CapEx News - Oct 2024

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GR infraprojects secures Rs 1,670 crore for greenfield power transmission expansion
Automotive Industries - Oct 03,2024
GR Infra Projects is raising Rs 1,670 crore in equity capital through Standard Chartered Bank to develop greenfield power transmission projects. As India targets 500 GW of renewable energy capacity by .

India to add 50 new pharma greenfield plants under PLI scheme
Manufacturing - Oct 03,2024
India plans to establish 50 new greenfield pharma manufacturing plants in the next two years under the Production-linked Incentive (PLI) scheme. Arunish Chawla, secretary of the Department of Pharmace .

Centre approves Rs 11,000 crore for development of roads in Chhattisgarh
Infrastructure - Oct 03,2024
Union Road Transport Minister Nitin Gadkari approved ₹11,000 crore for the construction and development of four national highways in Chhattisgarh. The projects include the Urga-Katghora bypass, Basn .

Hyderabad Metro Phase 2 expands to 116 km with Airport link
Infrastructure - Oct 03,2024
Phase 2 of the Hyderabad Metro Rail will span 116.2 km and cost approximately Rs 32,237 crore. A key segment from the airport to Skill University will cover 40 km, including a 2 km underground section .

Reliance to set up textile park in 880 acres of land near Pradhan Port
Infrastructure - Oct 03,2024
The Maharashtra Industrial Development Corporation (MIDC) plans to transfer 880 acres of land in Mahim and Tokrale to Reliance Industries for a textile park. An application has been submitted to the P .

Apple set to make AirPods in India
Infrastructure - Oct 03,2024
Apple plans to start producing AirPods in India, focusing on exports. The casing will be made at Jabil's Pune factory, with final assembly at Foxconn's new unit in Telangana. Despite the abs .

BMRCL begins geotechnical survey for Namma Metro Phase III expansion
Infrastructure - Oct 03,2024
The Bangalore Metro Rail Corporation Limited (BMRCL) has launched a geotechnical survey for Phase III of the Namma Metro project on Magadi Road. This expansion will introduce two elevated metro lines: .

Senvion India secures conditional order for 210MW wind turbine project
Power Generation - Oct 01,2024
Senvion India secured a conditional order for 50 of its new 4.2M160 wind turbines, totaling 210 MW, from Continuum Green Energy, with delivery starting in April 2026. The project, located in Gujarat o .