CapEx News - Jun 2024

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Tembo Global Industries expands manufacturing facility in Vasai
Manufacturing - Jun 05,2024
Tembo Global Industries is expanding its manufacturing facility in Vasai to increase capacity significantly. In 2023, it ventured into EPC contracts, securing orders worth Rs 300 crore. For Q1 2024, t .

Tower’s proposal emerges as India’s best bet for semiconductor manufacturing in India
Infrastructure - Jun 05,2024
Israel-based Tower Semiconductors has been eyeing India for a fabrication plant, awaiting approval from the India Semiconductor Mission and Ministry of Electronics and IT. Despite concerns about its 6 .

Amara Raja explores new partnership for lithium-ion cell manufacturing
Manufacturing - Jun 05,2024
Amara Raja is seeking partnerships to bolster its lithium-ion cell manufacturing capabilities for its upcoming giga factory. Executive Director Vikramadithya Gourineni revealed ongoing discussions for .

PITCMRL welcomes Pune Metro Line 3's first 'Made in India' train
Infrastructure - Jun 05,2024
The Pune IT City Metro Rail Ltd (PITCMRL) unveils the first 'Make in India' train for Metro Line 3, crafted by Alstom. The project, a PPP venture with Tata Group, aims to enhance urban mobil .

Feasibility survey for NHAI’s Nagpur-Hyderabad Expressway to begin soon
Infrastructure - Jun 05,2024
NHAI plans a greenfield high-speed corridor from Nagpur to Hyderabad due to increased traffic on NH 44. The Nagpur-Hyderabad Expressway, the first phase of the Nagpur-Bengaluru Expressway project, wil .

Work commences on 2.9 km Assonora Bypass in Goa
Infrastructure - Jun 05,2024
Construction has begun on the 2.9 km Assonora bypass in Goa to ease traffic congestion along the state highway. Stretching from Sirsaim to Mulgao, the project aims to be completed within 18 months. Aw .

RIL registers sub-lease deed for land to develop global economic hub
Manufacturing - Jun 05,2024
Reliance Industries (RIL) has completed the registration of a sub-lease deed for 3,750 acres of land in Maharashtra to develop a global economic hub. This project, initiated through an MOU with the .

Plasser India inks MoU with Gatishakti Viswavidyalaya
Infrastructure - Jun 05,2024
Plasser India, a subsidiary of Plasser & Theurer group, signs an MoU with Gati Shakti Vishwavidyalaya (GSV), India's first transportation and logistics university. The agreement aims to enhance r .