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Monday, July 13, 2015

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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').

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