CapEx News - Jul 2023

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Fourth extension made for manufacturing heavy-duty gas turbines in India
Infrastructure - Jul 05,2023
GE Vernova's Gas Power business and Bharat Heavy Electricals (BHEL) have announced the fourth extension of their Technical Assistance and Licence Agreement. The agreement aims to expand BHEL&apos .

Pharma company to invest RS 330 crore in development and research facility
Chemicals - Jul 05,2023
Aurigene Pharmaceutical Services, a subsidiary of Dr. Reddy's Laboratories, plans to invest 330 crore in a new facility in Genome Valley, Hyderabad. The facility will focus on therapeutic protein .

REC to lend Rs 4,785 crore for refinery project in Rajasthan
Petroleum - Jul 05,2023
REC Limited will lend HRRL (a partnership between Hindustan Petroleum Corporation Ltd. and the Rajasthan government) Rs 4,785 crore for their project in Barmer, Rajasthan. HRRL is establishing a green .

Ethanol facility to be established at Borgaon, Madhya Pradesh
Food Processing - Jul 05,2023
Gulshan Polyols Limited is set to start its 500 KLPD ethanol facility in Borgaon, Madhya Pradesh in Q4 FY23. The company received a Rs. 170 crore sanction from HSBC for the project, of which Rs. 120 c .

Lens manufacturer to invest 250 million euros in India
Manufacturing - Jul 05,2023
Carl Zeiss India, a lens manufacturer, plans to invest over 250 million euros to build its largest "vision" facility in Bengaluru. The construction is expected to be completed by October 2024. Once op .

Maharashtra cabinet approves green hydrogen policy
Power Generation - Jul 05,2023
The Maharashtra cabinet approved a green hydrogen policy, making it the first state in India to do so. The policy aims to promote the use of renewable energy by producing green hydrogen through water .

Delhi-based firm bags CMDA's bid to prepare DPR for Outer Ring Road
Infrastructure - Jul 05,2023
The Chennai Metropolitan Development Authority (CMDA) has awarded the outer ring road (ORR) development plan project to Rudrabhishek Enterprises Limited. The consultant will create a comprehensive dev .

Centre for software-defined vehicles to come up in Coimbatore
Automotive Industries - Jul 05,2023
Mahindra & Mahindra (M&M) is establishing an R&D centre for software-defined vehicles in Coimbatore, Tamil Nadu. The centre will focus on developing software for various vehicle functions, including s .