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International Paper APPM provides operations update
Apr 10,2017

International Paper APPM has announced that there would be annual outage (maintenance) from 12 April to 21 April 2017 in the manufacturing facility located in Kadiyam, East Godavari District, Andhra Pradesh.

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Suzlon Energy wins repeat order for 50.40 MW wind power project
Apr 10,2017

Suzlon Group has won a repeat order of 50.40 MW wind power project from a leading IPP company. This is a maiden order for 24 units of Suzlons new S111 120m hybrid wind turbine generator, each with arated capacity of 2.1 MW. Located in Karnataka, the project will be completed by June 2017.

Suzlon will execute the entire project on a turnkey basis and will also provide operation and maintenance services. The project has the potential to provide power to over 27,000 households andreduce 0.10 million tonnes of CO2 emissions per annum.

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Surana Solar announces resignation of company secretary and compliance officer
Apr 10,2017

Surana Solar announced that Badarish H Chimalgi has resigned as Company Secretary and Compliance Officer of the Company with effect from 10 April 2017.

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Atlanta and its subsidiary - Atlanta Infra Assets receives Rs 314.78 crore
Apr 10,2017

Atlanta and its subsidiary, Atlanta Infra Assets has received part of its Arbitration Award Money amounting to Rs 196.90 crore and Rs 117.88 crore respectively totalling to Rs 314.78 crore. The receipts are utilised for repaying future debt obligations and augmentation of working capital requirements.

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Bhagyanagar India appoints company secretary and compliance officer
Apr 10,2017

Bhagyanagar India announced that Badarish H Chimalgi has been appointed as Company Secretary and Compliance Officer of the Company with effect from 10 April 2017.

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HDFC Bank proposes to raise Rs 50000 crore in next 12 months
Apr 10,2017

HDFC Bank proposes to raise funds by issuing Perpetual Debt Instruments (part of Additional Tier I Capital), Tier II Capital Bonds and Senior Long Term Infrastructure Bonds up to a total amount of Rs. 50,000 crore in the period of next twelve months through private placement mode.

The Board of Directors of the Bank would consider this proposal at its ensuing Board meeting to be held on 21 April 2017.

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Goodluck India proposes new manufacturing facility in Bhachau, Gujarat
Apr 10,2017

Goodluck India announced that the Company is coming up with new manufacturing facility for its existing line of business eg. Steel tubes, pipes, precision tubes etc. at its land situated at Village: SikraTaluka-Bhachau (Kachchh),Gujarat.

The companys existing manufacturing capacity is 2,30,000 MTPA and presently running at optimal capacity utilization The proposed manufacturing facility of approx 72000 MTPA will add in the companys total production capacity.

The proposed manufacturing facility is coming up at companys already owned land in Gujarat with the total investment of 74 crore which will met by debt and internal accruals/promoters contribution. The Plant is expected to be commissioned by April 2018.

The location of proposed facility is within proximity of two ports i.e. Kandla Sea Port and Mundra Sea Port and strategically very suitable to the proposed project as it will reduce freight cost for exports to a significant extent and will give an edge over the competitors. Beside that proposed location for the project is well equipped with all the basic amenities and infrastructure facilities for the industry.

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Board of Vishal Fabrics approves allotment of equity shares on rights basis
Apr 10,2017

Vishal Fabrics announced that the Board of Directors of the Company at its meeting held on 07 April 2017 have passed resolution for allotment of 87,82,667 equity shares aggregating to Rs 87.82 crore on rights basis.

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Outcome of board meeting of Globus Spirits
Apr 10,2017

Globus Spirits announced that the Board of Directors of the company at its meeting held on 10 April 2017 transacted the following -

Considered and approved the resignation of Rajesh Sehgal as Director of the Company with effect from 10 April 2017.

Approved the appointment of Richard Andrew Cornish Piliero (being nominee of Templeton Strategic Emerging Markets Fund IV, LDC) as an Additional Director of the company.

Board has approved the incorporation of a company in UK with an initial investment of 50 GBP by way of subscription of 50 equity share of 1 GBP each fully paid up in 50% partnership with Gapuma Group.

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Board of Hindustan Composites approves stock split and bonus issue
Apr 10,2017

Hindustan Composites announced that the Board of Directors of the Company at its meeting held on 10 April 2017, inter alia, considered the following matters:

1)Sub-division of existing 1 equity share having face value of Rs. 10/- each fully paid-up into 2 equity shares having F.V. of Rs. 5/- each,

2)Increase in Authorized Share Capital of the Company from Rs. 6 crore to Rs. 8 crore divided into 1.6 crore equity shares of Rs. 5/- each and subsequent alteration of Capital Clause of Memorandum of Association to give effect to the sub-division of shares and increase in the authorized share capital,

3)Issue of bonus shares in proportion of 1:2 (Post split face value per equity share),

4)Decided to seek shareholders approval through Postal Ballot Process for the proposed sub-division of shares, increase in authorized share capital, subsequent alteration of Capital Clause of MOA of the Company and issue of bonus shares.

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Supreme Infrastructure India provides update on Panvel Indapur Road BOT Project
Apr 10,2017

Supreme Infrastructure India announced that the Company has achieved the desired milestone of NHAI being completion of fifty percent of the EPC work in the Panvel Indapur Road BOT Project as per the independent engineer of NHAI.

Last four months have seen a progress of around seven percent on ground. Having achieved the milestone, the balance EPC work would be loan financed by NHAI for which all the required formalities in this regard is completed. NHAI has already granted the extension in the concession period by three years. The Company is executing the EPC work and the balance EPC work of approx. Rs. 559 crore would be executed by the Company and it is expected to achieve full completion of the project by March 2018.

The Company has completed construction of one way flyover at Mankoli Junction on NH-3 Thane - Nashik road. The flyover was inaugurated by Hon. Chief Minister of Maharashtra, Devendra Fadnavis on 8 April 2017.

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Uttam Sugar Mills temporarily stops manufacturing operations at Barkatpur unit
Apr 10,2017

Uttam Sugar Mills announced that the Company has received communication from the Central Pollution Control Board to close down the manufacturing operations of the Distillery Division situated at Barkatpur unit till the compliance of its directions. Accordingly, the Company has temporarily stopped the manufacturing operations to comply the directions given by the CPCB.

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Tata Motors announces Group wholesale figures
Apr 10,2017

Tata Motors announced that Group global wholesales in March 2017, including Jaguar Land Rover, were at 129,951 nos., higher by 9%, over March 2016. Cumulative wholesales for the fiscal were 11,55,253 nos., higher by 9%, over FY15-16.

Global wholesales of all Tata Motors commercial vehicles and Tata Daewoo range in March 2017 was lower by 6% at 42,596 nos., compared to March 2016. Cumulative commercial vehicles wholesales for the fiscal were 397,259 nos. higher by 1%, over FY15-16.

Global wholesales of all passenger vehicles in March 2017 were at 87,355 nos., higher by 19%, compared to March 2016. Cumulative passenger vehicle wholesales for the fiscal were 757,994 vehicles, higher by 12%, over FY15-16.

Global wholesales for Jaguar Land Rover were 71,609 vehicles.

Jaguar wholesales for the month were 20,492 vehicles, and cumulative wholesales were 178,751 vehicles, while Land Rover wholesales for the month were 51,117 vehicles, while its cumulative wholesales no. were 422,055 vehicles. Cumulative wholesales for Jaguar Land Rover for the fiscal were 600,806 vehicles.

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Noida Toll Bridge Company announces change in registered office
Apr 10,2017

Noida Toll Bridge Company announced that the Registered Office of the Company has been shifted from the State of Uttar Pradesh to the National Capital Territory of Delhi. The Registered Office of the Company will now be situated at the following address: 2nd floor, Niryat Bhawan, Rao Tula Ram Marg, Opp. Army Hospital Research & Referral, New Delhi - 110057.

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Reliance Power signs MoU with PetroBangla
Apr 10,2017

Reliance Power has signed an MoU with PetroBangla to set up 500 mmscfd LNG terminal at Kutubdia Island near Chittagong in Bangladesh. The definitive agreements for setting up the LNG terminal will be executed with PetroBangla shortly.

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