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Bajaj Auto, Power Finance Corp, Dr. Reddy's Lab in focus
10-Jun-22   08:37 Hrs IST

Bajaj Auto: The meeting of board of directors of the company is scheduled to be held on 14 June 2022, to consider a proposal for buyback of fully paid-up equity shares of the company.

Power Finance Corporation: A Special Purpose Vehicle (SPV) Company named Fatehgarh IV Transmission Ltd has been incorporated as a wholly owned subsidiary of PFC Consulting Limited (a wholly owned subsidiary of Power Finance Corporation Limited) for development of 'Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under Phase-III-Part-A1'

Dr. Reddy's Laboratories: Olema Pharmaceuticals, Inc. and Aurigene Discovery Technologies Limited announced an exclusive global license agreement to research, develop and commercialize novel small molecule inhibitors of an undisclosed oncology target. Aurigene Discovery Technologies is a clinical stage biotech company and a wholly owned subsidiary of Dr. Reddy's Laboratories.

HFCL: The company has received the purchase orders aggregating to Rs.73.39 crore. The order consists of purchase orders of Rs.51.09 crores, from one of the leading private telecom operators of the country for supply of UBRs (Unlicensed Band Radio) along with accessories and of Rs.22.30 crores, from one of the leading EPC players of India for supply of optical fibre cables.

Oriental Aromatics: The State Environment Impact Assessment Authority ('SEIAA'), Ministry of Environment, Forest and Climate Change, Government of India, has accorded its environmental clearance for the proposed greenfield project for manufacturing of speciality chemicals & chemical intermediates by Oriental Aromatics & Sons, wholly owned subsidiary of the company.

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