TOP CORPORATE NEWS - 08 JUN 2016

Crompton receives approval to raise Rs700 crore via NCDs

Crompton Greaves Consumer Electricals (CGCEL) has received its shareholders approval to raise around Rs700 crore through the issuance of non-convertible debentures (NCDs) on private placement basis.

The stock opened at Rs71.50 marking days low at Rs70.60 with an intraday high of Rs 75.55.

Strides Shasun receives EIR report from USFDA

Strides Shasun receives EIR report from USFDA – Positive for Strides

Strides Shasun has received Establishment Inspection Report (EIR) from the US health regulator on closure of inspection of its oral dosage facility at Bengaluru.

Strides's KRS Gardens facility manufactures oral dosage forms including tablets, capsules (both hard and soft gelatin).

The manufacturing plant supports important current and future submissions for the US market.

L&T signs contract to build stadium in Qatar

Larsen & Toubro (L&T) has said that its construction arm, along with its JV partner in Qatar, Al Balagh Trading & Contracting, has signed a contract to build a 40,000 seater stadium, as part of the sports infrastructure being readied by the Emirate in preparation of the 2022 FIFA World Cup.

Aurobindo gets USFDA nod for amiodarone hydrochloride

Aurobindo gets USFDA nod for amiodarone hydrochloride, used to help keep the heart beating normally in people with life-threatening heart rhythm disorders of the ventricles – Positive for Aurobindo.

Siemens gains after winning new order

Siemens announced that the company along with Siemens Bangladesh has won an order from Power Grid Company of Bangladesh (PGCB) to design, procure, supply, install, test and commission 230/132 kilovolt (KV) gas insulated switchgear substation along with 225/300 Mega Volt Ampere (MVA), 132/33 and 50/75 MVA transformers at Keraniganj within Dhaka.

                                     

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