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CapEx News

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Latest News - December 23, 2024

Interarch Building Products begins construction of phase 2 manufacturing unit in Andhra Pradesh
Manufacturing   -   Nov 28,2024
Interarch Building Products is expanding its Andhra Pradesh manufacturing unit with a second phase, operational by April 2025, while upgrading its Kichha, Uttarakhand plant to handle multi-storey buil...

Mahindra and Sumitomo announce strategic JV to expand Tamil Nadu’s industrial park
Infrastructure   -   Nov 28,2024
Mahindra World City Developers, Sumitomo Corporation, and Mahindra Industrial Park Chennai will invest Rs 225 crore to expand their 307-acre industrial park in Tamil Nadu. Focusing on land acquisition...

Sembcorp appointed to build 300 MW wind-solar project for NTPC
Power Generation   -   Nov 28,2024
Sembcorp Industries will build, own, and operate a 300-MW wind-solar hybrid project for NTPC under a 25-year power purchase agreement. Slated to start within 24 months, the project boosts Sembcorp&apo...

Welspun One launches Rs 2,700 crore warehousing
Infrastructure   -   Nov 28,2024
Welspun One is investing Rs 2,700 crore to develop India's largest single-location Grade A warehousing and industrial park at JNPA SEZ, Navi Mumbai. Spanning 55 acres with 4.45 million sq ft buil...

Hyundai Motor India partners with FPEL to set up RE plants in Tamil Nadu
Infrastructure   -   Nov 28,2024
Hyundai Motor India (HMIL) has partnered with Fourth Partner Energy (FPEL) to develop renewable energy plants in Tamil Nadu, investing Rs 38 crore. The project includes a 75 MW solar and 43 MW wind pl...

Waaree Renewable Technologies receives Rs 90 crore solar power project
Power Generation   -   Nov 28,2024
Waaree Renewable Technologies has secured a Rs 90 crore solar power project, involving the development of a 30 MW DC capacity plant on a turnkey basis. The project, scheduled for completion in the 202...

Siemens net profit jumps 45% to Rs 831 crore on higher income
Infrastructure   -   Nov 28,2024
Siemens reported a 45% increase in net profit to Rs 830.7 crore for Q2 FY2024, driven by improved operations and a 94.6% rise in other income. Revenue rose 11% to Rs 6,461 crore, exceeding expectation...

Bajaj Steel starts commercial operation of new manufacturing plant
Metallurgical Industries   -   Nov 28,2024
Bajaj Steel Industries has started commercial operations at its new Nagpur plant, focusing on pre-engineered steel buildings, with an annual capacity of 25,000 MT. The company, known for its diverse m...




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