CapEx News - Mar 2024

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Cosmic Birla Group to construct EV facility in West Bengal
Manufacturing - Mar 29,2024
Cosmic Birla Group announces plans to establish an electric two-wheeler production facility in West Bengal, with intentions to expand into electric three-wheelers and cars. Aditya Vikram Birla aims to .

Ahmedabad to establish India's first waste-to-steam plant
Infrastructure - Mar 29,2024
Ahmedabad Municipal Corporation (AMC) has awarded Surat-based Steamhouse India Limited a tender to build a 300 TPD Municipal Solid Waste to Steam Plant on a 5-acre land at Pirana Waste dumping site, c .

Sintex to invest up to Rs 2,355 crore to set up manufacturing units
Manufacturing - Mar 29,2024
Sintex-BAPL, a subsidiary of Welspun Group, plans to invest Rs 2,355 Crore over two years from FY25-FY26 to establish manufacturing units in Telangana, Odisha, Madhya Pradesh, and Jammu & Kashmir. The .

Salasar Tech-RVNL JV bags contract worth Rs 60 crore
Infrastructure - Mar 29,2024
Salasar Techno Engineering and Rail Vikas Nigam (RVNL) joint venture (JV) secured a Rs 59.62 crore project from Energy Development Corporation for the Rwanda Transmission System Reinforcement and Last .

Udaipur Cement Works Ltd more than doubles Cement Capacity
Infrastructure - Mar 29,2024
Udaipur Cement Works Limited (UCWL) achieved a major milestone by commissioning an additional 2.50 Million Tonnes Per Annum Cement Grinding Capacity at its Udaipur location in Rajasthan, doubling its .

Adani Green commissions 180 MW solar plant at Devikot in Rajasthan
Power Generation - Mar 29,2024
Adani Green Energy has commenced operations at a 180-MW solar power plant in Devikot, Rajasthan, with a 25-year PPA with SECI. This brings AGEL's operational solar portfolio to 6,243 MW and total .

Chennai refinery expansion cost goes up over Rs 3,600 crore, says IOC
Infrastructure - Mar 29,2024
Indian Oil Corporation (IOC) plans to increase its stake in the joint venture constructing a 9 million tonnes refinery in Chennai to 75% due to a project cost escalation of over 12%. Originally, IOC a .

Adani group begins operations of its copper unit plant at Mundra
Manufacturing - Mar 29,2024
Adani Group initiated the first phase of the world's largest single-location copper manufacturing plant at Mundra, Gujarat. Operated by subsidiary Kutch Copper, it dispatched the initial cathode .