Alstom T&D India gets Rs150 crore order from Jaypee for power transformers

Alstom would design and commission the thermal power project in Uttar Pradesh for Jaypee group

Alstom T&D India Ltd has secured a contract worth around Rs150 crore from the Jaypee Group for the thermal power project (3 x 660 MW) in Uttar Pradesh.

Alstom would design, manufacture, supply, erect, test and commission the 765kV generator transformers, interconnecting transformers, lines and bus reactors. The company said the transformers and reactors for this project would be manufactured at its facility at Vadodara.

Managing director Rathin Basu said, “We are very pleased to embark on this project with Jaypee Group, demonstrating our expertise for 765kV extra high voltage level transmission products and solutions. This project reinforces our leadership in the domain, having already been selected for around 60% of the 765kV projects in India. We look forward to supporting India, with our locally-manufactured world class products, as the region continues to develop its power transmission network.”

Alstom shares closed Wednesday 0.36% down at Rs178.85 per share on the Bombay Stock Exchange.

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Strides Arcolab gets FDA nod for Vancomycin oral capsules

The product will be launched immediately through Alvogen on a profit share basis

Strides Arcolab said it has received approval from the US FDA for Vancomycin Hydrochloride capsules, 125 mg and 250 mg. It is an antibacterial indicated to treat infections that include C. difficile-associated diarrhoea and enterocolitis caused by Staphylococcus aureus.

The product will be launched immediately through Alvogen on a profit share basis.

Strides Arcolab’s shares closed at Rs631.90 per share on the Bombay Stock Exchange, up 6.02% from its previous close.

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ICICI Prudential MF launches new capital protection oriented fund

The new fund would invest a portion of the portfolio in good quality debt securities and money market instruments

ICICI Prudential Mutual Fund has launched ICICI Prudential Capital Protection Oriented Fund II - Series XI - 12 Months, a close-ended income scheme. The tenure of the scheme is 373 days.

The investment objective of the scheme is to seek to protect capital by investing a portion of the portfolio in good quality debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities.

The minimum subscription amount is Rs5,000. The new fund offer closes 12th April 2012.

The benchmark index for the scheme is CRISIL MIP Blended Index. The fund managers are Chaitanya Pande (debt portion) and Rajat Chandak (equity portion).

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