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Tata Motors to invest Rs 914 crore in new plant at Panapakkam, Tamil Nadu
Automotive Industries - Dec 24,2024
Tata Motors plans to invest Rs 914 crore in a new vehicle manufacturing plant in Tamil Nadu, with an annual capacity of 2.5 lakh units. The facility, focused on high-end cars, SUVs, electric, and luxu .

RVNL secures Rs 270 crore metro station project in Maharashtra
Automotive Industries - Dec 16,2024
Rail Vikas Nigam (RVNL) has received a Rs 270.78 crore contract from Maharashtra Metro Rail Corporation to construct ten elevated metro stations in Nagpur's Phase II. The project includes seven s .

RVNL secures letter of award for Southern Railway contract
Automotive Industries - Dec 13,2024
Rail Vikas Nigam (RVNL) has received a contract from Southern Railway worth Rs 111 crore. The project involves providing MSDAC with existing DCTC at stations and replacing AFTCs across the Chennai Div .

Candytoy raises Rs 110 crore funding, to expand facilities
Automotive Industries - Nov 27,2024
Candytoy Corporate secured Rs 110 crore in a Series A funding round, led by domestic investors, HNIs, angel investors, and institutions. The funds will expand manufacturing and attract top talent to s .

Hindustan Zinc emerges preferred bidder for gold mine block
Automotive Industries - Nov 19,2024
Hindustan Zinc has emerged as the preferred bidder for the Dugocha Gold Block in Rajasthan, securing a composite licence through a state government auction. The block spans 472 hectares with an estima .

Aurionpro Solutions wins contract for Chennai Metro Phase 2 automatic fare collection system
Automotive Industries - Nov 09,2024
Aurionpro Solutions has won a contract from Chennai Metro Rail Limited to implement an advanced Automatic Fare Collection (AFC) system for Phase 2 of the Chennai Metro expansion. This system will feat .

Endurance Technologies Limited approves capex for alloy wheels facility at AURIC, Bidkin
Automotive Industries - Oct 14,2024
Endurance Technologies Limited has received approval for capital expenditure to establish a new facility for manufacturing alloy wheels for two-wheelers in Aurangabad Industrial City, spanning ~30 acr .

GR infraprojects secures Rs 1,670 crore for greenfield power transmission expansion
Automotive Industries - Oct 03,2024
GR Infra Projects is raising Rs 1,670 crore in equity capital through Standard Chartered Bank to develop greenfield power transmission projects. As India targets 500 GW of renewable energy capacity by .