Force Motors - Auto sales update for August 2020
The defence arm of Larsen & Toubro, India's leading EPC Projects, Manufacturing, Defence and Services conglomerate, has been awarded a Significant Contract by the Indian Ministry of Defence (MoD) for the Supply of four Regiments of Pinaka Weapon Systems.
The contract involves supply of Pinaka Launchers, Battery Command Posts and associated Engineering Support Package (ESP) for four Regiments. The Pinaka Launch system has been indigenously developed by L&T as part of Pinaka development program of Defence Research Et Development Organization (DRDO, ARDE) and functions as a high tech, all weather, long range, area fire artillery weapon system.
The contract is classified as significant which carries a value between INR 1,000 to INR 2,500 Cr.
KEC International has secured new orders of Rs. 1,401 crore across its various businesses:
Transmission & Distribution:
The T&D business including SAE Towers has secured orders of Rs. 1,143 crore for various T&D projects from Oman Electricity Transmission Company (OETC), Power Grid Corporation of India Ltd. (PGCIL) and other customers.
The Railways business has secured orders of Rs. 120 crore for Overhead Electrification (OHE)/Civil works in India.
The Smart Infra business has secured orders of Rs. 48 crore in the Defence segment in India.
The Cables business has secured orders of Rs. 90 crore for supply of various types of cables/cabling projects in India and overseas.
Strides Pharma Science today announced that its step-down wholly owned subsidiary, Strides Pharma Global Pte. Limited, Singapore, has received approval for Prednisone Tablets USP, 1 mg from the United States Food & Drug Administration (USFDA). The product is a generic version Meticorten® Tablets, 1 mg of Schering Corporation.
According to IQVIA MAT July 2020 data, the US market for Prednisone Tablets USP, 1 mg is approximately US$ 12 Mn. The product will be manufactured at the company’s flagship facility at Bengaluru and will be marketed by Strides Pharma Inc. in the US market.
The company has 126 cumulative ANDA filings with USFDA of which 89 ANDAs have been approved and 37 are pending approval.
NBCC has signed the MoU with Election Commission of India for Planning, Designing and Construction of “Office Building in Dwarka, New Delhi” on September 01, 2020 wherein NBCC will work as Project Management Consultant.
The likely estimated cost of the project would be Rs. 150 crores.
Valecha Engineering receives contract work from Southern Railway.
- Work Nature: MAS- AJJ Section: Reconstruction of Bridge 9R at Km 1/30-34 consisting of 3 x 48.00m clear span with bow string girder between Chennai
- Value: INR 35.76 crores
- Time Period: 13 months
- Terms: The project is on schedule rate awarded in brief contract as per Bill of Quantity (BOQ) mode. The payment is made as per RA Bills against execution of actual quantity.
The Strategic Engineering Division (SED) of the Company has signed the Pinaka 3 contract with the Ministry of Defence, Government of India. Pinaka Multi Barrel Launcher Rocket System is an all-weather indirect fire artillery rocket system.
- Value of contract: INR 490 Crores
- Time period: 31 Months after accord of Bulk Production Clearance (BPC) after the First off Production Model (FOPM) (which has timeline of 6 months after contract signing) is validated and BPC is granted
Dr. Reddy’s Laboratories today announced the launch of Methylphenidate Hydrochloride Extended-Release Tablets USP, 18 mg, 27 mg, 36 mg and 54 mg, a therapeutic equivalent generic version of Concerta® (methylphenidate Hydrochloride) Extended-Release Tablets, 18 mg, 27 mg, 36 mg, and 54 mg, approved by the U.S. Food and Drug Administration (USFDA).
The Concerta® brand and generic market had U.S. sales of approximately $1.159 billion MAT for the most recent twelve months ending in June 2020 according to IQVIA Health.
Dr. Reddy’s Methylphenidate Hydrochloride Extended-Release Tablets, USP are available in strengths of 18 mg, 27 mg, 36 mg, and 54 mg tablets in bottle count sizes of 100.
- JSPL’s Standalone Steel sales up by 37% (YoY) in August 2020.
- JSPL’s consolidated Steel production (Inc. Pig iron) up by 21 % (YoY)in August 2020.
- Export Contributed to 42% of total sales volumes
- World’s First Coal Gasification based DRI plant at JSPL Angul has recorded highest ever Gas based DRI production with over 72% of rated capacity in August 2020
India’s leading Infrastructure conglomerate in the Steel, mining & Power sector, Jindal Steel & Power Limited has recorded a 38% (YoY) growth in consolidated Steel Sales (Inc. Pig iron) with 8,36,000 tonnes in August 2020 against Consolidated Steel sales of 6,06,000 tonnes in the previous year. JSPL’s Consolidated Steel Production (Inc. Pig iron) stood at 8,25,000 tonnes with a growth rate of 21% (YoY) in comparison to 6,81,000 tonnes of Consolidated Steel production in the previous year.
JSPL’s standalone Steel Production rises by 18% (YoY( with 6,25,000 tonnes (Inc. Pig iron) in August 2020 in comparison to 5,29,000 tonnes of Steel production in the previous year. JSPL’s standalone sales (Inc. Pig iron) also increase by 37% (YoY) with 6,82,000 tonnes in August 2020 as compared to 4,96,000 tonnes of standalone steel production in the previous year.
Steel Exports contributed to 42% of the total sales volumes. JSPL’s Barbil Pellet plant achieved the best-ever production of 7,00,600 tonnes of pellets in the month of August 2020, which is the highest ever monthly production figure since its inception.
Zydus Cadila received final approval from the USFDA to market Midodrine Hydrochloride Tablets (US RLD- ProAmatine Tablets) in the strengths of 2.5 mg, 5 mg, and 10 mg.
The drug is used for certain patients who have symptoms of low blood pressure when standing. This condition is also known as orthostatic hypotension. The drug will be manufactured at the group’s formulation manufacturing facility at SEZ, Ahmedabad.
The group now has 298 approvals and has so far filed over 390 ANDAs since the commencement of the filing process in FY 2003-04.
iGTB, a Global Transaction Banking platform from Intellect Design Arena, today announced that Samba Financial Group, one of the region's largest and most acclaimed financial services groups, has selected iGTB’s Digital Transaction Banking (DTB) solution.
The bank has selected DTB to power its digital transformation initiatives to strengthen its corporate offering and help attract more customers. The solution will help the bank become more competitive, streamline internal processes and, in turn, generate additional revenue streams.
Full read: Intellect Design Arena expands to Saudi Arabia.pdf (1.04 mb)
Tata Motors - Domestic sales update for August 2020
GAIL India Limited has entrusted the Project for the execution of PDH/PP project at Usar, Maharastra to Engineers India Limited. Engineers India shall execute this project as "EPCM Consultancy Services for 500 KTA PDH-PP Project". The project involves setting up of PDH and PP plant at Usar and pipeline from Usar to Uran and Storage facilities at Uran.
The estimated order value is Rs.448 Crores with a total project completion schedule of 48 months.
Lupin Limited announced the launch of Leflunomide Tablets USP, 10 mg and 20 mg, having received an approval from the United States Food and Drug Administration (U.S. FDA) earlier. The product would be manufactured at Lupin’s Pithampur (Unit I) facility in India.
Leflunomide Tablets USP, 10 mg and 20 mg, is the generic equivalent of Arava® Tablets, 10 mg and 20 mg, of Sanofi-Aventis U.S. LLC., and is indicated for the treatment of adults with active rheumatoid arthritis (RA).
Leflunomide Tablets USP (RLD: Arava®) had an annual sales of approximately USD 42 million in the U.S. (IQVIA MAT June 2020).
NCC has received six new orders totaling to Rs. 1,548 crore (exclusive of GST) in the month of August, 2020. Out of this, one order of Rs. 959 crore pertains to Water Division and second order of Rs. 262 crorc pertains to Building Division and balance four orders of Rs. 327 crore pertain to Electrical Division. These orders are received from state government agencies and do not include any internal orders.
Steel Strips Wheels confirms export orders for over 139,000 wheels for US Caravan Trailer Market to be executed in a period of 4 months from its Chennai plant.
Total value is around 1.17 million USD.
Zydus Cadila has received final approval from the USFDA to market Cisatracurium Besylate Injection USP (US RLD: Nimbex ®) in the strength of 20 mg (base)/10 mL (2 mg/mL) Multiple-Dose Vial.
Cisatracurium Besylate is a nondepolarizing skeletal neuromuscular blocker for intravenous administration. It is an adjunct to general anaesthesia to facilitate tracheal intubation in adults and in paediatric patients 1 month to 12 years of age and to provide skeletal muscle relaxation in adults during surgical procedures or during mechanical ventilation in the ICU. The drug will be manufactured at Liva plant of Cadila Healthcare Limited.
The group now has 297 approvals and has so far filed over 390 ANDAs since the commencement of the filing process in FY 2003-04.
Bajaj Auto - Auto sales update for August 2020