Dynamatic Technologies Ltd, the engineering products manufacturer, said it started deliveries of first set of air frame structures for India's largest defense program, Sukhoi-30 MKI fighter bomber, from its new facility in Nasik.
The company recently commenced the transfer of assembly work of air frame structures for the Sukhoi-30 MKI fighter bomber from its production facilities in Bengaluru to a new facility provided by Hindustan Aeronautics Ltd (HAL) at Nasik.
The assembly transfer, which is expected to be complete by August 2010, will enable Dynamatic to offer greater production support to HAL due to its strategic location at the customer's doorstep, it said in a regulatory filing.
The space freed at Dynamatic's aerospace production facilities in Bengaluru, by the assembly transfer, will be utilised by the company for its export initiatives.
On Wednesday, Dynamatic shares ended 1.4% up at Rs1,009, while the benchmark Sensex closed at 0.3% up at 17,462 points.
Hyderabad-based biopharmaceutical company Suven Life Sciences Ltd said it secured two product patents from Japanese Patent Office (JPO) for its new chemical entities (NCE's) which is for the treatment of disorders associated with neurodegenerative diseases. The patents are valid till 2022. With these a total of three Japanese product patents are granted to Suven, the company said in a statement to the exchanges.
According to the invention patent disclosure, the compounds are useful in the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimer's disease, attention deficient hyperactivity disorder (ADHD), Huntington's disease, Parkinson and Schizophrenia. These granted patents are exclusive intellectual property of Suven and are achieved through the internal drug discovery research efforts. Products out of these inventions may be out-licensed at the stage of clinical phase-I or phase-II, it added.
On Wednesday, Suven shares ended 4.9% higher at Rs29 on the Bombay Stock Exchange, while the benchmark Sensex closed at 0.3% up at 17,462 points.
Mumbai-based PBA Infrastructure Ltd said it won a contract, worth Rs14.33 crore from Maharashtra Industrial Development Corporation (MIDC).
PBA would construct WMM road with asphalt treatment including central road divider and allied work at IT Park-II (Phase-I) at Nagpur (Butibori) Industrial Area.
On Wednesday, PBA Infrastructure shares ended 0.3% up at Rs75 on the Bombay Stock Exchange, while the benchmark Sensex closed at 0.3% up at 17,462 points.