CapEx News - Aug 2023

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Vikas Ecotech announces foray in conventional energy segment
Power Generation - Aug 07,2023
Vikas Ecotech Limited (VEL) is venturing into the conventional energy sector with a Rs 20-crore coal supply order from Prism Johnson, a cement maker. The order will be fulfilled by October 31, 2023. V .

DVC plans to invest Rs 70,000 crore by 2030 to increase power generation capacity
Power Generation - Aug 07,2023
Damodar Valley Corporation (DVC) plans a substantial Rs 70,000 crore capital expenditure by 2030 to elevate electricity generation capacity from 6,700 MW to 16,000 MW. The chairman, R N Singh, outline .

RSWM announces Rs 315 crore investment for expansion plans
Textiles - Aug 07,2023
RSWM Ltd. is investing Rs 315 crore to enhance its compact cotton yarn production at the Lodha Unit in Banswara, Rajasthan. This expansion is driven by rising demand for cotton and cotton yarn. ICRA p .

Apraava Energy signs MoU with REC, PFC to get Rs 9,120 cr for projects
Infrastructure - Aug 07,2023
Apraava Energy has secured preliminary agreements with REC Ltd and Power Finance Corporation (PFC) to receive Rs 9,120 crore ($1.1 billion) in financing for wind, transmission, and advanced metering p .

Lord’s Mark Industries, Kerala Automobiles establish JV for EV production
Automotive Industries - Aug 07,2023
Mumbai-based Lord's Mark Industries Limited has partnered with Kerala Automobiles Ltd to manufacture electric 2 and 3-wheelers, passenger vehicles, and loaders. The joint venture aims to produce .

JSW Steel, Japan's JFE to establish JV for production of CRGO steel
Manufacturing - Aug 07,2023
JSW Steel and JFE Steel Corporation have formed a joint venture (JV) company in India to produce cold rolled grain oriented electrical steel (CRGO). JSW Steel, with a 15% ownership by a Japanese compa .

RITES to prepare DPR for 44-km light rail system in Prayagraj
Infrastructure - Aug 07,2023
Preparations for the Sangam Nagri light metro launch are intensifying ahead of the Mahakumbh. The Prayagraj Development Authority (PDA) has engaged RITES Ltd, a railway consulting firm, to create the .

BHEL inks MoU with Greenstat Hydrogen India Pvt Ltd
Power Generation - Aug 07,2023
BHEL and GREENSTAT Hydrogen India Pvt. Ltd. have signed an MoU to explore collaboration opportunities in the green hydrogen and derivatives sector. The partnership aligns with India's 'Natio .