CapEx News - Aug 2024

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Kai Group to invest 300 million yen to expand manufacturing facility in Rajasthan
Automotive Industries - Aug 12,2024
Kai Group will invest 300 million yen (approx. ₹17.17 crore) to expand its Neemrana facility in Rajasthan, boosting women's razor production by 5 million units annually. The expansion, set to .

M&M in negotiations with Kerala government for electric vehicle manufacturing unit
Automotive Industries - Aug 12,2024
Mahindra and Mahindra is negotiating with the Kerala government to establish an electric vehicle (EV) manufacturing unit, potentially boosting the state's industrial sector. Kerala, leading in EV .

Rudra Global to invest Rs 190 crore to establish Rs 190 crore solar project in Gujarat
Power Generation - Aug 12,2024
Rudra Global Infra Products will invest Rs 190 crore to set up a 30 MW solar project in Gujarat by January 2025. The solar power will support the company's billet and TMT bar manufacturing, boost .

PFC secures JPY 25.5-billion to finance wind energy project
Power Generation - Aug 12,2024
Power Finance Corporation (PFC) has secured JPY 25.5 billion (Rs 147 crore) from Japan Bank for International Cooperation (JBIC) for a 300.3 MW wind energy project by Ostro Kannada Power (OKPPL) in .

Godrej Agrovet to establish oil palm processing mill in Tripura
Food Processing - Aug 12,2024
Godrej Agrovet's Oil Palm Plantation business will establish an oil palm processing unit and a research center in Tripura's Dhalai district. The company plans to expand its nursery capacity .

Monarch Tractors considering new manufacturing unit in Telangana
Automotive Industries - Aug 12,2024
Monarch Tractors, a U.S. company specializing in driver-optional electric tractors, is exploring the establishment of a manufacturing unit in Telangana and expanding its existing R&D facility in Hyder .

Amara Raja and Piaggio India sign MoU to boost EV battery production
Automotive Industries - Aug 12,2024
Amara Raja Advanced Cell Technologies (ARACT) has signed an MoU with Piaggio Vehicles to enhance EV technology in India. Announced on August 10, the agreement involves ARACT supplying lithium-ion ce .

Radisson Hotel Group expands with new Park Inn in Chennai ECR
Infrastructure - Aug 09,2024
A 100-room Park Inn hotel is opening in Chennai ECR, marking the brand's debut in the city. Developed with Chanda Hotels, this addition expands the company's presence in Tamil Nadu, leveragi .