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CapEx News

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Latest News - July 4, 2024

Odysse Electric looking to raise USD 5-10 million for expansion
Automotive Industries   -   Apr 23,2024
Odysse Electric plans to raise USD 5-10 million to fuel growth initiatives, including new product development and expanding manufacturing capabilities for the mass market. CEO Nemin Vora stated that t...

SDLG opens its maiden manufacturing facility in Bengaluru
Automotive Industries   -   Apr 23,2024
SDLG, a Volvo Group member, inaugurated its first manufacturing plant in Peenya, Bengaluru. With a capacity of 1,000 machines annually per shift, it focuses on five products. SDLG's growth machin...

Rajoo Engineers ramps up facility expansion in Gujarat
Automotive Industries   -   Apr 23,2024
Rajoo Engineers has expanded its facility in Rajkot, Gujarat, tripling its manufacturing capacity to meet growing demand for plastic processing machinery. The new factory, covering 18,000 sq. mtrs., s...

Sterling Tools inks deal with Korean firm for EV component manufacturing
Automotive Industries   -   Apr 22,2024
Sterling Tools, an automotive fastener manufacturer, signed an MoU with South Korea’s Yongin Electronics, supplier to Hyundai Kia Motor Group, expecting Rs 250 crore business over 5 years. A new man...

IREDA sets up office in GIFT City
Automotive Industries   -   Apr 22,2024
IREDA has opened an office in GIFT City, Gandhinagar, to offer foreign currency debt assistance for renewable energy and green hydrogen projects, reducing financing costs. This supports India's N...

Avon Defence Systems launches its new facility at TSIIC Hardware Park
Automotive Industries   -   Apr 22,2024
Avon Defence Systems Pvt inaugurated a new facility at TSIIC Hardware Park, Telangana. CEO Srikanth Reddy Aileni emphasized indigenous defense solutions. CTO Raghuveer Reddy outlined technical goals. ...

Amara Raja Infra secures 500 MW solar project from Greenko
Automotive Industries   -   Apr 22,2024
Amara Raja Infra Pvt Ltd secures a 700 MWp solar project from Greenko in Andhra Pradesh, boosting their order book to Rs 1,516 crore. The project, spanning 2,200 acres near Uyyalavada Town, Kurnool, i...

Bhansali Engineering Polymers to expand ABS production capacity
Automotive Industries   -   Apr 22,2024
Bhansali Engineering Polymers Limited plans a significant expansion of Acrylonitrile Butadiene Styrene (ABS) production capacity from 75,000 to 200,000 TPA at existing plants in Rajasthan and Madhya P...




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