CapEx News - Nov 2024

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Project News & Updates - Nov 2024


Waaree Renewable Technologies receives Rs 90 crore solar power project
Power Generation  -  Nov 28,2024
Waaree Renewable Technologies has secured a Rs 90 crore solar power project, involving the development of a 30 MW DC capacity plant on a turnkey basis. The project, scheduled for completion in the 202 .


Siemens net profit jumps 45% to Rs 831 crore on higher income
Manufacturing  -  Nov 28,2024
Siemens reported a 45% increase in net profit to Rs 830.7 crore for Q2 FY2024, driven by improved operations and a 94.6% rise in other income. Revenue rose 11% to Rs 6,461 crore, exceeding expectation .


Bajaj Steel starts commercial operation of new manufacturing plant
Metallurgical Industries  -  Nov 28,2024
Bajaj Steel Industries has started commercial operations at its new Nagpur plant, focusing on pre-engineered steel buildings, with an annual capacity of 25,000 MT. The company, known for its diverse m .


Suprajit Engineering signs MoU with Chuo Spring Company, Japan
Manufacturing  -  Nov 28,2024
Suprajit Engineering has signed a 50:50 joint venture (JV) with Japan's Chuo Spring Company to design and manufacture transmission cables in India. The JV, supported by a technical assistance agr .


Stove Kraft commissions new cast iron foundry at Harohalli factory
Manufacturing  -  Nov 28,2024
Stove Kraft has commissioned a new Cast Iron Foundry at its Harohalli factory on November 25, 2024. The foundry, with an initial capacity of 2.2 million pieces per annum, is designed to expand to 4.4 .


Raghu Vamsi Aerospace Group lays foundation stone to build new facility in Hyderabad
Manufacturing  -  Nov 27,2024
Raghu Vamsi Aerospace Group has initiated a ₹300 crore state-of-the-art facility near Hyderabad International Airport, featuring manufacturing bays for 15 OEMs. The groundbreaking ceremony was atten .


UP approves industrial parks in Saharanpur and Moradabad
Infrastructure  -  Nov 27,2024
The Uttar Pradesh government approved two private industrial parks in Saharanpur and Moradabad under the PLEDGE scheme, offering loans of ₹50 lakh per acre at 1% interest. These parks aim to boost t .


Centre greenlights hydro projects worth Rs 3,689 crore
Power Generation  -  Nov 27,2024
The CCEA, led by PM Modi, approved two hydropower projects worth ₹3,689 crore in Arunachal Pradesh and the ₹2,481 crore National Mission on Natural Farming. The 186 MW Tato-I and 240 MW Heo projec .


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