Natco Pharma Sells Telangana Property for Rs 1.15 billion

29 Nov 2024 CW Team

Pharmaceutical company Natco Pharma announced that it had completed the sale of approximately 14.38 acre (72,358 square yards) of land in Ranga Reddy district, Telangana, for Rs 1.15 billion, including infrastructure costs.

In a regulatory filing, the company stated that it had sold land with clear and marketable titles, measuring approximately 14.38 acre (72,358 sq. yards), located at Mekaguda Gram Panchayat, Nandigama Mandal, Ranga Reddy District, Telangana, India, for a total consideration of Rs 1.15 billion, which included certain infrastructure costs.

Natco Pharma clarified that the land and building sold were not part of its operational assets, and the transaction would not affect its business operations.

The company further emphasized that since no business activities were conducted on the land and building sold, the sale would not impact its operations. It also noted that the sale did not constitute the transfer of an undertaking or a substantial portion of the company's operations.

Additionally, Natco reported an 83 per cent increase in its net profit for the September quarter, reaching Rs 6.76 billion compared to Rs 3.69 billion during the same period the previous year. Revenue also rose by 33 per cent, reaching Rs 13.71 billion, up from Rs 10.31 billion in the corresponding quarter of the previous fiscal year.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..