CapEx News - Aug 2023

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Gujarat govt inks 4 MoUs for investment of Rs 1,401 crore in chemical sector
Chemicals - Aug 04,2023
Four MoUs were signed ahead of Vibrant Summit 2024, amounting to 1401 crores investment in Gujarat's Chemicals sector. The projects include a battery chemicals unit by Gujarat Fluoro Chemicals (R .

Insecticides India purchases industrial site for expansion project
Manufacturing - Aug 04,2023
Insecticides (India) Limited acquired a 58,000-square-meter industrial site in Sotanala, Alwar, Rajasthan, aiming to build a cutting-edge manufacturing facility. The move aligns with the company' .

Sterling and Wilson Renewable Energy bags orders worth ₹826 crore
Power Generation - Aug 04,2023
Renewable engineering firm Sterling and Wilson Renewable Energy Ltd secured orders worth Rs 826 crore in the first four months of fiscal year 2023-24 (FY24). The orders, totaling around 1GWp, involve .

Laxmi Organic Industries gets approval to establish new manufacturing site in Gujarat
Chemicals - Aug 04,2023
Laxmi Organic Industries received authorization for a Rs 710 crore capital investment to establish a new production plant in Dahej, Gujarat. The plant aims to increase capacity by over 100,000 tonnes .

NLC along with UP govt to establish 1,980 MW thermal plant for Rs 19,406 crore
Power Generation - Aug 04,2023
NLC India Ltd has partnered with the UP government to construct a Rs 19,406 crore thermal power plant in Ghatampur, near Kanpur, Uttar Pradesh. The plant will have a total capacity of 1,980 MW with th .

Tata Power Renewable Energy inks PPAs with MSEDCL for 200 MW and 150 MW solar projects
Power Generation - Aug 04,2023
Tata Power Renewable Energy Limited (TPREL), a Tata Power subsidiary, has signed two power purchase agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) for the comm .

Indian researchers in Tirupati discover new approach to produce Green Hydrogen from Methanol
Power Generation - Aug 04,2023
Researchers from the Indian Institute of Science Education and Research (IISER) in Tirupati discovered an eco-friendly, energy-efficient method for producing hydrogen from methanol at ambient conditio .

Eicher Motors Q1 net rises 50 per cent
Automotive Industries - Aug 04,2023
Eicher Motors, the parent company of Royal Enfield, reported a 50% increase in Q1 net profit to Rs 918 crore, attributed to higher sales and revenue. Income from operations rose 17% to Rs 3,986.4 cror .