• Nestle gives Rs20 crore to Ambuja Cements for destroying Maggie
Nestle India has paid Rs20 crore to Ambuja Cements for destroying Maggi instant noodles, which were found to be harmful for human consumption by the food regulators in the country.
Ambuja Cements, formerly known as Gujarat Ambuja Cements, is believed to have been paid the amount for burning the recalled packets of Maggi noodles at its cement plant in Chandrapur in Maharashtra..
• IRB Infra receives Letter of Award from NHAI
IRB Infrastructure Developers Ltd has informed that the Company has now received Letter of Award from NHAI for the project of Six Laning of Agra-Etawah Bypass section of NH-2 (from km 199.660 to km 323.525) in the State of Uttar Pradesh under NHDP Phase-Von BOT (Toll) mode ('the Project)'.
• TRIL gains on receiving order from Gujarat Energy Transmission
Transformers And Rectifiers (India) Ltd (TRIL), rose nearly 6%, touching to Rs275, after the company said that it has received the order amounting to Rs124 crore from Gujarat Energy Transmission Corporation. With this order, company's order book as on date stands around Rs 900 crore, Transformers and Rectifiers (India) said.
• Suprajit Engineering acquires 72,85,018 shares of Phoenix Lamps
Suprajit Engineering Ltd has informed that this is in regard to the open offer made by the company to the shareholders of Phoenix Lamps Limited for acquiring 72,85,018 shares, the offer was opened on June 22, 2015 and closed on July 03, 2015.
• NHPC to set up 4 hydroelectric projects in Darjeeling
NHPC to set up 4 hydroelectric projects with a total generation capacity of 293 MW in the Teesta Basin of Darjeeling. – Positive read through
• BHEL to build 400 MW power station for $400 million in Ghana
Bharat Heavy Electricals Limited ( BHEL), to build a 400 MW power station at $ 400 million in Ghana. A MoU was signed between The Sol Group Limited, a United Kingdom (UK) based Development Company and BHEL. Positive read-thru.
