CapEx News - May 2024

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J&K gets mega solar boost with Grew Energy’s Rs 4,500 crore plant
Power Generation - May 13,2024
Grew Energy plans a Rs 4500 crore investment in a 3.2 GW solar module facility in Jammu and Kashmir's Kathua district, boosting renewable energy. The plant, spanning 80 acres, will produce 3.2 GW .

Carborundum outlines capex plan of Rs 350 crore in FY25
Manufacturing - May 13,2024
Carborundum Universal plans a Rs 350 crore capital expenditure for the current fiscal year, notably higher than the previous five-year average. A six-tonne per month silicon carbide facility in Kerala .

SAIL-Bhilai to set up Chhattisgarh's first 15-MW floating solar plant
Manufacturing - May 13,2024
Bhilai Steel Plant (BSP), part of Steel Authority of India Limited (SAIL), plans to install Chhattisgarh's first 15MW floating solar project in Maroda-1 reservoir, aiming to reduce carbon footpri .

L&T to increase power capacity of electrolyser to four MW
Manufacturing - May 13,2024
Larsen & Toubro (L&T) plans to increase its electrolyser power capacity to four MW, targeting domestic orders in FY25-26. After manufacturing its first one-MW electrolyser in Gujarat, it aims for a fo .

Adani Group commences commercial production of wafer and ingots
Manufacturing - May 13,2024
Adani Group launches commercial production of solar wafer and ingots in Gujarat, aiming for polysilicon production by 2027-28 to be India's first integrated renewable energy player. Targeting 45 .

Murugappa Group plans to invest Rs 3,000 crore on EVs
Manufacturing - May 13,2024
TI Clean Mobility, a Tube Investments of India Ltd subsidiary, signs ₹580 crore agreement with GEF Capital Partners for EV venture. The firm has raised ₹2,530 crore of its planned ₹3,000 crore f .

Escorts Kubota plans to invest Rs 4,500 cr in new plant in coming years
Equipment - May 13,2024
Escorts Kubota plans a Rs 4,500 crore investment over 3-4 years for a new manufacturing plant in Ghiloth, Rajasthan, doubling domestic tractor production capacity to 3.4 lakh units annually. It aims t .

Honda commissions new R&D facility to accelerate electrification in India
Automotive Industries - May 13,2024
Honda R&D (India), a subsidiary of Honda Motor Co, inaugurates a new research and development center in Bengaluru to accelerate electrification in India. Aligned with Honda's global goal of carbo .