CapEx News - Sep 2024

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Hindustan Zinc outlines $2.5 billion expansion plan to double output
Metallurgical Industries - Sep 23,2024
Hindustan Zinc Ltd plans to invest $2.5 billion (Rs 20,900 crore) to double its annual production capacity to 2 million tonnes of zinc, lead, and silver. The expansion, starting next fiscal year, incl .

ReNew Power shelves Rs 18,000 crore mega projects in Nagpur
Manufacturing - Sep 23,2024
ReNew Energy's proposed Rs 18,000 crore solar panel project in Butibori, Maharashtra, is reportedly relocating to Gujarat due to political indifference and high electricity tariffs. The project, .

Aster DM to invest Rs 220 crore in 300-bed hospital in Hyderabad
Hospitality and Healthcare - Sep 23,2024
Aster DM Healthcare's subsidiary, Sri Sainatha Multispecialty Hospitals, has signed a 30-year lease with Aparna Constructions to establish a new Aster Woman and Children Hospital in Hyderabad, in .

Kerala's green hydrogen valley project to be set up with Rs 18,542 crore investment
Chemicals - Sep 23,2024
Kerala’s Kochi Green Hydrogen Valley project is set to cost ₹18,542 crore, including ₹4,166 crore for electrolyser and ammonia plants and ₹12,687 crore for renewable energy sources. The projec .

IHCL signs Ginger, Vivanta Hotel in Hosur
Hospitality and Healthcare - Sep 23,2024
The Indian Hotels Company Ltd, known for the Taj brand, is launching two greenfield projects in Hosur, Tamil Nadu: a 150-room Vivanta and a 200-room Ginger hotel on a 3-acre site. Both hotels will cat .

Foundation stone laid for Michelin India's tyre plant in Tamil Nadu
Manufacturing - Sep 23,2024
The foundation stone for Michelin's expanded manufacturing facility near Chennai was laid, involving an investment of ₹563.67 crore to produce passenger car tyres. Minister TRB Rajaa expressed .

BMC invites Rs 918 crore tender for flyover arms of Ghatkopar-Mankhurd Link Road
Infrastructure - Sep 20,2024
The Brihanmumbai Municipal Corporation (BMC) has issued a ₹918 crore tender for two elevated flyover arms on the Ghatkopar-Mankhurd Link Road (GMLR). The project aims to reduce congestion at the T-J .

PDG to expand data center capacity in India at US$ 1 billion investment
Infrastructure - Sep 20,2024
Princeton Digital Group (PDG) plans to invest around $1 billion to enhance its data center capacity in India, targeting 230 MW in Mumbai and Chennai. The first phase involves expanding the Mumbai Data .