CapEx News - Dec 2024

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Project News & Updates - Dec 2024


Lemon Tree Hotels signs properties in Varanasi and Mussoorie
Hospitality and Healthcare  -  Dec 03,2024
Lemon Tree Hotels signed license agreements for new hotels in Mussoorie and Varanasi, managed by its subsidiary, Carnation Hotels. The Mussoorie property will open in FY26, and the Varanasi property b .


India set to commission first new greenfield integrated refinery
Petroleum  -  Dec 02,2024
India's first greenfield refinery in a decade, the HPCL Rajasthan Refinery Ltd (HRRL) in Pachpadra, Rajasthan, is nearing commissioning. A joint venture between HPCL (74%) and the Rajasthan gover .


Coal India to develop 36 new coal projects
Mining  -  Dec 02,2024
Coal India Ltd plans 36 new coal projects in five years, while SCCL and NLCIL will open seven and two mines, respectively. Of 175 allocated coal blocks, 54 are operational. These projects boost employ .


Foxconn likely to open its second-largest battery plant in Tamil Nadu
Manufacturing  -  Dec 02,2024
Foxconn plans to establish the world’s second-largest Battery Energy Storage System (BESS) in Tamil Nadu, with the government offering 200 acres near Manalur, Tiruvallur district, and an incentive p .


PCBL completes Mundra plant expansion
Chemicals  -  Dec 02,2024
PCBL has completed the second phase of specialty chemical expansion at its Mundra plant, increasing capacity by 20,000 MTPA to 40,000 MTPA. India's largest carbon black producer now has a total c .


Odisha govt approves investment projects worth Rs 1.36 trillion across sectors
Chemicals  -  Dec 02,2024
The Odisha government approved 20 investment projects worth ₹1.36 lakh crore across nine sectors, including steel, chemicals, and green energy, creating over 74,350 jobs. Projects will span 10 distr .


Adani Ports to handle 1 billion ton cargo by 2030
Infrastructure  -  Dec 02,2024
Adani Ports aims to double its cargo handling to 1 billion tons by 2030, with a ₹80,000 crore capex plan over the next 4-5 years. The company projects 12% annual growth in domestic cargo and signifi .


Godrej & Boyce to invest over Rs 7,500 crore over next three years
Manufacturing  -  Dec 02,2024
Godrej & Boyce plans to invest over Rs 7,500 crore in the next three years to boost technological capabilities and design-led innovation. It targets Rs 18,000 crore in FY25 revenue, driven by its appl .


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