CapEx News - Sep 2024

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Adani Power to triple capacity of Kawai plant with Rs 18,000 crore investment
Manufacturing - Sep 05,2024
Adani Power plans to triple its Kawai thermal power plant capacity from 1,320 MW to 4,520 MW with an Rs 18,000 crore investment, expanding in two phases. The company is also increasing its overall the .

Welspun New Energy plans to establish pumped storage project in Maharashtra
Power Generation - Sep 05,2024
Welspun New Energy signed an MoU with the Maharashtra government for a 1.2 GW pumped hydroelectric storage project, the 'Dhamni Pumped Hydro project,' in Pune and Raigad districts with an .

Pumped Hydro Project Pune Raigad
Infrastructure - Sep 05,2024
The Air India Group will build a Rs 1,400 crore MRO facility at Kempegowda International Airport, Bengaluru, expanding its hub alongside Delhi and Mumbai. Set to be completed by 2025, the 35-acre fa .

IHCL announces signing of a Taj Hotel at Sohna Road, Gurugram
Hospitality and Healthcare - Sep 05,2024
Indian Hotels Company (IHCL) will open a new Taj hotel in Gurugram, Haryana, as part of its expansion. The greenfield project will feature 225 luxury rooms, an all-day diner, a bar, a specialty restau .

THDC to harness 6,790 MW pumped hydropower storage at Rs 33,600 crore
Power Generation - Sep 05,2024
agreement covers project surveys, DPR preparation, and adherence to regulations. The six projects include Malshej Ghat, Aruna, Kharari, Humbarli Birmani, Aruna Kolamb, and Morawadi Majarewadi PSPs. .

Tamil Nadu secures Rs 900 crore investments during CM Stalin's US visit
Infrastructure - Sep 05,2024
During a San Francisco investors' meet, Tamil Nadu Chief Minister MK Stalin secured MoUs with six companies, including Nokia, PayPal, and Microchip, for a total investment of Rs 900 crore, aimi .

Kinet commences operations at Marathwada Rail Coach Factory
Infrastructure - Sep 05,2024
On September 3, 2024, Kinet Railway Solutions launched the Marathwada Rail Coach Factory (MRCF) in Latur, Maharashtra. The facility, covering 351 acres, will focus on producing Vande Bharat sleeper co .

Brose India aiming for comeback with new investments and products
Automotive Industries - Sep 05,2024
Brose India Automotive Systems, a German auto component company, is exploring joint ventures, mergers, and partnerships to expand in India. CEO Dr. Philipp Schramm highlighted a selective approach, fo .