VISAKHAPATNAM FACILITY

Biocon received four observations from the US health regulator after a GMP inspection at its API facility in Andhra Pradesh.

The US Food and Drug Administration (FDA) completes inspection of Solara Active Pharma Sciences' API manufacturing facility in Visakhapatnam, Andhra Pradesh, with no observations. Solara confirms compliance with FDA standards. The facility, dedicate...

Kotak is lending $150 million (₹1,250 crore) under a mezzanine debt facility to Prasad at 18-20% and arranging an additional $300 million from other lenders including Edelweiss Domestic Performing Credit Fund, two people close to the development sai...

Coromandel International, which is mainly in the fertiliser business, will invest Rs 1,000 crore to set up a plant to produce phosphoric and sulphuric acid at Kakinada in Andhra Pradesh. In a regulatory filing, the company said it has "commenced the...

The project includes construction of India's largest green hydrogen production facility (1200 TPD tonne per day), which will be converted to derivatives of hydrogen such as green ammonia and green methanol, primarily catering to various export marke...

GMR Airports secures a ₹800 crore debt facility from a consortium involving Standard Chartered Bank, Varde Partners, and Aditya Birla Special Situation Fund. This funding marks a part of the ongoing capital raising efforts by GMR Airports and its su...

Global private equity firm Blackstone is set to invest approximately $1 billion to acquire controlling stakes in two major South Indian hospital chains, CARE Hospitals and KIMS Health. The transactions make Blackstone the fourth largest hospital gro...

Recovery trial operations of the Gaganyaan mission has entered into the second phase with the commencement of harbour trials at the Naval Dockyard, Visakhapatnam. Indian Space Research Organisatio (ISRO) and Indian Navy jointly carried out the trial...

Argentina's interest in acquiring cruise missiles, specifically the BrahMos system, reflects its commitment to modernizing its defense infrastructure. As Argentina engages in talks with Indian officials, the potential for collaboration in this domai...

Today, the Ministry of Tourism through central financial assistance scheme has been supporting tourism infrastructure development-related projects, whether it is ports, cruise terminals, development of light houses, purchase of ferries, development ...

The facility will be set up in Vadodara, Gujarat with a capacity to store 60,000 tonnes of LPG, according to two officials aware of the development. HPCL plans to spend up to Rs 1000 crore in setting up of the cavern.

The Congress on Friday alleged that the Indian Oil Corporation (IOC) had been importing LPG via the government-run Visakhapatnam Port but was now being made to use the Adani-owned Gangavaram Port through an "unfavourable" contract.

"Honestly, if we were to raise (capital), it would only be for refinancing," Narendran said about the company's capital market plans. "From our own growth ambitions, we want to grow as well as reduce our debt." At the end of December, Tata Steel had...

The capacity of Visakhapatnam refinery will rise to 15 million tonnes a year from the current 8.5 million tonnes a year by June, HPCL Chairman Pushp Kumar Joshi said. The refinery will likely stabilize and start operating at full capacity by Decembe...

The first Vande Bharat Express train to operate between the two Telugu states will run between Secunderabad and Visakhapatnam in eight hours and 30 minutes. As the event coincided with the Army Day, the Prime Minister paid rich tributes to the servi...

The company, which specializes in anti-retroviral, hepatitis C and oncology drugs, said it has launched an investigation, without giving any other specifics about the incident.

Prime Minister Narendra Modi in April laid the foundation stone for the manufacturing project of 9,000 HP electric locomotives at the Railway production unit in Dahod.

Prime Minister Narendra Modi on Saturday laid the foundation stone for the ambitious redevelopment project of Visakhapatnam Railway station. The Rs 446 crore project taken up by the Rail Land Development Authority assumes significance as Visakhapatn...