CapEx News - Aug 2023

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Project News & Updates - Aug 2023


Uttar Pradesh govt approves Rs 787 crore for Chilla elevated road
Infrastructure  -  Aug 03,2023
The Noida-Greater Noida Motorway will connect Mayur Vihar in Delhi with the Chilla elevated road, with a budget of Rs 787 crore sanctioned by the UP government. The state and Noida Authority will equa .


Tresa Motors to invest Rs 500โ€“1000 crore in manufacturing and R&D facilities
Manufacturing  -  Aug 03,2023
Vinod K Dasari, the new chairman of Tresa Motors, an OEM producer of medium and large electric trucks, stated that the company plans to invest between 500 and 1000 crore in setting up manufacturing an .


Kerala receives proposals worth Rs 30k crore for green projects
Power Generation  -  Aug 03,2023
Two companies have proposed plans to the Kerala government for setting up green hydrogen and green ammonia manufacturing facilities. One of the companies aims to create an integrated renewable energy .


YEIDA intends to develop multiple industrial parks in sector 10 of Greater Noida
Manufacturing  -  Aug 03,2023
The Yamuna Motorway Industrial Development Authority (YEIDA) plans to construct several new industrial parks in Greater Noida's Sector 10. These parks include a handloom park, an electric vehicle .


Indian Oil Corporation awards McDermott contract for project management consulting
Petroleum  -  Aug 02,2023
Indian Oil Corporation Limited (IOCL) has awarded McDermott a contract for project management consulting (PMC) and engineering, procurement, and construction management (EPCM) for the Naphtha Cracker .


Karnataka govt & IBC sign MoU to establish recyclable Lithium-ion battery plant
Manufacturing  -  Aug 02,2023
The Karnataka government and the US-based International Battery Company (IBC) signed an MoU to set up a recyclable lithium-ion battery manufacturing facility in the state for a Rs 8,000 crore (USD 1 B .


Godrej Process Equipment plans to expedite Green Hydrogen Revolution
Power Generation  -  Aug 02,2023
Godrej Process Equipment, a subsidiary of Godrej & Boyce, aims to expand its share in the Green Hydrogen market threefold by FY29, driven by the Indian government's focus on sustainable energy. I .


Bosch to increase manufacturing in India over the next two to four years
Manufacturing  -  Aug 02,2023
Bosch Ltd, the Indian subsidiary of Robert Bosch GmbH, aims to boost manufacturing in India within the next two to four years. The company plans to reduce imports of components, which led to a 12% inc .


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