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CapEx News

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Latest News - July 4, 2024

Nayara announces foray into ethanol production with investment of Rs 600 crore
Petroleum   -   May 15,2024
Nayara Energy Ltd is investing ₹600 crore to build two ethanol plants in Andhra Pradesh and Madhya Pradesh, each with a 200 kilolitre per day capacity, supporting the government's 2025 ethanol-...

Veira to invest Rs 450 crore on new unit to boost air cooler production capacity
Automotive Industries   -   May 15,2024
Veira will invest Rs 450 crore to establish a new manufacturing unit in Greater Noida, increasing production capacity for air coolers and washing machines from 1,00,000 to 5,00,000 units annually. The...

Biorad Medisys receives Rs 400 crore from KSS India Fund II
Hospitality and Healthcare   -   May 15,2024
Biorad Medisys received a Rs 400-crore investment from Kotak Strategic Situations India Fund II to build a new manufacturing plant, repay debt, and increase working capital. The company, known for med...

Electrosteel Castings to establish plant in Odisha
Metallurgical Industries   -   May 15,2024
Electrosteel Castings, a leading ductile iron pipes producer, plans a new DI pipe and fittings plant in Odisha, signaling expansion and diversification. The board approved the project, aiming for a ca...

IKEA partners with Rhenus to set up warehouse in Delhi-NCR near Gurugram
Building Materials   -   May 15,2024
IKEA partners with Rhenus to build a 1.5 lakh sq ft warehousing facility near Gurugram for home delivery in Delhi-NCR. Scheduled to start operations early next year, the site offers strategic logist...

Phoenix Mills to build hotels in Bengaluru, Mumbai
Infrastructure   -   May 15,2024
Phoenix Mills, a Mumbai-based property developer, plans hotel expansions, including a 400-key premium hotel in Bengaluru's Marketcity, managed by Hyatt under the Grand Hyatt brand. They also ac...

Siemens announces capex of over Rs 1,000 crore
Manufacturing   -   May 15,2024
Siemens Limited announces major expansions in two of its Indian factories, aligning with previous capacity increases. The total capital expenditure exceeds Rs 1,000 crore, emphasizing growth and inn...

Praveg secures 30-year land lease in Jawai, Rajasthan
Infrastructure   -   May 15,2024
Praveg Limited, a premier eco-responsible luxury resorts company, announces a new land lease for Cave Resort in Jawai, Rajasthan. Exploiting Jawai's scenic beauty, the resort will feature luxur...




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