Epic Updates

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Sesa Goa has reported the unaudited consolidated production release for the fourth quarter (Q4) and full year ended (FY 2013) as on March 31, 2013. In Q4, the production of pig iron and metallurgical coke were 75% and 48% higher at 104,000 tonnes and 94,000 tonnes, respectively, due to the new capacities commissioned in Q2 FY2013.
 
Epic Update : Crompton Greaves

Crompton Greaves has inked technology licensing pact with Bridgelux, a Solid State Lighting (SSL) pioneer based in Livermore, California, for the company’s LED light engine, optics and luminaire expertise.
 
Epic Update : Bang Overseas

Bang Overseas’ long term bank facilities worth Rs 12 crore. The rating agency has also assigned ‘A4+’ rating to the company’s short term bank facilities worth Rs 30 crore.
 
Epic Update : BHEL

Bharat Heavy Electricals (BHEL), a state-run power equipment maker’s subsidiary – Bharat Heavy Plates and Vessels (BHPV) has recorded a turnover of Rs 243.52 crore during 2012-13. This is an increase of 56.36% compared to Rs 155.80 crore posted by the company during the last fiscal.
 
Epic Update : Sterlite Technologies

Sterlite Technologies, a leading global provider of connectivity and infrastructure solutions for the power and telecom industries has received new orders valued at approximately Rs 630 crore in Q4FY13. The orders booked were sourced from a diversified customer base with varying delivery schedules, most of which would be executed over the course of FY14.
 
Epic Update : Prism Cement

Prism Cement and German-based Ardex has formed a joint venture company Ardex Endura to set up plants in Bangalore and Durgapur, West Bengal, this year to meet the growing demand in the South, especially in Tamil Nadu and North-East. In this regard, the companies will invest Rs 40 crore.
 
Epic Update : South Indian Bank

South Indian Bank’s certificate of deposits worth Rs 4,000 crore. The bank has received the said rating reaffirmation on the back of its long track record of operations, comfortable capitalization levels and profitability parameters, good asset quality and stable growth in the business.
 
Epic Update : Shasun Pharmaceuticals

Shasun Pharmaceuticals, a global pharmaceutical contracting organization offering world class capabilities and facilities to provide services and manufacturing at every scale across the whole drug development lifecycle and Debiopharm Group (Debiopharm) a Swiss-based global biopharmaceutical group with a focus on the development of innovative prescription drugs that target unmet medical needs, entered into a licensing agreement for the manufacturing and commercialization of Huperzine-A.
 
Epic Update : Sterlite Industries

Sterlite Industries (India) has registered 16% growth in Mined metal production at 260,000 tonnes in Q4FY13 as compared to corresponding prior period, which is in line with the annual mine plan. Full year production was 870,000 tonnes, 5% higher than the previous year.
 
Epic Update : Maruti Suzuki

Maruti Suzuki India registered a surge of over 10% in its car sales for the month of March at 1.2 lakh units as against 1.09 lakh units in February 2013.
 
Epic Update : Nitesh Estates

Nitesh Estates has proposed launch of its plotted development project ‘Nitesh Long Island’ spread across 41 acres of land at Devanahalli, Bangalore abutting NH-07 and NH-207, the proposed Hyderabad-Bengaluru-Chennai bypass corridor. The total project sales will be in tune of Rs 178 crore. Nitesh Long Island provides easy commute to the city Centre, airport and all major existing and upcoming economic hubs.
 
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