CapEx News - May 2024

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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 .

Lectrix EV to invest Rs 100 crore in FY25, plans multiple launches
Automotive Industries - May 29,2024
Lectrix EV, SAR Group's electric mobility arm, targets the two-wheeler segment with new model launches and Rs 100 crore investment in FY25 for charging infrastructure, manufacturing, and R&D. Its .

Shyam Metalics expands rail infrastructure at its steel plant in Odisha
Infrastructure - May 29,2024
Shyam Metalics and Energy (SMEL) completes rail infrastructure expansion at its Odisha plant, doubling lines to four. Enhanced facilities aim for efficient material flow. Yet, current capacity meets o .

BHEL signs technology transfer agreement with BARC for 50 kW electrolyser system
Infrastructure - May 29,2024
Bharat Heavy Electricals (BHEL) partners with Bhabha Atomic Research Centre (BARC) for technology transfer of a 50 kW alkaline electrolyser system for hydrogen production. This collaboration aims to s .

Welspun Living achieves record revenue and announces major expansion projects
Manufacturing - May 29,2024
Welspun Living achieves record revenue of Rs. 98,251 crore in FY24. Expanding capacities include Jacquard towel plant in Anjar, adding 6,400 MTPA, and greenfield pillow manufacturing project in Ohio, .

AP Moller Capital, JSW Infra to form JV for ports, logistics in India
Infrastructure - May 28,2024
AP Moller Capital and JSW Infrastructure will form a joint venture to invest in and develop ports and logistics in India. A memorandum of understanding was signed for this venture. A.P. Moller Capital .

Jupiter Wagons to invest Rs 1,500 crore over two years
Manufacturing - May 28,2024
Jupiter Wagons plans a Rs. 1,500 crore investment over two years to diversify its business and boost revenue from wagon manufacturing, railway components, commercial vehicles, and containers. The inve .

Fischer Medical Ventures introduces India’s first Indigenous MRI system
Manufacturing - May 28,2024
Fischer Medical Ventures Ltd (FMVL) achieves a breakthrough with India's first indigenous MRI systems, reducing dependence on imported medical devices. Developed at their AMTZ facility, the move .