CapEx News - Mar 2024

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India, Bhutan explore establishing new hydropower projects
Infrastructure - Mar 25,2024
Prime Ministers Narendra Modi and Tshering Tobgay of India and Bhutan, respectively, pledge to collaborate on new energy projects focusing on hydropower, solar, and green hydrogen. The joint vision .

Shree Cement enters ready mix concrete segment
Manufacturing - Mar 25,2024
Shree Cement Ltd enters the Ready Mix Concrete (RMC) segment with Bangur Concrete, inaugurating a Greenfield RMC plant in Hyderabad. With a capacity of 90 cubic meters per hour, it diversifies their .

Shyam Metalics plans foray into flat-rolled products, to invest Rs 450 crore
Manufacturing - Mar 23,2024
Shyam Metalics & Energy plans a greenfield expansion project for aluminium flat-rolled products in Odisha, investing Rs 450 crore. The initiative aims to boost capacity, generate employment, and bridg .

Semiconductor unit will place Assam on global map: Ratan Tata
Manufacturing - Mar 23,2024
Tata Sons Emeritus Chairman Ratan Tata praised the semiconductor facility in Assam, stating it will elevate the state globally. Assam CM Himanta Biswa Sarma expressed gratitude to Tata and PM Narendra .

Deepak Chem Tech commences its first fluorination plant at Dahej in Gujarat
Chemicals - Mar 23,2024
Deepak Chem Tech Limited, a subsidiary of Deepak Nitrite Limited, inaugurated its first Fluorination plant in Dahej, Gujarat. The plant aims to provide world-class solutions to various industries and .

Tata Cummins launches Hydrogen-based engine facility in Jamshedpur
Manufacturing - Mar 23,2024
Tata Cummins Private Limited inaugurated a state-of-the-art factory in Jamshedpur for producing hydrogen-based internal combustion engines. The facility, established within a year of an MoU with the J .

Sterling Generators partners Tecnicas Reunidas for electrolyser development in India
Infrastructure - Mar 23,2024
Sterling Generators, a subsidiary of Sterling & Wilson, partners with Tecnicas Reunidas to develop a one MWe hydrogen electrolyser in India, aiming for commissioning by late 2024 and scalability to 10 .

Lemon Tree Hotels inks new property in Jharkhand
Infrastructure - Mar 23,2024
Lemon Tree Hotels signed a franchise agreement for a new hotel in Ranchi, Jharkhand, its third upcoming property in the state. Expected to open in FY25, the hotel will feature 45 rooms, dining facilit .