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CapEx News

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Latest News - December 23, 2024

India’s top oil explorer may set up refinery in Uttar Pradesh
Petroleum   -   Sep 05,2024
Oil and Natural Gas Corp. (ONGC) is exploring a multibillion-dollar refinery and petrochemical project in Uttar Pradesh, potentially costing over 700 billion rupees ($8.3 billion). ONGC is in discus...

Lemon Tree Hotels unveils new property in Gir, Gujarat
Hospitality and Healthcare   -   Sep 04,2024
Lemon Tree Hotels Ltd signed a license agreement for a new property in Gir, Gujarat, managed by its subsidiary, Carnation Hotels. Set to open in FY 2030, the hotel will feature 80 rooms, a restaurant,...

Cabinet approves semiconductor unit in Gujarat
Manufacturing   -   Sep 04,2024
The Union Cabinet, led by Prime Minister Narendra Modi, has approved Kaynes Semicon Pvt Ltd's plan to build a semiconductor unit in Sanand, Gujarat, with an investment of Rs 3,300 crore and a cap...

Lemon Tree Hotels signs a new property in Amritsar
Hospitality and Healthcare   -   Sep 04,2024
Lemon Tree Hotels has announced the signing of Lemon Tree Hotel, Amritsar, set to open in FY 2028. Managed by Carnation Hotels, this new property will offer 68 rooms, a restaurant, rooftop bar, banque...

Eaton signs MoU with Tamil Nadu to set up global R&D centre at Sholinganallur
Infrastructure   -   Sep 04,2024
Eaton, a Fortune 500 company, will invest Rs 200 crore to establish a 100,000 square feet R&D and global application centre in Sholinganallur, Chennai. The MoU was signed in Chicago with Tamil Nadu Ch...

Olam Agri to invest $60 million in multi-P product bio-ethanol facility in Maharashtra
Distillery   -   Sep 04,2024
Olam Agri is investing $60 million in a new bio-ethanol unit in Rajgoli, Maharashtra, set to complement its existing sugar factory and double its crushing capacity to 8,500 tonnes per day. The move al...

Air-conditioner maker Daikin to expand capacity in India
Manufacturing   -   Sep 04,2024
Daikin Industries Ltd., the world's largest air conditioner manufacturer, plans to expand in India by acquiring 33 additional acres near its current plant in southern India. With only 7% of India...

Cabinet approves Rs 18,036 crore railway line connecting Manmad and Indore
Infrastructure   -   Sep 04,2024
The Union Cabinet approved a Rs 18,036 crore, 309-kilometre railway line connecting Manmad in Maharashtra to Indore in Madhya Pradesh. The project, highlighted by Union Minister Ashwini Vaishnaw, will...




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