BHEL commissions 250 MW thermal plant in Bihar and other Top Corporate News of the day

Check out the most important news stories, which captured the headlines at the corporate level in India and internationally.

Mar 31, 2016 03:03 IST India Infoline News Service

Kansai Nerolac Paints Limited sold its land admeasuring 15.86 acres at Perungudi, Chennai to SPV formed by Brigade Group and GIC Singapore for a sum of Rs5.5bn. (BS)

BHEL has commissioned first 250 Mw unit at coal-based Nabinagar thermal power plant of Bhartiya Rail Bijlee Company Ltd in Aurangabad district of Bihar. (BL)

Defence and security company Saab and Ashok Leyland have joined hands to manufacture truck simulators in India under the Make in India concept. (BS)

Reliance Capital announced completion of additional 23% stake sale in Reliance Life Insurance to Nippon Life Insurance. (ET)

Aurobindo Pharma has received final approval from the US health regulator to market its generic antibiotic drug Vancomycin Hydrochloride for Injection, in the American market. (ET)

Tata Motors signed a memorandum of understanding with the Maharashtra Ex-Servicemen Corporation, for creation of employment opportunities for ex-servicemen of Indian Army. This is in response to Tata Motors solution for the Defence Ministry's prestigious US$10bn combat vehicle programme. (BS)

ONGC has found hydrocarbon (gas) deposits at Meidum area in Mizoram-Assam border Kolasib district, state Industries Minister said in the state assembly. (BL)

Suzlon Group has bagged a new turnkey order of 48.30 megawatt (Mw) wind power project from Indian Oil Corporation Ltd. (ET)

Kalyani Group and Fabbrica D'armi Pietro Beretta, Italy, part of Beretta Defence Technologies (BDT), are in advance level of discussions to form a strategic partnership for providing state-of-the-art small arms for security forces. (BS)

Marking its entry into the defence sector, the Adani Group has signed a statement of intent with Elbit-ISTAR and Alpha Design Technologies Pvt Ltd to cooperate and work together in the field of Unmanned Aircraft Systems (UAS) in India. (ET)

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