CapEx News - Sep 2023

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EV maker BNC to invest Rs 100 crore in the next 18 months to increase production
Automotive Industries - Sep 19,2023
Bharat New-energy Company (BNC Motors), an electric vehicle manufacturer, plans to invest 100 crore rupees in the next 18 months to expand its manufacturing capacity and introduce new vehicles. The .

PCM Group announces ethanol and sleeper manufacturing units during Spain trip
Petroleum - Sep 19,2023
A delegation from the Bengal government, led by Chief Secretary H.K. Dwivedi and Industry Secretary Vandana Yadav, visited Travipos, a subsidiary of PCM Railone in Spain. PCM Group of Industries, whic .

JSW Infra readies Rs 2800 crore IPO
Infrastructure - Sep 19,2023
JSW Infrastructure Ltd is set to launch a Rs2,800 crore initial public offering (IPO), marking the JSW Group's return to the IPO market after 13 years. The IPO, consisting entirely of new shares, .

REC extends Rs 6,075 crore loan to Greenko
Power Generation - Sep 19,2023
Greenko, a renewable energy company, secured a Rs 6,075 crore loan from REC Limited for its 1,440-megawatt Standalone Pumped Storage Project. REC Ltd, designated a Maharatna Central Public Sector Ente .

Mahindra Holidays inks MoU with Uttarakhand govt to invest Rs 1000 crore
Hospitality and Healthcare - Sep 19,2023
Mahindra Holidays & Resorts (MHRIL) has signed an MOU with the Government of Uttarakhand for a Rs 1000 crore investment to construct 4-5 large resorts in the state. This significant investment aims to .

Oil India and its subsidiary Numaligarh Refinery to invest Rs 8,000 crore in Ethanol
Petroleum - Sep 19,2023
Oil India and its subsidiary, Numaligarh Refinery Ltd (NRL), are jointly investing in the 2G ethanol industry with an approximate investment of Rs 8,000 crore. Oil India is pursuing various sustainabl .

Contemporary district-level hospital under construction in Modasa
Hospitality and Healthcare - Sep 16,2023
A district-level hospital is under construction in Modasa, Aravalli, costing over 121 crore. It's expected to open in 2024-25, according to Health Minister Rishikeshbhai Patel. The Bhiloda Govern .

World's biggest oil refinery coming up in India
Automotive Industries - Sep 16,2023
The world's largest oil refinery project in Maharashtra, India, faces political challenges, but recent developments signal hope. Prime Minister Narendra Modi and Saudi Crown Prince Mohammed Bin S .