CapEx News - Dec 2023

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Japan's TDK Corp to manufacture iPhone battery cells in India: Minister
Manufacturing - Dec 05,2023
TDK Corp, the Japanese electronic parts manufacturer, partners with Apple to produce lithium-ion battery cells for iPhones in India. Apple, diversifying its production beyond China, views India as a .

Wardwizard Innovations signs MoU with US-based Triton EV
Manufacturing - Dec 05,2023
Wardwizard Innovations & Mobility Ltd (WIML) signs a preliminary agreement with Triton EV for electric vehicle production in India and the UAE. Triton EV selects WMIL as its production partner for b .

Sadhana Nitro Chem to establish green hydrogen facility
Chemicals - Dec 05,2023
Sadhana Nitro Chem Ltd ventures into green energy with plans to build a 15MW-20MW green hydrogen facility for internal use. The intermediate specialized chemical manufacturer also announces a rights i .

Siemens to invest Rs 416 crore for expanding manufacturing capacity
Manufacturing - Dec 05,2023
Siemens Ltd, the Indian flagship of German company Siemens AG, plans a Rs 416 crore investment to expand manufacturing capacity for medium voltage switchgear vacuum interrupters and power transforme .

ONGC to start commercial oil production from KG block
Petroleum - Dec 05,2023
ONGC to commence commercial crude oil production in May 2024 from its delayed flagship deep-sea project in the Krishna Godavari basin. The KG-DWN-98/2 project faced geological challenges and implement .

Hindustan Unilever teams up with Brookfield for 45 MW solar energy park
Petroleum - Dec 05,2023
Hindustan Unilever collaborates with Brookfield to establish a 45 MW solar energy park in Rajasthan, aligning with its net-zero goal. The company's board approves a maximum equity investment of 2 .

Uno Minda to spend Rs 2,000 crore on capacity expansion
Manufacturing - Dec 05,2023
Uno Minda Ltd. plans a significant expansion initiative to boost manufacturing capacity, setting aside a capex of ₹2,000 crore for expansion over the next few years. The auto component manufacture .

Kerala sets aside over Rs 12,400 crore for Green Transport Corridor
Infrastructure - Dec 04,2023
Kerala is steering towards a sustainable future with an impressive allocation of over Rs 12,400 crore for a green transport corridor. Rs 90 crore is dedicated to kickstarting the first phase, with pla .