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Automotive-Industries Sector News & Updates - March 5, 2024

CtrlS unveils Rs 4,000-crore investment plan for Hyperscale Datacentre Park
Automotive Industries   -  Feb 29,2024
CtrlS Datacentres plans a Rs 4,000 crore investment for a hyperscale datacentre complex in Chennai, its fifth in India. The Ambattur campus will offer two buildings with nearly one million square feet .

Tata Power gets LoI for Rs 838 crore REC power transmission project
Automotive Industries   -  Feb 19,2024
Tata Power Company's shares rose 1.61% to Rs 382.20 after it received a letter of intent from REC Power Development and Consultancy to acquire Jalpura Khurja Power Transmission for Rs 838 crore. .

Apraava wins new transmission project in Madhya Pradesh
Automotive Industries   -  Feb 14,2024
Apraava Energy secures a greenfield interstate transmission project in Madhya Pradesh through India’s TBCB process. The project entails 40 km of 765 kV double-circuit transmission lines and a 3,000 .

RECPDCL hands over 5 SPVs to successful bidders
Automotive Industries   -  Feb 12,2024
REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, facilitated the formation of Special Purpose Vehicles (SPVs) for Inter State Transmission Projects. Successful bid .

Murugappa arm TII set for big EV push
Automotive Industries   -  Jan 23,2024
Tube Investments of India (TII), part of the Murugappa Group, plans to expand its electric vehicle (EV) presence with launches including a three-wheeler cargo, e-rickshaw, tractors, and four variants .

Coal India plans to enter into mining of critical minerals
Automotive Industries   -  Jan 22,2024
Coal India (CIL) is contemplating entry into mining critical minerals, particularly lithium. The state-owned company plans to secure a government block, conduct exploration, and then proceed to mining .

NHPC Limited inks MoU with GPCL
Automotive Industries   -  Jan 03,2024
NHPC Limited has signed a MoU with GPCL for a proposed Rs. 4,000 crore investment in the Kuppa Pumped Storage Project (750 MW) in Chhota Udaipur, Gujarat. The investment is scheduled to commence in th .

VinFast to establish its first battery plant in Tamil Nadu
Automotive Industries   -  Jan 03,2024
VinFast, the Vietnamese electric car manufacturer, is poised to inaugurate its inaugural production facility in Tamil Nadu. The Thoothukudi plant will focus on manufacturing batteries for electric veh .

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