The government of India has okayed a proposal of Twin Star Technologies, promoted by billionaire Anil Agarwal’s family, envisaging investment of up to Rs 9,000 crore from a Mauritius-based company. A decision in this regard was taken by the Cabinet Committee on Economic Affairs headed by Prime Minister Narendra Modi. […]
New Investments
State-owned Indian Oil Corporation will set up a Rs 600-crore plant for the production of second generation ethanol in Haryana. At the empowered executive committee meeting held in Chandigarh, the Haryana Government has accepted the investment proposal. According to a ET report, the plant will use plant waste, stubble, husk […]
Ashok Leyland Ltd will invest Rs 500 crore during this financial year in its bus division. T Venkataraman, senior vice president – Global Buses, Ashok Leyland, “The capital expenditure will be used for setting up three new bus body building plants, expanding production capacity of Dubai plant and rolling out […]
Kokuyo Camlin (formerly Camlin) has inaugurated a new manufacturing facility at Patalganga near Mumbai. The unit is the Japanese company’s largest across the globe, and will serve as a hub for both, domestic and international demand, primarily from Japan. Kokuyo Camlin is a leading manufacturer of stationery, colour material and […]
Vice-President of India Hamid Ansari has invited Polish businesses and industry to invest in India. He said the country offers a favourable environment and liberalised investment climate. Speaking a business summit at the Ministry of Economic Development, he said the constant reforms in fiscal and investment facilitation policies are transforming […]
Banking on the unprecedented growth in demand for fibre in India and across the world, Sterlite Technologies Limited will establish a new greenfield plant to expand optical fibre capacity to 50 million fibre km. Quoting Anand Agarwal, CEO, Sterlite Tech, a report in Financial Express said the company will be […]
Top public sector units (PSUs) will come together to invest about Rs 30,000 crore to revive four mothballed fertiliser plants by 2020-21. This wil be done with an objective to make India self- sufficient in urea production and cut imports. Apart from investing in rebuilding the shut urea plants at […]
Kia Motors, which has big plans for India, is planning to invest USD 1.1 billion (over Rs 7,000 crore) to set up a manufacturing plant in the country. For the Indian market, the South Korean firm, part of the Hyundai group, plans to roll out a compact SUV and a […]
Welspun India, a textile major and a part of $2.3 billion Welspun Group, will spend Rs 700 crore towards capital expenditure in this fiscal. Altaf Jiwani, director and CFO, Welspun India, said the money will be spent towards enhancing towel capacity and for the ongoing flooring solution project. According to […]
Infrastructure developer Dilip Buildcon has announed bagging a Rs 125 crore project for construction of parallel taxi track at Goa airport. In a BSE filing, it said, “the Airports Authority of India has declared Dilip Buildcon Ltd, Bhopal, as lowest-1 (L-1) bidder for construction of parallel taxi track and associated […]