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Latest News - July 17, 2024

Covestro inaugurates Polyol Tank Farm in Kandla
Infrastructure   -   Jul 12,2024
Covestro (India) inaugurated its Polyol Tank Farm in Kandla, Gujarat, enhancing supply chain resilience and efficiency. This facility stores polyols, crucial for its Performance Materials Business, re...

ONGC to invest Rs 2 lakh crore to achieve net-zero carbon emission by 2038
Infrastructure   -   Jul 11,2024
ONGC plans to achieve net-zero carbon emissions by 2038 with Rs 2 lakh crore investments. By 2030, they aim to establish 5 GW of renewable energy capacity and eliminate gas flaring. Investments includ...

Aegis Vopak Terminals seeks funding to fuel expansion in India
Chemicals   -   Jul 11,2024
Aegis Vopak Terminals Ltd. (AVTL), a joint venture between Aegis Group and Royal Vopak, plans to expand its storage facilities in India for LPG and chemicals. With 1.5 million cubic meters of capacity...

TII sets up facility, R&D centre for medical arm’s manufacturing operations
Manufacturing   -   Jul 11,2024
Tube Investments of India (TII) has expanded into medical contract manufacturing with a focus on active pharmaceutical ingredients (APIs). It established an R&D centre in Chennai for API development a...

L&T wins order up to Rs 2,500 crore from Hindustan Shipyard for the Indian Navy
Infrastructure   -   Jul 11,2024
Larsen and Toubro's precision engineering systems business secured a significant order from Hindustan Shipyard for constructing two fleet support ships (FSS) for the Indian Navy. These specialize...

Vizag will be made fintech hub: CM Chandrababu Naidu
Infrastructure   -   Jul 11,2024
Chief Minister N Chandrababu Naidu highlighted Andhra Pradesh's focus on a skill census to enhance job opportunities statewide, particularly in Visakhapatnam, aimed at establishing it as a fintec...

K&R Rail Engineering signs MoU for composite sleeper plant in Madhya Pradesh
Infrastructure   -   Jul 11,2024
K&R Rail Engineering Ltd has partnered with UNECO Co. Ltd to establish a Composite Sleeper Plant in Nagarnar, Madhya Pradesh, costing Rs. 400 crore. This facility aims to serve Indian Railways, DFCC/M...

Gopal's Sweets to invest Rs 150 crore to set up a manufacturing unit
Infrastructure   -   Jul 11,2024
Gopal's Sweets plans a Rs 150 crore investment in a new manufacturing unit at Mohali Industrial Economic Zone (MIEZ), expanding from 150 to 500 acres in three years. Located near an International...

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