CapEx News - Oct 2024

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Nitin Gadkari approves Rs 1,155 crore highway projects in Andhra Pradesh and Madhya Pradesh
Infrastructure - Oct 28,2024
Road Transport and Highways Minister Nitin Gadkari has approved two major highway projects totaling Rs 1,155.86 crore to enhance road infrastructure in Andhra Pradesh and Madhya Pradesh. The first pro .

Naveen Jindal group to invest Rs 2,160 crore to scale up cement production
Metallurgical Industries - Oct 28,2024
Jindal Panther Cement, part of the Naveen Jindal Group, will invest Rs 2,160 crore to expand its cement capacity to 7 MTPA. A new 1.5 MTPA grinding unit in Angul, Odisha, will utilize slag from Jindal .

PM Modi inaugurates projects worth over Rs 4,800 crore in Gujarat
Infrastructure - Oct 28,2024
PM Narendra Modi inaugurated and laid foundation stones for over Rs 4,800 crore in development projects across Gujarat's Saurashtra and Kutch regions. Key initiatives include water supply project .

Coromandel International unveils Rs 800 crore expansion plan
Infrastructure - Oct 28,2024
Coromandel International approved an Rs 800 crore investment to expand operations, enhancing fertilizer production in Kakinada, Andhra Pradesh, and establishing a fungicide plant in Ankleshwar, Gujara .

Sunsure Energy commissions its sixth open access solar power plant in Uttar Pradesh
Infrastructure - Oct 28,2024
Sunsure Energy commissioned its sixth open access solar plant in Augasi, Banda, Uttar Pradesh, with a 49 MWp capacity. The company’s total open access solar capacity in the state now stands at 160 M .

Piramal Pharma deploying USD 85 million capex this fiscal: Nandini Piramal
Infrastructure - Oct 28,2024
Piramal Pharma is investing $85 million in FY24 for capacity expansion, maintenance, and de-bottlenecking across domestic and U.S. sites, including Telangana, Dahej, and Lexington. $30 million has alr .

Hyatt Hotels Corporation targets 100 hotels milestone in India over next 5-6 years
Hospitality and Healthcare - Oct 28,2024
Hyatt Hotels Corporation aims to nearly double its properties in India to 100 hotels within the next five to six years, according to Managing Director Sunjae Sharma. The expansion is driven by the gro .

Hindustan Zinc to invest up to $2 billion to double production capacity: CEO Arun Misra
Infrastructure - Oct 28,2024
Hindustan Zinc, part of the Vedanta Group, plans to invest up to $2 billion to double its production capacity to 2 million tonnes. CEO Arun Misra outlined targets of 1.2 million tonnes by 2025, increa .