Month: August 2007

Alpa Laboratories has been allotted 13 locations for setting up Generic Drugs Retail Outlets by the Government of Bihar. The expected annual revenue from these outlets is about Rs 8 crore and the company expects a net profit of about Rs 2 crore per year from these outlets.

The tender was floated by the state health society, Bihar to operate an maintain generic drug shop in each medical college hospital, in each of the District hospitals of Bihar, the sub divisional hospital at Barh (Patna) and gardiner road hospital, Patna as part of its implementation of the national rural health mission (NRHM) to improve the availability of and access to quality health care for people.

Further the company has informed that the company is looking to expand upon its existing manufacturing business by venturing into drug retailing.

DLF has clinched the deal to develop an integrated town ship on 95 acres at Durgapur in the communist ruled and Government sponsored Ter*orism state of West Bengal. The public-private participation (PPP) project envisaged by the Asansol Durgapur Development Authority (ADDA), is expected to invite investment up to Rs 4,000 crore and is to be completed in four years.

The company will utilize the services of leading architectural and engineering companies to design the township which will have large green spaces, wide roads, attractive retail and commercial spaces, an all-encompassing club with a swimming-pool, gymnasium, tennis court, card-room and state-of-the-art entertainment zone.

With this project the company reinforces its strong commitment for West Bengal. The company is developing around 5000 acre township and a textile SEZ at Dankuni, two IT parks at Rajarhat, luxury, budget hotels and service apartment in Kolkatta.

3i Infotech is working with the Government of Goa to implement the state’s integrated information infrastructure (I-3) project. The Government of Goa also announced on 21 August 2007, the launch of GoaOnline portal which will enable citizens to access services through the internet. A unique initiative, the project also involves the setting up of 208 citizen service centres (CSCs) and a state data centre.

As part of the project, the company will build and operate the project under the State Government’s guidance as a public-private partnership (PPP) project for a period of five years. The project is a pioneering effort by the Government of Goa as for the first time, the citizens of the state will have access to a comprehensive integrated system allowing them to avail of G2C services through both CSCs as well as a web interface. Additionally, the project will also have the capabilities to provide various B2C and B2B services

Shares of under performing and family managed company Patni Computers are trading up because of rumor that Private Equity investors may BUY stake in the company. The promoters have been slacking and are incompetent.

As per reports, private equity (PE) funds Texas Pacific Group and Apax Partners are close to purchasing the stake of two Patni brothers Ashok and Gajendra in Patni Computer Systems Limited.

The agreement between one of the private equity partners and the Patni brothers, who jointly hold 29% stake, is expected to be signed next month. Reports suggest Narendra Patni, the eldest brother and chairman and chief executive officer of the company, would buy out a part of the stake which Ashok and Gajendra had put on the block, while the private equity funds would buy the balance.

Indusind Bank Limited, yet another family managed bank which is underperforming the BSE-Bankex just a while ago denied rumours that ABN Amro Bank, Deutsch Bank and other foreign banks are interested in picking up a stake in Indusind Bank. Indusind management said it is not aware of any such developments.