CapEx News - Jul 2024

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Tripartite MoU signed for Kota Greenfield airport’s development
Infrastructure - Jul 19,2024
A tripartite MoU was signed by Airports Authority of India, Rajasthan's Urban Development and Civil Aviation Departments for the development of Kota Greenfield Airport, chaired by Chief Minister .

IHCL plans 5 new greenfield hotels in West Bengal
Infrastructure - Jul 19,2024
Indian Hotels Company Limited (IHCL) plans to set up five new greenfield hotels in West Bengal: four in West Burdwan district and one in Kolkata. This includes the first Ginger Hotel in the state, wit .

Godrej Storage Solutions setting up a new plant near Chennai
Metallurgical Industries - Jul 19,2024
Godrej Storage Solutions (GSS) plans to invest Rs 350-400 crore in a green facility near Chennai over the next 2-3 years. Operating at 75% capacity of 90,000 tonnes of steel per month, GSS is seeking .

Brakes India sets sight on Rs 1,000 crore capex for five-year expansion plan
Manufacturing - Jul 19,2024
Brakes India plans to invest ₹250-300 crore annually over the next five years, aiming to exceed ₹1,000 crore total capital expenditure. The company is expanding its foundry capacity in Gujarat to .

Coal India ventures into non-coal mineral mining with graphite project
Mining - Jul 19,2024
Coal India Limited (CIL) is diversifying into graphite mining, following a composite license from the Ministry of Mines for the Khattali Chhoti Graphite Block in Madhya Pradesh. This marks CIL's .

Advait Infratech receives work order of Rs 35 crore from Power Grid
Infrastructure - Jul 18,2024
Advait Infratech has secured a Rs 35.07 crore EPC contract from Power Grid Corporation of India for installing Optical Ground Wire (OPGW) in Ladakh. The project involves design, engineering, supply, t .

Vibhor Steel Tubes doubles steel capacity at plant in Telangana
Manufacturing - Jul 18,2024
Vibhor Steel Tubes (VSTL) has doubled its special steel manufacturing capacity in Telangana to 48,000 tonnes. The company has also opened a new galvanizing iron unit to boost crash barrier production. .

AAI commences ILS signal testing at Navi Mumbai airport
Infrastructure - Jul 18,2024
The Airports Authority of India (AAI) is testing the Instrument Landing System (ILS) signals at Navi Mumbai International Airport from July 16-20, 2024. These tests assess ILS operational aspects, ens .