Supreme Infra wins contract worth Rs77.7 crore

Supreme Infrastructure India Ltd said it has received a contract for construction of residential accommodation for army at Hisar in Haryana. The project cost is Rs77.7 crore and is expected to be completed in 27 months.

The scope of work includes construction of around 161 units of six flats each totalling to 966 flats, the company said in a statement.

The company has also achieved the financial closure for its build, operate and transfer (BOT) project for the four laning of Manor Wada Bhiwandi road in Thane, Maharashtra. The concession agreement for this project was signed earlier in February this year. The project, awarded by Public Works Department (PWD), Maharashtra, is about Rs430 crore. Supreme Manor Wada Bhiwandi Infrastructure Pvt Ltd, the subsidiary of Supreme Infrastructure India Ltd, has already infused equity to the tune of Rs56 crore.

On Thursday, Supreme Infra shares ended 2.2% down at Rs284 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.4% to 19,417 points.

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Elder Health Care signs in-licensing agreement with POLA Chemical Industries

Elder Health Care Ltd said it signed an in-licensing agreement with Japan-based POLA Chemical Industries to introduce POLA's cosmetic products in India.
EHCL will launch "Bihaku" whitening range viz white wash, white lotion, white gel and white mask through the over the counter (OTC) as well as dermatologist/cosmetologists route in the next two months.

The organised skin care segment, currently valued at Rs2,300 crore, is growing at 20%. EHCL is targeting sales to the tune of Rs7 crore from Bihaku products by the fifth year of launch.

On Thursday, Elder Health Care shares shed 3.6% to Rs89 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.4% to 19,417 points.

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Bodal Chemicals enters agrochemicals sector

Bodal Chemicals Ltd, a manufacturer and seller of dye and dye intermediates, announced its entry into agrochemicals sector by floating a wholly owned subsidiary called Bodal AgroTech. The newly formed company will also set up a single super phosphate (SSP) plant involving an investment of Rs31 crore.

The SSP plant will have a capacity of 3.5 million tonnes per annum (MTPA). It is expected to be ready in 18 months of ground-breaking. The plant, when fully operational, is expected to generate a turnover of Rs240 crore per year, Bodal Chemicals said in a statement.

Bodal AgroTech will also produce NPK mixed fertilisers (nitrogen-phosphorous - potassium) that is used in different concentrations for various crops.

On Thursday, Bodal Chemicals shares ended 3.8% down at Rs33 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.4% to 19,417 points.

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