Aether takes possession of new industrial premises in Gujarat

Aether Industries has acquired and taken possession of New Industrial Premises in Gujarat. The location is close to the recently acquired Tract No. 8202/2/A (which we referred to as “Manufacturing Site – 3+”)…

ONGC to invest $2 billion in Mumbai to increase oil and gas output

ONGC, the largest oil and gas producer in India, will spend more than $2 billion drilling 103 wells, a record, on its main gas-bearing asset in the Arabian Sea as it pivots a…

NHLML, Jodhpur Discom to establish 11 solar power plants on expressways

At a part of the Amritsar-Bhatinda-Jamnagar Expressway that runs through Rajasthan, the National Highways Logistics Management Limited (NHLML) and Jodhpur Discom have inked a contract to build 11 solar power plants at six…

India to soon commence manufacturing of semiconductors

Alkesh Kumar Sharma, the secretary for electronics and information technology, announced that the nation will soon begin producing semiconductors. He was responding to a question regarding the Ministry of Electronics and IT’s action…

Bristol Myers Squibb to invest Rs 800 crore in Hyderabad

An investment of Rs 800 crore will be made by Bristol Myers Squibb, the top pharmaceutical business in the world, to build this state-of-the-art facility, according to a Telangana government press release. The…

H G Infra Engineering Ltd emerges as L-1 bidder for RVNL project

For the project “Construction of Foundations, Substructure & Superstructure along with River Training / Protection Work, Earthwork & Allied Works for Viaduct 1 & 2 in Between Chainage Km 47+415 To Km 50+900,…

Lemon Tree adds a new facility in Bhopal

The Lemon Tree Hotel in Bhopal, Madhya Pradesh, was recently added to the Lemon Tree Hotels portfolio. The facility will be operated by Carnation Hotels Private Ltd, a fully-owned subsidiary and the management…

East Coast Road expansion project to be realigned

The ECR renovation will boost international trade and industrial production along the southern coast, which will benefit the state’s socioeconomic situation. The National Highways Authority of India may realign the East Coast Road…

Four-lane wide section of NH-344A being built under hybrid annuity method

The four-lane wide section of NH-344A from Phagwara to Rupnagar is being built under a hybrid annuity method, according to Union Minister Nitin Gadkari, at a cost of Rs 1,367 crore. In the…

Bihar to get Bharatmala road projects worth Rs 44,950 crore

In order to create a network of roads, motorways, and motorways across India, Bharatmala, a centrally supported project, will spend Rs 44,950 crore in Bihar in 2023–2024, according to senior BJP leader Ravi…

EID Parry to invest Rs 286 crore to increase ethanol production

The board of EID Parry, a manufacturer of sugar, has approved an expenditure of Rs 87 crore to increase ethanol capacity by scaling up output at its distillery business. Murugappa Group company reported…

Orient Cement terminates agreement with Adani Power to establish factory in Maharashtra

The Memorandum of Understanding (MoU) between Orient Cement and Adani Power to establish a cement grinding facility in Maharashtra was dissolved. In a statement, Orient Cement stated that it and Adani Power Maharashtra…

British International Investment to invest Rs 1,925 crore in Mahindra EV arm

Mahindra & Mahindra announced that British International Investment (BII) will invest Rs 1,925 crore ($250 million) in a new four-wheeler passenger electric vehicle company to be established by the Indian auto major. The…

Everest Industries to establish a new manufacturing plant in AP

The establishment of a new manufacturing plant in Andhra Pradesh will cost a total of Rs 125 crore, according to a statement released by Everest Industries Ltd. The Board of Directors approved a…

Delta Electronics lines up capital investment for $ 500 million in India

Delta electronics has lined up a capital investment of $ 500 million for its India business. Delta Electronics managing director Niranjan Nayak said that the investment will be spent over the next five…

Schneider Electric too invest Rs 1,400 crore in five new plants in India

In the next two years, Schneider Electric, a European energy management business, aims to invest 1,400 crore to construct five new plants. The company currently operates 30 facilities in India, which is its…