NHPC, Satia Industries and Dr. Reddy’s Laboratories to see some action today

NHPC has signed a letter of intent (LoI) to build renewable energy projects of 10,000 MW in Rajasthan. A Letter of Intent has been signed between NHPC and Rajasthan Renewable Energy Corporation (RRECL) on February 8, 2022 at Jaipur for development of 10,000 MW Renewable Energy Projects/ Parks in Rajasthan.

Satia Industries has commissioned Paper Machine 4 having an installed capacity of one lakh tonne per annum, with an investment of Rs 500 crore. Out of the total investment of Rs 500 crore, Rs 300 crore was raised through debt and the rest through internal accrual.

Dr. Reddy’s Laboratories has launched its authorized generic version of Par Pharmaceutical’s VASOSTRICT (vasopressin injection, USP) Vials in the U.S. Market approved by the U.S. Food and Drug Administration (USFDA). The VASOSTRICT brand market had U.S. sales of approximately $878.5 million MAT for the most recent twelve months ending in December 2021 according to IQVIA Health. Dr. Reddy’s Vasopressin Injection, USP, is supplied in a carton of 25 single-dose vials each containing vasopressin 1 mL at 20 units/mL.

Bosch has received approval from board of directors for investment in Zeliot Connected Services upto 14% of its Paid -up capital. Bosch has been working extensively in the connected mobility environment and is creating a digital mobility ecosystem that has safety and sustainability at its core. The investment will enhance Bosch's role in the mobility landscape through offerings on digital platforms in the personalized and connected mobility.

Tata Motors has launched the 'DARK' edition of its premium hatchback Altroz, priced at Rs 7.96 lakh (ex-showroom Delhi), to mark two years of launch of the model in the country. The company has added the DARK edition to its XT and XZ+ (diesel) trims. Altroz comes in six variants with both petrol and diesel engine options.

Ramky Infrastructure’s wholly owned subsidiary -- HYDERABAD STPS has executed a concessionaire agreement with Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB), Hyderabad for execution of Construction of 6 STPs of 480.50 MLD Capacity (Decentralized) along South of Musi River under Sewerage Improvement Project of Sewerage Master Plan of Hyderabad Urban Agglomeration area under Hybrid Annuity Mode of contract including O&M for 15 years-Package II.

Tata Power Company has reported results for third quarter ended December 31, 2021. The company has reported a fall of 91.53% in its net profit at Rs 48.67 crore for the quarter under review as compared to Rs 574.52 crore for the same quarter in the previous year. Total income of the company decreased by 6.59% at Rs 2,202.14 crore for Q3FY22 as compared Rs 2,357.46 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported a rise of 73.32% in its net profit at Rs 551.89 crore for the quarter under review as compared to Rs 318.41 crore for the same quarter in the previous year. Total income of the company increased by 43.05% at Rs 11,018.73 crore for Q3FY22 as compared Rs 7,702.84 crore for the corresponding quarter previous year.