CapEx News - Jun 2023

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Project News & Updates - Jun 2023


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 .


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 .


Tamil Nadu govt to receive Madurai Metro Rail Project DPR on 15 July
Infrastructure  -  Jun 29,2023
The Madurai Metro Rail Project in Tamil Nadu will submit a comprehensive report to the state government on July 15. The project director, Arjunan, stated that 90% of the report is complete. The propos .


India’s first advanced E-Bus manufacturing facility to be established in Pune with Rs 776 crore inve
Automotive Industries  -  Jun 29,2023
Pune-based company Pinnacle Mobility Solutions plans to revolutionize green mobility in India by establishing a cutting-edge electric and hydrogen fuel-cell vehicle production plant. With an investm .


Rs 865 crore investment to be madeby EV manufacturer
Automotive Industries  -  Jun 29,2023
Ather Energy will invest Rs 865 crore in the Shendra Phase of Aurangabad Industrial City (AURIC), aiming to build a strong supplier ecosystem in the region. Chief Minister Eknath Shinde approved the i .


Maharashtra Cabinet Sub-committee approve projects worth Rs 40,000 crore
Infrastructure  -  Jun 29,2023
The Maharashtra Cabinet Sub-committee, led by Chief Minister Eknath Shinde, has approved projects worth Rs 40,000 crore in various regions of the state. These projects, including an electric vehicle a .


Gujarat govt inks deal for semiconductor assembly and testing plant at Sanand
Manufacturing  -  Jun 29,2023
The Gujarat government and Micron signed an MoU for a $2.75 billion semiconductor assembly and testing plant in Sanand. The plant aims to address India's reliance on imported semiconductor chips .


Chinese firm to form JV With Telangana-based company
Manufacturing  -  Jun 29,2023
Resojet Pvt Ltd and TCL Electronics Holding Limited are forming a joint venture to establish a state-of-the-art consumer electronics manufacturing plant in Telangana, India. The memorandum of underst .


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