CapEx News - Aug 2023

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Bridge & Roof secures Rs 1,590 crore EPC contracts for FGD plants in Chhattisgarh
Power Generation - Aug 23,2023
Chhattisgarh State Power Generation Company has granted two EPC contracts worth Rs 1,590 crore to Bridge and Roof Company (India) Limited. These contracts involve the installation of Flue Gas Desulphu .

PFC signs $1.28 mn loan pact with JBIC for waste-to-energy project in Karnataka
Environment - Aug 23,2023
The Power Finance Corporation (PFC), a state-owned entity, has secured a loan agreement of JPY 1.85 billion ($1.28 million) from the Japan Bank for International Cooperation (JBIC). This funding will .

NHPC inks pact with RITES to construct railway siding for 2,880 MW Dibang project
Power Generation - Aug 23,2023
The 2,880 MW Dibang multipurpose project in Arunachal Pradesh, led by NHPC, will involve constructing a railway siding as per a recent agreement with RITES. NHPC and RITES signed an MoU for the railwa .

New bio-waste unit in Andhra Pradesh to dispose 60,000 tonnes of garbage
Environment - Aug 23,2023
The Ongole Municipal Corporation (OMC) has completed the initial phase of a waste-to-energy treatment plant to address a 66,000 metric ton waste accumulation issue. The Union funded the Rs 11.3 crore .

Sahyadri FPO enters cashew processing sector
Food Processing - Aug 23,2023
Sahyadri Farmer Producer Company, the leading grape exporter in India, has invested 20 crore rupees to establish a cashew processing plant capable of handling 100 tonnes daily. Additionally, a plant p .

First phase of Andhra's Ramayapatnam port to be completed soon
Infrastructure - Aug 23,2023
The Ramayapatnam Port project in Andhra Pradesh's Nellore district is progressing well. The initial phase, with a budget of Rs 3,736 crore, is nearing completion. Key components like breakwater w .

Exide Energy seeks additional land to double up its production capacity
Manufacturing - Aug 23,2023
Exide Energy is constructing a lithium battery cell factory in Devanahalli Industrial Area Phase 2. The company aims to expand its production capacity and has requested an additional 40 acres of land .

Hindalco to set aside a capex of Rs 2,000 crore in copper, e-waste recycling facility
Environment - Aug 23,2023
Hindalco Industries, a copper and aluminium producer, plans to invest Rs 2,000 crore in creating a novel copper and e-waste recycling facility in India. Chairman Kumar Mangalam Birla shared this initi .