CapEx News - Dec 2023

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Nayara Energy to commence operation of PP plant in first half of 2024
Infrastructure - Dec 11,2023
Nayara Energy is set to begin operations of a new polypropylene plant in the first half of 2024, marking its entry into the petrochemical sector. The 4,50,000 tonnes per annum plant aims to meet the r .

RRTS corridor to come up between Ghaziabad and Noida Airport
Infrastructure - Dec 11,2023
The Uttar Pradesh government has approved the construction of the RRTS corridor from Ghaziabad to Noida International Airport in Jewar, estimated at Rs 1,600 Crore. Covering the NCR region, including .

AMNS India plans Rs 100 crore capital infusion to establish 3 scrap processing centres
Metallurgical Industries - Dec 08,2023
ArcelorMittal Nippon Steel (AMNS) India plans to invest over Rs 100 crore to establish three scrap processing facilities. The Gujarat-based company, a joint venture between Nippon Steel and ArcelorMit .

Gujarat govt allocates land for Coa-Cola unit in Sanand
Manufacturing - Dec 08,2023
The Coca-Cola Company has secured land near Ahmedabad, allocated by the Gujarat Industrial Development Corporation (GIDC), to establish a Rs 3,000 crore manufacturing unit for concentrates. The alloca .

Embassy Industrial Park Hosur completes acquisition of land near Bengaluru
Environment - Dec 08,2023
Embassy Industrial Park Hosur Pvt Ltd, a subsidiary of Embassy Industrial Parks, paid Rs 176.57 crore to the Karnataka Industrial Areas Development Board for a 124.21-acre land lot in Baragenahalli, B .

Mahanadi Coalfields mulls expansion of thermal plant in Odisha
Power Generation - Dec 08,2023
Mahanadi Coalfields (MCL) is contemplating the expansion of its thermal power plant in Sundargarh, Odisha. In the second phase, MCL aims to add 2,400 MW, making the total capacity 4,000 MW. The initia .

MSRDC to develop economic nodes along Samruddhi Expressway
Automotive Industries - Dec 08,2023
The Maharashtra State Road Development Corporation (MSRDC) plans to establish economic hubs along the completed Nagpur-Mumbai Samruddhi Expressway. Proposed nodes include Nashik, Ahmednagar, and two i .

THDC and UJVNL JV bags 1719 MW clean energy portfolio during Energy Conclave
Power Generation - Dec 08,2023
At the Energy Conclave in Dehradun, THDC Limited's CMD revealed significant progress, including approval for THDCIL-UJVNL Energy Company Limited to develop five hydroelectric projects totaling 17 .