CapEx News - Aug 2024

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Project News & Updates - Aug 2024


Nalco joint venture KABIL signs MoU with Oil India for mineral exploration
Mining  -  Aug 29,2024
Khanij Bidesh India Ltd (KABIL) and Oil India Ltd signed an MoU at NALCO's headquarters in Bhubaneswar. The agreement, involving KABIL’s joint ventures and the Ministry of Mines, aims to explor .


Lemon Tree Hotels signs agreement for hotel in Ayodhya
Hospitality and Healthcare  -  Aug 29,2024
Lemon Tree Hotels signed a license agreement for an 80-room property in Civil Lines, Ayodhya, opening in FY28, managed by Carnation Hotels. The company also signed agreements for a 175-room Aurika Hot .


Imagicaaworld Entertainment begins operations of Captive Solar Plant
Power Generation  -  Aug 29,2024
Imagicaaworld Entertainment has launched an 8MWp DC solar power plant costing Rs 41 crore, marking a key step in its sustainability efforts. The facility will provide reliable green energy, saving abo .


PNC Infra emerges as L-1 bidder for Rs 380 crore project
Infrastructure  -  Aug 29,2024
PNC Infra has won the bid for a Rs 380 crore highway and bridge project from NHAI. The project involves constructing a 3-lane bridge over the Ganga, linking Buxar and Bharauli on NH-922, and will be c .


GAIL exploring to set up a world scale greenfield ethane cracker plant: CMD
Petroleum  -  Aug 29,2024
At its 40th AGM, GAIL (India) Ltd. Chairman Sandeep Kumar Gupta announced plans to explore a greenfield ethane cracker. GAIL aims to enhance its petrochemical business with projects like the 500 KTA P .


REC inks pact with JNPA for financing projects up to Rs 45,000 crore
Infrastructure  -  Aug 28,2024
REC Limited signed an MoU with Jawaharlal Nehru Port Authority (JNPA) to fund up to Rs 45,000 crore for JNPA's infrastructure projects, including Vadhavan port development. The agreement, signed .


Entrepreneurs invited to establish food processing units in Tirunelveli
Infrastructure  -  Aug 28,2024
The Tirunelveli district administration invites entrepreneurs to lease 16 acres at Gangaikondan SIPCOT for 94 years to establish food processing units. The state is developing a large food park with a .


Union Cabinet approves Rs 4136 crore aid for Hydro projects in Northeast
Power Generation  -  Aug 28,2024
The Union Cabinet, led by Prime Minister Modi, approved Rs. 4,136 crore in Central Financial Assistance for North Eastern states to develop hydroelectric projects via joint ventures with Central PSUs. .


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