CapEx News - May 2024

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Project News & Updates - May 2024


NDR Auto Components to expand operations
Automotive Industries  -  May 31,2024
NDR Auto plans expansion as it reaches capacity in existing plants, acquiring land near Maruti Suzuki and Kia facilities. Utilization at 80% across Haryana, Bangalore, and Gujarat. Order book at Rs 25 .


REnergy Dynamics forays into renewables
Manufacturing  -  May 31,2024
REnergy Dynamics (RED) ventures into renewable energy, targeting a Rs 5,000 crore order book by 2029. Currently holding projects worth Rs 575 crore. Focus areas include large-scale bioenergy projects, .


Bosch in talks with several vehicle makers to offer hybrid solutions
Equipment  -  May 30,2024
Bosch is engaging with various automakers to provide hybrid solutions, with Indian OEMs showing interest. Sales of hybrids are growing, reaching 2% of total car sales in India. Major players like Maru .


Radisson Hotel Group debuts in Bihar
Hospitality and Healthcare  -  May 30,2024
Radisson Hotel Group announced the signing of its first hotel in Bihar, Radisson Hotel Patna, in partnership with Naturals Dairy Pvt Ltd. The 120-room hotel is expected to open by Q4 2027, marking the .


Hilton expands its India portfolio with flagship brand in Gurugram
Hospitality and Healthcare  -  May 30,2024
Hilton announces the signing of Hilton Gurugram Baani City Centre in partnership with Baani Group, set to open in late 2024. Strategically located along Golf Course Extension Road in Gurugram, the hot .


NMDC allocates Rs 50,000 crore capex to double production
Mining  -  May 30,2024
NMDC plans a Rs 50,000-crore capex to double production to 100 MT in 5-6 years. Investments focus on mine enhancement, new bids, and acquisitions, with approvals expected by FY end. Capex will peak at .


L&T Switchgear rebrands to Lauritz Knudsen
Manufacturing  -  May 30,2024
L&T Switchgear rebrands as Lauritz Knudsen after Schneider Electric acquisition in 2020. The company plans to invest Rs 850 crore by 2026 in manufacturing, R&D, and innovation. Peter Herweck, CEO of S .


Power Mech projects secures order worth Rs 563 crore
Power Generation  -  May 30,2024
Power Mech Projects (PMPL) wins Rs 563 crore contract to construct a nuclear power plant, marking its entry into the nuclear sector. Awarded by BHEL-Power Sector Southern Region, the project involves .


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