Nihar Info Global wins order from NEDCAP

Nihar Info Global Ltd said it received a work order from Non- Conventional Energy Development Corporation of Andhra Pradesh Ltd (NEDCAP) for implementation of IBM File Net Solution. No financial details were provided.

On Tuesday, Nihar Info Global shares ended flat at Rs2 on Bombay Stock Exchange, while the benchmark Sensex closed 0.3% lower at 17,971 points.

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Investment & Precision Castings sets up new company

Investment & Precision Castings Ltd said it formed a new subsidiary titled as I&PCL Vacuum Cast Ltd, to manufacture vacuum investment castings.

On Tuesday, Investment & Precision Castings shares ended 1% down to Rs154 on Bombay Stock Exchange, while the benchmark Sensex closed 0.3% lower at 17,971 points.

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Cerebra Integrated to set up e-waste recycling unit in alliance with Cimelia

IT solutions provider Cerebra Integrated Technologies Ltd said it partnered with Singapore-based Cimelia Resource Recovery to set up what it claims to be India's largest e-waste recycling unit. The company would set up the proposed unit on 10 acres of land in Bangalore with an investment Rs50 crore.

The alliance will help Cerebra to double its e-waste management capacity to 60,000 tons from 30,000 tons annually. It aims to achieve a turnover of Rs250 crore in financial year 2013 with a profit margin of 25%, said the company in a regulatory filing.

On Tuesday, Cerebra Integrated shares ended 1.7% up at Rs23 on Bombay Stock Exchange, while the benchmark Sensex closed 0.3% lower at 17,971 points.

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