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DVC plans to invest Rs 70,000 crore by 2030 to increase power generation capacity
Power Generation - Aug 07,2023
Damodar Valley Corporation (DVC) plans a substantial Rs 70,000 crore capital expenditure by 2030 to elevate electricity generation capacity from 6,700 MW to 16,000 MW. The chairman, R N Singh, outline .

Apraava Energy signs MoU with REC, PFC to get Rs 9,120 cr for projects
Infrastructure - Aug 07,2023
Apraava Energy has secured preliminary agreements with REC Ltd and Power Finance Corporation (PFC) to receive Rs 9,120 crore ($1.1 billion) in financing for wind, transmission, and advanced metering p .

Lord’s Mark Industries, Kerala Automobiles establish JV for EV production
Automotive Industries - Aug 07,2023
Mumbai-based Lord's Mark Industries Limited has partnered with Kerala Automobiles Ltd to manufacture electric 2 and 3-wheelers, passenger vehicles, and loaders. The joint venture aims to produce .

JSW Steel, Japan's JFE to establish JV for production of CRGO steel
Manufacturing - Aug 07,2023
JSW Steel and JFE Steel Corporation have formed a joint venture (JV) company in India to produce cold rolled grain oriented electrical steel (CRGO). JSW Steel, with a 15% ownership by a Japanese compa .

BHEL inks MoU with Greenstat Hydrogen India Pvt Ltd
Power Generation - Aug 07,2023
BHEL and GREENSTAT Hydrogen India Pvt. Ltd. have signed an MoU to explore collaboration opportunities in the green hydrogen and derivatives sector. The partnership aligns with India's 'Natio .

Gujarat govt inks 4 MoUs for investment of Rs 1,401 crore in chemical sector
Chemicals - Aug 04,2023
Four MoUs were signed ahead of Vibrant Summit 2024, amounting to 1401 crores investment in Gujarat's Chemicals sector. The projects include a battery chemicals unit by Gujarat Fluoro Chemicals (R .

Insecticides India purchases industrial site for expansion project
Manufacturing - Aug 04,2023
Insecticides (India) Limited acquired a 58,000-square-meter industrial site in Sotanala, Alwar, Rajasthan, aiming to build a cutting-edge manufacturing facility. The move aligns with the company' .

Sterling and Wilson Renewable Energy bags orders worth ₹826 crore
Power Generation - Aug 04,2023
Renewable engineering firm Sterling and Wilson Renewable Energy Ltd secured orders worth Rs 826 crore in the first four months of fiscal year 2023-24 (FY24). The orders, totaling around 1GWp, involve .