CapEx News - Aug 2023

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Project News & Updates - Aug 2023


Adani to establish 2 GW solar module factory in Tamil Nadu
Power Generation  -  Aug 01,2023
Adani Green Energy plans to establish a 2 GW solar module facility in Tamil Nadu, India, as part of a green hydrogen ecosystem, along with wind turbine production. By the end of 2023, Adani aims to ha .


Power Mech secures Rs 30,483 crore mine development project from SAIL
Mining  -  Aug 01,2023
State-owned steel producer SAIL has awarded Power Mech Projects a Rs 30,438 crore mine development and operation (MDO) project in Jharkhand. The project, located at Jharia Coal fields, will be led by .


Servotech Power to produce EV components with initial investment of Rs 30 cr
Power Generation  -  Aug 01,2023
Servotech Power Systems announced an initial investment of Rs 30 crore to produce EV charger parts and lithium-ion batteries. By March 2025, the total investment will reach Rs 300 crore, along with Te .


Operation at Vadhavan container port to commence soon
Infrastructure  -  Aug 01,2023
India plans to complete and operationalize the ₹66,000 crore container port project in Vadhavan, near Mumbai, by 2040. The proposed deep draft port in Maharashtra aims to handle over 23 million TEUs .


Hartek Solar secures Rs 80-crore contract for 22 MW floating solar plant on Bhakra Nangal reservoir
Power Generation  -  Aug 01,2023
Hartek Solar, a Chandigarh-based subsidiary, has been awarded an Rs 80 crore contract to construct a 22 MW floating solar plant on the Bhakra Nangal dam reservoir. Once commissioned in March 2024, it .


M&M to invest Rs 500 crore to strengthen its EV infra in Tamil Nadu
Automotive Industries  -  Aug 01,2023
Mahindra & Mahindra has increased its investment in Tamil Nadu's EV infrastructure by over 500 crore to accelerate the development of EV platforms for electric SUVs. They invested 210 crore to bu .


Government likely to give approval for chip fab project in next 2 months: Darshan Hiranandani
Manufacturing  -  Aug 01,2023
The Hiranandani real estate conglomerate, through its company Tarq Semiconductors, plans to venture into the semiconductor industry with a compound semiconductor fab project in Uttar Pradesh. The comp .


Toyota plans to establish ancillary manufacturing unit in India
Automotive Industries  -  Aug 01,2023
Toyota is considering establishing an auxiliary manufacturing facility in India to capitalize on New Delhi's emergence as a manufacturing hub and reduce dependence on China for supplies. The Japa .


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