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SMC's weekly sector updates - IndiaNotes.com
SMC's weekly sector updates
SMC | Published: 29 Sep, 2017  | Source : IndiaNotes.com

Realty/ Construction


- NBCC (India) has received Letter of Intent (LoI) from Department of Customs and Excise, Government of India for Planning, Designing & Construction of 'Office complex and residential quarters at Customs Enclave Plot, Wadala, Mumbai' amounting to Rs. 3200 crore (approx) on self-revenue generation model.


- Power Grid Corp has started commercial operations of 1,500 Mw second pole of Champa-Kurukshetra high-voltage direct current line, which will improve power supplies to northern India. Punjab, Haryana, Uttar Pradesh, Rajasthan and adjoining areas would benefit from operationalisation of the second pole of the high voltage direct current (HVDC) power transmission link.


Pharmaceuticals


- Dr Reddy's Laboratories has received an Establishment Inspection Report (EIR) from the US health regulator for a unit of its Srikakulam plant in Andhra Pradesh.


- Zydus Cadilla has received final approval from the US health regulator to market indomethacin extended release capsules used in treating painful and inflammatory conditions such as arthritis. It will manufacture the drug at the Moraiya facility in Ahmedabad.


Engineering


- Gayatri Projects has bagged an Rs 1,483-crore irrigation project in Telangana. The order is part of Kaleshwaram Lift Irrigation project. This project is set to irrigate 18.47 lakh acres of land in various districts of Telangana and provide major boost to water intensive crops such as sugarcane and banana.


FMCG


- Dabur has signed an agreement with Amazon to sell its range of herbal and ayurvedic products in the US, Canada and Mexico. Under this partnership, Amazon Global Selling Program will help Dabur sell 30 products from its popular range such as Vatika hair oil, Meswak toothpaste and Chyawanprash to the consumers in these countries.


- Hindustan Unilever plans to sell premium tea through its own portal, marking its entry into the ecommerce business in India. Until now, the country's largest consumer goods company has been selling its products online through marketplaces such as Big Basket and Amazon.


Metals/Mining


- Essar Ports said its Rs 830 crore expansion plan to almost double the iron ore handling capacity to 23 million tonne per annum (MTPA) at Vizag port is nearing completion. After completion of the project, the loading capacity will increase to 120,000 tonnes per day (TPD) from 70,000 TPD.


- NALCO plans to diversify into areas like green power, caustic soda and merchant mining, which are "immune" to downturns in the metal market.


Insurance


- Reliance Capital is planning to launch a standalone health insurance venture. The company already offers health insurance products and the move to have a standalone offering is to increase retail presence in the already cluttered mediclaim segment.


Oil & Gas


- Reliance Industries has jumped five places to rank as the world's thirdbiggest energy company behind Russian gas firm Gazrpom and German utility E.ON, according to Platts Top 250 Global Energy Company Rankings.


- GAIL Limited has approached the ministry of Environment, Forest and Climate Change for setting up a 1-million-tonne per annum capacity Greenfield Petrochemical Complex in East Godavari of Andhra Pradesh.

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About SMC
SMC Research, founded in 1990, is India’s leading share and stock broker, provides a wide range of financial services and investment solutions. A blend of extensive experience, diverse talent and client focus has made us the 4th largest broking house in India(Source: Dun and Bradstreet, 2008). Over the years, SMC has expanded its operations domestically as well as internationally. Existing network includes regional offices at Mumbai, Kolkata, Chennai, Cochin, Ahmedabad, Jaipur, Hyderabad, Bangalore plus a growing network of 2100+ offices spread across 425 cities/towns in India.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.