Hindustan Oil Exploration a Company begins gas sales from its B-80 field with D2 well

After completing the under-buoy hose repair and reconnecting the hose to the Floating Storage Offloading (FSO) vessel, Hindustan Oil Exploration Company Limited has begun gas sales from its B-80 field with D2 well,…

GR Bandikui Jaipur Expressway gets financial closure from NHAI

The National Highways Authority of India (“Authority”) has sent a letter to GR Bandikui Jaipur Expressway Private Limited, a fully owned subsidiary of G R Infraprojects Limited, noting the financial conclusion of the…

Jaykaycem Central Ltd begins2 MTPA cement grinding capacity

At its recently built cement manufacturing facilities located in Panna, Madhya Pradesh, Jaykaycem (Central) Limited, a wholly owned subsidiary of JK Cement Limited, has successfully started cement grinding with a capacity of 2…

Yulu to invest Rs 1,200 crore in Karnataka

In a Memorandum of Understanding (MoU) signed with the Government of Karnataka, Yulu, the market leader in India for shared electric 2-wheeler Mobility-as-a-Service (MaaS) and Battery-as-a-Service (BaaS) businesses, reaffirmed its commitment to the…

Kerala Paper Products commences commercial production

The commercial production of newsprint has begun at Kerala Paper Products Ltd in Vellore. In the presence of P Rajeeve, the minister of industries, A. K. Saseendran, the minister of forest and wildlife…

Sterlite Power to invest Rs 50,000 crore in renewable energy sector

The inter-state transmission network will transport the energy from the Vedanta group’s over 1,000 megawatt wind/solar hybrid projects currently under construction in Karnataka to the smelters in Rajasthan, Chhattisgarh, and Odisha. “Over the…

Karnataka government expected to sign deals worth Rs 7.5 trillion during GIM

Karnataka is expecting to sign deals worth Rs 7.5 trillion during the three-day Invest Karnataka 2022, the state’s Global Investors Meet (GIM) which started on Wednesday. This is an increase of Rs 2.5…

JSW Steel eyes 50 MT capacity by 2030

JSW Steel, which is run by Sajjan Jindal, plans to reach a 50 million tonne (mt) capacity by 2030 to keep pace with the growth of the nation. Jindal stated that JSW Steel‘s…

IFC invests Rs 300 crore in agro-chemical firm

Agro-chemical firm Crystal Crop Protection Ltd said it has raised Rs 300 crore from IFC to fund its expansion and growth plans. International Finance Corporation (IFC), a member of the World Bank Group,…

Aaress Iron and Steel to establish plant in Karnataka

Aaress Iron and Steel Ltd, a Baldota Group affiliate, has agreed to invest Rs 18,000 crore in the construction of a steel mill in Koppal district, the firm announced on Wednesday. In a…

ABB India opens its first smart instrumentation factory in Bangalore

ABB Measurement & Analytics recently opened its first smart instrumentation factory in Bangalore, India, to support the region’s ambition of transforming into a global design and manufacturing hub. The plant is outfitted with…

Indian Railways plans freight optimisation projects worth Rs 90K cr

Railways Minister Ashwini Vaishnaw, who recently stated that the projects—both small and big—will be sanctioned in the upcoming few months and will help realise the target of loading 3,000 million tonnes (mt) of…

Garuda Aerospace signs MOU with IISc

In order to collaborate on technical drone and research operations for a two-year term, drone manufacturer Garuda Aerospace and the Indian Institute of Science (IISc) signed a memorandum of understanding (MoU) on Wednesday….

Rallis India plans a capex of Rs 250 crore

Rallis India Limited, a subsidiary of Tata Chemicals, is planning a Capex of Rs  250 crore in FY 2022-23. Speaking at Q2 FY23 Earnings Conference Call, Subhra Gourisaria, Chief Financial Officer, Rallis India…

Government gives nod to 42 firms for design-led PLI scheme

The government has received investment commitments totaling Rs 4,115 crore and approved 42 companies for the production-linked incentive (PLI) scheme for telecom and networking equipment. According to the ministry of communications, all businesses…

Attero to invest Rs 600 crore to set up recycling unit in Telangana

Attero India, a company that recovers electronic waste, will invest roughly Rs 600 crore to build a new facility in Telangana. According to IT and Industries Minister KT Rama Rao, the new facility…