CapEx News - Aug 2024

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NTPC commissions 160 MW solar capacity in Jaisalmer
Infrastructure - Aug 30,2024
NTPC has commissioned 160 MW of its 320 MW Bhainsara solar project in Jaisalmer, Rajasthan, increasing its total installed capacity to 76,294 MW. The project, managed by NTPC REL through NTPC Green En .

Rs 822 crore multi-modal facility at Broadway bus stand in Chennai gets govt nod
Infrastructure - Aug 30,2024
The Tamil Nadu government approved a revised plan for a multi-modal facility at Broadway, costing Rs 822.7 crore. The 10-floor complex will accommodate 1,100 buses, offer seamless access to metro and .

Nokia to set up world's largest fixed network testbed in Chennai
Infrastructure - Aug 30,2024
Nokia will establish the world's largest fixed network testbed in Chennai, focusing on 10G to 100G passive optical networks and other advanced technologies, with a Rs 450 crore investment. Signed .

Tamil Nadu govt inks pact with Microchip, Nokia, PayPal
Infrastructure - Aug 30,2024
The Tamil Nadu government signed MoUs with six companies, including Nokia, PayPal, and Microchip, securing Rs 900 crore in investments and creating 4,100 jobs in Chennai, Coimbatore, and Madurai. The .

Prozeal Green Energy secures major contract for 50 MWp solar power plant in Tamil Nadu
Metallurgical Industries - Aug 30,2024
Prozeal Green Energy Ltd will build a 50 MWp ground-mounted solar power plant in Tamil Nadu for ARS Steels under the Group Captive Mode, with investment from Torrent Urja 14, a Torrent Power subsidiar .

CCEA clears 12 industrial parks across 10 States
Infrastructure - Aug 30,2024
The Cabinet Committee on Economic Affairs, led by PM Narendra Modi, approved 12 industrial smart cities across six major corridors in 10 states, with a Rs 28,602 crore investment. Expected to attract .

Epic Energy to build 25 MW Solar Park in Solapur
Infrastructure - Aug 30,2024
Epic Energy and Niva Ecotech have partnered to develop a 35 MWp solar park in Solapur, Maharashtra, with Epic Renewable Projects leading the initiative. The project aims to boost India's solar ca .

Lemon Tree Hotels signs its new property in Ujjain
Infrastructure - Aug 30,2024
Lemon Tree Hotels will open a new property in Ujjain, Madhya Pradesh, by FY27, managed by its subsidiary Carnation Hotels. The 72-room hotel will include a restaurant, bar, swimming pool, and other am .