Orient Cement commissions 3 MTPA cement plant in Karnataka

Orient Cement has commissioned and started commercial production at its new greenfield integrated cement plant from September 26, 2015. The new project, located near Chittapur, District Gulbarga, Karnataka has an installed capacity of 3.0 million tonnes per annum (MTPA). With the commissioning of this new unit, the total installed capacity of the company has increased

RBI increases FII limit in Supreme Industries to 30%

Reserve Bank of India (RBI) has increased foreign institutional investors’ (FIIs) investment limit in Supreme Industries to 30% of its paid-up capital. RBI has notified that FIIs/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 30 per cent (revised from default 24 per cent) of the paid up capital of Supreme Industries under the

Arvind’s arm opens second GAP store in Bengaluru

Arvind Lifestyle Brands, a subsidiary of textiles major Arvind, has opened the second GAP store in the country in Bengaluru’s Orion Mall. The company is planning to garner revenue of Rs 1000 crore in the next five years from GAP. GAP is a well-known, aspirational brand in India that enjoys a huge fan following and

Mafatlal Industries to open 90 ‘Family Shops’ in 3 years

Mafatlal Industries (MIL) is planning to open 90 ‘Family Shops’ to increase its retail outlets to 200 in the next three years. The company has recently opened a new showroom in Agra and another two will come up at Puducherry and Nadiad (Gujarat) next month. The company has integrated manufacturing facilities at Nadiad and Navsari

Dr. Reddy’s launches Esomeprazole Magnesium Delayed-Release Capsules in US

Dr. Reddy’s Laboratories has launched ESOMEPRAZOLE Magnesium Delayed-Release Capsules USP, 20 mg and 40 mg, a therapeutic equivalent generic version of NEXIUM (Esomeprazole Magnesium) Delayed-Release Capsules in the US market on September 25, 2015, following the approval by the United States Food & Drug Administration (USFDA). The NEXIUM (Esomeprazole Magnesium) Delayed-Release Capsules brand and generic

ITC aims to garner Rs 18,000 crore revenue from agri division by FY21

ITC is aiming to garner revenue of Rs 18,000 crore from its agri division in the next five years, driven mainly by procurement and retail initiatives in rural markets. The company expects the agri business division to have a turnover of Rs 6,500 crore in the ongoing fiscal, up from Rs 5,672.07 crore in the

NTPC to commission first unit of Lara thermal project by March 2017

NTPC is planning to commission first unit of 800 MW of its 4,000-MW Lara thermal project in Chhattisgarh by March 2017. The project, which would have a total capacity of 4,000 MW, is expected to see an overall investment of about Rs 30,000 crore. Power generated from the Lara project will be supplied to Chhattisgarh,

CARE upgrades rating assigned to bank facilities of Dr Agarwal’s Eye Hospital

Credit rating agency, CARE has upgraded the rating assigned to the bank facilities of Dr Agarwal’s Eye Hospital. The credit rating agency has upgraded the rating of the long term bank facilities of the company to ‘BBB+’ from ‘BBB’ for a value amounting to Rs 33.26 crore enhanced from Rs 24.79 crore. Dr Agarwals Eye

National Plastic Industries wins PLEX Council award

National Plastic Industries (NPIL) has been honoured with the excellent performance in exports of Plastic Furnitures by Plastic Export Promotion Council (PLEX Council). The company was felicitated by PLEX Council in a grand ceremony held at Grand Hyatt Hotel in Mumbai for being the Largest Exporter of Plastic Furniture for the year 2014-15. National Plastic

Suzlon Group bags orders for a combined capacity of 105 MW

The Suzlon Group, one of the leading wind turbine manufacturer, has bagged orders for a combined capacity of 105 MW. These orders have been bagged from a mix of SME customers & PSU customers in this quarter. The company will install a total of SOWTGs (Wind Turbine Generators) of its proven 2.1 MW product platform