Regulatory updates, overseas expansion, project wins and strategic initiatives have put Dr Reddy’s Laboratories, Sun Pharma, NBCC, GAIL, UPL, Tata Chemicals and Hirect firmly on investors’ radar for Thursday’s session.
The United States Food and Drug Administration (USFDA) has completed a Pre-Approval Inspection (PAI) and Good Manufacturing Practices (GMP) inspection at Dr Reddy’s Laboratories’ FTO-SEZ Process Unit-02 in Srikakulam, Andhra Pradesh. Following the inspection, the company received a Form 483 containing three observations from the USFDA. Dr Reddy’s Laboratories said it will address the observations within the stipulated timeline.Semaglutide approval opens Brazil market for Sun PharmaSun Pharmaceutical Industries has received approval from Brazil’s health regulator ANVISA to manufacture and market semaglutide injections in the South American country for adults with inadequately controlled Type 2 diabetes, the company informed exchanges on Wednesday. The drugmaker plans to launch the product in the coming days through a partnership with Hypera Pharma, one of Brazil’s largest pharmaceutical companies.NBCC formalises ₹650-crore Seychelles housing contractNBCC (India) Ltd has signed a formal agreement with the Government of Seychelles to execute a $75 million (around ₹650 crore) affordable housing project, converting an earlier letter of intent into a full-fledged contract. The project involves the construction of 1,008 affordable housing units at Île Aurore in Seychelles, along with associated infrastructure. It will be financed through a Line of Credit (LoC) extended by the Export-Import Bank of India (EXIM Bank), according to the company’s stock exchange filing.UPL exits Brazilian joint venture to streamline portfolioUPL do Brasil (UPL Brasil), a subsidiary of UPL, has obtained regulatory approval to sell its complete stake in its joint venture, Bioplanta Nutrição Vegetal Indústria e Comércio S.A. (Bioplanta). The transaction is executed for a nominal consideration of USD 20 due to Bioplanta’s negative net worth of USD 8.2 million. This move is part of UPL’s portfolio optimisation strategy to prioritise profitable growth.Kenya suspends Tata Chemicals Magadi mining operationsTata Chemicals Magadi Limited, a wholly owned subsidiary of Tata Chemicals, has received an immediate suspension notice for its mining and soda ash export operations from Kenya’s Ministry of Mining. The suspension is linked to unresolved regulatory compliance reviews, while the parent company continues to assess its legal options.Ather rolls out AI-powered pothole alert for ridersAther Energy on Wednesday announced the rollout of a pothole alert feature for its customers with Gen 2 and above scooters. The feature alerts riders to potholes, broken road patches, uneven roads and speed breakers ahead while navigating, using road intelligence built from data generated by Ather’s connected scooter fleet, Ather Energy said in a statement.GAIL, RCF join hands for Maharashtra urea plantState-run GAIL (India) Ltd and Rashtriya Chemicals and Fertilizers Ltd (RCF) have signed a memorandum of understanding to jointly develop a gas-based fertiliser plant in Maharashtra through a special purpose vehicle, the companies said on Wednesday. The proposed plant, with a capacity of 1.27 million tonnes per annum (MMTP) of urea, will be located in the Vidarbha region along GAIL’s Mumbai-Nagpur-Jharsuguda natural gas pipeline. Under the agreement, GAIL and RCF will collaborate on taking the project from the conceptual stage through implementation.Shyam Metalics commissions Odisha beneficiation plantShyam Metalics has commissioned a ₹150 crore, 1.5 MTPA iron ore beneficiation plant at its Sambalpur facility in Odisha. This project allows the company to process low-grade ore in-house, significantly reducing its reliance on expensive external feedstock, expanding operational margins, and extending the life of its mineral reserves.Vikran Engineering completes Arunachal transmission lineVikran Engineering has successfully commissioned the 132 kV Miao–Namsai transmission line in Arunachal Pradesh. - The project covers a span of approximately 41 km and was executed for the Power Grid Corporation of India Limited (PGCIL). - This completion strengthens the company’s execution track record, backed by a robust consolidated order book crossing ₹5,000 crore as of March 31, 2026.Hirect secures maiden US traction motor orderHirect Ltd (Formerly known as Hind Rectifiers Ltd) has secured its first order from the United States for traction motor assemblies, marking the company’s initial entry into the US market. This order, scheduled for execution in the 2026-2027 financial year, establishes a critical foothold in North America as the company pursues aggressive international expansion.Published on July 30, 2026
