🇮🇳 India Daybook: Signature Global Eyes ₹6,000-Cr Villa Enclave, PC Jeweller Achieves Debt-Free Status

📍 ORDER WIN

• Larsen & Toubro / Rashtriya Chemicals and Fertilizers (RCF): State-owned RCF has approved the placement of a purchase order valued at ₹797 crore (excluding taxes) with Larsen & Toubro Ltd for the comprehensive revamp of its ammonia plant.

📍 DELEVERAGING & BALANCE SHEET RESTRUCTURING

• PC Jeweller: The jewellery retailer announced that it has successfully discharged its remaining outstanding debt across all 14 consortium banks ahead of schedule under its One-Time Settlement (OTS) framework, formally achieving debt-free status.

📍 LAND ACQUISITIONS & REAL ESTATE EXPANSION

• Signature Global (India): The developer announced its entry into Gurugram West (Farrukhnagar) to build an ultra-luxury farmhouse villa project spanning 194.22 acres (25 acres acquired outright for ₹150 crore and 169.22 acres via collaboration agreements). The project adds 6.77 million sq ft of developable area and holds an estimated Gross Development Value (GDV) of ₹5,500–6,000 crore.

📍 STRATEGIC MOUS & JOINT VENTURES

• Steel Authority of India (SAIL) / Bharat Coking Coal (BCCL): SAIL and Coal India subsidiary BCCL have signed a Memorandum of Understanding for the joint development and operation of SAIL's Indikatta Ramnagore and BCCL's East of Damagoria coal blocks in West Bengal to boost domestic coking coal supply.

📍 MERGERS & CORPORATE RESTRUCTURING

• Adani Power: The company has received final National Company Law Tribunal (NCLT) approval and completed the scheme of amalgamation to merge 10 wholly owned subsidiaries—including Vidarbha Industries Power Ltd (VIPL)—into the parent firm, concluding its group restructuring exercise.

📍 FUNDRAISING & CAPITAL ALLOCATION

• Power Grid Corporation of India: The board of directors has approved a proposal to raise up to ₹10,000 crore via an unsecured rupee term loan/line of credit from State Bank of India.
• One 97 Communications (Paytm): Completed an additional capital infusion of ₹100 crore into its subsidiary, Paytm Money, through a rights issue.

📍 ACQUISITIONS & INVESTMENTS

• KPI Green Energy: Its subsidiary SunDrops Energia Ltd (SDEL) concluded the acquisition of 1.07 crore equity shares of DMGEL, representing a 62.91% stake in the entity.
• Cupid: The company's board approved the conversion of up to 30 lakh warrants into equivalent equity shares of Baazar Style Retail Ltd.

📍 OPERATIONS & REGULATORY

• Unichem Laboratories: The United States Food and Drug Administration (USFDA) concluded an inspection at the company’s formulation manufacturing unit located in Pilerne, Goa.
• Sedemac Mechatronics: Commenced limited commercial production at its newly constructed manufacturing plant in Shinde village, Pune district, Maharashtra.

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