CapEx News - Aug 2023

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Punjab Renewable seeks to raise Rs 150 crore
Power Generation - Aug 10,2023
Punjab Renewable Energy Systems Pvt Ltd (PRESPL), a biomass steam production company, aims to raise Rs 150 crore. Major shareholders, including NEEV Fund, Mitsui of Japan, and Shell, have the choice t .

Tender floated for BG track on Shorapur and Shahpur under Gadga-Wadi New Line project
Infrastructure - Aug 10,2023
South Western Railway has invited proposals for a new broad gauge line track between Shorapur and Shahpur as part of the Gadag-Wadi New Line Project. The 257 km section entails signaling, telecommunic .

Smart City works worth Rs 942 crore underway at Visakhapatnam: Kaushal Kishore
Infrastructure - Aug 10,2023
Visakhapatnam is among four Andhra Pradesh cities selected for the Smart Cities Mission from 2015 to 2018, confirmed Union Minister Kaushal Kishore. Of the Rs 942 crore sanctioned for 61 projects, Rs .

Eastern Dedicated Freight Corridor to be completed by end of this year
Infrastructure - Aug 10,2023
Indian Railways aims to operationalize over 1,300 route miles of the Eastern Dedicated Freight Corridor by year-end, with 77% completed by June. The Sonnagar-Ludhiana line's track connection was .

Banana processing cluster under SFURTI will be established at a cost of Rs 121 core: Jawahar Reddy
Food Processing - Aug 10,2023
Andhra Pradesh's Chief Secretary KS Jawahar Reddy reviewed plans for a banana processing cluster in Pulivendula, Kadapa district. The cluster, supported by the Union Ministry of MSME's SFURT .

Gujarat govt signs MoUs with four companies for Rs. 1113 crore investment in the State
Manufacturing - Aug 09,2023
In preparation for the 2024 Vibrant Gujarat conference, the state government and four corporations signed MoUs for a total investment of Rs. 1113 crore. Meghmani Crop Nutrition Ltd will construct a $3 .

Jharkhand to establish India's first hydrogen fuel related industry in Jamshedpur
Power Generation - Aug 09,2023
Jharkhand's Chief Minister Hemant Soren greenlights a Rs. 354.28 crore investment for India's inaugural hydrogen fuel plant in Jamshedpur. TCPL Green Energy Solutions, a Tata Motors and Cumm .

Genus Power Infrastructures secures order worth Rs 2,210 crore
Infrastructure - Aug 09,2023
Genus Power Infrastructures has secured a Rs 2,209.84 crore order for 21.77 lakh smart pre-paid power meters installation. They received a letter of award for this advanced metering infrastructure pro .