CapEx News

Vedanta and Foxconn end their joint venture for chip plant in India

Manufacturing Jul 11,2023

Vedanta and Foxconn have ended their joint venture to build a Rs 1.54 trillion semiconductor and display manufacturing facility in Gujarat, India. The project, which aimed to establish the first semic

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ONGC, RIL among top bidders for oil and gas blocks

Petroleum Jul 11,2023

In the ninth round of auctions under the open acreage licensing policy (OALP), state-owned companies ONGC and Oil India Ltd, along with Reliance-BP, Vedanta, and Sun Petrochemicals Pvt Ltd, have submi

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Prominent JV resubmits application to establish manufacturing unit incentives

Manufacturing Jun 28,2023

The Vedanta-Foxconn joint venture has resubmitted an application to establish a chip manufacturing facility in India. Their previous application failed to qualify for financial incentives due to a lac

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