16 May 2022 Kumar Mangalam Birla to spend $7.2 bn on aluminium The company will spend $7.2 billion to expand its primary aluminium capacity in India after keeping it steady at 1.3 million tonne over the past few years, as it expects prices to remain elevated amid supply constraints and strong demand.
16 May 2022 Exide Industries announces investment of Rs 6,000 crore in Karnataka Exide Industries announced an investment of Rs 6,000 crore in Karnataka to set up one of the largest giga factories for advanced cell chemistry technology.
16 May 2022 SIG to invest in packaging plant in India SIG is considering a strategic investment in a new plant in India. The move will enhance SIG’s operations in the country, which is its one of its fastest-growing markets, the construction time for a new SIG packaging plant is 12 to 18 months.
16 May 2022 BPCL to invest Rs 200 cr to set up 100 fast EV charging corridors Bharat Petroleum will invest around Rs 200 crore this fiscal to set up 100 fast electric vehicles charging corridors having 2,000 stations along the busiest 100 national highways.
16 May 2022 Vedanta to build Semiconductor plant in 2 years Vedanta in partnership with Foxconn will set up a semiconductor manufacturing plant in the next 2 years.
16 May 2022 ABB India expands Gujarat factory ABB India announced expansion of its Gujarat factory to meet growing global demand for digital substation products and digital systems.
16 May 2022 Hyatt Hotels plans to add over 50 hotels in India by 2023 With over 24 executed deals for hotels, Hyatt Hotels Corporation plans to expand its brand footprint in India and is eyeing an over 70% growth, adding over 3,800 keys with more than 50 hotels in its portfolio in India by 2023.
16 May 2022 Tata Housing plans Rs 1,200 crore investment to acquire land Tata Housing plans to invest around Rs 1,200 crore over the next two years to acquire land outright and through joint ventures across major cities to develop group housing projects as well as for plotted development, which has gained traction amid the COVID pandemic.
16 May 2022 MoPSW to expedite Rs 1,913 crore ‘high-impact’ projects With the Centre aiming for rapid ramp-up of India’s infrastructure (infra) and logistics sector, the Ministry of Ports, Shipping, and Waterways has identified nine high-impact infra projects worth Rs 1,913 crore as part of the Pradhan Mantri GatiShakti-National Master Plan (NMP).