AAI private airport operators to invest Rs 98000 crore for development of new and existing airports

  Government and other private entities are to spend up to 98,000 crore on the infrastructure development of airports over the next five years, the minister VK Singh said in a written reply…

NDB approves US $ 346.72 million loan for corridor 4 of Chennai Metro Phase 2

The Board of Directors (Board) of the New Development Bank (NDB) held its 38th Meeting in a virtual format and approved various project proposals including Corridor 4 of Phase II of Chennai Metro…

Rs 60,000-crore gems and jewellery park to come up in Navi Mumbai

Devendra Fadnavis, the deputy chief minister of Maharashtra, announced that one of the largest gem and jewellery parks in the world will be built in Navi Mumbai at a cost of Rs 60,000…

Land acquisition begins for Thiruvananthapuram Outer Ring Road Project

The Outer Ring Road (ORR) project surrounding Thiruvananthapuram, the capital of Kerala, has started the land acquisition phase. The National Highways Authority of India (NHAI) and the revenue department have begun erecting the…

TSF Group unveils manufacturing unit of Leggaro Composites

Leggaro Composites’ manufacturing facility was officially opened by the TSF Group, a division of the former TVS Group, in order to increase its footprint in the nation. The manufacturing facility was a component…

Arjas Steel to invest Rs 610 crore to augment capacity

Arjas Steel, previously Gerdau Steel, announced a Rs 610 crore capital expenditure to boost its annual production capacity to 5.5 lakh tonne, an increase of more than 37.5% above its current capacity across…

Construction of Adani port in Kerala to speed up to meet deadline

Kochi local administration said that one week after four months of protests at the construction site, that work on a $900 million port being built by India’s Adani Group in the state of…

M&M approves Rs 10,000-crore to boost EV manufacturing goal

Automaker Mahindra & Mahindra said that it has approved an investment of Rs 10,000 crore for the construction of an electric vehicle manufacturing facility in Maharashtra, which will be funded by the state’s…

Neuron Energy to invest Rs 50 crore in lithium-ion battery pack segment

India’s Neuron Energy Private Limited, a maker of lithium-ion battery packs for electric two- and three-wheelers, intends to invest 50 crore in this market. The investment will be made up of a working…

Japanese firm Taikisha to invest Rs 126 crore in Hyderabad

With an investment of Rs 126.2 crore, Nicomac Taikisha Cleanrooms will build its third production facility in Hyderabad. The announcement was made with IT and Industries Minister KT Rama Rao in attendance. Engineering…

UltraTech Cement commissions new grinding facility in Rajasthan

At Pali Cement Works in Rajasthan, UltraTech Cement has started up a 1.9 mtpa greenfield clinker-backed grinding capacity. This is a part of the initial capacity expansion phase that was revealed in December…

UP govt signs MoU with Lulu group to set up six shopping malls and one hotel

With a goal of building six malls and one hotel in the state, the Uttar Pradesh government and the Lulu Group have inked an agreement known as an MoU. Rakesh Sachan, the minister…

Data Patterns to enter satellite manufacturing

Data Patterns, a company with its headquarters in Chennai and a primary focus on producing radars for the military, has announced plans to start producing satellites as well, according to S Rangarajan, the…

Vedanta signs pacts with 30 Japanese firms to develop Indian semiconductor manufacturing ecosystem

In order to create an Indian semiconductor and glass display manufacturing ecosystem, Vedanta Group announced on Tuesday that it had agreements in place with 30 Japanese technology businesses. The agreements were signed last…

Sunsure commissions 74 MW industrial solar park in TN

A 74MWp Open Access Solar Power Plant in Tamil Nadu’s Tirunelveli area was built by Sunsure Energy. By the time this project is finished on September 25th, 2022, Sunsure will have installed solar…

Bengal govt approves 14 industrial parks covering over 800 acres under SAIP scheme

West Bengal government has already given final approval for the establishment of 14 industrial parks, involving 813.43 acres of land, as a result of Chief Minister Mamata Banerjee’s decision in September of last…