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Tuesday, April 1, 2008
Sunil Hitech bags order worth Rs 1006.80 Millions
Sunil Hitech Engineers Ltd has informed that the Company has bagged projects amounting to Rs 1006.80 Millions which constitutes Structural works of 2x500MW, NTPC, Ennore, Tamilnadu worth Rs 902.20 Millions & Structural works at Bellary worth Rs 104.60 Millions through M/s. JSW Steel.
The total tonnage to be executed in above orders is approx. 42500MT which involves fabrication & erection of Structures. With this Company has reached to an unexecuted Order Book Position of Rs 8239.42 Millions. The above jobs are to be completed within the time frame of 15 to 36 Months. Sunil Hitech is involve in building various projects including this two, which will generate around 1300MW & in total 20000 MW in near future.
The total tonnage to be executed in above orders is approx. 42500MT which involves fabrication & erection of Structures. With this Company has reached to an unexecuted Order Book Position of Rs 8239.42 Millions. The above jobs are to be completed within the time frame of 15 to 36 Months. Sunil Hitech is involve in building various projects including this two, which will generate around 1300MW & in total 20000 MW in near future.
Tata Consultancy Services Wins 5-Year Multi-Million Dollar Deal as ArvinMeritor''s Global Engineering
Tata Consultancy Services Ltd (TCS) on March 31, 2008 has announced that it has signed a five-year, multi-million dollar contract to be the global engineering partner of ArvinMeritor (NYSE: ARM), a premier global supplier of a broad range of integrated systems, modules and components to the motor vehicle Industry.
As part of the agreement, TCS will support the localization and globalization efforts of ArvinMeritors engineering capabilities including product development and support for specific product lines in the Asia Pacific region. TCS will set up a global engineering center in Pune, India that will provide a broad range of product engineering services to cater to the global needs of ArvinMeritor with a specific focus on the Asian market.
ArvinMeritor will be focusing on the Asia Pacific region where we are experiencing tremendous growth, explained Tom Watson, Vice President, Engineering & Technical Planning, Light Vehicle Systems, ArvinMeritor. While our current engineering workforce serves us well in Western Europe and North America, our growth objectives require expansion of our engineering footprint. Automotive capability, domain knowledge, proven track record, global presence, robust collaboration processes and commitment to our success were important parameters in the selection of a suitable partner and TCS was the clear choice.
Regu Ayyaswamy, Vice President, Engineering and Industrial Services, TCS said, We are pleased to be chosen as ArvinMeritors engineering partner as part of their global growth strategy. As ArvinMeritor extends its current competencies to new product categories through use of electronics and control technologies, TCS along with its Group Company INCAT will deliver end-to-end comprehensive solutions to support ArvinMeritor. Our Global Network Delivery Model™ will seamlessly ensure that. ArvinMeritor experiences certainty in all aspects of our relationship in any part of the globe.
TCS Engineering and Industrial Services (EIS) business unit provides a wide spectrum of engineering enterprise solutions across diverse industry verticals from Aerospace to Utilities. It helps customers drive information integration across their value streams to include the engineering of products and production facilities, and the efficient management of capital assets and production. Operating for the last two decades, EIS brings a powerful combination of vision, skills, know-how, alliances, and delivery capabilities to bear on each program delivered.
As part of the agreement, TCS will support the localization and globalization efforts of ArvinMeritors engineering capabilities including product development and support for specific product lines in the Asia Pacific region. TCS will set up a global engineering center in Pune, India that will provide a broad range of product engineering services to cater to the global needs of ArvinMeritor with a specific focus on the Asian market.
ArvinMeritor will be focusing on the Asia Pacific region where we are experiencing tremendous growth, explained Tom Watson, Vice President, Engineering & Technical Planning, Light Vehicle Systems, ArvinMeritor. While our current engineering workforce serves us well in Western Europe and North America, our growth objectives require expansion of our engineering footprint. Automotive capability, domain knowledge, proven track record, global presence, robust collaboration processes and commitment to our success were important parameters in the selection of a suitable partner and TCS was the clear choice.
Regu Ayyaswamy, Vice President, Engineering and Industrial Services, TCS said, We are pleased to be chosen as ArvinMeritors engineering partner as part of their global growth strategy. As ArvinMeritor extends its current competencies to new product categories through use of electronics and control technologies, TCS along with its Group Company INCAT will deliver end-to-end comprehensive solutions to support ArvinMeritor. Our Global Network Delivery Model™ will seamlessly ensure that. ArvinMeritor experiences certainty in all aspects of our relationship in any part of the globe.
TCS Engineering and Industrial Services (EIS) business unit provides a wide spectrum of engineering enterprise solutions across diverse industry verticals from Aerospace to Utilities. It helps customers drive information integration across their value streams to include the engineering of products and production facilities, and the efficient management of capital assets and production. Operating for the last two decades, EIS brings a powerful combination of vision, skills, know-how, alliances, and delivery capabilities to bear on each program delivered.
Accentia Technologies acquires 51% stake in Oak Technologies Inc, USA
Accentia Technologies Ltd has informed that the Company has acquired 51% stake in Oak Technologies Inc, USA. In an All Cash Deal, the Company has acquired 51% stake in Oak Technologies Inc, USA (OTI, U.S.A) an Integrated Services Provider in the filed of Healthcare Receivables Management Operating from US and Several Locations in India.
Through this acquisition, Accentia got into its fold a global workforce numbering 700.
OTI, U.S.A. has 5 units operational in U.S.A and India. In India, OTI has its presence in
Hyderabad, Nagpur and Bhubaneshwar.
Accentia plans to build on its acquired OTI base through aggressive Human Resource development over the next 2 years. Accentia plans to add about 2000 more personnel at the above-mentioned locations. Accentia aims at a HR pool of 5500 by the end of 2008-09 financial year.
Commencing on the above, the CEO and Director of Accentia Technologies, Mr. Pradeep Viswambharam, stated that, through the current acquisition, which is an all cash deal, the Company has put in place the internal accruals in a synergistic operational investment and the current acquisition paves the way for enlarging our manpower base to meet the increasing order book pipe-line, besides catering to the existing customers.
Through this acquisition, Accentia got into its fold a global workforce numbering 700.
OTI, U.S.A. has 5 units operational in U.S.A and India. In India, OTI has its presence in
Hyderabad, Nagpur and Bhubaneshwar.
Accentia plans to build on its acquired OTI base through aggressive Human Resource development over the next 2 years. Accentia plans to add about 2000 more personnel at the above-mentioned locations. Accentia aims at a HR pool of 5500 by the end of 2008-09 financial year.
Commencing on the above, the CEO and Director of Accentia Technologies, Mr. Pradeep Viswambharam, stated that, through the current acquisition, which is an all cash deal, the Company has put in place the internal accruals in a synergistic operational investment and the current acquisition paves the way for enlarging our manpower base to meet the increasing order book pipe-line, besides catering to the existing customers.
Glenmark implements Business Re-organisation
Glenmark Pharmaceuticals Ltd has announced that it has implemented the re-organisation of its business into Speciality and Generics. The reorganization process had begun in Q3 FY 2007-08.
The reorganization was essential as both Glenmarks Speciality and Generics business has grown rapidly, posing a challenge of managing two diverse businesses that had both attained a critical mass. The reorganization aims to promote sharper focus on generics and specialty as separate businesses with distinctive needs, skill-sets, objectives and growth imperatives and aligned management teams.
As a result of the reorganization, Glenmark has transferred its Generics and Active Pharmaceutical Ingredients (API) businesses to its subsidiary - Glenmark Generics Ltd (GGL). GGL is guided to generate USD 180 Mn in Net Sales in FY08 and USD 255 Mn in FY09.
Mr. Terrance Coughlin (erstwhile President - API and US Generics, Glenmark) has been appointed as the CEO of GGL. Mr. Glenn Saldanha will function as the Chairman of Glenmark Generics Ltd. Glenn has been responsible for launching and running Glenmarks generic and API businesses.
Mr. Pushpinder Bindra comes aboard GGL as Chief Operating Officer.
Speaking on this development, Mr. Glenn Saldanha, CEO & MD, Glenmark Pharmaceuticals Ltd, said, The business reorganization marks the beginning of a new era in the life of Glenmark. He further elucidates, If Glenmarks recent growth was divided in phases, with the period of 2003-07 being the first phase of growth where the Company transformed from an India-centric branded generics player into a global, researched based, integrated Pharma Company in manufacturing and marketing. Here, begins the second phase, where the Company aims to become a global end to end specialty Company with capability to research, develop and launch its own differentiated branded products. On the Generics side of its business, GGL aims to be a global integrated generic and API leader.
Going forward, GGL will handle the development, manufacture and distribution of generic formulation and API businesses. The parent Company Glenmark Pharmaceuticals Ltd continue to directly manage the novel R&D, biologics and branded formulation businesses of the Glenmark group including India, Brazil, Rest of Latin America (excluding Argentina), Russia/CIS, Africa and Asia.
The Generics business will inherit Glenmarks Goa plant for formulations, the three API plants in India, sales units in the USA and UK and the Argentina oncology operations. In addition, a group from R&D focused on API and Formulation Development will also move to the generics Company.
The branded business will remain in Glenmark Pharmaceuticals and retain all remaining assets, branded sales groups in India and overseas and all remaining R&D operations related to NCEs, Biologics and formulation development for brands.
The reorganization was essential as both Glenmarks Speciality and Generics business has grown rapidly, posing a challenge of managing two diverse businesses that had both attained a critical mass. The reorganization aims to promote sharper focus on generics and specialty as separate businesses with distinctive needs, skill-sets, objectives and growth imperatives and aligned management teams.
As a result of the reorganization, Glenmark has transferred its Generics and Active Pharmaceutical Ingredients (API) businesses to its subsidiary - Glenmark Generics Ltd (GGL). GGL is guided to generate USD 180 Mn in Net Sales in FY08 and USD 255 Mn in FY09.
Mr. Terrance Coughlin (erstwhile President - API and US Generics, Glenmark) has been appointed as the CEO of GGL. Mr. Glenn Saldanha will function as the Chairman of Glenmark Generics Ltd. Glenn has been responsible for launching and running Glenmarks generic and API businesses.
Mr. Pushpinder Bindra comes aboard GGL as Chief Operating Officer.
Speaking on this development, Mr. Glenn Saldanha, CEO & MD, Glenmark Pharmaceuticals Ltd, said, The business reorganization marks the beginning of a new era in the life of Glenmark. He further elucidates, If Glenmarks recent growth was divided in phases, with the period of 2003-07 being the first phase of growth where the Company transformed from an India-centric branded generics player into a global, researched based, integrated Pharma Company in manufacturing and marketing. Here, begins the second phase, where the Company aims to become a global end to end specialty Company with capability to research, develop and launch its own differentiated branded products. On the Generics side of its business, GGL aims to be a global integrated generic and API leader.
Going forward, GGL will handle the development, manufacture and distribution of generic formulation and API businesses. The parent Company Glenmark Pharmaceuticals Ltd continue to directly manage the novel R&D, biologics and branded formulation businesses of the Glenmark group including India, Brazil, Rest of Latin America (excluding Argentina), Russia/CIS, Africa and Asia.
The Generics business will inherit Glenmarks Goa plant for formulations, the three API plants in India, sales units in the USA and UK and the Argentina oncology operations. In addition, a group from R&D focused on API and Formulation Development will also move to the generics Company.
The branded business will remain in Glenmark Pharmaceuticals and retain all remaining assets, branded sales groups in India and overseas and all remaining R&D operations related to NCEs, Biologics and formulation development for brands.
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