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The global brokerage firm said that it expects both earnings momentum and importantly cash flow generation to continue. Additionally, it sees Glenmark as more of an India / RoW play as these two contribute >70% of its EBITDA.
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This partnership marks a milestone in HFCLs journey, as it becomes a key contributor to one of the worlds most sophisticated unmanned aerial vehicles (UAVs). The partnership anticipates development of critical sub-systems for GA-ASIs current and future UAV platforms reflecting India's growing investment in advanced defence technologies, according to a release.
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BHEL Share Price: Shares of Bharat Heavy Electricals Limited (BHEL) rose 3% to Rs 274 on Monday after the company secured a Rs 6,100 crore order from NTPC. BHEL announced in a filing that it received a Notification of Award (NOA) for the 1x800 MW Sipat Supercritical Thermal Power Project Stage-III from NTPC Limited.
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