CapEx News - Sep 2023

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Project News & Updates - Sep 2023

Stove Craft to build automated foundry for cast iron cookware
Manufacturing  -  Sep 29,2023
Stove Craft Ltd., the parent company of Pigeon cookware, is building India's first fully automated cast iron foundry to produce cast iron cookware. The foundry is expected to start production tri .

Tata Power Renewable Energy to establish 41 MW captive solar plant in Tamil Nadu
Power Generation  -  Sep 29,2023
Tata Power Renewable Energy (TPREL) plans to construct a 41MW solar facility in Thoothukudi, Tamil Nadu, to support TP Solar's 4.3GW solar manufacturing in Tirunelveli. This project aims to gen .

Lotte expands factory near Chennai
Food Processing  -  Sep 29,2023
Lotte India, a subsidiary of Lotte Corporation, a Korean conglomerate, has invested Rs 185 crore to expand its Nemam facility near Chennai, focusing on Lotte Choco Pie production. This expansion aim .

Shakuntalam Landcraft to invest Rs 1500 cr to build industrial park in Greater Noida
Infrastructure  -  Sep 29,2023
Shakuntalam Landcraft, a real estate developer, intends to invest Rs 1,500 crore in creating an industrial park on the former site of South Korean automaker Daewoo Motors' production unit in Sura .

VinFast plans million dollars investment in India
Automotive Industries  -  Sep 29,2023
Vietnam's VinFast, considered a rival to Tesla, intends to set up manufacturing operations in India. Recently, VinFast Auto ranked as the world's third-most valuable carmaker. They are in .

SIG group to set up its carton plat in Ahmedabad, Gujarat
Food Processing  -  Sep 29,2023
Switzerland's SIG Group, a packaging solutions provider for companies like Pepsi and Coca-Cola, is investing €100 million in its first aseptic carton plant in Ahmedabad, Gujarat. The facility w .

Uttarakhand government inks MoU of investments worth Rs 2000 crore
Infrastructure  -  Sep 29,2023
The Uttarakhand government has inked a Rs 2,000 crore deal with the Poma Group, a leading ropeway construction company, to boost eco-friendly tourism in the state. The memorandum of understanding (M .

ACES secures contract for In-Building Solutions for Mumbai Metro Line 3
Infrastructure  -  Sep 29,2023
ACES India, a subsidiary of Saudi's ACES, secured a nine-year contract from Mumbai Metro Rail Corp to deliver 4G and 5G mobile infrastructure across India's longest underground metro route .

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