CapEx News - May 2024

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Project News & Updates - May 2024


IFFCO's fourth oxygen plant to commence operations by June 15
Chemicals  -  May 06,2024
IFFCO, a fertiliser cooperative, announced its fourth oxygen plant in Paradeep, Odisha, will start operations by June 15. This plant, part of a Rs 30 crore investment, will supply free oxygen to hospi .


Asian Paints develops greenfield greenfield project in Gujarat's Dahej
Chemicals  -  May 06,2024
Asian Paints (Polymers) is constructing a greenfield project in Gujarat’s Dahej, spanning 25 acres in GIDC Industrial Estate Dahej II. The project includes a Vinyl Acetate monomer (VAM), Vinyl Aceta .


CEAT to expand tyre manufacturing capacity at Chennai plant
Manufacturing  -  May 06,2024
CEAT is set to expand its manufacturing capacity at its Chennai plant with an estimated Rs 750 Crore investment for FY25. The goal is to increase production to 45,000 tyres per month, focusing on the .


SAIL-RITES JV secures Rs. 818 crore wagon order from Indian Railways
Mining  -  May 06,2024
Indian Railways awarded a Rs 817.74 crore contract to SAIL-RITES Bengal Wagon Industry Pvt Ltd (SRBWIPL), a joint venture between SAIL and RITES, for manufacturing 2,000 Bogie Open Wagons (BOXNHL) for .


Swiss Military Consumer Goods acquires land and building at Faridabad
Manufacturing  -  May 06,2024
Swiss Military plans to establish its first fully owned manufacturing unit in Faridabad, Haryana, with an initial investment of Rs 56.5 crore. The unit, dedicated to luggage and travel gear, will cove .


Tata Power Renewable Energy signs PPA with SJVN
Power Generation  -  May 06,2024
Tata Power Renewable Energy Ltd (TPREL) has partnered with SJVN Ltd to establish a 460 MW Firm and Dispatchable Renewable Energy (FDRE) project. This project integrates solar, wind, and battery storag .


DCM Shriram Ltd commissions Caustic Soda Expansion Project
Chemicals  -  May 06,2024
DCM Shriram has commissioned its Caustic Soda expansion project of 850 TPD at its Chemical complex in Jhagadia, Gujarat, increasing the total installed capacity to 2,225 TPD. The move boosts the overa .


KP Energy Ltd commissions further 12.6 MW wind power project
Power Generation  -  May 06,2024
KP Energy has completed the commissioning of a 12.6MW Wind Power Project (Phase-IX) at Sidhpur, Devbhoomi Dwarka, comprising 6 WTGs of 2.1MW each. This project is part of a larger 250.8MW ISTS connect .


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