Grasim Industries to invest Rs 3,117 crore

Grasim Industries‘ chairman, Kumar Mangalam Birla, the Aditya Birla Group’s flagship company will invest Rs 3,117 crore in its current operations in FY23. This investment would go toward upgrading and expanding plant capacity….

Suzuki Motor to invest Rs 18K cr for setting up EV battery unit

Suzuki Motor Corporation revealed plans to open a new research and development (R&D) facility in India. Prime Minister Narendra Modi recently laid the cornerstone for the company’s electric vehicle battery production facility in…

Adani group to construct 1,000 MW data centres

Adani Group company AdaniConneX plans to construct 1,000 megawatt data centres over the course of ten years, nearly doubling the current scale of the whole industry. Sanjay Bhutani, Senior Vice President and Head…

NHPC inks pact with Himachal Pradesh govt for 500 MW Dugar hydro project

The 500 MW Dugar Hydroelectric Project will be implemented in the Chamba district according to an agreement between the Himachal Pradesh government and the state’s dominant hydropower company, NHPC. A statement read, “NHPC…

NTPC board approves Rs 11,843 crore investment for 1320 MW Talcher power project Stage-III

The board of state-run power giant NTPC has approved an investment of Rs 11,843.75 crore for 1,320 MW Talcher Thermal Power Project, Stage-III. “Board of Directors of the Company has accorded investment approval…

ABB announces expansion and upgradation of Smart Power factory in Nelamangala

Electronics and automation giant ABB India announced that it has rebuilt and extended its smart power factory in Nelamangala, Bengaluru, in order to keep up with the rapid increase in demand for its…

Adventz Group plans to sell Mangalore Chemicals to Chambal Fertilizers

The Adventz Group, a diversified business run by Saroj Poddar, is considering a plan to sell Mangalore Chemicals to Chambal Fertilizers in an effort to restructure its corporate structure. Poddar owns a 54…

Reliance Industries Limited to invest in polyester capacity expansion

Reliance Industries Limited (RIL), an Indian multinational conglomerate, would invest in capacity growth in the polyester value chain over the next five years, the company’s chairman Mukesh Ambani announced at the 45th Annual…

Trilateral agreement signed to develop modern multi modal logistics park in India

In order to centralise freight consolidation and lower logistics costs from 14% of GDP to less than 10% of GDP in line with worldwide standards, a tripartite agreement for the quick establishment of…

Rajasthan receives investment commitments worth Rs 69,789 crore

A MoU signing ceremony was held in the nation’s capital as a part of the upcoming Invest Rajasthan 2022 investors event, which was organised by the Rajasthan government. Avaada Energy’s proposed Rs 40,000…

Samsonite to have its largest manufacturing facility in India

By significantly increasing the capacity of its production in Nashik, Maharashtra, international luggage producer and retailer Samsonite intends to have its largest manufacturing facility in India. In Europe, the corporation has two further…

Gensol Engineering Ltd receives several orders for building solar power projects

Gensol Engineering Limited has received purchase orders from reputable clients for the development of solar power projects totaling approximately 55.8 MWp in the states of J&K, Gujarat, Punjab, Rajasthan, Tamil Nadu, and Telangana….

Indian Hotels Company Limited considers expansion in both greenfiled and brownfield projects

To expand its presence in Gujarat, Indian Hotels Company Limited (IHCL) is considering expansion options in both greenfield and brownfield projects. According to IHCL Executive Vice President Deepika Rao, the company has 19…

Shiva Engineering Services bags EPCM services contract

An EPCM services contract has been given to Shiva Engineering Services (SES) for the upcoming specialty chemical factory in Dahej. As part of the agreement, Shiva Engineering Services will offer one of the…

HPCL commissions first cow dung to compressed Biogas Project in 2023

As part of its commitment to environmental protection and a paradigm-shifting step toward green energy, HPCL launched its first compressed biogas from cow dung project. The project’s founding rituals took place at Shree…

EverEnviro to build fourteen compressed biogas facilities

With a capital investment of $1 billion, EverEnviro Resource Administration Pvt Ltd (Ever Enviro), a fully owned subsidiary of Green Growth Equity Fund (GGEF), intends to build fourteen compressed biogas facilities around the…