CapEx News - Jul 2023

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Indian Oil to team up with Sun Mobility for battery swapping business
Manufacturing - Jul 10,2023
The formation of a joint venture company in the battery swapping industry has been approved by the board of directors of Indian Oil Corporation Limited. The joint venture will be a 50:50 collaboration .

Indian Oil & Praj to collaborate for building Biofuels production capacities in India
Petroleum - Jul 10,2023
Indian Oil Corporation Limited (Indian Oil) and Praj Industries Limited (Praj) have signed a term sheet to enhance India's biofuel production capacity. The agreement covers various biofuels such .

HPCL Rajasthan Refinery receives Rs 9187 crore finance from Power Finance Corporation
Petroleum - Jul 07,2023
The HPCL Rajasthan Refinery Ltd. has secured financing of Rs 9,187 crore from the state-owned Power Finance Corporation (PFC). This marks the first project in the refinery and petrochemical industry t .

Ten compressed biogas plants to be established across the country
Power Generation - Jul 07,2023
Reliance Industries (RIL) and Adani Total Gas (ATGL) plan to construct 10 compressed biogas (CBG) facilities each in India. These facilities will collectively produce 30 million tonnes annually with a .

Land acquisition for third phase of Noida airport to commence from September-end
Infrastructure - Jul 07,2023
The land acquisition for the third phase of the Noida International Airport in Jewar, currently under construction, will begin by the end of September. The Uttar Pradesh government has announced the S .

NHAI inks deal with power producer for technical services assistance
Infrastructure - Jul 07,2023
The National Highways Authority of India (NHAI) has signed a Memorandum of Understanding (MoU) with THDC India Limited (THDCIL) for technical assistance. THDCIL will serve as the technical consultant, .

Tamil Nadu to get Rs 54,000 crore project including a refinery
Petroleum - Jul 07,2023
Indian Oil Corporation Limited (IOCL), Chennai, will invest Rs 54,000 crore in various projects in Tamil Nadu, including a 9 MMTPA grass-root refinery in Nagapattinam. The refinery will produce polypr .

EV batteries materials manufacturer to increase India capacity from 200 TPA to 10,000
Automotive Industries - Jul 07,2023
Epsilon Advanced Materials, an Indian manufacturer of materials for EV batteries, aims to increase its production capacity from 200 tonnes per annum to 10,000 tonnes by the end of 2025. The company pl .