CapEx News - Aug 2023

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Tata Power signs 2,800-MW hydro power storage project deal with Maharashtra
Power Generation - Aug 09,2023
Tata Power and the Maharashtra government have agreed to establish two significant pumped hydro storage projects with a total capacity of 2,800 MW. The projects, located in Pune and Raigad districts, .

NTPC Renewable Energy bags bid for 80 MW solar project in Khandwa
Power Generation - Aug 09,2023
NTPC Renewable Energy Ltd was awarded an 80 MW floating solar project in Khandwa, Madhya Pradesh. NTPC will supply electricity to the state's discoms through this project. The bidding took place .

Aparna Enterprises sets aside a capex of Rs 150 cr in capacity expansion
Building Materials - Aug 09,2023
Aparna Enterprises plans a 150 crore investment in business expansion for 2023–2024. Part of this sum, around 100 crore, will establish a uPVC production unit near Hyderabad, elevating uPVC profile .

Adani receives financial closure on Mumbai green HVDC link project
Power Generation - Aug 09,2023
Adani Energy Solutions (AESL), an Adani Group division, has secured financial closure for its $1 billion green HVDC link project. The project aims to augment Mumbai's grid with more renewable ene .

Daimler India plans to manufacture E-buses, hydrogen trucks
Automotive Industries - Aug 09,2023
Daimler India Commercial Cars (DICV) is reportedly considering entering the Indian market with electric buses and hydrogen trucks, aligning with India's transition towards zero-emission vehicles. .

Vikas Ecotech announces foray in conventional energy segment
Manufacturing - Aug 09,2023
Vikas Ecotech Limited (VEL) ventures into the conventional energy sector, securing a Rs 20 crore coal supply order from Prism Johnson. The order, sponsored by the Rajan Raheja Group, will be completed .

KIMS to increase the number of beds to 8,000 in 2 years
Hospitality and Healthcare - Aug 09,2023
Krishna Institute of Medical Sciences (KIMS) plans to double its bed count to 8,000 within 2-3 years, focusing on growth in Maharashtra and Karnataka. The CEO, Abhinay Bollineni, mentions strategic co .

Godrej Consumer board approves investment of Rs 900 crore for setting up new manufacturing sites
Manufacturing - Aug 08,2023
Godrej Consumer Products Ltd has approved a capital investment of Rs 900 crore for new production facilities in Tamil Nadu and Madhya Pradesh. The sites are expected to open in 18-36 months, funded by .