RPP Infra bags orders worth Rs340 million

RPP Infra has won order worth Rs163 million from Indira Gandhi Centre for Atomic Research, Kalpakkam for construction of roads, storm water drainage and other miscellaneous works in Kalpakkam Phase II unit

RPP Infra Projects Ltd has bagged two orders worth Rs340 million from Indira Gandhi Centre for Atomic Research, Kalpakkam and Andaman Public Works Department (APWD), respectively.

The company has won order worth Rs163 million from Indira Gandhi Centre for Atomic Research, Kalpakkam under the Government of India Department of Atomic Energy for the construction of roads, storm water drainage and other miscellaneous works in Kalpakkam Phase II unit. The order shall be completed within 10 months.

It has also won another contract from Andaman Public Works Department worth Rs180 million to carry out the sea wall protection work at Mus, Car Nicobar in Andaman & Nicobar Islands. The period of contract is for 16 months.

P Arulsundaram, CMD, RPP Infra Projects Ltd said, “Currently, we are executing projects in Kalpakkam Phase I unit & earlier, we have done Tsunami Projects in Andaman & Nicobar Islands. I feel that this will be very useful in using our expertise to complete the projects in time.”

On Tuesday, RPP Infra closed at Rs62.55 per share on the Bombay Stock Exchange, 0.08% up from the previous close.

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Glenmark gets FDA tentative nod for anti-asthma tablets

Glenmark Generics should be able to launch the product upon patent expiry in August 2012

Glenmark Pharmaceuticals said it has received tentative approval from the US health regulator to market its generic Montelukast Sodium tablets used for treating asthma and seasonal allergies.

Glenmark Generics Inc has received tentative approval from the United States Food and Drug Administration (USFDA) for Montelukast Sodium tablets in the strength of 10 mg, Glenmark Pharmaceuticals said in a filing to BSE.
"Glenmark Generics should be able to launch the product upon patent expiry in August 2012," it added.

The tablets are generic version of Merck's Singulair tablets, Glenmark said, adding that as per IMS health data Singulair tablets in the strength of 10 mg recorded sales of $3.2 billion for the 12 months ended September 30,2011.

The company presently has 73 products authorised for distribution in the US market and has over 40 abbreviated new drug applications (ANDAs) pending approval from USFDA, Glenmark said.

On Tuesday, Glenmark closed at Rs317.05 per share on the Bombay Stock Exchange, 1.96% up from the previous close.

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Bharti Airtel inks services contract with Ericsson

Under the five-year multi-technology managed services agreement, Ericsson will operate, maintain and provide services across 15 of Bharti Airtel's networks in India

Telecom equipment-maker Ericsson said it has signed a five-year deal to provide managed services for Bharti Airtel's India operations for an undisclosed amount.
Under the five-year, multi-vendor, multi-technology managed services agreement, Ericsson will operate, maintain and provide services across 15 of Bharti Airtel's networks in India, Ericsson said in a statement.

In addition, Ericsson will also take responsibility for the intelligent network that manages Bharti Airtel's pre-paid customer base, it added.

"With India emerging as the third-largest internet market and a multi-fold growth in data traffic on the back of a rising number of smartphones, wireless networks need to be ready for the data revolution that has only just begun," Bharti Airtel CEO (India and South Asia) Sanjay Kapoor said.

This partnership will help Airtel focus on creating a compelling service proposition for customers as it looks at ramping up its market access for next generation services on 3G and 4G, he added.

The two companies had inked a five-year managed services contract in July this year for the Africa operations of Bharti Airtel.

The 15 telecom circles under the scope of the partnership include Delhi, Jammu and Kashmir, Haryana, Punjab, Himachal Pradesh, Uttar Pradesh West and UP East, Rajasthan, the North Eastern states, Assam, Karnataka, Andhra Pradesh, Tamil Nadu, Chennai and Kerala.

"The rapid increase in customer numbers and the network complexities due to multiple technology overlays defines the need for a renewed focus on differentiated user experience," Ericsson India Head Fredrik Jejdling said.

On Tuesday, Bharti Airtel closed at Rs373.45 per share on the Bombay Stock Exchange, 3.8% down from the previous close.
 

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