TOP CORPORATE NEWS - 03 AUG 2015

·NBCC secures order worth Rs540.81 cr in July
National Buildings Construction Corporation ( NBCC ) announced that the Company has secured total business amounting Rs540.81 crore (approx) from various clients in the month of July, 2015.
·Petrol price cut by Rs2.43; Diesel by Rs3.60 a litre
Petrol price was cut by Rs2.43 per litre and diesel by Rs3.60 a litre, the third reduction in rates this month.
·IOC cuts non-subsidised LPG price by Rs23.5/cylinder
IOC cuts non-subsidised LPG price by Rs23.5/cylinder to Rs585 in Delhi.
·CESC lines up Rs3,000 crore for renewables
CESC lines up Rs3,000 crore for renewables – positives for wind & solar energy stocks like Inox wind, Suzlon energy .CESC is increasingly focusing on renewable energy and has decided to pump in Rs3,000 crore over 18 months to expand its capacity in this area to 500 MW. CESC  is developing small wind and solar projects and also looking at major solar and wind projects in Rajasthan, Gujarat, Tamil Nadu and Madhya Pradesh. Currently, the company's renewable energy capacity is a 74 MW, both solar and wind. The total capacity, including thermal of CESC and its subsidiaries, is 2,500 MW.
·SSWL records highest ever monthly sales turnover and volume
Steel Strips Wheels Ltd ( SSWL) announced that in July 2015, the Company achieved its highest ever monthly volume sales and turnover. Total wheel rim sales in numbers stood at 11.63 lakh compared to 11.02 lakh in July 2015, representing a growth of 5.6%.  In terms of value, the Company has achieved highest gross turnover of Rs122.27 crore in July 2015, recording a growth of 5.85% over July 2014. It has achieved highest net turnover of Rs110.05 crore in July 2015 compared to 104.29 crore in July 2014, recording a growth of 5.5%.
·PVV Infra bags order from Mahanadi Coalfields
PVV Infra announced that the Company has bagged Work order from Mahanadi Coalfields dated August 02, 2015 for supply & installation of 103 Nos of Prefab toilet blocks in the State of Odisha under Swachh Bharat Swachh Vidyalaya Abhiyan.                                                                                                                                                                                                                                                   
·Kharif acreage goes up 25% to 693.8 hectares
Kharif acreage has gone up 25% to 693.8 hectares till end of 3rd week of July 2015; Skymet expects monsoon season to end with normal rainfall – positive read through for FMCG companies.
·PFS divests entire stake in Ind-Bharath for Rs312 crore
PTC India Financial Services ( PFS) divests its entire stake in Ind-Bharath for Rs312 crore – significant positive for PFS .PTC India has successfully divested its entire stake in Ind-Barath Energy (Utkal) Limited (Ind-Barath) for an amount of Rs311.93 crore). Ind-Barath is setting up a 700 MW coal based thermal power project in Orissa and PFS had invested a sum of Rs105 crores in the same in 2009-10.
·Ultratech to raise Rs9,000 crore via NCDs
Ultratech to raise Rs9,000 crore through issue of NCD. The funds are to be utilized for various purposes, including capital expenditure, loan refinancing and prepayment.       
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