CapEx News - Jul 2023

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EAF plants to be established to recycle steel in South India soon
Metallurgical Industries - Jul 06,2023
Tata Steel plans to build recycling facilities using electric arc furnaces in a southern Indian car center. They aim to establish similar facilities across the country to achieve a manufacturing ca .

Oil & gas PSUs set a target of 0.7 MTPA green hydrogen capacity by 2030
Power Generation - Jul 06,2023
Rameswar Teli, the Minister of State for Petroleum and Natural Gas, announced that oil and gas sector public sector undertakings (PSUs) aim to establish 0.7 million tonnes per annum (MTPA) green hydr .

Leading power company to invest Rs 400 crore in capacity expansion
Infrastructure - Jul 06,2023
CG Power and Industrial Solutions, a member of the Murugappa Group, will invest Rs 400 crore in capacity expansion over the next two years. The company is now debt-free and has started paying dividend .

Top Power bags Rs 1,744-crore smart metering project
Power Generation - Jul 06,2023
Tata Power has been awarded a smart metering project worth Rs 1,744 crore in Chhattisgarh. The project, granted by Chhattisgarh State Power Distribution Company Limited, will be carried out over 10 ye .

Andhra Pradesh Chief Minister presides over ground breaking ceremony of New unit of popular company
Food Processing - Jul 06,2023
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy led the groundbreaking ceremony for the Amul Chittoor Dairy in Chittoor. The project revives the dormant Chittoor Cooperative Dairy and brings in a .

Ports in Tamil Nadu, Gujarat to be developed as hydrogen hubs
Environment - Jul 06,2023
The VO Chidambaranar Port in Tamil Nadu and the Deendayal Port in Gujarat, both located in India, are being developed as hydrogen hubs to promote the use of green fuel. The shipping ministry has reque .

Construction for India's first semiconductor assembly to commence in August
Manufacturing - Jul 05,2023
India is set to begin construction on its first semiconductor assembly facility in August. By the end of 2024, the country aims to start producing its own microchips. Micron Technology, a US-based sem .

PNGRB proposes natural gas pipeline between Jammu and Srinagar
Petroleum - Jul 05,2023
The PNGRB has suggested constructing a natural gas pipeline from Jammu to Srinagar in Jammu & Kashmir to address the region's energy requirements. The downstream regulator has initiated a public .