TOP CORPORATE NEWS -02 JULY 2015

·L&T Construction wins orders worth Rs1885 Crores
 Larsen & Toubro Ltd has informed regarding a Press Release dated July 02, 2015, titled ' L&T Construction Wins Orders Valued Rs1885 Crores'.
·NBCC bags PMC biz for Rs914 cr in June 2015
National Buildings Construction Corporation (NBCC) has announced that the Company has secured Project Management Consultancy ( PMC) business of Rs 914.54 cr from various clients in the month of June 2015.
·Videocon Industries gets shareholder nod to raise Rs5,000 crore
Videocon Industries has got shareholder nod to raise Rs5,000 crore from the market through issuance of shares to institutional buyers, global depository receipts ( GDR) and foreign currency convertible bonds ( FCCBs).
·Cabinet clears PMKSY with an outlay of Rs50,000 crore
The Union Cabinet has cleared the ambitious Pradhan Mantri Krishi Sinchaee Yojana ( PMKSY), which, with an outlay of Rs50,000 crore spread over a period of five years starting from 2015-16, aims to provide irrigation to every village by converging the various ongoing irrigation schemes. A sum of Rs5,300 crore has been allocated in the FY2016 for the programme – Positive for Jain Irrigation and Finolex Industries.
·World Bank okays $650 million loan to eastern freight corridor
World Bank okays USD650 million loan to eastern freight corridor – positive for Container Corporation, Gateway Distriparks, L&T .The world bank yesterday has approved a USD650 million debt funding for a part of the eastern arm of the Dedicated Freight Corridor project. The Eastern Dedicated Freight Corridor is to be 1840km long from Ludhiana to Kolkata.
·RINL will expand capacity to 16 million tonnes per annum
Rashtriya Ispat Nigam Limited ( RINL), the corporate entity of Vizag Steel, will expand capacity to 16 million tonnes per annum (mtpa) by 2025 with an investment of Rs35,000 crore.                                                                                                                                                        
·Rajesh Exports plans acquisition for backward integration
Rajesh Exports is likely to finalise an acquisition tomorrow from a handful of targets that have been identified. Some media sources indicate that the company could buy a stake in a Swiss gold refinery for about $400 million. The company is looking for backward integration.
·Arvind announces partnership with Aeropostale Inc
Arvind Ltd has submitted a copy of the press release being issued by Arvind Lifestyle Brands Limited, a subsidiary of the Company titled 'Arvind announces Partnership with Aeropostale Inc., one of America's Largest Specialty Youth Retailers with Over 1,000 locations across the Globe - To launch in India in 2016'.

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