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Petroleum

Rs.18000 Million EPC project for a new LPG pipeline connecting Paradip, Odisha to Raipur, Chhattisgarh

Dilip Buildcon Ltd has received a Letter of Intent (LOI) from the Petroleum and Natural Gas Regulatory Board (PNGRB) for the development of an LPG pipeline connecting Paradip in Odisha to Raipur in Chhattisgarh, representing an EPC business opportunity worth approximately Rs. 18000 Million, excluding GST. The project will be implemented through a Special Purpose Vehicle (SPV) in which Dilip Buildcon will hold 100% equity, with the EPC works proposed to be awarded to Dilip Buildcon and executed over a 36-month construction period. Under the LOI, PNGRB will grant an exclusive licence to the authorised entity for laying, building, operating and expanding the petroleum and petroleum product pipeline for transportation of liquefied petroleum gas (LPG), with the operation period extending 25 years after construction. The pipeline will facilitate transportation of LPG to bottling plants of various Oil Marketing Companies (OMCs) and is proposed to function as a Common Carrier, allowing eligible OMCs and users to access pipeline capacity under the applicable PNGRB framework, generating revenue through the applicable Petroleum and Petroleum Products Pipeline Transportation Tariff. Dilip Buildcon, through the SPV, will handle design, financing, development, construction, operation and maintenance of the pipeline infrastructure but will not engage in procurement, trading, distribution or sale of LPG. A project of this nature typically requires pipe-laying and welding equipment, pumping and compressor stations, pressure regulation and metering systems, corrosion protection and cathodic protection systems, SCADA-based monitoring and control systems, and storage/bottling interface infrastructure at OMC terminals.

Manufacturing

Rs. 450.4 Million expansion of an inverter, solar and automotive battery manufacturing unit in Solan district, Himachal Pradesh.

LBG Power Pvt Ltd is undertaking an expansion of its existing battery manufacturing facility located at VPO Manpura, Dhella Road Manpura, Tehsil Nalagarh, District Solan, Himachal Pradesh, at a total project cost of Rs. 450.4 Million, comprising Rs. 50.4 Million of existing investment and an additional Rs. 400 Million for the expansion, covering land (Rs. 110 Million), building (Rs. 150 Million), plant and machinery (Rs. 156.8 Million) and other fixed assets (Rs. 33.6 Million); the expanded facility will manufacture inverter, solar and automotive batteries, raising total production capacity from 1,300,000 units to 3,000,000 units per annum, and is expected to involve installation of additional battery assembly lines, plate-formation equipment, curing and charging systems, and testing/quality-control machinery typical of a battery manufacturing plant of this scale. The estimated cost of the project is Rs.450.4 million. On February 2026, State Level Single Window Clearance Committee has approved the investment proposal. As of September 2026, the project work has commenced.

Chemicals

Rs.2907 Million expansion of a pharmaceutical formulations unit at Baddi, Himachal Pradesh

Aristo Pharmaceuticals Pvt Ltd is expanding its existing pharmaceutical formulations manufacturing facility located at Village Makhnumajra, Tehsil Baddi, District Solan, Himachal Pradesh, at a total project cost of Rs. 2907.3 Million, comprising investment of Rs. 1403.83 Million in land, Rs. 1117.004 Million in building, Rs. 1123.66 Million in plant and machinery, and Rs. 526.452 Million in other fixed assets, split between existing and proposed additional investment. The expansion will scale up the unit's product portfolio to a total capacity of 7,200,000,000 tablets, 1,450,000,000 capsules, 550,000,000 dry injections, and 69,000,000 units of dry syrup annually, requiring augmentation of formulation lines, tablet compression and coating machinery, capsule filling equipment, sterile injection filling and packaging lines, and associated utilities and quality control infrastructure typical of a pharmaceutical formulations plant. The estimated cost of the project is Rs.2907.3 million. On February 2026, State Level Single Window Clearance Committee has approved the investment proposal. As of September 2026, the project work has commenced.

Environment

Rs.3000 Million PET Recycling Plant Project in Odisha

Greenwave Circularity, a joint venture between Coca-Cola franchise bottler Moon Beverage Limited, Jainarain Fabtech, and founder-CEO Devang Kumar, has secured a $31.5 million (about Rs. 3000 Million) senior loan from OeEB, the Development Bank of Austria, to build an integrated plastic recycling facility in Odisha. The financing, signed in March and announced in September 2026, is backed by a guarantee from the European Union's European Fund for Sustainable Development Plus, and marks OeEB's first real-sector project under this guarantee programme. Once operational, the plant will process discarded polyethylene terephthalate (PET) bottles into food-grade recycled PET (rPET), with output including flakes, pellets, resin and preforms used to manufacture bottles for consumer goods companies. The facility will run on rooftop solar power and incorporate a zero-liquid-discharge effluent treatment system, and will seek LEED Gold green-building certification. OeEB estimates the project will create over 1,000 direct and indirect formal jobs. Moon Beverage brings customer and offtake relationships to the venture, while Jainarain Fabtech contributes a sourcing network for used PET bottles, giving Greenwave a supply chain spanning from bottle collection to production of recycled resin and preforms. Greenwave said the recycled PET produced at the plant could lower greenhouse gas emissions by up to 79% compared with virgin PET. Intellecap's investment banking group acted as exclusive financial adviser to Greenwave on the transaction. As an emerging circular-economy and plastics-recycling initiative, the project reflects growing investment in sustainable material recovery infrastructure in India. Typical equipment for such an integrated PET recycling facility would include bale-opening and sorting lines, washing and decontamination systems, extrusion and pelletizing units, solid-state polycondensation (SSP) reactors for food-grade resin upgrading, preform injection moulding machines, effluent treatment and zero-liquid-discharge systems, and rooftop solar power installations.

Infrastructure

Rs.81363 Million Jhansi Link Expressway Project in Uttar Pradesh

Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) has proposed the Jhansi Link Expressway, a new greenfield state highway/expressway of about 106.3 km, running from the Bundelkhand Expressway to Bida, connecting the Jhansi Defence Industrial Corridor. The project falls under Category A of the EIA Notification 2006 and involves acquisition of privately-owned agricultural (non-forest) land, with land acquisition currently in process; forest clearance is also being pursued as the alignment passes within/close to the Orai, Ait, Bamour and Chirgaon forest ranges across Jalaun and Jhansi districts. The corridor crosses the Betwa River at two locations, runs close to the UP-MP inter-state border, and passes near sensitive/populated features including Chirgaon Fort, an Army Aviation Base/Aerodrome, Jhansi city and Marai Mata Mandir Dham. As a linear road-development project rather than a manufacturing facility, construction scope typically includes earthwork and embankment formation, pavement quality concrete/bituminous paving plants, box culverts and bridges (including major river crossings over the Betwa), interchanges, and allied utility and drainage infrastructure. Total project cost has not been disclosed in the application; baseline environmental data collection (air, water, noise, soil quality across 8 monitoring stations) was carried out between March and May 2026 by the engaged EIA consultant, VVN Technologies Pvt Ltd, Hyderabad. The company start the construction Activity on July 2027 and end on June 2028.

Hospitality and Healthcare

Rs.1780 Million Shree Narayana Hospital Expansion Project in Raipur, Chhattisgarh

Health-Tech Chhattisgarh Pvt Ltd, led by Director Dr Sunil Khemka, is undertaking the proposed expansion of Shree Narayana Hospital, increasing bed capacity from 302 to 552 beds at Khasra No. 1223/8, 1123/8, 1284/3, P.H. No.-109, Village-Kanpa, District-Raipur, Chhattisgarh. The total plot area is about 2.743 acres (11,100.23 sq.m, comprising 6,070.23 sq.m existing plus 5,030.00 sq.m proposed), with total built-up area of 25,937.25 sq.m (12,910.80 sq.m existing plus 13,026.45 sq.m proposed). The total project cost is estimated at Rs. 1780.37 Million, comprising Rs. 1064.33 Million for the existing project and Rs. 716.04 Million for the proposed expansion. Construction is expected to commence around 2027, and the project is expected to generate about 100 permanent jobs during construction and increase permanent operational staff from 904 to 1,652. As a hospital expansion, the project is expected to involve installation of additional diagnostic and imaging equipment, operation theatre infrastructure, ICU and patient-care beds, medical gas pipeline systems, HVAC and sterilization equipment, effluent treatment and biomedical waste management systems, and backup power infrastructure typical of a multi-specialty healthcare facility. The project is currently under verification with the Ministry of Environment, Forest and Climate Change. The company start the construction Activity on Januay 2027 and end on December 2027.

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