CapEx News - Jul 2024

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BPCL ready to invest Rs 1 lakh crore in Andhra Pradesh
Petroleum - Jul 12,2024
Andhra Pradesh Industries Minister TG Bharat announced that Bharat Petroleum Corporation Ltd (BPCL) plans to invest Rs 1 lakh crore in the state, primarily for setting up an oil refinery. Initially, B .

Coal India and BHEL firm up gasification plans
Infrastructure - Jul 12,2024
Coal India Limited (CIL) and Bharat Heavy Electricals Limited (Bhel) have formed Bharat Coal Gasification and Chemicals Ltd. (BCGCL) to venture into coal gasification and coal-to-chemicals. With an es .

Siemens-RVNL consortium bags Rs 766 crore order
Infrastructure - Jul 12,2024
Siemens, in partnership with RVNL, secured a Rs 766 crore contract from BMRCL for electrifying Bengaluru Metro Phase-II. Siemens' share amounts to approximately Rs 558 crore, covering design, eng .

ONGC to invest Rs 2 lakh crore to achieve net-zero carbon emission by 2038
Infrastructure - Jul 11,2024
ONGC plans to achieve net-zero carbon emissions by 2038 with Rs 2 lakh crore investments. By 2030, they aim to establish 5 GW of renewable energy capacity and eliminate gas flaring. Investments includ .

Aegis Vopak Terminals seeks funding to fuel expansion in India
Chemicals - Jul 11,2024
Aegis Vopak Terminals Ltd. (AVTL), a joint venture between Aegis Group and Royal Vopak, plans to expand its storage facilities in India for LPG and chemicals. With 1.5 million cubic meters of capacity .

TII sets up facility, R&D centre for medical arm’s manufacturing operations
Manufacturing - Jul 11,2024
Tube Investments of India (TII) has expanded into medical contract manufacturing with a focus on active pharmaceutical ingredients (APIs). It established an R&D centre in Chennai for API development a .

L&T wins order up to Rs 2,500 crore from Hindustan Shipyard for the Indian Navy
Infrastructure - Jul 11,2024
Larsen and Toubro's precision engineering systems business secured a significant order from Hindustan Shipyard for constructing two fleet support ships (FSS) for the Indian Navy. These specialize .

Vizag will be made fintech hub: CM Chandrababu Naidu
Infrastructure - Jul 11,2024
Chief Minister N Chandrababu Naidu highlighted Andhra Pradesh's focus on a skill census to enhance job opportunities statewide, particularly in Visakhapatnam, aimed at establishing it as a fintec .