulletin 🚦 Date: 14-Feb-2025 📍 Order Wins - Premier Energies: Wins a ₹1,234 crore order. - BR Goyal: Wins an ₹28 crore order for toll collection at Pandutala Fee Plaza on NH-30, Madhya Pradesh. - Capacit’e Infraprojects: Wins a ₹1,320 crore EPC contract from NBCC for a residential project in Greater Noida, including two years of operation & maintenance. - Australian Premium Solar: Receives a Letter of Intent (LOI) under a 200 MW Tender from Bihar Renewable Energy Development Agency for grid-connected rooftop solar PV system installation across Bihar. --- 📍 Partnerships & MoUs - GAIL & Cummins: Sign an MoU for clean energy collaboration. - Mahindra & BEL: The U.S. and India launch the Autonomous Systems Industry Alliance (ASIA), strengthening defense industry ties. - SCI & BPCL: Sign MoU and NDA to explore a strategic alliance in the shipping sector. - Zydus Life & Zhuhai Beihai Biotech: Sign an exclusive licensing, supply, and commercialization agreement for BEIZRAY, a product used in treating various cancers. --- 📍 Clarifications and Announcements - Glenmark Pharma: Glenmark Pharmaceuticals Inc., USA, launches Latanoprost Ophthalmic Solution, achieving annual sales of approximately USD 113 million. - Vedanta Resources: Makes settlement for 2026 tender offers, paying $511.6 million for 2026 and 2028 bond tenders. - Vodafone Idea: SC junks Bharti Airtel, Vodafone Idea pleas on miscalculation in AGR dues. CEO Akshaya suggests a second tariff hike after nine months. - Aarti Drugs: The company is no longer subject to refusal of admission and has been removed from Import Alert 66-40 by the US FDA. - Zydus Life: Receives Nil observations after USFDA’s routine surveillance inspection at Changodar, Ahmedabad. --- 📍 Acquisitions & Sales - Fortis Healthcare: Acquires the entire business operations of Shrimann Superspecialty Hospital for ₹461 crore, further bolstering its presence in Punjab. - Bajaj Steel: Incorporates two wholly-owned subsidiaries in Brazil to expand its international presence. - Landmark Cars: Signs a dealership agreement with PCA Automobiles (Stellantis) to sell and service Citroën cars in Mumbai. - Bondada Eng: Acquires a new AAC Blocks manufacturing plant in Telangana, increasing operational capacity to 50,000 CM per annum. - Paytm: Completes the acquisition of a 25% stake in Seven Technology LLC, Delaware. --- 📍 Investments & Financials - BPCL: Finalizes a significant LNG sourcing agreement with ADNOC Trading, enhancing energy security and competitiveness. - Reliance Industries: HC rejects arbitral award favoring RIL in Krishna-Godavari-D6 Block case. - Rama Steel: Defers FPO proposal due to market conditions and delays, exploring alternative funding options. --- 📍 Regulatory Updates - Polymedicure: The U.S. welcomes India’s tariff cuts on various goods, including bourbon, motorcycles, ICT products, metals, and medical devices. - Ingersoll Rand: Delays operations at Sanand facility to August 2025 due to extended monsoon rains and operational/logistical factors. - Choice Broking: SEBI investigates Choice Broking on front-running suspicions; brokerage denies regulatory action. --- 📍 Miscellaneous - Manorama Industries: Cocoa stockpiles plunge to record lows, as chocolate makers grab available reserves to counter global shortages. - HEG: LNJ Bhilwara Group and Birla Cellulose collaborate to explore functional textiles with graphene. - Goldiam International: Opens its fourth store for lab-grown diamond jewelry retail in Mulund, Mumbai under the brand name “ORIGEM”. - Kwality Pharma: Successfully registers Cyclophosphamide 1gm for sale in Mexico, marking a milestone in its global healthcare efforts. Stay Updated 🚦