CapEx News - Aug 2024

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ZF Wind Power invests 50 million Euro to expand Coimbatore facility
Manufacturing - Aug 29,2024
ZF Wind Power Coimbatore, part of ZF Group, is investing €50 million to expand its gearbox production capacity from 9 GW to 12 GW by the end of next year. This expansion, driven by global renewable .

Lemon Tree Hotels signs agreement for hotel in Ayodhya
Infrastructure - Aug 29,2024
Lemon Tree Hotels signed a license agreement for an 80-room property in Civil Lines, Ayodhya, opening in FY28, managed by Carnation Hotels. The company also signed agreements for a 175-room Aurika Hot .

GAIL exploring to set up a world scale greenfield ethane cracker plant: CMD
Infrastructure - Aug 29,2024
At its 40th AGM, GAIL (India) Ltd. Chairman Sandeep Kumar Gupta announced plans to explore a greenfield ethane cracker. GAIL aims to enhance its petrochemical business with projects like the 500 KTA P .

Nalco joint venture KABIL signs MoU with Oil India for mineral exploration
Infrastructure - Aug 29,2024
Khanij Bidesh India Ltd (KABIL) and Oil India Ltd signed an MoU at NALCO's headquarters in Bhubaneswar. The agreement, involving KABIL’s joint ventures and the Ministry of Mines, aims to explor .

Imagicaaworld Entertainment begins operations of Captive Solar Plant
Automotive Industries - Aug 29,2024
Imagicaaworld Entertainment has launched an 8MWp DC solar power plant costing Rs 41 crore, marking a key step in its sustainability efforts. The facility will provide reliable green energy, saving abo .

Shivalaya Construction becomes L1-bidder for NHAI project
Infrastructure - Aug 28,2024
Shivalaya Construction has been declared the L1 bidder for a Rs. 781 crore four-laning project in Jharkhand, awarded by NHAI under the Bharatmala Pariyojana. The project involves constructing the CG/J .

Union Cabinet approves Rs 4136 crore aid for Hydro projects in Northeast
Infrastructure - Aug 28,2024
The Union Cabinet, led by Prime Minister Modi, approved Rs. 4,136 crore in Central Financial Assistance for North Eastern states to develop hydroelectric projects via joint ventures with Central PSUs. .

Vedanta mulls setting up not-for-profit industrial parks
Infrastructure - Aug 28,2024
Vedanta Ltd plans to establish two industrial parks for aluminium and zinc/silver, announced Chairman Anil Aggarwal. The parks, to be created on a not-for-profit basis, aim to scale various sectors. V .