CapEx News - May 2024

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Project News & Updates - May 2024


AP fire-hit Foxlink back on track with a new Tamil Nadu plant
Infrastructure  -  May 17,2024
Taiwan's Foxlink is expanding its presence in India, constructing a new plant in Oragadam near Chennai after a fire incident at its Tirupati facility last year. The company plans to commence prod .


PPCB mulls establishing plant for hydrochloric acid recovery
Automotive Industries  -  May 17,2024
The Punjab Pollution Control Board (PPCB) plans to establish a hydrochloric acid (HCL) recovery plant to scientifically and environmentally recover spent acid in Punjab. After studying similar plants .


Karnataka's first waste-to-energy plant to be operational in 2 weeks at Bidadi
Power Generation  -  May 17,2024
A joint initiative between Karnataka Power Corporation Ltd (KPCL) and Bruhat Bengaluru Mahanagara Palike aims to power around two lakh homes within 15 days using Karnataka's first operational was .


TI Clean Mobility commits Rs 320 crore investment
Automotive Industries  -  May 17,2024
TI Clean Mobility, a subsidiary of Tube Investments of India Ltd, plans to invest Rs 471 crore in expansion, primarily to establish a Chennai factory for electric small commercial vehicles. The compan .


Epsilon to establish Rs 5,000 crore Cathode plant in India
Infrastructure  -  May 17,2024
Epsilon Advanced Materials (EAM) plans to invest INR 5,000 Crore for a cathode plant in India, considering Karnataka, Tamil Nadu, and Telangana. Another investment of USD 1.1 Billion in Karnataka will .


Airport to come up at Paradip with Rs 200 crore investment
Infrastructure  -  May 17,2024
Union Minister Nitin Gadkari announced several infrastructure projects in Odisha, including an airport in Paradip with a Rs 200 crore investment. Initiatives include a six-lane Bhubaneswar ring road ( .


Gujarat Toolroom to construct Rs 572.5 crore hybrid green energy plant
Power Generation  -  May 17,2024
Gujarat Toolroom (GTL) plans a hybrid-green energy power plant with a total project cost of Rs 572.5 crore. Investment includes Rs 150 crore for solar panels, Rs 225 crore for wind turbines, and other .


Venus Pipes forays into fittings business
Manufacturing  -  May 17,2024
Venus Pipes is expanding its business into fittings, allocating Rs 175 crore for capex through warrants and debts. The move aims to provide complete PFF solutions to customers. The expansion includes .


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