Suzlon crosses 5,000 MW of wind power installations

Wind turbine manufacturer, Suzlon Energy Ltd (SEL) said it has crossed 5,000 MW of cumulative installations in India, underlining the strong momentum in India's fast growing wind energy market.

This cumulative power generation capacity has the potential to light up 4 million homes annually. Suzlon has cumulatively added over 5,000 MW of wind power capacity for over 1,500 customers in India across 40 sites in eight states.

On Friday, Suzlon shares gained 1.1% to Rs54 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.9% up at 20,045 points.
 

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Aurobindo gets FDA nod for three generic antibiotic injections

Drug firm Aurobindo Pharma Ltd said it received final approvals from the US health regulator to sell multiple strengths of its generic ampicillin and sulbactam for injections.

The company said, the US Food and Drug Administration (USFDA) has approved its three Abbreviated New Drug Applications (ANDA) for ampicillin and sulbactam antibiotic injections that are used for treatment of skin infections, abdominal and gynecological infections.

 "The product has a market size of about $50 million according to IMS Health as of June 2009 and is ready for launch," the company said.

With these approvals, the company's penicillin sterile injectable formulation facility in Hyderabad, now has five injectable products approved by USFDA. Aurobindo has a total of 126 ANDA approvals (97 final approvals and 29 tentative approvals) from USFDA.

On Friday, Aurobindo Pharma shares rose 1.5% to Rs1,062 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.9% up at 20,045 points.
 

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Hero Motors partners with Magna Steyr to manufacture powertrain in India

Hero Motors Ltd, a part of the Hero Group, and Magna Steyr India Pvt Ltd, a co-operation between Magna Steyr and Magna Powertrain, said they have entered a business development and technical assistance agreement. No financial details were provided.

As part of the agreement, Hero Motors and Magna Steyr India will co-operate in the development of new product lines, including drivetrain assemblies for the global recreation market as well as the India automotive industry.

"The alliance uniquely positions Hero Motors to provide end-to-end solutions for powertrain products worldwide," said Pankaj Munjal, managing director, Hero Motors. "As a player in the automotive industry for drivetrain systems, Hero felt the need for an alliance which would enhance our service capability to the customer by including design competence, advanced engineering and project management to our already existing manufacturing excellence."

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