CapEx News - Nov 2024

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Bhogapuram international airport to be completed by 2026
Infrastructure - Nov 22,2024
GMR Visakhapatnam International Airport CEO Manomay Rai announced that Bhogapuram international airport will be completed by June 2026, accommodating large aircraft. He emphasized sustainability, digi .

Andhra’s investment promotion board approves projects worth Rs 85,000 crore
Infrastructure - Nov 22,2024
The Andhra Pradesh State Investment Promotion Board (SIPB), chaired by CM Chandrababu Naidu, approved investments worth Rs 85,083 crore on November 19, set to create 33,966 jobs. Key projects include .

BPCL's Rs 60,000 crore oil refinery and petrochemical project to come up in Nellore, AP
Infrastructure - Nov 22,2024
Andhra Pradesh is set to host a Rs 60,000 crore oil refinery and petrochemical hub in Ramayapatnam, Nellore district, led by Bharat Petroleum Corporation (BPCL). The project, spanning 1,000 acres, ful .

Vizag set to emerge as hub for shipbuilding by 2047: HSL CMD
Infrastructure - Nov 22,2024
Cmde Hemant Khatri, CMD of Hindustan Shipyard Limited, predicts that Visakhapatnam will become a major shipbuilding and repair hub by 2047, creating jobs and boosting the local economy. He highlighted .

GNFC, INEOS UK sign agreement to form JV to construct acetic acid plant in India
Infrastructure - Nov 21,2024
Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) has signed an MoU with INEOS Acetyls International to form a joint venture in India. The JV will focus on constructing and operating a world-scale .

Tata seals deal to acquire 60% of Pegatron's Tamil Nadu iPhone plant
Infrastructure - Nov 21,2024
Tata Electronics will acquire a 60% stake in Pegatron’s Tamil Nadu iPhone plant, with Pegatron retaining 40% and providing technical support. This move boosts Tata's role in Apple's supply .

Centre's NPG evaluates new rail line projects on Delhi-Chennai corridor
Infrastructure - Nov 21,2024
The Centre's Network Planning Group reviewed major railway projects to enhance connectivity and freight efficiency, including the Wardha-Balharshah fourth line, Itarsi-Nagpur quadrupling, and Gon .

India’s first advanced ultra-supercritical thermal plant to come up in Chhattisgarh
Infrastructure - Nov 21,2024
India’s first 800-MW advanced ultra-supercritical (AUSC) thermal power plant will be built in Korba, Chhattisgarh, by NTPC and BHEL, featuring 46% efficiency to reduce emissions. Supported by govern .