CapEx News - Feb 2024

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Kalyani Steel signs MoU with Odisha government to invest Rs 11,750 crore in state
Manufacturing - Feb 26,2024
Kalyani Steel Ltd has signed an MoU with the Odisha government to establish a manufacturing facility in Gajamara, Dhenkanal district, with an investment of Rs 11,750 crore. The project will focus on m .

Shree Cement Ltd to pump in Rs 2,000 crore to establish factories in Etah
Manufacturing - Feb 26,2024
Shree Cement has commenced construction of two new 3.5Mt/yr cement plants in Uttar Pradesh as part of its MoU with the state government. With an aim to reach 9Mt/yr capacity by February 2026, the comp .

Finolex Cables to double optic fibre cable capacity with Rs 580 crore capital
Manufacturing - Feb 23,2024
Finolex Cables plans to invest Rs 580 crore to expand its optic fibre cables capacity to 10 million fibre km per year, anticipating increased demand due to 5G rollout. The expansion includes setting u .

DCM Shriram to invest Rs 1,000 crore in downstream products
Manufacturing - Feb 23,2024
DCM Shriram plans to invest ₹1,000 crore in epoxy resins and downstream products, leveraging synergies with its existing business. The investment will fund a greenfield epoxy manufacturing plant ove .

Rajkot civic body approves to establish treatment plant to reuse 90 MLD of wastewater
Infrastructure - Feb 23,2024
The Rajkot Municipal Corporation (RMC) plans to establish a 90 MLD tertiary treatment plant (TTP) through PPP. Bluestream Infrastructure Development Consultant will prepare reports and assist in selec .

PM Modi inaugurates five projects worth Rs 1,200 crore in Gujarat
Manufacturing - Feb 23,2024
Prime Minister Narendra Modi inaugurated five dairy projects totaling Rs 1,200 crore during the Gujarat Cooperative Milk Marketing Federation's golden jubilee in Hyderabad. The projects include a .

Godrej Electricals commissions Mumbai’s first 400 KV gas insulated substation
Infrastructure - Feb 23,2024
Godrej Electricals & Electronics, a division of Godrej & Boyce, has completed projects from 132 kV to 765 kV, including the first 400 kV gas insulated substation in Mumbai, adding 1,500 MVA capacity. .

Gujarat Mineral Development Corporation approves Rs 3,041 crore capex for FY25
Infrastructure - Feb 23,2024
The Gujarat Mineral Development Corporation (GMDC) has approved a capital expenditure of Rs 3,041 crore for FY25, with significant allocations for lignite and coal projects, metal project expansion, a .