Land acquisition complete for Bhogapuram Airport

As soon as the land acquisition is over, the development work for the forthcoming greenfield international airport at Bhogapuram would pick up speed. K Mayur Ashok, Joint Collector, Vizianagaram, stated: “We have just…

Tata Steel establishes Centre for Innovation in Mobility at IIT-M

In order to create application technologies for present and future mobility platforms, steel producer Tata Steel has established a Centre for Innovation in Mobility at the Indian Institute of Technology, Madras Research Park…

Lotte Confectionary to invest Rs 450 crore in Havmor Ice Cream

Lotte Confectionary, based in South Korea, would invest Rs 450 crore in its Indian subsidiary Havmor Ice Cream over the next five years, the majority of which will go toward building a new…

Arunachal Pradesh likely to get 11 GW hydel power project

India is developing an 11,000 MW hydroelectric project on the strategically significant Siang River in Arunachal Pradesh, according to reports. “The purpose of the project, apart from generating electricity, is also to control…

Aether industries inaugurates third manufacturing site

The third manufacturing location for Aether Industries has opened for business at plot number 8202/1, road number 8, GIDC Industrial Estate, Sachin, Surat. A total of over 190 crore in capital expenditures are…

Tripura govt signs MoU with NTPC for Renewable Energy projects

The National Thermal Electricity Corporation Limited (NTPC) and the Tripura government’s power department have a contract for the construction of floating and ground-based renewable energy projects in Tripura. The agreement is for the…

Ekkaa Electronics to invest Rs 1,000 crore in new factory

Ekkaa Electronics is expanding its Noida manufacturing facility with a $1 billion investment spread over five years. It produced revenue turnover of between 425 and 450 crore in FY22. Sagar Gupta, founder, Ekkaa…

EoIfor Rs 17,000 crore transhipment port in Nicobar Islands by January end

The Expression of Interest (EoI) for the proposed International Container Transshipment Terminal at Galathea Bay in Great Nicobar Island is anticipated to be floated by Syama Prasad Mookerjee Port (SMP), Kolkata (previously Kolkata…

IIFCL extends Rs 6,630 crore loan for development of airports

India Infrastructure Finance Company Limited (IIFCL) managing director P R Jaishankar said that the company has provided a credit of Rs 6,630 crore for the construction of six significant airports around the nation…

RailTel secures Rs 170.11 crore contract from Puducherry government

The Department of Revenue and Disaster Management, Government of Puducherry, has issued a work order to RailTel Corporation of India Ltd, a Mini Ratna Public Sector Unit (PSU) under the Ministry of Railways,…

Siemens signs Rs 26,000 crore locomotive order with Indian Railways

Siemens, a leading manufacturer of capital goods, announced that it has signed a contract worth Rs 26,000 crore to produce 1,200 electric freight locomotives for the Indian Railways. The contract, which will be…

EXZOD to establish a new manufacturing plant in Hyderabad

EXZOD India will set up a manufacturing plant in Hyderabad to serve its clients in Southern India. EXZOD has three other manufacturing units in Punjab, Maharashtra and Haryana equipped with state-of-the-art automatic pallet…

L&T inks MoU with Norway-based firm to develop floating green ammonia projects

Larsen & Toubro (L&T) said that it has signed a pact with Norway-based H2Carrier (H2C) to develop floating green ammonia projects for industrial-scale applications. Under this Memorandum of Understanding (MoU), L&T will become…

Waaree Renewable secures LoA for 7 MW solar power plant

Waaree Renewable Technologies said that one of India’s top construction companies has given them a letter of award (LoA) for the construction of a 7 MW solar power plant. A letter of award…

Adani to invest Rs 600 billion in MP over the next few years

The Adani Group will invest more than Rs 600 billion in a number of Madhya Pradesh sectors, which will result in the creation of thousands of new jobs. At the seventh Madhya Pradesh…

Hindware JV establishes Rs 210 crore geyser plant at Jadcherla

Hintastica Private Limited, a 50/50 joint venture between Groupe Atlantic and Hindware Home Innovation Limited, officially opened a new production facility at Jadcherla with an investment of Rs. 210 crore. The facility would…