CapEx News - May 2024

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Project News & Updates - May 2024


Construction for Chennai's multimodial logistics Park to commence in June
Infrastructure  -  May 31,2024
Reliance Industries initiates construction of a multimodal logistics park in Mappedu near Chennai in June 2024. Valued at Rs 1,424 crore, it aims to optimize logistics services over 184.27 acres in Ta .


Srinivas Institute of Medical Sciences to build 150-bed hospital
Hospitality and Healthcare  -  May 31,2024
Srinivas Institute of Medical Sciences and Research Centre, Mangaluru, wins bid to revamp New Mangalore Port Authority's hospital. It will operate the existing 32-bed facility and construct a 150 .


Coal India incorporates new subsidiary for coal-to-chemical business
Chemicals  -  May 31,2024
Bharat Coal Gasification & Chemicals (BCGCL), a subsidiary of Coal India (CIL), is incorporated as a private limited company, with CIL holding 51% and BHEL 49%. The firm, with an authorized capital of .


Rail to connect Noida International Airport With Mumbai, Kolkata and other cities
Infrastructure  -  May 31,2024
A proposed 60 km railway line between Chola, Bulandshahr, UP, and Rundhi, Palwal, Haryana, aims to link Noida International Airport, facilitating travel to Howrah, Chennai, and Mumbai. North Central R .


PGCIL commissions transmission project to connect Jamnagar oil refinery
Power Generation  -  May 31,2024
Power Grid Corporation of India (PGCIL) completes transmission project linking Reliance's Jamnagar oil refinery to Jam Khambaliya ISTS pooling station. Approved in September 2022, it features a 4 .


Spree Hospitality expands footprint with new property in Dehradun
Hospitality and Healthcare  -  May 31,2024
Spree Hospitality, a subsidiary of EaseMyTrip, unveils ZiP By Spree Hotels Grand Legacy Prime in Dehradun, Uttarakhand. Offering luxury and convenience, the property boasts 27 rooms with stunning view .


Sagar Cements plans Rs 330 crore capital investment for FY25
Power Generation  -  May 31,2024
Sagar Cements plans a Rs 330 crore capital investment in FY25, focusing on Andhra Cements' plant and a six MW solar plant at Gudipadu, Andhra Pradesh. Modernization and cost reduction are priorit .


Talbros Automotive plans major capacity expansion across divisions
Automotive Industries  -  May 31,2024
Talbros Automotive Components Ltd. plans expansion amid 80-90% capacity utilization. Focus areas include gasket and heat shield divisions, with a new premise secured in Chakan, Pune. Capex of Rs 20 cr .


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