Infrastructure company, Marg Ltd said it signed a memorandum of understanding (MoU) with Spain-based PYCSA Infraestructuras SL to develop urban and rural infrastructure projects. The companies will create a special purpose vehicle to bid for projects. No financial details were provided.
With this, Marg and PYSCA will bid as a consortium for public and private projects in water management, transport infrastructure, environment engineering and related sectors, first in India and later in other mutually agreed upon geographical areas.
The Chennai-based company would also invite PYCSA for providing technical consultancy for its own projects in the water management domain.
On Tuesday, Marg shares declined 0.4% to Rs199 on the Bombay Stock Exchange, while the benchmark Sensex closed flat at 20,345 points.
Pharma company Lupin Ltd said its US subsidiary Lupin Pharmaceuticals Inc received US Food and Drug Administration (USFDA) approval for its Suprax (Cefixime) chewable tablets of 100mg, 150mg and 200mg strength.
Suprax is a drug to treat urinary tract infections in children, the company said in a statement.
On Tuesday, Lupin shares ended flat at Rs444 on the Bombay Stock Exchange, while the benchmark Sensex 0.1% down at 20,345 points.
Power utility JSW Energy Ltd said it received approval from its board to develop a 660MW power plant at Vijayanagar in Karnataka at an estimated cost of Rs3,300 crore. The project will be funded with a debt-equity ratio of 3:1, JSW Energy said in a statement.
The company also received board approval to create a special purpose vehicle for its 240MW Kutehr hydroelectric power project being develop at Chamba district in Himachal Pradesh, it added.
On Tuesday, JSW Energy shares declined 0.7% to Rs118 on the Bombay Stock Exchange, while the benchmark Sensex 0.1% down at 20,345 points.