By Bharat Heavy Electricals Ltd has made a remarkable stride by securing two major orders, each worth over ₹3,500 crore. These orders have been placed by Adani Power and Mirzapur Thermal Energy for setting up thermal power projects in Raipur, Chhattisgarh, and Mirzapur, Uttar Pradesh, respectively.
The projects, both involving the establishment of 2X800 MW Thermal Power Plants, mark a significant boost to BHEL’s order book. The substantial value of these contracts not only enhances BHEL’s revenue prospects but also strengthens its position as a leader in the thermal power sector.
IEX has reported an impressive performance in its monthly update for May. The company’s total volumes surged by 28.9% year-on-year to 10,633 million units. Particularly noteworthy is the green market volume, which saw a remarkable 73.9% increase to 622.2 million units. Additionally, electricity volumes were up 21% from the previous year, totaling 9,568 million units.
The Day-Ahead Market volumes also showed growth, rising by 7.5% to 4,371 million units, while the real-time electricity market experienced a 38.3% year-on-year increase, reaching 3,352 million units. These figures reflect IEX’s robust operational performance and its growing dominance in the energy trading market.
Century Textiles, through its real estate venture Birla Estates Pvt. Ltd., has entered into a joint venture with Barmalt India Pvt. Ltd. This partnership aims to develop a luxury residential group housing project in Sector 31, Gurugram.
The land parcel, spanning 13.27 acres, offers a development potential of nearly 2.4 million square feet and a revenue potential of approximately ₹5,000 crore. This strategic collaboration is poised to significantly contribute to Century Textiles’ revenue streams and reinforces its footprint in the lucrative real estate sector.
Torrent Pharmaceuticals has taken a strategic leap by entering into a non-exclusive patent licensing agreement with Takeda Pharmaceuticals. This agreement allows Torrent to commercialize Takeda’s novel gastrointestinal drug in India under the trademark Kabvie. The Indian market for GERD treatments, valued at ₹8,064 crore, presents a substantial opportunity for Torrent, potentially driving significant revenue growth and enhancing its market share in the pharmaceutical sector.
Uno Minda has announced a joint venture with Inovance Automotive to strengthen its e-four-wheeler product portfolio. This collaboration focuses on manufacturing and selling high voltage category EV products for passenger and commercial vehicles in India. As the country steadily moves towards electric mobility, this joint venture positions Uno Minda favorably in the burgeoning EV market, promising long-term growth and innovation.
NBCC has informed the exchanges about receiving multiple work orders worth ₹491.45 crore. These orders are a testament to NBCC’s strong project execution capabilities and will likely contribute positively to its future revenue and market positioning.
Unichem Laboratories has settled the Sunosi patent litigation with Axsome Thera, removing a significant legal hurdle. This settlement allows Unichem to focus on its core operations without the distraction of ongoing litigation, thereby stabilizing its business environment.
Concord Biotech has received the EU GMP certificate for Unit II of its Valthera facility in Gujarat from Ireland’s health products regulatory authority. This certification not only enhances Concord Biotech’s credibility but also opens up new market opportunities in Europe, potentially driving substantial business growth.
