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Inox Air Products, Maharashtra govt ink $3 bn deal for State's First Green Ammonia Plant
This plant is projected to have a capacity of 500,000 metric tons per annum (MTPA) and an estimated investment of $3 billion.Read more
PM Modi unveils Rs 4,000 cr Maritime Boost in Kochi for India's Nautical Advancement
These initiatives encompassed the construction of a 310-metre-long New Dry Dock (NDD) at Cochin Shipyard Limited (CSL).Read more
Acme Group targets $300 mn equity raise for Green Hydrogen Ventures
The company, which recently sold 450-550 MW of power assets to BluPine for $180-200 million, is in the initial stages of appointing investment bankers for the equity funding process, conducted discreetly.Read more
PNGRB proposes 425 km Gas pipeline to boost energy supply in Kerala, Tamil Nadu
The proposed pipeline is designed to conclude in Thoothukudi, seamlessly linking with another gas pipeline that interfaces with Indian Oil's LNG import terminal in Ennore, Tamil Nadu.Read more
Ministry targets July 2024 for certification of 85 Applicants in automotive PLI scheme
The Ministry of Heavy Industries (MHI) plans to initiate the disbursement of incentives under the scheme in the financial year 2025.Read more
Anand Group to invest Rs 987 cr in Tamil Nadu for automotive manufacturing
The Group formalised this commitment by signing a Memorandum of Understanding (MoU) with the state government during the recent Tamil Nadu Global Investors Meet 2024 in Chennai.Read more
HPL Electric & Power clinches Rs 240 cr Smart Meter Order from AMISP
Gautam Seth, Joint Managing Director of HPL Electric, expressed optimism about these developments, anticipating a future of stability and growth for HPL in the smart metering industry.Read more
Boeing inaugurates parts distribution centre in India
This new facility, one of eight worldwide, exclusively manages and dispatches spare parts for Boeing's commercial customers. The decision to invest in this distribution centre was initially disclosed during the Aero Show in Bengaluru the previous year.Read more
Synopsys to acquire Ansys in $35 bn mega-deal
The proposed acquisition, if completed, would mark the largest deal in the technology sector since Broadcom acquired VMware for $69 billion in November of the previous year.Read more
EY forecasts extension of 15% corporate tax rate in 2024 budget
EY predicts that the interim Budget may push back the deadline for commencing manufacturing from March 31, 2024, to March 31, 2025, for companies benefiting from the 15% concessional income tax rate.Read more