Top Corporate news of the day - September 22, 2015

Check out the most important news stories which captured the headlines at the corporate level in India and internationally

IT major Infosys has won a Rs14bn contract from GST Network (GST-N) to build the IT system so that the goods and services tax (GST) regime is rolled out on schedule. The company is supposed to lay the IT-backbone to implement the GST regime. Once the backbone is ready, Infosys will operate it for five years. 

Leading NBFC L&T Finance Holdings sold 5.27% promoter stake to leading private equity firm Bain Capital through an issue of preferential shares and warrants for about Rs7bn.

Wind turbine maker Suzlon Group said that its cumulative installations in Maharashtra have surpassed 2,000 MW with over 1,900 windmills during the first half of the year. Suzlon's projects in Maharashtra are spread across eight districts in over 40 sites. 

Engineering major Larsen & Toubro has bagged orders worth Rs18bn across various verticals so far in this month, including an order worth Rs7.4bn from a leading real estate company to construct a commercial complex in Gurgaon. 

SRS Ltd will invest up to Rs9bn in the next two years to expand retail network of its various consumer centric businesses such as hospitality, cinema, jewellery and real estate. It is also foraying into the pharmacy business with the launch of 30 'SRS Pharmacy' stores this year. 

Aditya Birla Minerals Ltd (ABML) will sell its closed Birla Mt Gordon (BMG) copper mine in Queensland, Australia to Lighthouse Minerals Holdings Pty Ltd for around $10.75 million. BMG, located in northwest Queensland, was set up to produce copper concentrate at around 1.4 million tonnes per annum. The operation has been put under care and maintenance since April 2013. 

California-based BioMarin Pharmaceutical has entered into a settlement agreement with Dr Reddy's Laboratories to resolve patent litigation in the US regarding Kuvan, the former's 100mg oral tablets. 

Ahmedabad-based leading denim fabric maker, Nandan Denim Limited (NDL) is set to raise Rs500mn by issuing 2.5 million fully convertible warrants (FCWs) to UK-based foreign institutional investor, Polus Global Fund. As per an official statement by the company, the warrants will be converted into equity shares at Rs 200 per share within 18 months time.