CapEx News - Jan 2024

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Laurus Labs, Krka to establish pharma joint venture in Hyderabad
Infrastructure - Jan 29,2024
Laurus Labs and Krka plan to establish a joint venture in Hyderabad, with Krka holding 51% and Laurus 49%. The venture aims to produce finished pharmaceutical products for new markets, including India .

Coal India, WCL to establish green energy projects in Chhindwara
Mining - Jan 29,2024
Coal India and its subsidiary Western Coalfields plan to repurpose closed mines in Madhya Pradesh's Chhindwara Pench area for green projects, integrating solar and pump storage systems on de-coal .

VOC Port’s outer harbour development in consideration at Rs 7,000 crore outlay
Infrastructure - Jan 29,2024
The Central government plans to invest over Rs 7,000 crore in developing VOC Port's outer harbour, potentially including green hydrogen and green ammonia facilities. Once approved, work is expect .

Bell Textron to establish a new unit in Mihan Nagpur
Manufacturing - Jan 29,2024
Maharashtra's Deputy Chief Minister Devendra Fadnavis announced Bell Textron's interest in deploying helicopters for medical emergencies, disaster management, and law enforcement in Maharash .

SJVN secures solar project worth Rs 550 crore from Gujarat Urja Vikas Nigam
Power Generation - Jan 29,2024
SJVN Ltd won a 100 MW solar project through an e-reverse auction by Gujarat Urja Vikas Nigam Ltd (GUVNL) at Rs 2.54/unit. The project, secured by SJVN's subsidiary SGEL, will cost around Rs 550 c .

PV solar panel manufacturer Alpex Solar to raise around Rs. 75 crore through IPO
Manufacturing - Jan 29,2024
Alpex Solar, a PV solar panel manufacturer, plans a Rs. 75 crore IPO on NSE Emerge. Funds will upgrade its manufacturing facility to 1.2 GW under Aatmanirbhar Bharat. Additional plans include a new al .

CapitaLand India Trust commissions 21-MW captive solar plant in Tamil Nadu
Power Generation - Jan 29,2024
CapitaLand India Trust (CLINT) inaugurated its inaugural captive solar power plant in Tamil Nadu, generating 30 million kWh annually, enough for two million sq. ft. of office space. Expected to enhanc .

Grasim Industries to start paints manufacturing unit in Ludhiana
Manufacturing - Jan 29,2024
Grasim Industries, part of Aditya Birla Group, is nearing commercial production of its paint venture in Punjab. The Rs 910 crore integrated manufacturing unit in Ludhiana's HiTech Valley is set t .