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Key Company Developments and Orders
Here’s a summary of significant updates from various companies and sectors:
Company Updates
- Bharat Electronics
- Revenue Growth: Bharat Electronics reported a 20.1% YoY increase in revenue to ₹4,243.6 crore for Q1FY25. The growth is attributed to strong execution in their projects.
- Data Patterns
- Revenue Growth: Data Patterns saw a 16% YoY rise in revenue to ₹104.1 crore, driven by robust execution of its order backlog.
- Defence Acquisition Council (DAC)
- Order Update: The DAC has granted Acceptance of Necessity (AoN) for the procurement of Advanced Land Navigation Systems (ALNS) and 22 Interceptor Boats. Bharat Electronics (BEL) is set to supply 970 ALNS units.
- L&T
- New Order: L&T has secured a large order in the Power Transmission & Distribution (PT&D) sector. The order value is between ₹2,500 to ₹5,000 crore.
- Pfizer
- Revenue Growth: Pfizer’s Q1FY25 revenues grew approximately 6% YoY to ₹547 crore, driven by strong performance from key brands like Prevnar, Eliquis, Minipress XL, and Zavicefta.
- Sonata Software
- Partnership: Sonata Software has partnered with Applied Systems to enhance its platform engineering and enterprise modernization efforts, focusing on integrations with Microsoft Office 365.
- Tata Steel
- Acquisition: Tata Steel acquired over 557 crore equity shares in its Singapore-based subsidiary, T Steel Holdings PTE Ltd, for $875 million (₹7,341 crore).
- NBCC
- Work Orders: NBCC has received work orders worth ₹411.45 crore from the Medical Education and Ayush Government of Maharashtra. The orders are for constructing a new government medical college and a 430-bed hospital at Buldhana.
- Bharti Airtel
- Network Update: Bharti Airtel has started re-farming its existing mid-band spectrum to support the growing traffic demand on its 5G network.
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