BPCL to build India’s largest green hydrogen unit

Bharat Petroleum Corporation Ltd (BPCL) is planning to build India’s largest green hydrogen plant, as it aims to achieve net-zero emissions for its operations by 2040. The company will set up a 20 megawatts (MW) electrolyzer at its refinery in Bina, Madhya Pradesh, to produce green hydrogen. BPCL is working on the details and expects to start establishing its net-zero roadmap by March 2022.

Read more here.

Thermax secures order worth Rs 830 crore to set up FGD systems

Thermax Ltd has secured an order worth Rs 830 crore from an Indian power sector company to set up flue gas desulphurisation (FGD) systems for three units in Uttar Pradesh. The FGD systems will be installed at the power company’s plant to cut down sulfur oxide emissions and comply with air quality standards. The scope of the order includes design, engineering, manufacturing, civil work, construction, and commissioning of the FGD systems. 

Read more here.

L&T Infotech enables large scale transformation for PIH Group

Larsen & Toubro Infotech (LTI) has partnered with Qatar-based Power International Holding (PIH) Group of Companies to enable large-scale digital transformation. As part of PIH’s digital transformation journey with LTI, 63 group companies spread across four business domains underwent a transformation of more than 250 processes.

Read more here.

JSW Steel’s subsidiary acquires a port and maritime services company

Piombino Steel Ltd, a subsidiary of JSW Steel, has acquired West Waves Maritime & Allied Services Pvt Ltd (WWMASPL) for a consideration of Rs 30.67 lakh. WWMASP is engaged in port and maritime services and trading of coal and steel products. Incorporated in 2014, the company reported an annual turnover of Rs 9.91 crore in FY21. The acquisition was done to reorganize and eliminate intercompany loans and simplify the group corporate structure. 

Read more here.  

Sun Pharma loses bid to avoid trial in Ranbaxy antitrust class

Sun Pharmaceutical Industries Ltd has lost a bid to avoid facing a trial over allegations that an Indian drugmaker it acquired engaged in an anticompetitive scheme to delay the launch of generic drugs by rivals. A US District Judge ruled that Sun Pharma failed to compellingly dispute claims by generic drug buyers that they were overcharged for medications as a result of a fraud Ranbaxy Laboratories perpetrated on US regulators.

Read more here.

Cadila Healthcare signs pact with Lorean Enzychem for DNA Covid-19 vaccine

Cadila Healthcare Ltd has entered into an agreement with South Korea’s Enzychem Lifesciences for its plasmid DNA vaccine ZyCov-D to prevent Covid-19. The deal encompasses manufacturing license and technology for such vaccines. The partnership will result in the manufacturing of 8 crore doses or more of the Covid-19 plasmid DNA vaccine in 2022.

Read more here.

BLS International’s subsidiary appointed as corporate BC of 2 banks

Starfin India, a subsidiary of BLS International Services Ltd, has been appointed as a corporate business correspondent (BC) of Punjab National Bank and Central Bank of India.  The company will deliver last-mile banking services in rural/semi-urban/urban/metro areas across India. Starfin will initiate more than 30 banking services such as enrollment of customers, debit cards, money deposits, statement of accounts, passbook printing, etc to account holders of both banks.

Read more here.

India, ADB sign $300 million loan to improve access to healthcare in urban areas of 13 states

The Government of India and the Asian Development Bank (ADB) have signed a $300 million (~Rs 2,235 crore) loan to strengthen and improve access to comprehensive primary healthcare in urban areas of 13 states. This move will benefit over 256 million urban dwellers, including 51 million from slum areas. The programme supports the Centre’s key health initiatives by expanding availability and access to quality primary healthcare services.

Read more here.

Indian Overseas Bank, Central Bank of India clarify on reports of privatisation

Indian Overseas Bank (IOB) and Central Bank of India (CBI) have informed the exchanges that there has been no information regarding the reported privatisation of the banks. Shares of the two state-owned banks rallied up to 20% today on the back of heavy volumes amid reports that the two financial institutions might be privatised. The Centre has shortlisted CBI and IOB for divestment, according to a report by a TV channel.

Read more here.

Latest

Advertisement