CapEx News - May 2024

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Project News & Updates - May 2024


Rane Group charts a 3-year capex of ₹1,000 crore on surging order book
Building Materials  -  May 27,2024
Rane Group plans a Rs.1000 crore capex over 3 years, buoyed by rising new business orders. FY24 saw record revenue of Rs.7200 crore, with over Rs.1000 crore in new orders. Focus on portfolio rebalanci .


Tamil Nadu to float tenders for Parandur airport by next year
Infrastructure  -  May 27,2024
The Tamil Nadu government plans to initiate Chennai's second airport tender process by next year, costing over Rs 20,000 crore. Site clearance at Parandur awaits conclusion of Lok Sabha elections .


L&T, IRCON, among lowest bidders for 96.4 km Phase-1 of Virar-Alibaug Multi-Model Corridor Project
Infrastructure  -  May 27,2024
Seven engineering companies, including L&T and IRCON International, are the lowest bidders for Phase 1 of the Virar-Alibag Multimodal Corridor (VAMC) in Maharashtra. MSRDC awarded 11 contracts for the .


Nephro Care India plans to raise Rs 35-40 crore via IPO
Hospitality and Healthcare  -  May 27,2024
Nephro Care India Ltd aims to raise Rs 35-40 crore through an IPO for its multi-speciality hospital near Kolkata. The IPO will offer 45.84 lakh equity shares. The hospital, costing Rs 36 crore, will o .


Tata Power seeks $1 billion loan for clean energy projects
Power Generation  -  May 27,2024
Tata Power Company, a Tata Group subsidiary, aims to secure up to $1 billion for clean energy projects, potentially the largest local currency loan in India this year. Discussions involve lenders like .


GAIL inaugurates 10 MW green hydrogen plant in MP
Power Generation  -  May 27,2024
GAIL inaugurated its 10 MW Green Hydrogen Plant in Madhya Pradesh, capable of producing 4.3 TPD of hydrogen using electrolysis of water with renewable power. Initially, the hydrogen will be used along .


JSW Paints earmarks Rs 900 crore capex for next two years
Chemicals  -  May 27,2024
JSW Paints plans to invest Rs 900 crore over two years, preparing for an IPO in 3-5 years. After five years of launch, it posted its first full year of operating profits in FY24 and expects to be net .


Adani Solar to steer business expansion in Kerala
Power Generation  -  May 27,2024
Adani Solar partners with Almiya Group for Kerala market expansion, installing a 225-MW solar plant in Purapura. They've set up a warehouse in Coimbatore for efficient panel delivery. Adani Solar .


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