Procurement News Notice |
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| PNN | 476 |
| Work Detail | GMR Infrastructure said that its subsidiary, GMR Airports (GAL), has won the international competitive bid for development and operation of Mopa Greenfield Airport in North Goa. The concession period for the Greenfield project will be 40 years with a possible extension of another 20 years through a bid process. The airport will be built under the BOT (Build Operate Transfer) model. GMR won the bid through a closely contested competitive bid process with Airports Authority emerging as the second highest bidder followed by the consortium of Essel InfraIncheon emerging third. The letter of award is expected to be issued within 60 days, while signing of concession agreement will be done within 45 days from the date of issuance of award letter. The regulatory regime for the concession will be hybrid till with 30% cross subsidy. The concession offers 232 acres of land for commercial city side development for a period of 60 years. The announcement was made after trading hours on Friday, 26 August 2016. Indian Oil Corporation (IOC) will consider bonus issue of shares and its Q1 June 2016 results today, 29 August 2016. Bharat Forge said it acquired 64,000 shares of its wholly-owned step down UK subsidiary - Bharat Forge International (BFIL), from Bharat Forge Global Holding GMBH, for $4,544,000 (around Rs 30 crore). This was part of restructuring of overseas subsidiaries, the company said. Net profit of Procter & Gamble Hygiene and Health Care rose 2.16% to Rs 109.40 crore on 0.71% increase in total income to Rs 580.45 crore in Q4 June 2016 over Q4 June 2015. The result was announced after trading hours on Friday, 26 August 2016. Castrol India will be watched. We reference to a news report captioned, Castrol to sell $261 million shares via block Trade, the company clarified after trading hours on Friday, 26 August 2016, that it was not aware of any stake sale in the company by Castrol, a unit of oil major BP Plc, and said recent news reports that such a transaction would take place were based on market speculation. Indusind Bank said it opened its first branch in Pathankot, Punjab. With this, the bank now has 81 branches in Punjab. The announcement was made after trading hours on Friday, 26 August 2016. Bharat Financial Inclusion said it issued commercial papers of an aggregate amount of Rs 25 crore on 26 August 2016, which have been rated 'A1 +' by a leading rating agency. Instruments with the aforesaid rating are considered to have 'a very strong degree of safety' regarding timely payment of financial obligations. Such instruments carry the lowest credit risk. The aggregate amount of commercial paper outstanding as on date is Rs 300 crore. The announcement was made after trading hours on Friday, 26 August 2016. Claris Lifesciences has received approval from the US health regulator for generic Flumazenil injection used for reversal of the sedative effects of benzodiazepines in the US market. The announcement was made on Saturday, 27 August 2016. In a separate announcement after market hours on Friday, 26 August 2016, Claris Lifesciences updated that its wholly-owned subsidiary, Claris Injectables, (CIL) had undergone an US Food and Drug Administration (USFDA) inspection, classified as Prior Approval Inspection (PAI) from 16 August 2016 to 26 August 2016, on the Plant 1 (Clarion 1) of its manufacturing facility situated at Charcharvadi, Vasna. CIL has received five 483s during the inspection, it is confident to reply to these within 15 business days, with corrective and preventive actions to address the same. PAI inspections are part of a normal course of business to approve the under approval Abbreviated New Drug Application (ANDA), the company has 24 ANDAs under approval with a total addressable market size of the under approval products estimated to be around $2 billion. |
| Country | India , Southern Asia |
| Industry | Airports & Aviation |
| Entry Date | 02 Sep 2016 |
| Source | http://www.business-standard.com/article/news-cm/gmr-infra-in-focus-after-winning-contract-for-goa-s-greenfield-airport-project-116082900079_1.html |
