CapEx News - Jul 2023

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HAL signs MoU to produce jet engines for Indian Air Force
Automotive Industries - Jul 03,2023
General Electric’s aerospace division made a significant statement, announcing the signing of an MOU with Hindustan Aeronautics Ltd (HAL) to jointly produce fighter jet engines for the Indian Air F .

Two new industrial areas to come up in Himachal Pradesh
Manufacturing - Jul 03,2023
The Himachal Pradesh administration plans to establish two new industrial areas in Hamirpur and Bilaspur districts, aiming to promote industrialization in interior regions. The decision was made dur .

UK-based firm plans to establish semiconductor unit in Odisha
Manufacturing - Jul 03,2023
UK corporation SRAM & MRAM plans to invest Rs 30,000 crore in Odisha, India, to construct a semiconductor production facility. The company signed a memorandum of understanding with the state governmen .

Top cement manufacturer completes Rs 550 crore plant in West Bengal
Building Materials - Jul 03,2023
Shree Cement has completed its greenfield cement plant in Purulia district, West Bengal, with a cost of Rs 550 crore. This facility, Bengal's first, began trial production on Friday. The plant h .

Fully automated service centre for construction sector established in
Metallurgical Industries - Jul 03,2023
Tata Steel has established the first fully automated service centre for the construction sector in Cuttack, Odisha. The centre, constructed in collaboration with Sagar Business, can produce customized .

Leading consortium starts production at crucial facility
Petroleum - Jul 03,2023
Reliance Industries Limited (RIL) and BP PLC have commenced production from the MJ field, marking the start of their third significant deepwater development in block KG D6 off the coast of India. The .

Finance Ministry approves Rs 56,000 crore in capex assistance
Manufacturing - Jul 03,2023
The Ministry of Finance has approved the "Special Assistance to States for Capital Investment 2023-24" scheme, which will provide 16 states with a capital investment of Rs 56,415 crore for various pro .

GIDA gears up to allocate 253 industrial plots
Manufacturing - Jul 03,2023
The Gorakhpur Industrial Development Authority (GIDA) aims to accelerate the establishment of industries to achieve a trillion-dollar economy within five years. GIDA plans to allocate 253 industrial p .