CapEx News - Mar 2024

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IndiGrid to Construct 180 MW Battery Energy Storage System in Gujarat
Infrastructure - Mar 20,2024
IndiGrid, a publicly listed InvIT, receives a Letter of Intent from Gujarat Urja Vikas Nigam for a 180 MW/360 MWh Battery Energy Storage System in Gujarat. Part of a larger initiative, the project aim .

ARS Group to operationalise TMT bars expanded capacity by June 2024
Infrastructure - Mar 20,2024
ARS Steels and Alloy International (ARS Group) targets June 2024 for the launch of its expanded TMT bars capacity. The group secured environmental clearance for its Rs 100-crore expansion project in G .

Torrent Power bags 300 MW grid-connected wind solar hybrid project
Power Generation - Mar 20,2024
Torrent Power secured an order to establish a 300 MW grid-connected wind solar hybrid project, obtaining the Letter of Award from its distribution unit. The project, with a tariff set at ₹3.65/kWh f .

Prestige Estates inks pact with Marriott for six hotels in India
Infrastructure - Mar 20,2024
Prestige Estates Projects and Marriott International have joined hands to develop six hotel projects across Goa and Karnataka over two-to-five years. The collaboration introduces new Marriott brands t .

Work begins on longest tunnel in Dimapur-Kohima rail project
Manufacturing - Mar 20,2024
Construction has begun on the longest tunnel, measuring 6,610 meters, on the Dimapur-Kohima new rail line project in Tsiepama village, Dimapur district. This project, spanning 82.50 km, includes eight .

Digital Edge to invest Rs 1,400 crore for data centre in Maharashtra
Infrastructure - Mar 20,2024
Digital Edge DC (India), supported by NIIF, will invest Rs 1,400 crore for a Navi Mumbai data center, initially at 15 MW capacity. Plans include scaling up to 300 MW in phases. SBI provides a term loa .

Sterling Generators partners with Spanish firm for hydrogen electrolyser in Silvassa
Infrastructure - Mar 20,2024
Sterling Generators and Spanish company Tecnicas Reunidas have signed an MoU to develop a 1 MW electrolyzer at Sterling's Silvassa plant, marking their entry into the hydrogen economy. Sterling&a .

MPIDC to establish CEPT at a cost of Rs 24.6 crore
Industrial Productx - Mar 20,2024
Madhya Pradesh Industrial Development Corporation (MPIDC) is establishing a 5.2 MLD capacity common effluent treatment plant (CEPT) costing Rs 24.6 crore in Vikram Udyogpuri, Ujjain. MPIDC aims to pro .