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Thomas Cook (India) update on step down subsidiary in Mauritius

Adani Green Energy gains on commissioning 150 MW Solar Power Plant at Kutchh

Adani Green Energy rose 1.75% to Rs 1,014.45 after the company said its subsidiary has commissioned 150 MW solar power plant, three months ahead of scheduled date of commissioning.Adani Solar Energy Kutchh One, a step-down subsidiary of Adani Green Energy (AGEL) has commissioned 150 MWac solar power project. Despite all the challenges of global pandemic COVID-19, unprecedented rain and flood in Kutchh, Gujarat, continuing with the Group's commitment to nation building, the team of experts made it possible to commission the project 3 months prior to its scheduled commissioning date.
This plant has a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL) at Rs 2.67/kWh for a period of 25 years. With this commissioning, AGEL's total operational renewable capacity grows to 3,125 MW.

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Laurus Labs arm incorporates wholly-owned unit

The pharmaceutical ingredients maker said that its wholly-owned subsidiary, Laurus Synthesis, incorporated a subsidiary by the name of Laurus Ingredients with effect from 9 January 2021.Laurus Ingredients, a step-down subsidiary of Laurus Labs, will undertake ingredients business and will also set up greenfield projects for new synthesis business. The announcement was made after market hours yesterday, 11 January 2021.
Laurus Labs' consolidated net profit surged 328.4% to Rs 242.27 crore on a 59.9% increase in net sales to Rs 1,138.84 crore in Q2 September 2020 over Q2 September 2019.
Shares of Laurus Labs rose 0.50% to Rs 351.90. Laurus Labs is one of the leading manufacturers of API for anti-retroviral (ARV), oncology, cardiovascular, anti-diabetics, anti-asthma, and gastroenterology.

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