CapEx News - Oct 2024

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Project News & Updates - Oct 2024


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 .


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 .


BEML targets Rs 900crore capex till FY’25
Infrastructure  -  Oct 25,2024
BEML plans Rs 900 crore capex by FY'25 and has re-entered the construction equipment market, focusing on higher-capacity products to tap into a Rs 45,000 crore market. After restructuring into 11 .


Serentica Global plans 10 GW RE projects in Andhra Pradesh
Infrastructure  -  Oct 25,2024
Vedanta Group's Serentica Global plans to develop 10 GW of renewable energy (RE) projects in Andhra Pradesh. State Minister Nara Lokesh, aiming for 72 GW RE capacity by 2030, invited corporations .


Apple supplier Jabil mulls two more units at USD 275-million outlay
Manufacturing  -  Oct 25,2024
Apple supplier Jabil plans to invest USD 250-275 million to establish two more manufacturing units in India, expanding beyond its Pune facilities. It has signed an MoU with Tamil Nadu to build a new e .


Powergrid wins Gujarat transmission project
Infrastructure  -  Oct 25,2024
Power Grid Corporation of India (Powergrid) won a transmission project in Gujarat through a tariff-based competitive bidding process. The project, under Phase-V (8 GW) in Khavda, will evacuate power f .


JSW Energy subsidiary signs PPA for 700 MW solar project
Power Generation  -  Oct 25,2024
JSW Renew Energy Eleven signed a 25-year PPA with SECI for 700 MW solar capacity under SECI Tranche XIII at Rs 2.56/kWh. The project will be commissioned within 24 months. JSW Energy, targeting 10 GW .


South Korean shoe company proposes giga factory in Telangana
Manufacturing  -  Oct 25,2024
South Korean company ShoeallS plans to invest Rs 300 crore in a state-of-the-art shoe manufacturing plant in Telangana, seeking 750 acres of land. The facility, termed a "giga factory," aims to create .


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