CapEx News - Jun 2024

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BSH Home appliances aims to boost production in Tamil Nadu
Infrastructure - Jun 21,2024
BSH Home Appliances is expanding production at its Sriperumbudur facility near Chennai, starting a second assembly line in July. Production capacity is set to increase by 71% this year, reaching 620,0 .

Cabinet approves scheme worth Rs 7,453 crore for offshore wind energy projects in Gujarat, Tamil Nadu
Infrastructure - Jun 21,2024
The Union Cabinet, chaired by PM Narendra Modi, approved a Rs 7453 crore Viability Gap Funding (VGF) scheme for offshore wind energy projects. This initiative includes Rs 6853 crore for installing 1 G .

PM Modi lays foundation stone for development projects in J-K
Infrastructure - Jun 21,2024
Prime Minister Narendra Modi inaugurated and laid foundation stones for 84 developmental projects in Jammu and Kashmir, totaling over Rs 1,500 crore. Projects include road infrastructure, water supply .

Vivo to open India's largest smartphone plant in Greater Noida next month
Manufacturing - Jun 21,2024
Chinese smartphone manufacturer Vivo will open a major mobile phone manufacturing plant in Greater Noida, India, with a capacity of 120 million devices annually. The investment exceeds Rs 3,000 crore. .

Lemon Tree Hotels signs new property in Morbi, Gujarat
Infrastructure - Jun 21,2024
Lemon Tree Hotels has signed a licence agreement for a new property in Morbi, Gujarat, set to open in FY 2029. Featuring 75 rooms, amenities include a restaurant, banquet hall, meeting room, spa, and .

Tamil Nadu eyes Rs 7,000 crore investment in highway, minor port projects
Infrastructure - Jun 21,2024
Tamil Nadu’s Infrastructure Development Board (TNIDB) plans to attract Rs 7,035 crore through PPPs, focusing on highways and minor ports. Key projects include a Rs 3,000 crore Greenfield port in Cud .

Gensol Engineering secures 500 MW energy storage project from GUVNL
Infrastructure - Jun 21,2024
Gensol Engineering Ltd has secured 250 MW/500 MWh in Gujarat Urja Vikas Nigam Ltd’s battery energy storage project, achieving the full capacity of 500 MW/1,000 MWh including the green shoe option. T .

Jakson Green wins NTPC order to produce 4G ethanol from flue gas
Infrastructure - Jun 21,2024
Jakson Green will set up a 4G ethanol plant in Lara, Chhattisgarh, under an order from NTPC. The plant will convert 10 TPD of flue gas into ethanol using Veolia Carbon Clean technology, capturing 25 T .