Month: September 2007

Panacea Biotec has inaugurated its greenfield construction vaccine formulation plant (VFP) in Baddi, Himachal Pradesh. The plant has been commissioned with several filling lines for bacterial and viral vaccines complying with WHO, cGMP norms for liquid vaccines in pre-filled syringes, liquid & lyophilized Vaccines in vials. The total production capacity of this facility is one billion doses per annum.

The company has also unveiled its new corporate identity on the occasion and the new identity displays a pole star and tag-line-innovation in support of life.

Sadbhav Engineering has been awarded the following project for contract price of Rs 245.24 crore for the work removal of over burden of first dig (solid) by hiring of HEMM such as excavators, dumpers, drills, dozers, graders and water tankers for composite work consisting of blast hole drilling, blasting, excavation, loading, transportation of broken rocks / soil / earth, dumping, spreading etc.

Complete including unloading spreading dozing, water sprinkling, grading etc. by mechanical means as per instruction of engineer in charge at specified places at Bina Extn OCP of Northen Coalfield (NCL).

Gremach Infrastructure Equipments & Projects has taken 75% controlling stake in 11 coal mine licenses in Mozambique having an aggregate 13,520 hectares in prime region of Moatize. This region falls in Karoo basin which is recognized as prime hard coking coal bearing area in Africa. There is a global shortage and crisis of hard coking coal and this will add huge value to the profitability of the company.

The company is planning to start prospecting of the area in the month of October, 2007 and will be complete by mid 2008. Expected reserves in the above mines are more than 200 million. With this acquisition, the company has entered into the list of selected club of few Indian companies like JSW, Tatas and Gujarat NRE Coke which has mines outside India.

The company’s group company Austral Coke & Projects is into manufacturing of low ash met coke and this acquisition will give raw material security which is a normal practice in Australia where Japanese and Chinese have invested for in-house captive consumption.

The board of Jai Corp has approved the proposal for acquisition of the manufacturing units of Pet Fibres producing PP HDPE woven sacks and bags and the manufacturing unit of prime wovens producing PP HDPE woven sacks, jumbo bags and PP staple fibres.

The board of Jai Corp has appointed Anand Jain as an additional director of the company.

Hindustan Construction Company has announced that Alpine-Samsung-HCC JV i.e. Alpine Mayreder Bau GMBH (ALPINE) – Samsung Corporation (SAMSUNG) and the company has been awarded a contract for design and construction of two underground stations and tunnel between New Delhi station and Talkatora Garden, from Delhi Metro Rail Corporation Lid, New Delhi.

The value of the contract is Rs 693.61 crore plus Euros 1.457 crore. The total value of the contract is Rs 774.64 crore. The company’s share in the total value of the contract is 33% i.e. Rs 255.63 crore.

Ansal Properties & Infrastructure has entered into joint venture / strategic sales with Pearl Global, for setting up a cyber park on about 8 acres of land on NH-8 at a very strategic location with an expected sales value of about Rs 350 to Rs 400 crore.

The company has entered into joint venture / strategic sales with Ashiana Retirement Village, for developing a group housing meant for senior citizens, to which about 14 acres of land in its Lucknow project has been sold.

Further, the company has entered into joint venture / strategic sales with Globosport India whereby they will provide sports infrastructure and coaching facilities at its Lucknow project and other places, wherein Mahesh Bhupati and Gaurav Natekar, renowned tennis players, will be involved.