TOP CORPORATE NEWS -13 JULY 2015

·Gujarat Pipavav resumes operations on rail line
Gujarat Pipavav Port announced that the restoration of Pipavav Railway Corporation (PRCL) rail line connecting Pipavav port was completed. The test runs were successfully carried out and Indian Railways declared the rail line open for operations from the night of 11 July 2015. The rail operators have also declared restoration of normal services to and from Pipavav Port.
·Suven Life Sciences secures 4 Product Patents
According to reports, Suven Life Sciences has secured 4 (four) Product Patents for their NCE's in China, Mexico and South Africa.
·Supreme Inds falls as RBI places restrictions
Shares of Supreme Industries slipped over 1%, touching to Rs646.9, after the Reserve Bank of India ( RBI) placed restrictions on further purchases of shares of the company by registered foreign portfolio investors.The Reserve Bank of India ( RBI) on Friday, July 10, 2015, imposed restrictions on further purchases of the equity shares of the company by foreign institutional investors ( FIIs)/Registered Foreign Portfolio Investors ( RFPIs).
·Sanghi Inds plans capex investment over next 2-3 years
Sanghi Industries announced that the Company is planning to invest approximately Rs 1200 to Rs 1500 crore over the next two to three years to expand its capacity from 4.1 MMTPA to 8.2 MMTPA.
·ITNL gets LoA for road project
IL&FS Transportation Networks ( ITNL) announced that Government of Jharkhand has issued Letter of Acceptance dated July 10, 2015 for 6 laning of Ranchi Ring Road, Section VII from Kathitanr to Karma comprising of 23.575 Kms. for development by Jharkhand Infrastructure Implementation Co, a subsidiary of the Company on a Built Operate Transfer (BOT) basis ('the Project').
·Asian Paints workers call off strike; stk up
Shares of Asian Paints rose over 3%, touching to Rs820.9, after the company said that operations at its paint plant situated at Sriperumbudur in Tamil Nadu, has returned to normalcy.                                                                                                                                           ·Shree Hari restarts manufacturing activities in Maharashtra
Shree Hari Chemicals Export Ltd has informed that the Company has received a letter of Maharashtra Pollution Control Board dated July 10, 2015 directing to restart the manufacturing activities at the Company's factory at A/8, M.I.D.C. Industrial Area, Mahad, Dist. Raigad (Maharashtra). Accordingly the Company has restarted its manufacturing activities w.e.f. July 10, 2015.
·Power Grid scraps Rs 3500 crore bond sale over pricing
Power Grid Corporation of India has scrapped its Rs3,500-crore bond sale last week as investors balked at its demand for lower pricing after indicating a higher one since the yields began to fall after indicated pricing. Investors had informally agreed to receive 8.53% on a 10-year paper from the state run company, which was rated 'tripleA'. But the pricing of a peer state-run firm at 8.5% for the same tenor made Power Grid seek an identical pricing which the investors were not willing for.
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