CapEx News - Sep 2024

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JSW Energy arm commissions 300 MW wind project
Power Generation - Sep 16,2024
JSW Energy's subsidiary, JSW Renew Energy Two Ltd, has completed a 300 MW wind power facility in Tuticorin, Tamil Nadu, awarded by SECI. This project is the company's first greenfield wind p .

Foxconn-HCL chip JV may assemble in Uttar Pradesh
Infrastructure - Sep 13,2024
Taiwan's Foxconn and India's HCL Group plan to build a semiconductor outsourced assembly and testing unit on 30 acres near the Jewar airport in Uttar Pradesh, pending central government appr .

TN govt signs MoU with U.S. machinery manufacturer Caterpillar
Automotive Industries - Sep 13,2024
Caterpillar will expand its equipment manufacturing in Tamil Nadu, with investments in Thiruvallur and Krishnagiri districts, as announced by Chief Minister MK Stalin. The expansion follows Stalin’s .

IHCL strengthens presence in Tamil Nadu, adds two more hotels in Chennai
Hospitality and Healthcare - Sep 13,2024
Indian Hotels Company Limited (IHCL) is opening two new hotels in Chennai’s Mahindra World City: Vivanta and Ginger. The greenfield projects, situated on a three-acre site near Kolavai Lake, will en .

L&T awarded Agra metro line-2 construction contract
Infrastructure - Sep 13,2024
Larsen & Toubro (L&T) has won a Rs. 1242.79 crore contract for the Agra Metro Phase 1 Line-2 project. The contract, awarded by Uttar Pradesh Metro Rail Corporation (UPMRC), includes constructing a 15. .

Nidec Corporation commits Rs 600 crore for Hubli-Dharwad expansion
Manufacturing - Sep 13,2024
Japan-based Nidec plans to expand its investment in Karnataka by an additional Rs 150 crore for a 20-acre expansion in the Hubli-Dharwad industrial area. This follows a previous Rs 450 crore investmen .

Cable-stayed flyover between Madh and Versova to be ready in 36 months
Infrastructure - Sep 13,2024
The Brihanmumbai Municipal Corporation (BMC) has approved a Rs 2,029 crore contract for a cable-stayed flyover between Madh and Versova, awarded to APCO Infratech. The project's cost has risen by .

CEAT's expansion at Chennai plant to grow its truck, bus radial segment
Automotive Industries - Sep 13,2024
Tyre manufacturer CEAT is expanding its truck and bus radial (TBR) tyre production at its Chennai plant with a Rs 670 crore investment. The new TBR line will produce 1,500 tyres per day and create 500 .