Bafna Pharma gets UK nod to make Finasteride tablets

Drug firm Bafna Pharmaceuticals Ltd said it has received approval from UK Medicines and Healthcare products Regulatory Agency (MHRA) to manufacture Finasteride, used in the treatment of enlarged prostate gland.

The company will manufacture Finasteride in 5mg dosage, Bafna Pharmaceuticals said in a statement.

The approval from UK MHRA for Finasteride 5mg will enable the company to widen the customer base in Europe.

Finasteride 5mg tablet is a prescription-only medicine used for the treatment and control of benign prostatic hyperplasia in order to cause regression of an enlarged prostate and improvement of other symptoms.

On Monday, Bafna Pharma rose 1.59% to Rs47.80 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.90% up at 19,957.59 points.

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BHEL, GE India in JV for water-treatment solutions

State-owned power equipment maker Bharat Heavy Electricals Ltd (BHEL) today said it would join hands with GE India Industrial Pvt Ltd for manufacturing water-treatment equipment.

"BHEL and GE India Industrial, a 100% owned subsidiary of GE, USA, will jointly engineer and supply water treatment solutions for the Indian market," the company said in a statement.

According to the terms of the agreement, the joint venture will help BHEL acquire the capability to develop large water-treatment systems based on GE Products, on its own, it said.

Experts peg the domestic water treatment market during 2011-15 in power generation, potable water and waste water treatment at approximately Rs18,000 crore. Out of this, the power sector alone would require water treatment systems worth Rs8,000 crore.

On Monday, BHEL gained 0.64% to Rs2,271 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.90% up at 19,957.59 points.
 

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Tata Power plans to invest Rs5,000 crore in wind energy

Tata Power Ltd, which aims to produce at least 25% of its total power generation from clean sources by 2017, will invest around Rs5,000 crore in wind-energy. The company has targeted around 8,000MW of power to be generated from renewable energy resources.

Tata Power, which at present has a little over 200MW of wind capacity, plans to give thrust on wind-energy, as "it is the most commercially viable and established form of renewable energy," Tata Power's executive director (strategy and business development) Banmali Agrawala said.

The Ratan Tata-led firm is in the process of rolling-out 150MW of capacity, and another 750-800MW will be added at the rate of around 100-150MW annually through to 2017.

According to Agrawala, it costs around Rs6 crore to set up a facility to generate 1 MW of wind-power. In the solar segment, the company aims to have 300-400MW capacity by 2017. The first step will be taken by this year-end with the commissioning of a 3MW plant at Mulshi in Maharashtra, he said.

On Monday, Tata Power gained 2.25% to Rs1,342.45 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.90% up at 19,957.59 points.
 

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