JICA signs Loan agreement with India to provide Japanese ODA loans of 312.258 billion yen

Japan International Cooperation Agency signed Japanese ODA Loan Agreements with the Indian government in Delhi, to provide Japanese ODA loans of upto a total of 312.258 billion yen for seven projects. The loan…

Jindal Steel and Power bags two coal blocks in Odisha

Jindal Steel and Power Limited (JSPL) has been awarded two coal blocks for commercial coal mining in the state. The Angul-Talcher coal belt’s Utkal B1 and B2 coal blocks, with geological reserves of…

NTPC announces commercial operation of 22 MW capacity in Kerala

The commercial operation of 22 megawatts of floating solar capacity in Kayamkulam, Kerala, was announced by NTPC. The capacity is part of the NTPC’s 92 MW Kayamkulam floating solar PV plant, which started…

Switch mobility to invest 300 million pounds in India

Switch Mobility, a subsidiary of the Ashok Leyland group, has announced intentions to invest £300 million in the UK and India to expand its electric buses and light commercial vehicles. As part of…

ONGC to add another basin on production

The Vindhyan Basin, is being commercialised by ONGC. This would be India’s ninth producing basin, and ONGC’s eighth. This follows the dedication of the eighth Indian Basin, the Bengal Basin, to the country…

Hindustan Zinc to invest Rs 350 crore in a special purpose company

Hindustan Zinc Limited (HZL) said that it will invest Rs 350 crore in a special purpose company to generate up to 200 megawatts (MW) of renewable energy capacity. HZL said in a statement…

Wipro GE Healthcare annoucnes opening of new manufacturing plant under PLI scheme

Wipro GE Healthcare has announced the opening of a new manufacturing plant under the Production Linked Incentive (PLI) Scheme of the Indian government. Wipro GE Medical Device Production Factory (MDM) is a new…

Hemani Industries to raise Rs 2,000 crore through IPO

Hemani Industries Limited (Hemani), a maker of specialty chemicals, will raise 2,000 crore through an IPO (IPO). The money will be used to expand the capacity of Saykha Industrial Estate’s benzaldehyde (BCHO), benzyl…

Pannur and Parandur shortlisted for Chennai’s second airport

The Ministry of Civil Aviation has shortlisted two sites – Pannur and Parandur – to build the second airport in Chennai and has referred them to the state government. The ministry shortlisted two…

Sundram Fasteners to spend Rs 350 crore to manufacture AAT components

Under the government’s PLI plan, Sundram Fasteners has stated that it will invest Rs 350 crore in the manufacture of advanced automotive technology (AAT) components. This is part of the company’s planned investment…

UAE company to invest Rs 1500 cr in AP

A Mulk Holdings team lead by international chairman Nawab Shaji ul Mulk met with Chief Minister Y.S. Jagan Mohan Reddy at the camp office in Hyderabad to discuss their business plan in Andhra…

Maris Spinners Ltd Board of Directors approves to expand capacity

Board of Directors proposed expanding Maris Spinners Ltd’s manufacturing capacity, subject to the necessary permissions. Plant 1 in Hunsur, Mysore, currently has a capacity of 28704 spindles and is operating at 100% capacity….

Exide Industries to invest Rs 6,000 crore in Karnataka

Exide Industries has announced a Rs 6,000 crore investment in Karnataka. This is for the construction of one of the world’s largest giga factories for advanced cell chemistry. “Exide Industries MD & CEO,…

Ashoka Buildcon gets LoA from NHAI for road project

‘Development of 6 lane Access Controlled Greenfield highway from KM 162.500 to KM 203.100, Baswantpur to Singondi Section of NH 150 C (Package 4 of Akkalkot KNT of IS Border) on Hybrid Annuity…

Ajanta Soya Ltd completes solar power project of 1300KWP

Ajanta Soya Ltd has completed a solar power project with a capacity of 1300 KWP for captive consumption in the state of Rajasthan, located outside of the village of Jhinjhinyali, Tehsil Fatehgarh, Distt.:…

Cosmo Films to expand by establishing a CPP film production line

Cosmo Films Limited, a global leader in films for packaging, labelling, lamination, and synthetic paper, as well as an emerging player in specialty chemicals, polymers, and pet care, announced that it will expand…