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1. Shyam Metallics : 
Shyam Metalics and Energy Ltd Expands with New Stainless Steel Facility
Shyam Metalics and Energy Ltd is set to establish a Stainless Steel Hot Rolled Coils facility at its Sambalpur, Odisha plant, with a capacity of 0.3 MTPA. The company plans to specialize in the production of 200 and 400 series stainless steel coils, utilizing captive raw materials for efficiency and quality. Additionally, it aims to acquire a 20-acre land parcel to bolster capabilities in the long products sector, including a Stainless Steel bright bars capacity of 25,000 MTPA and an SS wires division with a capacity of 18,000 MTPA. These expansions are anticipated to create 1500 new job opportunities, contributing to India's economic growth and development. Shyam Metalics emphasizes innovation and sustainability in shaping the industrial landscape.

2. Lupin : 
Lupin Limited Launches Generic Version of Oracea® in the U.S.
Lupin Limited has announced the launch of the first generic version of Oracea® (Doxycycline Capsules, 40 mg) in the United States, following approval from the U.S. Food and Drug Administration (FDA). Oracea® is indicated for the treatment of inflammatory lesions (papules and pustules) of rosacea in adult patients. The estimated annual sales of Doxycycline Capsules, 40 mg, in the U.S. were USD 128 million as of February 2024 (IQVIA MAT).

3. JTL Industries : 
JTL Industries Acquires Controlling Stake in Nabha Steels and Metals
JTL Industries has acquired a 67% controlling stake in Nabha Steels and Metals, located in Mandi Gobindgarh, Punjab, bolstering its position in the steel manufacturing sector. With a manufacturing capacity of 200,000 tonnes, Nabha Steels focuses on producing coils and long steel products, contributing to its remarkable revenue growth from ~Rs. 113 Crores in FY23 to ~Rs. 225 Crores in FY24. This strategic move enhances JTL's backward integration capacity, expanding from 150,000 tonnes of coils in Raipur to 250,000 tonnes of coils and 100,000 tonnes of long products across Chhattisgarh and Punjab. The acquisition strengthens operational efficiency, supply chain resilience, and product portfolio diversification, positioning JTL for accelerated expansion and sustained growth in the industry.

4. Dixon Technologies : 
Dixon Technologies Acquires Majority Stake in Ismartu
Dixon Technologies (India) Limited has entered into a Share Purchase Agreement with Ismartu In Pte. Limited, Transsion Technology Limited, 5A advisors LLP, and Ismartu India Private Limited for the proposed acquisition of a majority stake constituting 50.10% in Ismartu. Ismartu is a leading electronics and mobile devices manufacturer with three state-of-the-art facilities in Noida, operating under the brands 'Itel', 'Infinix', and 'Tecno'. The acquisition aims to strengthen Dixon's position in the mobile phone manufacturing industry in India. Mr. Atul B. Lall, Vice Chairman & Managing Director of Dixon Technologies, expressed confidence in the collaboration, highlighting potential growth opportunities and commitment to delivering value to stakeholders.

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