CapEx News - Mar 2024

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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 .

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 .

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 .

KCP Group plans to expand capacity
Automotive Industries - Mar 18,2024
Chennai's KCP Group plans to expand cement capacity with a new plant in Andhra Pradesh, doubling output once operational. Chairperson VL Indira Dutt stated the project could complete within 18– .

Sakra to set up second hospital in Bengaluru
Hospitality and Healthcare - Mar 18,2024
Sakra World Hospital, a venture by SECOM and Toyota Tsusho Corporation, will invest Rs 1,000 crore in a Banaswadi, Bengaluru facility. The expansion includes a 1,000-bed phase and emphasizes advanced .

Mother Dairy to invest Rs 750 crore for two new plants
Food Processing - Mar 18,2024
Mother Dairy allocates Rs 750 crore for expanding dairy and fruit/vegetable processing capacities nationwide. It plans two new plants with Rs 650 crore investment, plus Rs 100 crore for existing facil .

Thermax eyes to foster green manufacturing processes
Manufacturing - Mar 18,2024
Thermax aims to collaborate with various industries for sustainable energy solutions, including coal gasification and bio-CNG projects. The company plans to invest Rs 100 crore in a coal gasification .

Delhi Governor gives nod to set up special economic, free trade zones at airport
Infrastructure - Mar 18,2024
Lieutenant-Governor VK Saxena greenlights a Special Economic Zone (SEZ) and Free Trade Zone (FTZ) spanning five acres at IGI Airport, aiming to boost logistics, economy, and job creation. The move ali .