CapEx News - Sep 2023

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Schneider Electric India to invest Rs 3,200 crore capex by 2026
Power Generation - Sep 25,2023
Schneider Electric India plans a substantial investment of Rs 3,200 crore by 2026 to expand its operations in nine states, including Gujarat, Telangana, Karnataka, and more. CEO Deepak Sharma emphasiz .

MG Motor India looking into possibilities of second plant in India
Automotive Industries - Sep 25,2023
MG Motor India is considering the establishment of a second manufacturing plant in the country, alongside its existing facility in Gujarat. Gaurav Gupta, deputy managing director, mentioned a potent .

Suzlon Group bags 29.4 MW wind capacity order from BrightNight
Automotive Industries - Sep 25,2023
Suzlon Group has secured an order from BrightNight to install 29.4 MW of wind capacity as part of a 100 MW wind-solar hybrid project in Osmanabad, Maharashtra. The project will consist of 14 units o .

Sintex to invest Rs 35 crore to set up manufacturing unit in Telangana
Manufacturing - Sep 25,2023
Sintex, a subsidiary of the Welspun Group, is investing Rs. 350 crore in Telangana, aiming to create 1000 jobs in the region. On September 28, 2023, the foundation stone for the Sintex manufacturing f .

ITC Hotels inks agreement for Welcomhotel Kalimpong
Building Materials - Sep 25,2023
ITC Hotels has signed a management agreement with Pravez Constructions Private Ltd for the Welcomhotel Kalimpong resort in West Bengal. The project, spanning four acres, will offer 70 luxury accommoda .

Regency Ceramics announces restart of its manufacturing operation in Yanam
Manufacturing - Sep 25,2023
Regency Ceramics, based in Hyderabad, is set to reopen its Yanam manufacturing facility, closed in 2012 due to labor disputes. The company plans to invest up to Rs 70 crore in stages to achieve a dail .

Haworth International to establish second manufacturing unit near Chennai
Equipment - Sep 25,2023
Haworth, a global office furniture and workspace solutions provider, plans to invest USD 8-10 million in a modern manufacturing facility near Chennai, India. The company has also opened a showroom a .

Hettich inaugurates third production unit in India
Automotive Industries - Sep 25,2023
Hettich, a German lifestyle brand, has expanded its presence in India with the opening of its third production unit in Indore, Madhya Pradesh. Andre Eckholt, the managing director of Hettich India, .