🇮🇳 India Daybook: NCC Bags ₹1,077-Cr Water Project, IRFC Signs ₹4,200-Cr DVC Pact

📍 ORDER WINS & CONTRACTS

• NCC: Received a Letter of Acceptance valued at ₹1,076.71 crore from the Government of Andhra Pradesh for a drinking water supply project.
• IRFC: Signed a ₹4,200 crore loan agreement with Damodar Valley Corporation (DVC) to finance renewable energy and related infrastructure projects.
• Vikram Solar: Secured a 400 MW module supply order from a leading EPC player for agri-solar projects located across Maharashtra.
• Ellenbarrie Industrial Gases: Bagged a ₹480.73 crore turnkey contract from BHEL to build a 1,200 TPD cryogenic air separation unit for BHEL's Coal to Ammonium Nitrate project in Odisha.

📍 M&A AND PARTNERSHIPS

• HCL Technologies: Announced the strategic acquisition of automation specialist Robotiq.ai to strengthen its digital transformation and intelligent process automation capabilities.
• Sudarshan Chemical Industries: Approved the acquisition of a 15.89% stake in Sudarshan Colorants for a consideration of ₹151 crore.
• Pidilite Industries: Entered into a strategic partnership with Hwaseung Chemical to bring advanced footwear adhesive and bonding technologies to the Indian domestic market.

📍 BUSINESS UPDATES & EXPANSIONS

• Tata Motors PV: Expanded its Battery-as-a-Service (BaaS) ownership program across its entire passenger electric vehicle (EV) model range.
• SignatureGlobal: Announced a luxury farmhouse villa development spanning 194.22 acres in Gurugram West, offering 6.77 million sq. ft. of development potential with an estimated gross development value (GDV) of ₹5,500–6,000 crore.
• TGV SRAAC: Added an additional 5 MWp solar capacity, increasing its total operational solar power footprint to 70.4 MWp.

📍 FUNDRAISING & DEBT ISSUANCE

• Piramal Finance: Approved the issuance of secured, rated, listed non-convertible debentures (NCDs) aggregating up to ₹2,000 crore via private placement.
• Clean Max Enviro: Raised ₹2,500 crore through green debt securities (NCDs) via private placement to finance ongoing clean power installations.
• Aditya Birla Capital: Board approved the allotment of NCDs worth ₹500 crore on a private placement basis.

📍 MANAGEMENT CHANGES

• Allcargo Logistics: Managing Director & CEO Ketan Kulkarni has resigned effective December 31 to transition into the Chief Growth Officer role; Vijay Nehra has been named MD-designate effective October 1 and will formally take charge as MD & CEO starting January 1 for a five-year tenure.

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