CapEx News - Oct 2024

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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 .

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 .

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 .

PM MITRA, PLI schemes to attract Rs 95,000 crore investment in textiles sector
Textiles - Oct 25,2024
India's textiles sector is set to attract investments of Rs 95,000 crore through seven PM MITRA mega textile parks and the PLI scheme for man-made fabrics and technical textiles over the next thr .

Hindustan Zinc’s USD 2.5-billion plan to double production starts
Metallurgical Industries - Oct 25,2024
Hindustan Zinc, a Vedanta subsidiary, has launched a ₹30,000 crore ($2-2.5 billion) capex plan to double its metal production to over 2 million tonnes. The initiative includes expanding zinc capacit .

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 .

Sona BLW Precision inaugurates new plant in Haryana, starts production
Infrastructure - Oct 25,2024
Sona BLW Precision Forgings inaugurated its second driveline plant in Manesar, Haryana, on October 21, 2024. Located near Sector 2A in IMT Manesar, the new facility aims to meet the growing demand for .