CapEx News - Jun 2023

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Top tyre manufacturer completes first phase of capacity expansion in MP
Automotive Industries - Jun 30,2023
JK Tyre & Industries has invested Rs 312 crore to expand its passenger car radial tyre production facility in Madhya Pradesh. The first phase of expansion will increase the plant's annual output .

Mobile component manufacturer to establish Rs 250 core unit in Belagavi
Automotive Industries - Jun 30,2023
Mobile components manufacturer SFS plans to invest $250 billion to open a facility in Belagavi. The company has approached the government for assistance in acquiring 30 acres of land. SFS, which alrea .

Top pipe manufacturer commences commercial production from 2 new facilities
Metallurgical Industries - Jun 30,2023
Hariom Pipe Industries Limited has successfully installed and begun production from two new MS pipe mills, increasing their total installed capacity from 84,000 MTPA to 132,000 MTPA. Additionally, the .

India's first Aroma Park to be established in Kashipur, Uttarakhand
Infrastructure - Jun 30,2023
Pushkar Singh Dhami, the chief minister of Uttarakhand, inaugurated India's first Aroma Park in Kashipur, Udham Singh Nagar district. The Fragrance Trade Association, Essential Oil Association of .

Civil hospital to be established in Anand at a cost of Rs 160 crore
Hospitality and Healthcare - Jun 30,2023
The construction of Anand's civil hospital is estimated to cost Rs 160 crore and is expected to begin in October 2023. The hospital will have a total area of 29,000 square metres, with 5,000 squ .

Construction-based company to expand production capacity in India
Building Materials - Jun 30,2023
Sika is constructing a new plant in Kharagpur, eastern India, to expand production capacity in the fast-growing Indian market. The plant will manufacture shotcrete accelerators, concrete admixtures, .

German company inaugurates new manufacturing unit at Savli site
Automotive Industries - Jun 30,2023
German company Schaeffler is opening a new manufacturing unit at its Savli site in Gujarat, India. The expansion will increase the plant's manufacturing capabilities by over 10,000 square meter .

Taiwanese electric mobility giant to invest $1.5 billion in Maharashtra
Automotive Industries - Jun 30,2023
Taiwanese electric mobility company Gogoro will invest over $1.5 billion in Maharashtra, India, to develop a state-wide battery swapping and charging infrastructure. The investment falls under the Ul .