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Hi rohit-garodi,
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This could be SIM card related, I suggest testing another SIM card and see if the issue continues.
You already asked that back in December 2014
http://talk.sonymobile.com/t5/Xperia-SP/XPERIA-SP-TURNS-OFF/m-p/905788
And you replied to a post from March 2014
http://talk.sonymobile.com/t5/Xperia-SP/Sony-Xperia-SP-keeps-restarting/td-p/614627
You have answered your own question, the problem is the SIM card, get a brand new SIM card, make sure its the correct size, don't cut/trimmed the SIM card.
I agree with Uliwooly here, the issue is the SIM, I suggest doing as he says to resolve this.