🇮🇳 India Daybook: BHEL Secures ₹6,100-Cr NTPC Deal, Vodafone Idea Awards ₹30,000-Cr Network Contracts

📍 ORDER WIN & CONTRACTS

• Bharat Heavy Electricals Ltd (BHEL): Secured a major order valued at over ₹6,100 crore from state-run NTPC for setting up a supercritical thermal power project in Chhattisgarh.
• Vodafone Idea: Finalized a long-term network equipment deal worth approximately ₹30,000 crore (~$3.6 billion) with Nokia, Ericsson, and Samsung to deploy 4G and 5G network equipment over three years.
• Avantel: Received a purchase order valued at ₹9.92 crore from Garden Reach Shipbuilders & Engineers (GRSE) for the supply of satcom products.

📍 REGULATORY & USFDA UPDATES

• Glenmark Pharmaceuticals: Completed an inspection by the US FDA at its formulation manufacturing facility situated in Chhatrapati Sambhaji Nagar, Maharashtra, with zero observations.
• Lupin: Confirmed that the US FDA concluded an inspection at its Nagpur oral solid dosage facility with six procedural observations.

📍 CAPITAL RAISING & PREFERENTIAL ISSUES

• Reliance Power: Approved a capital raise of ₹1,525 crore via a preferential issue of equity shares and convertible warrants to fund ongoing expansion and renewable energy ventures.

📍 STRATEGIC DEALS & GLOBAL EXPANSION

• ONGC (ONGC Videsh): Subsidiary ONGC Videsh inked an agreement to participate in the non-associated gas development of the Azeri-Chirag-Deepwater Gunashli (ACG) field in Azerbaijan.

📍 KEY APPOINTMENTS

• Federal Bank: Krishnan Venkat Subramanian formally assumed the role of Managing Director and Chief Executive Officer (MD & CEO) following regulatory clearance.

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