DSIJ Mindshare

In addition to this, due to the challenges and restrictions, its important customer segment that is ‘hotel, restaurant, and catering’ (HoReCa) segment also faced several challenges during the first quarter.

Key indicators such as aggregate bank deposits, bank credits, LIC premium, and CPI general index showed gains over the last year's values.

On the operational front, the sales volume declined 28 per cent on a YoY basis to 6.28 million tonnes in the first quarter of FY21. The resultant decline in the operating profit was 60 per cent over the same period last year to Rs 750 crore.

Avantel, a small-sized telecom equipment manufacturer, informed on Friday that it has signed a contract worth Rs 96.76 crore with IHQ, MoD (Indian Navy), for the supply of communication equipment for Indian Naval ships. Looking at its annual revenue of Rs 52 crore for FY20, this order is of quite a significance to the company.

Alembic has a total of 130 ANDA approvals, out of which, 113 are final approvals while 17 have tentative approvals from USFDA.