CapEx News - Mar 2024

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JSW Neo receives LoA for 700 MW ISTS-connected solar capacity from SECI
Power Generation - Mar 15,2024
JSW Neo Energy, a subsidiary of JSW Energy, secures a 700 MW solar capacity from SECI. With a current capacity of 7.2 GW, JSW targets 9.8 GW by CY24. Their total locked-in generation capacity reaches .

JK Defence and Aerospace Ltd gets approval for investment proposal
Manufacturing - Mar 15,2024
JK Defence & Aerospace Ltd receives approval from Karnataka Govt. for establishing a unit manufacturing precision components for Defence and Aerospace industries. The approval grants 5 acres of land a .

Heritage Foods inaugurates UHT milk plant in Hyderabad
Food Processing - Mar 15,2024
Heritage Foods unveils a new UHT milk plant in Telangana with SIG packaging technology, broadening its product range to include milkshakes, lassi, cold coffee, buttermilk, and energy drinks. SIG&apo .

Nitin Gadkari approves Rs 421 crore Gauripur bypass project in Assam
Infrastructure - Mar 15,2024
Nitin Gadkari allocates Rs 421.15 crore for constructing a 4-lane Gauripur Bypass on NH-17 in Assam's Dhubri district. The 9.61 km project targets congestion relief and accident prevention. Equ .

Centre sanctions over Rs 6,621 crore for frontier highway in Arunachal Pradesh
Infrastructure - Mar 15,2024
Union Minister Nitin Gadkari announces Rs 6,621.62 crore allocation for constructing National Highway 913 in Arunachal Pradesh. Eight packages will transition the highway to an intermediate lane confi .

Nitin Gadkari sanctions Rs 576.22 crore for 4-laning of Yedegowdanahalli to Arjunahalli
Infrastructure - Mar 15,2024
Union Minister Nitin Gadkari announces Rs 576.22 crore allocation for 4-laning NH-373 segment linking tourist destinations in Karnataka's Hassan district. This initiative aims to enhance connec .

Cabinet approves two corridors of Delhi Metro Phase-IV projects
Infrastructure - Mar 15,2024
The Union Cabinet, led by Narendra Modi, greenlights two new Delhi Metro Phase-IV corridors: Inderlok-Indraprastha (12.377 km) and Lajpat Nagar-Saket G block (8.385 km), totaling 20.762 km. These corr .

Biliti Electric invests Rs 400 crore in new manufacturing plant
Automotive Industries - Mar 14,2024
Biliti Electric, an electric mobility firm, commences construction of a new manufacturing plant in Hyderabad, investing Rs 400 crore ($5.6 billion). The facility aims to produce over 2,000 electric th .