CapEx News - Feb 2024

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Project News & Updates - Feb 2024


South Central Railway Zone commissions 20 km section of electrified third line
Infrastructure  -  Feb 14,2024
The South Central Railway Zone has inaugurated a 20.3 km electrified third line section between Karavadi and Surareddipalem in Andhra Pradesh. This development is part of the Vijayawada-Gudur tripling .


Kalyani Group to invest Rs 26,000 crore for components manufacturing in Odisha
Manufacturing  -  Feb 14,2024
Kalyani Steel plans to invest Rs 26,000 crore in setting up a titanium metal and aerospace components manufacturing complex in Dhenkanal, Odisha. Approved by the State Cabinet, it marks Odisha's .


Defence ministry signs Rs 2,269-crore deal with Bharat Electronics Limited
Infrastructure  -  Feb 14,2024
The Ministry of Defence has contracted Bharat Electronics Limited (BEL) for Rs 2,269 crore to procure 11 Shakti Electronic Warfare Systems for the Indian Navy. These systems, designed and manufactured .


JSW signs MoU with Odisha govt for Rs 40,000 cr EV facility
Manufacturing  -  Feb 12,2024
JSW Group signs an MoU with the Odisha government to establish a Rs 40,000 crore integrated EV manufacturing facility, marking its entry into the automobile sector. The project in Cuttack and Paradip .


Petronet draws Rs 40,000 crore investment plan to treble profit by 2028
Chemicals  -  Feb 12,2024
Petronet LNG Ltd plans to invest Rs 40,000 crore in expanding LNG import capacity and venturing into petrochemicals to triple net profit by 2028. Initiatives include a propane dehydrogenation plant an .


Hero MotoCorp gets nod to invest Rs 600 crore for setting up Global Parts Center 2
Infrastructure  -  Feb 12,2024
Hero MotoCorp plans to invest up to Rs 600 crore in setting up a Global Parts Center (GPC) 2.0 in Tirupati, Andhra Pradesh, with a storage capacity of 36,700 SKUs to support the Parts, Accessories, an .


NTPC plans Kaniha plant expansion
Power Generation  -  Feb 12,2024
NTPC plans to expand its Kaniha super thermal power plant by adding another unit with a capacity of 800 MW or 650 MW to meet growing energy demands. Currently, five units are operational, with the six .


Avaada Energy Secures over 1400 MW capacity tenders
Infrastructure  -  Feb 12,2024
Avaada Energy secures 421 MW, 280 MW, and 700 MW capacities in tenders from SECI, GUVNL, and NTPC. Projects in Gujarat and Rajasthan underscore their commitment to renewable energy expansion. PPAs spa .


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