CapEx News - Mar 2024

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CG Power gets Cabinet nod for Rs 7,600 crore semiconductor unit in Gujarat
Infrastructure - Mar 01,2024
The Union Cabinet approved a semiconductor unit in Gujarat, with an investment of Rs 7,600 crore. CG Power, Renesas, and Stars Microelectronics will jointly establish the facility, focusing on special .

Tata's semiconductor fabrication plants receive govt nod
Manufacturing - Mar 01,2024
The Union Government approved the establishment of three semiconductor fabrication plants in India, with a total estimated cost of Rs 1.26 lakh crore. Tata Electronics partners with Taiwan’s PSMC fo .

Tower's foundry plan gets Cabinet approval
Manufacturing - Mar 01,2024
The Centre approved Israeli semiconductor company Tower's proposal, marking India's first pure-play chip foundry. Minister Rajeev Chandrasekhar noted India's recent strides in the semic .

Lemon Tree Hotels inks deal for new property in Vadodara, Gujarat
Food Processing - Mar 01,2024
Lemon Tree Hotels introduces Keys Lite by Lemon Tree Hotels in Vadodara, managed by Carnation Hotels Pvt. Ltd. The property, launching in fiscal year 2025, offers 63 rooms, dining, banquet, and meetin .

L&T commissions first indigenously manufactured electrolyser at green hydrogen plant in Hazira
Manufacturing - Mar 01,2024
Larsen and Toubro have launched their first domestically produced hydrogen electrolyser at Hazira, Gujarat, marking L&T Electrolyser Ltd's debut in local electrolyser manufacturing. With a rated .

HURL to set up nano-urea plant in Sindri
Infrastructure - Mar 01,2024
Hindustan Urvarak and Rasayan Limited (HURL) aims to achieve India's self-reliance in urea production by 2025. The organization's chairman, SP Mohanti, stated that all three HURL plants have .

Kanoria Chemicals to invest Rs 12.70 crore to increase capacity
Hospitality and Healthcare - Mar 01,2024
Kanoria Chemicals & Industries plans to expand Hexamine production capacity by 18 MTPD in Ankleshwar, Gujarat, investing Rs. 12.70 crore. Financed through internal accruals and bank funding, the expan .

66th meeting of Network Planning Group under PM GatiShakti evaluates five infrastructure projects
Infrastructure - Mar 01,2024
The 66th Network Planning Group (NPG) meeting, chaired by DPIIT's Additional Secretary Rajeev Singh Thakur, reviewed three MoRTH and two MoR projects in New Delhi. The focus was on integrated pla .