CapEx News - Aug 2023

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Centre looking to allow private firms to develop small modular reactors
Chemicals - Aug 08,2023
The Indian government is considering provisions in the Atomic Energy Act of 1962 to involve private sector and startups in setting up small modular reactors (SMRs). These advanced nuclear reactors pro .

Shalby opens 60-bed hospital at Ranchi
Hospitality and Healthcare - Aug 08,2023
Shalby has inaugurated a 60-bed hospital in Ranchi under the Foreign Owned Shalby-Managed (FOSM) franchise model, becoming operational from August 6, 2023. Earlier, Shalby had partnered with Divine Su .

36 railway projects worth Rs 30,789 crore underway in Gujarat: Railways Minister
Infrastructure - Aug 08,2023
A total of 36 railway projects spanning 3,200 km and costing Rs 30,789 crore are in progress in Gujarat, with 26 projects sanctioned since 2018. Ashwini Vaishnaw, Minister of Railways, revealed this i .

NLC plans to inaugurate Ghatampur thermal power plant by end of December
Power Generation - Aug 08,2023
NLC India Limited is set to inaugurate the Ghatampur thermal power plant by December, aiming to enhance the nation's power infrastructure. The plant, NLCIL's first coal-based supercritical t .

Indian Railways approves 223-km rail line to Mizoram, near Myanmar border
Infrastructure - Aug 08,2023
Indian Railways has given the green light for a 223 km rail line from Sairang (Aizawl) to Hbichhuah in Mizoram, near the Myanmar border, aimed at enhancing connectivity to North-East India. The projec .

BMC invites bids for all 6 packages of Rs 16,621 crore Versova-Dahisar North Extension
Infrastructure - Aug 08,2023
The BMC has initiated the Rs 16,621 crore Versova-Dahisar Coastal Road-North extension project, inviting proposals for its six packages. This expansion is set to significantly reduce travel time by 70 .

Maduravoyal to Sriperumbudur elevated corridor works in Chennai to begin before the conclusion of this fiscal year
Infrastructure - Aug 08,2023
The Maduravoyal to Sriperumbudur elevated corridor construction in Chennai, spanning 23.2 kilometers, is set to commence this fiscal year. The National Highways Authority of India confirmed its inclus .

ONGC plans to construct oil-to-chemical plants in shift towards energy transition
Petroleum - Aug 07,2023
ONGC, India's leading oil and gas producer, intends to construct two oil-to-chemical plants in response to the global energy transition. These plants would directly convert crude oil into high-va .