CapEx News - Jan 2024

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Inox secures 50-MW project from NLC India
Power Generation - Jan 09,2024
Inox Wind, a wind energy solutions provider, has secured a 50-MW project from NLC India. The project, located in Kutch district, Gujarat, will be executed on a turnkey basis. Inox Wind will provide it .

Mercedes Benz to launch over 12 products in 2024
Infrastructure - Jan 09,2024
Mercedes-Benz India plans over 12 launches in 2024, including three electric vehicles, with half in the top-end segment. The luxury carmaker will invest Rs 200 crore this year, celebrating 30 years in .

Ashok Leyland to invest Rs 1,200 crore in Tamil Nadu
Infrastructure - Jan 09,2024
Ashok Leyland allocates a Rs 1,200 crore capex in Tamil Nadu for business expansion over the next three to five years. The Managing Director and CEO, Shenu Agarwal, signed an MoU with the Industries D .

Royal Enfield inks MoU to invest Rs 3,000 crore in Tamil Nadu
Infrastructure - Jan 09,2024
Royal Enfield has signed an MoU with the Tamil Nadu government, committing a Rs 3,000 crore investment over eight years. The investment is expected to generate around 2,000 direct and indirect jobs in .

GMDC gets nod for expanding Surkha lignite mine in Gujarat
Infrastructure - Jan 09,2024
Gujarat Mineral Development Corporation (GMDC) has secured environmental clearance for expanding Surkha lignite mine capacity. The Managing Director, Roopwant Singh, considers this pivotal for GMDC&ap .

Welspun signs agreement with Tamil Nadu government to invest Rs 2,000 crore
Industrial Productx - Jan 09,2024
Welspun One has signed a preliminary agreement with the Tamil Nadu government for a proposed Rs 2,000-crore investment in industrial and logistics parks over the next five years. The pact, part of the .

Sunsure Energy to invest Rs 3,150 crore in Tamil Nadu
Power Generation - Jan 09,2024
Sunsure Energy allocates a Rs 3,150 crore capex for renewable energy projects in Tamil Nadu over the next three years. The company, in collaboration with the state, plans to establish four projects wi .

NHPC signs MoU with Gujarat government for Rs 4,000 crore investment
Infrastructure - Jan 08,2024
NHPC has signed an agreement with Gujarat Power Corporation Limited and the Government of Gujarat for a proposed 750 MW Kuppa Pumped Hydro Storage Project. The MoU outlines NHPC's estimated inves .