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Glenmark gets USFDA nod for ear drops 

Pharma major Glenmark has received the final approval from United States Food and Drug Association (USFDA) for Fluocinolone Acetonide Oil, 0.01 per cent. The stock was trading 0.81 per cent higher. 

Fluocinolone Acetonide Oil, 0.01 per cent (Ear Drops), a generic version of DermaOtic Oil, 0.01 per cent (Ear Drops) of Hill Dermaceuticals, Inc. The IQVIA sales data for the 12-month period ending October 2018 suggests that DermaOtic Oil, 0.01 per cent (Ear Drops) achieved annual sales of approximately $18.1 million in the US market. 

Glenmark Pharmaceuticals is engaged in the development of new chemical entities (NCEs) and new biological entities (NBEs). It has approximately seven molecules, over two NCEs and approximately five NBEs in various stages of pre-clinical and clinical development. It is focused on developing and marketing branded and generic formulations.

Bombay Dyeing plans to close Indonesian biz 

The company has signed an agreement to shut down its loss-making subsidiary in Indonesia. The stock reacted to this development and was locked in its upper circuit limit in Tuesday's morning session. 

The company's board has approved and consented the closure of its subsidiary PT Five Star Textile Indonesia (PTFS) on Monday. The expected date of completion of closure is December 31, 2019. The unit has incurred losses for many years. All financial risks arising from this subsidiary have already been provisioned for, stated the company. The company had reported an exceptional item of Rs 18.88 crore for the half-year ended September 2018 compared to Rs 17.12 crore in the corresponding period year ago. 

Bombay Dyeing operates in three major business segments, retail textile, realty and polyester. The company's retail textile division offers linens, towels home furnishings and clothing products through multi-brand stores and across more than 350 exclusive stores. The company's realty division has two mixed use projects in Mumbai and the polyester division manufactures of 100 per cent virgin Polyester Staple Fibre & Textile grade PET Chips. 

J Kumar Infra receives LoA 

J Kumar Infraprojects, a Mumbai based infrastructure company, announced that it secured a new order in the capital city of Delhi for road construction from the National Highway Authority.

The company has received letter of acceptance (LoA) for construction of Dwarka Expressway from Shiv Murti intersection at km 20 of NH - 8 till rail under Bridge (RUB) near Dwarka sector - 21, from km 0.800 to km 5.300 package - I in the state of Delhi on EPC mode amounting to Rs 1,349 crore. In recent times, this is the third large order that the company has received. As per the annual report published in March 2018, the overall order book of the company stood at Rs 7,480 crore.

J Kumar Infra is an engineering construction company engaged in the business of execution of contracts of various infrastructure projects including Transportation Engineering, Irrigation Projects, Civil Construction and Piling 

Power Mech secures order worth Rs 245 crore 

Power Mech Projects, an engineering and construction company, received two orders in Tamil Nadu and Karnataka for different capacity of thermal power plants. 

The first order includes structural and architectural works of main plant area of Unit 1 at 2x800 MW Uppur Super Critical Thermal Power Project, Ramanathapuram District, Tamil Nadu for a total contract value of Rs 136 crores to be completed within a period of 30 months, said the company in a release to the exchanges. While the other order of worth Rs 109 crore includes contract for operation and maintenance of 2x800 MW Coal based Yeramarus Thermal Power Station for a period of 30 months at Chikkasugur, Raichur District, Karnataka. The total worth of these orders are Rs 245 crore. 

Power Mech Projects is an engineering construction company providing integrated service in erection, testing and commissioning (ETC) of boilers, turbines and generators and balance of plant (BOP), civil works and operation and maintenance (O&M). 

Skipper wins orders worth Rs 150 crore 

Skipper, manufacturer of power transmission and distribution structures, has bagged an order worth Rs 150 crore for 2,500 towers from multiple telecom operators. 

Most of these towers would be added to the telecom sector in eastern India. Additionally, the company has also received an order amounting to US$5 million for telecom towers to be supplied to Latin America. 

Skipper Limited is an integrated transmission tower manufacturing company. The company is engaged in production of angle rolling, tower, accessories and fastener manufacturing and also engineering, procurement and construction (EPC). The company's main products include engineering products and polyvinyl chloride (PVC) products. 

Havells India to invest Rs 1,500 crore in 5 years 

Havell’s India Limited has firmed up plans to invest Rs 1,500 crore in five years, including Rs 360 crore in the AC manufacturing unit under brand Lloyd. The management is planning to start an air conditioner unit in Ghilot in Rajasthan, about 100 km from Delhi, which will be operational by March 2019. It will have a capacity of about 6 lakh units a year, initially. 

Also, the company plans to invest in the expansion of its R&D facility in Bengaluru. The design studio and research facility with a focus on Internet of Things (IoT) applications hiring at least 100 engineers and researchers. 

In addition to a total of Rs 450 crore invested this fiscal, Havells is planning to spend Rs 1,000 crore in the next four years on expanding and strengthening its presence in lighting, motors and pumps, consumer products, industrial segment, geysers, ACs etc. 

NTPC acquires Barauni Thermal Power Station 

NTPC Limited acquired Barauni Thermal Power Station (720 MW) in District Begusarai, Bihar. The company acquired the power station from Bihar State Power Generation Company Limited (BSPGCL) effective from December 15, 2018. 

The 720 MW coal-based power station has 2 units of 110 MW each (under R&M) and 2 units of 250 MW each, which are still under construction. The units of the power station would gradually get operational. The project has linked Badam Coal Block, which is also part of the transfer scheme. 

Transfer of Barauni Thermal Power Station has been completed by NTPC and BSPGCL in accordance with the ‘The Bihar Power Generation Undertakings Transfer Scheme 2018’ notified by Government of Bihar on June 27, 2018 and amendment dated December 14, 2018. 

Earlier, the company had participated for 85 MW solar capacities and won the entire capacity bid at a levelized tariff of Rs 3.02/unit, applicable for 25 years. This 85 MW solar projects shall be set up by NTPC, which would add to its installed capacity