CapEx News - May 2024

Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers

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L&T Switchgear rebrands to Lauritz Knudsen
Manufacturing - May 30,2024
L&T Switchgear rebrands as Lauritz Knudsen after Schneider Electric acquisition in 2020. The company plans to invest Rs 850 crore by 2026 in manufacturing, R&D, and innovation. Peter Herweck, CEO of S .

NMDC allocates Rs 50,000 crore capex to double production
Infrastructure - May 30,2024
NMDC plans a Rs 50,000-crore capex to double production to 100 MT in 5-6 years. Investments focus on mine enhancement, new bids, and acquisitions, with approvals expected by FY end. Capex will peak at .

Radisson Hotel Group debuts in Bihar
Infrastructure - May 30,2024
Radisson Hotel Group announced the signing of its first hotel in Bihar, Radisson Hotel Patna, in partnership with Naturals Dairy Pvt Ltd. The 120-room hotel is expected to open by Q4 2027, marking the .

Bosch in talks with several vehicle makers to offer hybrid solutions
Infrastructure - May 30,2024
Bosch is engaging with various automakers to provide hybrid solutions, with Indian OEMs showing interest. Sales of hybrids are growing, reaching 2% of total car sales in India. Major players like Maru .

Fortis lines up Rs 1,300 crore capex to expand existing hospitals
Hospitality and Healthcare - May 29,2024
Fortis Healthcare plans a Rs 1,300 crore investment to expand existing hospital capacities, adding around 2,200 beds. CFO Vivek Goyal highlights expansions in Faridabad, Anandpur Sahib, and Shalimar B .

Reliance Industries to commence construction on India’s first multimodal logistics park near Chennai
Infrastructure - May 29,2024
Reliance Industries will commence construction of a multimodal logistics park near Chennai in June 2024. Located on 184.27 acres in Tiruvallur district, Tamil Nadu, it aims to offer efficient logistic .

Aster DM to pump in Rs 250 crore, add 350 beds to Bengaluru hospital
Infrastructure - May 29,2024
Aster DM Healthcare is expanding Aster CMI Hospital in Bengaluru by 300,000 sq ft, increasing bed capacity from 500 to 850. With a Rs 250 crore investment, the project aims for completion by FY27. CEO .

GAIL inaugurates India's first green hydrogen plant in Madhya Pradesh
Power Generation - May 29,2024
GAIL (India) inaugurated its first green hydrogen plant in Vijaipur, Madhya Pradesh, marking its venture into alternative energy. The 10-MW proton exchange membrane electrolyser, imported from Canada, .