Market Commentary - Stock Alert
Tata Power, DLF, Aurobindo Pharma, JSW Steel in focus As on : 31-Mar-23  08:31

Tata Power Company: Tata Power Solar Systems (TPSSL), wholly owned subsidiary of Tata Power Renewable Energy (TPREL), has received the letter of award (LoA) of Rs 1,755 crore for setting up 300 MW Domestic Content Requirement (DCR) based EPC project for NLC India.

DLF: DLF announced that CRISIL Ratings has upgraded the rating on the long term (LT) bank facilities of the company at 'CRISIL AA/Stable' from 'CRISIL AA-/Positive' and reaffirmed the short term (ST) rating at 'CRISIL A1+'.

Aurobindo Pharma: Aurobindo Pharma said that it has signed voluntary sub-licensing with Medicines Patent Pool for developing and marketing Cabotegravir tablets & long acting injectables, for the prevention of HIV in 90 low and middle-income countries, including India.

Lupin: The USFDA inspected Lupin's Pithampur Unit-2 manufacturing facility from 21 March to 29 March 2023. The inspection closed with issuance of a Form-483 with ten observations.

JSW Steel: The company has been declared as a “Preferred Bidder” for an auction of two coal mines in Chattisgarh and one in Jharkhand.

Bharat Electronics: The Ministry of Defence (MoD) has signed two contracts worth of Rs 2696 crore with Bharat Electronics to bolster the defence capabilities of the country.

Alembic Pharmaceuticals: Alembic Pharmaceuticals on Thursday announced that it has received final approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA), Brimonidine Tartrate Ophthalmic solution.

G R Infraprojects: The civil construction company said that it has received letter of acceptance (LoA) from the National Highways Authority of lndia (NHAI) for hybrid annuity mode projects in the state of Karnataka, Maharashtra and Uttar Pradesh.

PDS: PDS announced that one of its subsidiary PDS Ventures, which is based in Hong Kong, has proposed acquisition of an additional equity stake of 11% in Upcycle Labs, a company incorporated and registered in England and Wales.

Aether Industries: Aether Industries said that it has executed a letter of intent (LoI), effective on 29 March 2023 with Saudi Aramco Technologies Company, Saudi Arabia.

Gujarat Ambuja Exports: Gujarat Ambuja Exports announced successful commissioning of 100 tons per day (TPD) sorbitol unit at its existing unit of Sitarganj, Uttarakhand.

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