CapEx News - Jul 2024

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US-based Protonas to set up PEM hydrogen cell plant near Chennai
Manufacturing - Jul 22,2024
US-based Protonas plans to establish a manufacturing unit near Chennai, Tamil Nadu, for low-cost PEM hydrogen fuel cells. Funded by Transition VC and other venture funds, the company will focus on pro .

Henkel further invests in its largest Indian manufacturing facility
Infrastructure - Jul 22,2024
Henkel Adhesives Technologies India has completed Phase III of its Kurkumbh manufacturing facility near Pune. Launched in 2020, the site meets rising demand for adhesives, sealants, and surface treatm .

Japan’s Toshiba group to invest Rs 500 crore to expand ops in India
Infrastructure - Jul 22,2024
Toshiba Group will invest JPY 10 billion (over Rs 500 crore) to expand its power transmission and distribution equipment manufacturing capacity in India. Toshiba Transmission & Distribution Systems (I .

Aarvee Associates bags contract to prepare feasibility report for Bangalore Metro
Infrastructure - Jul 19,2024
Bangalore Metro Rail Corporation has awarded Aarvee Associates Architects Engineers & Consultants Pvt. Ltd. a contract to prepare a feasibility study for extending metro corridors. The study will cove .

JSW MG Motor to invest Rs 3,000 crore in India by 2025
Manufacturing - Jul 19,2024
JSW MG Motor India plans to invest Rs 3,000 crore by 2025 to expand capacity and launch five new vehicles, including electric and internal combustion models. This investment will triple production cap .

Ball Beverage to establish Rs 700 crore unit in Telangana
Infrastructure - Jul 19,2024
Telangana Industries Minister D. Sridhar Babu discussed Ball Beverage Packaging Limited’s interest in investing Rs. 700 crore to set up an aluminium can production unit in the state, creating 500 jo .

Japan’s Marubeni likely to invest $300 million in Uttar Pradesh
Infrastructure - Jul 19,2024
Marubeni Corporation plans to invest $300 million in Uttar Pradesh to establish next-generation industrial parks. The state government aims to develop special industrial parks and clusters with multin .

Two waste-to-charcoal plants to come up in Gurugram Faridabad
Infrastructure - Jul 19,2024
Haryana will establish two waste-to-charcoal plants in Faridabad and Gurugram with support from the central government. The initiative, part of the Atmanirbhar Bharat campaign, is backed by NTPC Vidyu .