CapEx News - Feb 2024

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JTEKT India Limited to increase capacity of MS-Gear Line
Manufacturing - Feb 29,2024
JTEKT India Limited plans to expand its MS-Gear Line capacity by approximately 0.4 million units to meet rising demand from Indian OEMs. Financed through internal accruals and borrowings, the move dem .

JSW Neo Energy receives LoA for 700 MW ISTS- connected solar project from SJVN
Power Generation - Feb 29,2024
JSW Neo Energy, a subsidiary of JSW Energy, secures a 700 MW solar capacity award from SJVN, increasing its locked-in capacity to 11.0 GW, including 1.4 GW of solar capacity. JSW Energy aims for 9.8 G .

Suzlon bags 30 MW wind project from EDF Renewables
Power Generation - Feb 29,2024
Suzlon secures a 30 MW wind power project order from EDF Renewables in Gujarat. The project includes installation of 10 WTGs with a rated capacity of 3 MW each. Suzlon will provide supply, supervision .

Maharashtra invites bids for a new port at Murbe
Infrastructure - Feb 29,2024
The Maharashtra Maritime Board's decision to solicit global bids for constructing the Murbe Port in Palghar district has stirred controversy, given its proximity to the ongoing Vadhavan Port proj .

JSW Energy bags 700 MW solar project from SJVN
Power Generation - Feb 28,2024
JSW Energy's subsidiary, JSW Neo Energy Ltd, secured a 700 MW solar project from SJVN under a tariff-based competitive bid. With this, JSW Energy's total locked-in capacity reaches 11.0 GW, .

PM unveils 2,000 railway projects worth Rs 41,000 crore
Infrastructure - Feb 28,2024
Prime Minister Narendra Modi virtually inaugurated and laid foundation stones for 2,000 railway projects valued at Rs 41,000 crore. He highlighted the role of youth in India's development and emp .

Yogi opens S Asia’s largest ammunition facility in Kanpur
Manufacturing - Feb 28,2024
Chief Minister Yogi Adityanath inaugurated Adani Group's expansive ammunition manufacturing complex in Kanpur, part of the UP defence corridor. Spanning 500 acres, it's touted as South Asia& .

Govt ropes in IIT Delhi to pick locations for new industrial smart cities
Manufacturing - Feb 28,2024
NICDC and FITT-IITD signed an MoU to assess optimal locations for greenfield industrial smart cities in India using PM GatiShakti principles. This supports India's goal to become a global manufac .