The National CDM Authority, under the Environment Ministry, has approved L&T IDPL
's wind energy project as a 'project contributing to sustainable development in India' and gave 'host country approval' for the project on June 12, 2012.
IDPL's new Cephalosporin Block shall be constructed over an area of five acres, producing latest Cephalosporins initially in tablet dosage form.
IDPL also signed MoU with the National Institute of Pharmaceutical Education and Research (NIPER) on the occasion for transfer of technology for manufacture of Zinc Dispersible Tablets used for treatment of diarrhorea.
The infusion will lead to a 10-15 per cent stake dilution in L&T IDPL. The equity valuation of the company is around a[sup.1]8,500 - a[sup.1]9,000 crore.
L&T IDPL had mandated two global investment banks - Standard Chartered and Nomura - but the process is yet to be started.
India, May 16 -- DPCL is a 50:50 joint venture between L&T IDPL and Tata Steel
L&T Infrastructure Development Projects (L&T IDPL), a subsidiary of L&T, and Tata Steel have executed a definitive agreement with Adani Ports & Special Economic Zone (Adani Ports) to sell 100 per cent stake in the Dhamra Port Company Limited (DPCL) for an Enterprise Value of around Rs.
According to an official statement, the budgetary support of Rs 330.35 crore will help in disbursing unpaid salaries and providing support for voluntary retirement scheme (VRS) of employees of Indian Drugs and Pharmaceuticals Ltd (IDPL), Rajasthan Drugs and Pharmaceuticals Ltd (RDPL) and Hindustan Antibiotics Limited (HAL).
"The decision will mitigate sufferings of more than 1,000 employees of these PSUs and setting up of a committee of ministers will expedite in process of implementation of the earlier Cabinet decision on December 28, 2016 for the closure of IDPL and RDPL and strategic sale of HAL and BCPL," added the statement.