IL&FS Transportation Networks Ltd said its joint venture has emerged as the lowest bidder for the Andhra Pradesh Road Development Corp’s (APRDC) Narketpally-Addanki-Medarametla road (SH-2) project. The estimated cost of the project is Rs1,196.84 crore.
Mumbai-based IL&FS Transportation in a 50:50 joint venture with Hyderabad-based Ramky Infrastructure Ltd will construct the four laning of Narketpally-Addanki-Medarametla road in Andhra Pradesh under public-private partnership (PPP) on build, operate, and transfer (BOT) basis. The project is on toll basis with a concession period is 24 years including construction period of 910 days. The company shall receive a viability gap grant of Rs467.02 crore for the project by APRDC. The company has also received a letter of award from APRDC for the project.
IL&FS Transportation Networks shares ended Tuesday 3.44% up at Rs269.30 on the Bombay Stock Exchange, while the benchmark Sensex closed 2.71% down at 16,022.48 points.
Allahabad Bank said it appointed AB Bhattacharjee, as general manager (finance and accounts) and chief financial officer (CFO).
On Tuesday Allahabad Bank shares ended 3.73% down at Rs151.15 on the Bombay Stock Exchange, while the benchmark Sensex closed 2.71% down at 16,022.48 points.
Aurobindo Pharma Ltd has said that it has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Valacyclovir Hydrochloride tablets 500 mg (base) and 1 g (base).
Valacyclovir Hydrochloride tablets, which falls under the anti-infective therapeutic category are used for the treatment of cold sore, genital herpes and shingles in adult patients and chicken pox in pediatric patients 2-18 years of age.
On Tuesday Aurobindo Pharma shares ended 2.46% down at Rs847.80 on the Bombay Stock Exchange, while the benchmark Sensex closed 2.71% down at 16,022.48 points.