CapEx News - Sep 2024

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Project News & Updates - Sep 2024


Cabinet approves 2 green hydrogen units in MMR
Power Generation  -  Sep 26,2024
The Maharashtra Cabinet has approved the establishment of two green hydrogen production units in the Mumbai Metropolitan Region (MMR), with a capacity of 10 to 15 KTPA. These units will act as anchor .


NHPC to raise Rs 2,300 crore to fuel its expansion plans
Infrastructure  -  Sep 26,2024
NHPC plans to raise approximately Rs 2,300 crore this financial year, exceeding its initial target of Rs 2,000 crore, to support expansion under the Union government's monetisation strategy. The .


KPI receives LOA for development of 66.20 MW Hybrid Power Project
Power Generation  -  Sep 26,2024
KPI Green Energy has received a letter of award for a 66.20 MW hybrid power project from Sai Bandhan Infinium Private Limited, set for completion by July 2025. The company specializes in developing an .


Sarda Energy secures nod to expand coal production
Infrastructure  -  Sep 26,2024
Sarda Energy has received approval from the Chhattisgarh Environment Conservation Board to expand coal production at its Gare Palma IV/7 Coal Mine from 1.44 MTPA to 1.68 MTPA. The company, founded in .


Major update about Rishikesh-Karnaprayag rail project tunnels
Infrastructure  -  Sep 26,2024
The Ministry of Railways has updated the Rishikesh-Karnaprayag New Broad Gauge Rail Line project, costing over Rs 16,200 crore. Spanning 125.20 kilometers across five Uttarakhand districts, 104 km wil .


BMC issues Rs 1,600 crore tender for concretisation of EEH, WEH service and slip roads
Infrastructure  -  Sep 26,2024
BMC plans to invest Rs 1,600 crore for the concretisation of service roads, slip roads, and junctions along the Eastern and Western Express Highways. The project, detailed in a tender published on Sep .


Michelin invests Rs 563 crore to expand Tamil Nadu plant
Manufacturing  -  Sep 25,2024
Michelin India has begun constructing a new tyre manufacturing facility in Tiruvallur, Tamil Nadu, with an investment of ₹563.67 crore. The plant, based on Industry 5.0 principles, will feature adva .


Foxconn eyes $1 billion display module plant in Tamil Nadu
Infrastructure  -  Sep 25,2024
Foxconn plans to invest $1 billion to establish its first smartphone display module facility in Tamil Nadu, aimed at supporting Apple’s iPhone production. Located in Oragadam, near Chennai, the 500, .


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