INDUSTRIAL PROJECTS
Shree Cement to invest Rs 7,000 crore in Andhra Pradesh; plans plants in 3 districts
Shree Cement Ltd plans to invest Rs 7,000 crore to establish cement plants in Andhra Pradesh. The company will set up facilities in Kadapa, Anakapalli, and Guntur districts. This decision comes after incentives from the coalition government led by Chief Minister N Chandrababu Naidu. Shree Cement aims to increase its production capacity beyond 80 million tonnes in the near future.
Reliance plans Rs 43,000 cr coal gasification project in Andhra Pradesh, document shows
Reliance Industries is set to invest approximately 430 billion rupees in Andhra Pradesh for a coal gasification project. This project aims to create 5,000 direct and 35,000 indirect jobs, while attracting further investments over its lifetime. The first phase will involve exploration and pilot demonstrations to establish the project's feasibility. An additional investment of approximately 400 billion rupees will follow if the first phase proves successful.
Tata Projects bags Dhaka Metro underground works contract with Japanese partners
Tata Projects, in collaboration with Nishimatsu and Toda, has obtained a contract for the Dhaka Metro project. This contract involves constructing a 5.2-km underground metro line with three stations. The project aims to modernize public transport, improve connectivity, and reduce congestion in Dhaka. Funding for the project is provided by the Japan International Cooperation Agency (JICA). Tata Projects emphasizes its expertise in executing complex metro infrastructure alongside global partners.
Adani eyes Chile's copper riches: Kutch Copper and Codelco sign MoU to explore Kaburkaala project
Adani Group's Kutch Copper Ltd has signed an MoU with Chile's state-owned Codelco to explore the Kaburkaala copper project in northern Chile. The partnership aims to combine Adani's investment and technical capabilities with Codelco's geological expertise, potentially securing long-term copper supplies for the group's Mundra smelter as India seeks to strengthen its domestic copper supply chain.
South Korean auto parts makers plan Rs 1,370 crore investment in Tamil Nadu
South Korean automotive component manufacturers Hwashin Automotive India and Seoyon E-Hwa Summit Automotive India have proposed investments. They plan to invest a total of ₹1,370 crore in Tamil Nadu over the next five years. Hwashin Automotive intends to invest ₹850 crore in research and development, while Seoyon E-Hwa plans ₹520 crore in technology upgrades. These investments target expansion and modernization to support Hyundai Motor India and other automakers.
Two auto firms commit Rs 1,370 cr investment in Tamil Nadu, govt dismisses rumours of projects shifting to AP
Two automotive manufacturers have committed to invest a total of Rs 1,370 crore in Tamil Nadu. Hwashin Automotive India will invest approximately Rs 850 crore over the next five years for various advancements. Seoyon E-Hwa Summit plans to invest around Rs 520 crore in technology upgrades and new business developments. The investments reflect the state's ongoing appeal to automotive investors.
Tata Power clears ₹11,871 cr pumped storage project in Shirwata
Tata Power has approved a significant investment for its pumped storage project at Shirwata in Maharashtra. This initiative aims to enhance energy storage and facilitate the integration of renewable power sources. The project will help support renewable energy applications by enabling effective energy shifting. Recently, the company reported strong financial results, highlighting its robust performance across various business sectors.
Indian Navy's INS Betwa to get diesel propulsion system in Rs 500-crore refit
The Ministry of Defence executed a contract worth Rs 498.58 crore for the refit and upgrade of INS Betwa. This project replaces the frigate's steam propulsion with a modern diesel-engine system and enhances its combat systems. The refit aims to improve operational effectiveness while promoting indigenous capabilities in naval repairs. More than 50 micro, small, and medium enterprises will be involved in the initiative.
India clears Rs 68,800-crore power corridor to connect western renewables with eastern demand hubs
India has approved the construction of a 1,150-kilovolt power transmission corridor that will aid electricity distribution. This corridor will connect western energy generation hubs to eastern industrial and urban centers. The project's estimated cost is nearly 688 billion rupees and is expected to take about six years to complete. The first phase will specifically link Chhattisgarh, Odisha, and West Bengal.
Green hydrogen demand slump delays electrolyser projects to August 2027
Weak demand for green hydrogen is prompting nearly half-a-dozen companies to defer commissioning their electrolyser manufacturing facilities from December 2026 to August 2027, with MNRE allowing them to retain eligibility under the PLI scheme. The delay reflects slower-than-expected order flows, as green ammonia projects awarded under the government’s green hydrogen programme are yet to reach financial closure and place orders.
NTPC sole applicant in second round of coal gasification scheme
The second round of applications for the coal gasification scheme saw participation from only NTPC Ltd. In contrast, the first round attracted five companies, highlighting a change in interest levels. The scheme aims to reduce import dependence while supporting the production of industrial feedstocks from domestic coal. NTPC's involvement is considered a positive sign amidst limited interest from other firms.
Assam plans major project to reclaim land lost to Brahmaputra's changing course
Assam Chief Minister Himanta Biswa Sarma visited Kayantol in Hajo, Kamrup district, and Sonka in Mayong, Morigaon district to assess the feasibility of the proposed project on the ground.
NTPC submits two coal gasification project proposals under govt's Rs 37,500 crore scheme
NTPC Limited has submitted proposals to establish coal gasification projects for producing urea, methanol, and dimethyl ether. The Ministry of Coal announced that applications for the third round will open on November 10. January 11, 2027, is set as the deadline for these applications. The government's initiative aims to expand domestic production and support the broader use of indigenous resources.
Tech investor SoftBank Group logs $7 bn quarterly net loss
The company's profits routinely see wild fluctuations linked to the volatile value of global technology stocks and its changing portfolio of investments and acquisitions.
Waaree Energies to invest 15,000 cr in green ammonia project in Andhra
Waaree Energies will invest approximately ₹15,000 crore to establish a green ammonia project in Andhra Pradesh. The facility will have an annual production capacity of 1.2 million tonnes and will be positioned strategically near the Kakinada Gateway Port. An MoU will be signed at the Andhra Pradesh Investment Summit later this week to formalize the investment. The project has received approval under the Andhra Pradesh Integrated Clean Energy Policy, 2024.
Karnataka clears Rs 6,826-crore industrial investment proposals, 131 outside Bengaluru
Karnataka's State Level Single Window Clearance Committee has approved multiple industrial projects worth Rs 6,825.93 crore. The majority of these projects will be set up outside Bengaluru, promoting regional growth. These projects are expected to generate around 18,600 jobs across various sectors, including IT and food processing. Notable investments include IT parks in Devanahalli and Doddanekundi, attracting significant capital.
Karnataka clears industrial projects worth Rs 6,825.93 cr; 18,600 jobs expected
Karnataka's recent committee meeting led to the approval of 147 industrial projects amounting to Rs 6,825.93 crore. These projects are anticipated to generate approximately 18,600 jobs across the state. Notably, 131 projects will invest in regions outside Bengaluru's urban areas to promote regional development. The investments span several sectors, including IT, semiconductors, and food processing. Major projects include IT parks and manufacturing units expected to create thousands of job opportunities.
Marathwada Water Grid project to get Rs 20,000 crore JICA funding: Devendra Fadnavis
Japan International Cooperation Agency (JICA) has responded positively to providing a loan of around Rs 20,000 crore for the first phase of Maharashtra's Marathwada Water Grid project. The initiative will connect water-surplus dams to water-scarce areas through 3,095 km of pipelines, benefiting around one crore people across four districts.
Nearly 90% students prioritise skills over degrees, reveals a survey
A survey of over 2,000 students found that 88% prioritise practical skills over degrees and academic grades for career success. The findings highlight growing demand for industry exposure, AI-based learning, internships and entrepreneurship opportunities in higher education.
Load More
