CapEx News - Jan 2024

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Project News & Updates - Jan 2024


Wabtec Corp secures USD 157 million brake system order from Siemens
Automotive Industries  -  Jan 28,2024
Wabtec Corporation secures a $157 million brake system order from Siemens India Pvt Ltd for Indian Railways' 9000 HP Locomotive project. The contract aims to enhance operating performance and saf .


French aerospace company Thales to launch Avionics Hub in Delhi
Manufacturing  -  Jan 28,2024
Thales, a French defence major, plans to establish an avionics MRO in Delhi, aiming to deliver top-notch services to Indian airline clients. Vice President Ashish Saraf reaffirmed Thales' commitm .


PM inaugurates, lays foundation stone of projects worth over Rs 19,100 crore in Bulandshahr
Infrastructure  -  Jan 28,2024
Prime Minister Narendra Modi inaugurated development projects worth over Rs 19,100 crore in Bulandshahr district, Uttar Pradesh. These include a 173-km-long double-line electrified section on the dedi .


Sanmit Infra Ltd board approves proposal for setting up bio CNG plant
Chemicals  -  Jan 25,2024
Sanmit Infra Ltd, a construction and waste management company, plans to establish a bio CNG plant under the Sustainable Alternative Towards Affordable Transportation scheme (SATAT). The board approved .


Encore-Alcom to set India's first auto robotic facility for aluminum doors in Gujarat
Manufacturing  -  Jan 25,2024
Encore-Alcom is investing Rs 60 crore in a new manufacturing unit in Surat, Gujarat, spanning 1.8 lakh square feet. This facility, equipped with auto-robotic technology for aluminum doors and windows, .


Work underway in full swing to set up fourth desalination plant for Chennai at Perur
Environment  -  Jan 25,2024
Chennai has commenced construction on its fourth desalination plant at Perur, near the existing Nemmeli plant. Expected to be the largest in Southeast Asia, the seawater reverse osmosis (RO) desalinat .


Fortune Hotels announces launch of new hotel in Hosur
Hospitality and Healthcare  -  Jan 25,2024
Fortune Hotels, part of ITC's group, introduces Fortune Hosur, an upscale hotel in Tamil Nadu's industrial district of Krishnagiri. Positioned off the Bangalore-Chennai highway, it provides .


Amber group and Titagarh Rail Systems to form JV
Manufacturing  -  Jan 25,2024
Kolkata-based Titagarh Rail Systems Limited (TRSL) and Delhi-NCR's Amber Group are forming a groundbreaking joint venture through a special purpose vehicle (SPV) with a combined investment of up .


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