CapEx News - Dec 2024

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Project News & Updates - Dec 2024


Sumitomo Corporation expanding Phase 2 of Origins Chennai Industrial Park in India
Infrastructure  -  Dec 18,2024
Sumitomo Corporation and Mahindra World City Developers are jointly operating the Origins Chennai Industrial Park in Tamil Nadu. Following the first phase, a second phase expansion of 57 hectares will .


Andhra Pradesh capital Amaravati to have piped gas supply
Infrastructure  -  Dec 18,2024
Indian Oil Corporation officials proposed making Amaravati the first fully piped capital city in India. A team from the Petroleum and Natural Gas Regulatory Board (PNGRB) met with the state government .


Ola to invest Rs 2,200 crore capex in FY25 for cell manufacturing expansion
Power Generation  -  Dec 18,2024
Ola Cell Technologies Pvt Ltd (OCTPL) plans to invest over Rs 2,000 crore this fiscal year to expand its lithium-ion cell manufacturing capacity in Krishnagiri, Tamil Nadu. With a current capacity of .


JK Cement conducts ground-breaking ceremony of its new grinding unit in Buxar, Bihar
Chemicals  -  Dec 18,2024
JK Cement has marked a milestone with the Bhoomi Pujan ceremony for its new Grey Cement Grinding Unit in Buxar, Bihar. This expansion aims to strengthen its presence in Eastern India, catering to the .


Work commences on Kharghar-Turbhe Tunnel Link Road
Infrastructure  -  Dec 18,2024
Work has started on the Rs 2,099-crore Kharghar-Turbhe Tunnel Link Road (KTLR) in Navi Mumbai, which will reduce travel time between Turbhe and Kharghar from 40 to 10 minutes. The project, led by CIDC .


Chandrababu Naidu sets October 2026 target for Polavaram project completion
Manufacturing  -  Dec 17,2024
Andhra Pradesh Chief Minister N. Chandrababu Naidu set a target of October 2026 to complete the Polavaram irrigation project. Emphasizing careful planning and clear timelines, he instructed officials .


Welspun One, WTCA ink pact for Rs 800 crore urban warehousing facility in Thane
Infrastructure  -  Dec 17,2024
Welspun One has partnered with WTCA to develop a mixed-use warehousing facility in Wagle Estate, Thane, Maharashtra, with an investment of over Rs 800 crore. The 1 million sq. ft. project will feature .


Godavari Biorefineries to invest Rs 130 crore in corn-based ethanol distillery
Petroleum  -  Dec 17,2024
Godavari Biorefineries Ltd plans to invest ₹130 crore in a new 200 KLPD corn-based ethanol distillery, enhancing its production flexibility with a dual-feedstock system. The investment, financed thr .


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