Om Metals Infraprojects hit an upper circuit of 5% at Rs 24 after the company was declared the lowest bidder in a competitive bidding for tender value of about Rs 621 crore floated by the Punjab Government.
In a BSE filing made during market hours today, the company said that the company, in a joint venture, was declared as the L1 (lowest) bidder in competitive bidding process for Shahpurkandi Power House project worth approximately Rs 621 crore. The tender is for constructing two power houses, their appurtenant works an part of hydel channel of Shahpurkandi Dam Project on EPC mode from Water Resource Department, Government of Punjab.
Wednesday, December 23, 2020
On 18
th December 2020, the German Federal Assembly (Bundesrat) approved the law on the Agreement on a Unified Patent Court of 20
th June 2013 (UPC-Agreement) with the required two-thirds majority. It was the last puzzle piece for paving the way for a Unitary Patent System in Europe, which is now expected to be operational from 2022.
The entry into force of the UPC-Agreement was dependent on the ratification by the three Member States with the highest number of European patents, at that time Germany, France and the United Kingdom. France had already deposited its ratification in 2014 and the United Kingdom in 2018, but withdrew it in July 2020 due to Brexit. With its withdrawal from the European Union, the United Kingdom has refrained from participating in the establishment of a Unified Patent System.