CapEx News - Oct 2023

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Tamil Nadu government gives nod for six mini textile parks in State
Textiles - Oct 30,2023
The Tamil Nadu government has approved six small textile parks, with eight more awaiting permission. The plan, dormant since 2015, has been revived and received significant interest. It offers a 50% s .

UltraTech sets aside a capex of Rs 13,000 crore to add production capacity by 21.9 MTPA
Manufacturing - Oct 30,2023
UltraTech, a cement manufacturer, is investing Rs 13,000 crore in the third phase of expansion to increase its annual production capacity by 21.9 million tonnes, reaching a total capacity of 182 MTPA. .

Tata Power arm inks MoU to build 43.75 MW solar project for Mukand Ltd
Power Generation - Oct 30,2023
Tata Power Renewable Energy Ltd. (TPREL) has signed a deal to construct a 43.75 MW captive solar project in Jamkhed, Maharashtra, for Mukand Ltd., a Bajaj Group company. The project aims to generate 9 .

Gujarat and Wardwizard Innovation ink MoU for manufacturing of electric vehicles
Automotive Industries - Oct 30,2023
The Gujarat government and Wardwizard Innovations & Mobility have signed a preliminary agreement to invest Rs 2,000 crore in establishing an electric vehicle (EV) auxiliary cluster by 2024. The invest .

PEDA signs agreement with HPCL for establishing 10 compressed biogas projects in Punjab
Petroleum - Oct 30,2023
The Punjab Energy Development Agency (PEDA) and Hindustan Petroleum Corporation Limited (HPCL) have signed an MoU to establish ten compressed biogas (CBG) projects and other renewable energy initiativ .

Yamuna Expressway Authority likely to acquire 1,200 hectares for airport expansion in Nodia
Infrastructure - Oct 30,2023
Yamuna Motorway Industrial Development Authority (YEIDA) plans to acquire 1,200 hectares of land for the future Noida International Airport near the Aligarh district. Six villages near the airport are .

SRF board approves investments worth Rs 235 crore
Chemicals - Oct 30,2023
The SRF board has approved the establishment of a new plant in Dahej, Gujarat, for the production of an agrochemical intermediate. The capital expenditure for this project is set at Rs 235 crore, with .

AM/NS India to build deep draft Greenfield Jetty at Suvali in Gujarat
Infrastructure - Oct 30,2023
ArcelorMittal Nippon Steel India (AM/NS India) plans to construct a Deep Draught Greenfield Jetty in Suvali, near Hazira, with a capacity of 65 million metric tonnes per annum (MMTPA). This expansion .