Read more about Adani Enterprises consolidated net profit rises 282% in March quarter on Business Standard. Adani Enterprises on Wednesday reported 282.2 per cent rise in consolidated net profit at Rs 233.95 crore for the quarter ended March 31, 2021.
Cadila Healthcare on Friday announced that it has received final approval from the USFDA to market Propafenone Hydrochloride extended release capsules.
Propafenone is known as an anti-arrhythmic drug. It works by blocking the activity of certain electrical signals in the heart that can cause an irregular heartbeat. The drug will be manufactured at the group s formulation manufacturing facility at the SEZ, Ahmedabad.
The group now has 315 approvals and has so far filed over 400 ANDAs since the commencement of the filing process in FY 2003-04.
Shares of Cadila Healthcare were trading 0.85% higher at Rs 556.95 on BSE.
Cadila Healthcare is a global pharmaceutical company that discovers, develops, manufactures and markets a broad range of healthcare therapies.
Torrent Power rose 1.43% to Rs 389.65 after the company said it secured a long-term power purchase arrangement (PPA) for 300 MW capacity of solar power generation.
The project will be set up in Gujarat at an estimated cost of Rs 1,250 crore. It is expected to be commissioned within 18 months from the PPA date. The PPA term is 25 years from the scheduled commercial operation date.
The company s aggregate operational renewable power capacity is 786.50 MW, of which 648.5 MW is wind power and remaining 138 MW is solar power.
A total of 515 MW renewable power capacity is under development, of which 115 MW is wind power and remaining 400 MW is solar power.
Cadila Healthcare Ltd is quoting at Rs 562.8, up 1.18% on the day as on 12:49 IST on the NSE. The stock is up 69.8% in last one year as compared to a 53.8% jump in NIFTY and a 43.83% jump in the Nifty Pharma.
Cadila Healthcare Ltd is up for a fifth straight session today. The stock is quoting at Rs 562.8, up 1.18% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.2% on the day, quoting at 14324.8. The Sensex is at 47824.23, up 0.25%. Cadila Healthcare Ltd has gained around 30.53% in last one month.
Meanwhile, Nifty Pharma index of which Cadila Healthcare Ltd is a constituent, has gained around 13.41% in last one month and is currently quoting at 13426.9, up 0.57% on the day. The volume in the stock stood at 107.27 lakh shares today, compared to the daily average of 87.93 lakh shares in last one month.
Adani Enterprises has incorporated a wholly-owned subsidiary, Mundra Petrochem (MPL), on 19 April 2021.MPL is registered with the Registrar of Companies, Gujarat at Ahmedabad on 19 April 2021 and it is yet to commence its business operations.
It was incorporated with the object to set up various feedstock (coal, petcoke, coke, limestone, salts, sand, tar, oil, LPG, LNG, ethane, LPG, green fuels etc.) based refinery, petrochemical and chemical plants in a phased manner in India and to undertake all such activities associated with land acquisition, design & engineering, procurement, construction, power & infrastructure management, sale & marketing, trading, O&M, security management and other related undertakings.