CapEx News - Aug 2023

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Gruner Renewable Energy inks pact with BioEnergy Germany for India’s first Napier Grass Bio-CNG Plant
Power Generation - Aug 16,2023
GRE, a prominent player in the renewable energy industry, has announced India's first Napier Grass Bio-CNG facility in Maharashtra's Wardha region. This advanced plant, a collaboration betwe .

Amit Shah lays foundation of IFFCO Nano DAP
Chemicals - Aug 14,2023
Union Home Minister and Minister of Cooperation, Amit Shah, performed the Bhumi Pujan for the IFFCO Nano DAP Plant in Gandhidham, Gujarat. Present were Gujarat Home Minister Harsh Sanghavi, IFFCO offi .

Insecticides India to invest Rs 150 crore on capacity expansion in next two years
Chemicals - Aug 14,2023
Insecticides India Ltd (IIL) MD Rajesh Aggarwal announced a Rs 150 crore investment for capacity expansion in Rajasthan and Gujarat, along with new product launches before 'Navratri'. About .

Amara Raja to establish innovation centre in Hyderabad
Power Generation - Aug 14,2023
Amara Raja Batteries Limited (ARBL) initiated the establishment of "E Positive Energy Labs," an advanced energy research and innovation center, at GMR Aerocity. The event was attended by Minister KT R .

NEEPCO inks MoU with Arunachal Pradesh to establish 2620 MW hydro project
Power Generation - Aug 14,2023
NEEPCO, a subsidiary of NTPC, has inked an agreement with the Arunachal Pradesh government to develop 2620 MW hydropower projects. The signing, which occurred on August 12, 2023, in Itanagar, aims to .

SK Hynix denies negotiation with SRAM & MRAM for chip plant
Manufacturing - Aug 14,2023
South Korean company SK Hynix has denied engaging in negotiations with SRAM & MRAM Group for an Indian semiconductor testing or manufacturing facility. SRAM & MRAM Group had earlier indicated talks wi .

Euro Panel Products plans to invest Rs 35 crore
Building Materials - Aug 14,2023
Euro Panel Products MD Rajesh Shah plans to invest 35 crore to meet rising demand. The company, currently operating four production lines, will expand to six lines, aiming for 30,000 sq. mt. daily cap .

Servotech inks MoU with UP government to establish EV Charger manufacturing plant in UP
Automotive Industries - Aug 14,2023
The Government of Uttar Pradesh and Servotech Power Systems Ltd., a leading EV charger manufacturer in India, have signed an MoU to establish an EV charger manufacturing factory with backward integrat .