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Alembic Pharma's Panelav unit gets EIR from USFDA

Alembic Pharma's Panelav unit gets EIR from USFDA

by | Sep 28, 2024 | Share Market


Last Updated : Sep 28 2024 | 1:16 PM IST

Alembic Pharmaceuticals announced that the United States Food and Drug Administration (USFDA) had issued an establishment inspection report (EIR) for its oral solid formulation facility (F-1) located in Panelav, Gujarat.

Earlier, on 26 July 2024, the pharmaceutical company informed that it had successfully completed the USFDA inspection of its Oral Solid Formulation Facility (F-I) in Panelav.

This scheduled GMP inspection was completed without any form 483 observations. The inspection had been conducted from 17 July 2024 to 26 July 2024.

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Alembic Pharmaceuticals is in the business of development, manufacturing, and marketing of Pharmaceuticals products i.e. Formulations and Active Pharmaceutical Ingredients.

 

The pharmaceutical companys consolidated net profit increased 11.69% to Rs 134.71 crore in Q1 FY25 as compared to Rs 120.60 crore posted in Q1 FY24. Revenue from operations grew 5.09% year on year (YoY) to Rs 1,561.73 crore in the quarter ended 30 June 2024.

Shares of Alembic Pharma shed 0.27% to settle at Rs 1,192.65 on Friday 27 September 2024.

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First Published: Sep 28 2024 | 1:02 PM IST



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Alembic Pharma's Panelav unit gets EIR from USFDA

Bajel Projects wins first data centre order

by | Sep 28, 2024 | Share Market


Last Updated : Sep 28 2024 | 12:31 PM IST

Bajel Projects announced that it had successfully entered the emerging data centre segment by securing its first order from an upcoming data centre service provider.

The order involves the design and construction of a 220/33kV gas-insulated switchgear (GIS) substation and transmission line extension for a colocation data centre in Navi Mumbai, Maharashtra.

This project, underscores Bajels strategic entry into the rapidly growing data center market driven by Indias digital transformation, increasing demand for data storage and processing capabilities, it added.

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Bajel will leverage its extensive expertise in design, engineering, procurement, and construction (EPC) to deliver critical power infrastructure solutions. The project will incorporate a combination of lattice towers and monopoles, conductors, and other essential components like the GIS substation, ensuring reliable, efficient, and continuous power supply.

 

Bajel is committed to completing this project within the stipulated timeframe, executing it with strict adherence to quality and safety standards. This commitment will further solidify Bajels reputation for safety and operational excellence, as stated in a press release.

Rajesh Ganesh, MD & CEO of Bajel Projects said, “The exponential growth of data centers in India, fuelled by cloud adoption, e-commerce, digital services and localization, presents a compelling opportunity for us. We’re strategically building capabilities in GIS and Monopoles to become a trusted partner for data center developers in their pursuit of reliable and sustainable power infrastructure.”

Bajel Projects (BPL) is a leading company in the business of power infrastructure, with a strong presence in the Power Transmission and Power Distribution sectors. BPL was formerly part of Bajaj Electricals under the EPC segment.

The company reported standalone net profit of Rs 5.52 crore in Q1 FY25 as against net loss of Rs 1.70 crore posted in Q1 FY24. Net sales stood at Rs 505.69 crore in Q1 FY25, steeply higher than Rs 197.26 crore reported in Q1 FY24.

Shares of Bajel Projects fell 0.14% to end at Rs 254.40 on Friday, 27 September 2024.

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First Published: Sep 28 2024 | 12:11 PM IST



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Alembic Pharma's Panelav unit gets EIR from USFDA

Saksoft acquires Bangalore-based Salesforce Summit Partner 'Ceptes Software'

by | Sep 28, 2024 | Share Market


Last Updated : Sep 28 2024 | 11:50 AM IST

Saksoft announced the acquisition of Ceptes Software, a recognized expert in Salesforce services, headquartered in Bengaluru, Karnataka.

Saksoft stated that it anticipates the transaction will be closed within 4 weeks pending customary closing conditions. This strategic acquisition will significantly help Saksoft expand its capabilities around Salesforce solutions, cloud innovation, and customer experience optimization.

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Ceptes with its 15+ years of experience and as a Salesforce Summit Partner, leverages Salesforce’s full ecosystem, from Sales Cloud and Service Cloud to advanced platforms like Einstein AI and Data Cloud, helping businesses optimize their processes and enhance customer engagement.

 

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First Published: Sep 28 2024 | 11:30 AM IST



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Alembic Pharma's Panelav unit gets EIR from USFDA

Ola Electric plans to double its service network by Dec'24

by | Sep 28, 2024 | Share Market


Last Updated : Sep 28 2024 | 11:16 AM IST

To provide quick-service guarantee from 10 October 2024

Ola Electric announced #HyperService campaign to further strengthen its service network and provide a technology-led, best-in-class after-sales experience. As part of the campaign, the company will double its company-owned service network to 1,000 centres by December 2024.

The company also announced its EV Service Training Program with the aim of training 1 lakh third-party mechanics under the ‘Network Partner Program’. This industry-first initiative is aimed at accelerating EV
penetration and making every mechanic EV-ready across India.

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Starting on 10 October 2024, the company will provide a quick-service guarantee, in a phased manner. Customers – whose service case takes longer than one day – will be provided with a backup Ola S1
scooter, giving them a stress-free service experience. Additionally, customers with Ola Care+ subscription will be eligible for Ola cabs coupons which will be valid until their request is resolved.

 

Additionally, with the #HyperService campaign, Ola Electric will deploy AI-powered proactive maintenance and remote diagnostics for a one-of-a-kind ownership experience. These AI features will detect issues
even before they arise, thereby addressing them proactively at customers’ doorstep. Ola Electric will rollout these AI features to all Ola customers starting 10 October 2024.

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First Published: Sep 28 2024 | 10:58 AM IST



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Alembic Pharma's Panelav unit gets EIR from USFDA

Bajel bags its maiden order in the data center segment

by | Sep 28, 2024 | Share Market


Last Updated : Sep 28 2024 | 11:04 AM IST

To design and construct 220/33 KV GIS Substation & Transmission line extension work

Bajel Projects announced its successful foray into the nascent data centre segment securing its first order from an upcoming data center service provider. Bajel has bagged an order for the design and construction of a 220/33 KV Gas Insulated Substation (GIS) Substation and transmission
line extension for a colocation data center in Navi Mumbai.

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First Published: Sep 28 2024 | 10:46 AM IST



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Alembic Pharma's Panelav unit gets EIR from USFDA

Oriental Rail Infra bags order worth Rs 1.79 cr

by | Sep 28, 2024 | Share Market


Last Updated : Sep 28 2024 | 11:04 AM IST

Oriental Rail Infrastructure announced that it has secured order worth Rs 1.79 crore from integral coach factory (ICF), Chennai, Indian Railways.

The project entails supply and installation of 13 sets of seats and berths with hardware for LWS PP coach.

The cost of the project is Rs 1,79,01,780 and it is to be executed within 27 October 2024.

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The company said that the delivery is to be made to furnishing Depot/ICF, chennai. Further, 90 % of payment to be received against inspection certificate issued by the nominated inspection agency as specified in the contract and proof of dispatch/delivery of the material and balance 10 % after receipt, inspection and acceptance of the goods, it added.

 

Oriental Rail Infrastructure is engaged in manufacturing, buying and selling of all type recron, seat & bearth, compreg boards and also trading of timber woods and all its products. The company operates only in one segment i.e Indian Railway products. As on 31 March 2019, the company had 1 wholly owned subsidiary, namely Oriental Foundry.

The companys consolidated net profit grew 7.7% to Rs 5.86 crore on 32.6% jump in net sales to Rs 123.06 crore in Q1 FY25 over Q1 FY24.

Shares of Oriental Rail Infrastructure declined 2.37% to settle at Rs 280.45 on Friday, 27 September 2024.

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First Published: Sep 28 2024 | 10:43 AM IST



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