Cadila Healthcare may gain on licensing pact with Abbott

India’s second largest two-wheeler maker by sales Bajaj Auto will declare its January-March 2010 quarter results today, 12 May 2010. Bajaj Holdings & Investments, Thermax, Mahindra Forgings, Blue Star, DB Realty, Welspun India, Infinite Computer Solutions, Mangalore Refinery & Petrochemicals (MRPL), and Jindal Poly Films, are among other companies that will declare their January-March 2010 quarter results today.

Larsen & Toubro’s unit has secured an international turnkey project worth Rs 850 crore from the public works authority, Qatar for advanced waste water treatment and urban reuse. The project will be executed on lumpsum turnkey basis. The project is scheduled to be operational by 2012.

Cadila Healthcare has entered into a licensing and supply agreement with Abbott Laboratories that will help Abbott quicken the pace of its growth in emerging markets. Under the agreement, the financial terms of which were not disclosed, Abbott will gain the rights to at least 24 Zydus products in 15 emerging markets where Abbott has a strong and growing presence. The agreement also has an option for additional 40 products to be included over the term of the collaboration. The agreement covers medicines for pain, cancer and cardiovascular, neurological and respiratory diseases. Product launches under the collaboration are expected to begin in early 2012.

Seamec said its vessel’s charter with Work Boat International, Dubai has been completed and the vessel has resumed contract with Dulam International on revised terms. The deployment continues to be in the Persian Gulf till 3rd week of September 2010. The revenue during the above period would be around $ 5.4 million.

Ranbaxy Laboratories is reportedly looking to set up a manufacturing unit in India to cater to its Japanese generics market. According to reports, the company is looking to scale up operations in Japan from 2012 when the Japanese government’s directive to have 30% of the prescription volumes from generics kicks in.

Everonn Education’s board will meet on 19 May 2010, to consider issuing fully convertible debentures to non-promoters. The board will also consider issue of equity convertible warrants to promoters.

SREI Infrastructure Finance’s net profit rose 121.39% to Rs 111.49 crore on 51.96% rise in sales to Rs 436.94 crore in the year ended March 2010 over the year ended March 2009.

Jindal Drilling & Industries’ net profit rose 103.17% to Rs 30.78 crore on 26.46% decline in sales to Rs 245.35 crore in the quarter ended March 2010 over the quarter ended March 2009.

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