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Nod granted to 12 new units to come up in Visakhapatnam SEZ
The units will be engaged in strategy services and managed IT services, IT design and development services, repair, maintenance and overhaul (RMO) services of mobiles and software development, and others.The three units in Andhra Pradesh are Advait Biofuels for manufacturing biodiesel, Biocon and Granules CZRO for manufacture of pharmaceutical products, and will come up in the combined Visakhapatnam district.VSEZ’s head office located at Duvvada in Visakhapatnam, caters to the export-oriented units in Chhattisgarh and Yanam, apart from Andhra Pradesh and Telangana.The products are related to information technology (IT) and information technology-enabled services (ITeS).Among the nine units in Telangana are Purview India Consulting and Services, Sigmasoft Infotech, Inspire Brands Global Innovation Centre India, FedEx Express Transportation and Supply Chain Services (India) and others.

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🇮🇳 India · 🗓️ August 29, 2023 · Construction

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Nisus Finance, Phoenix ARC invest nearly Rs 100 cr in Ahmedabad commercial project
This is the first instance of a joint investment by Nisus BCD and Phoenix ARC in the same transaction.The investment will help Nisus Finance and Phoenix ARC take over the project and exit the loans of the erstwhile lender DHFL through Piramal Capital & Housing Finance.Nearly 80% of the project is complete and has all approvals in place, with balance construction is on and the project delivery is scheduled within 12 months.The group owns several land parcels across key cities of Gujarat and is foraying into the Mumbai market.Nisus has recently launched the RESO-I fund with a corpus of Rs 700 crore.

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🇮🇳 India · 🗓️ August 29, 2023 · Construction

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HDFC Capital, Abhinandan Lodha Group ink JV to invest Rs 1,500 crore in low-rise projects
The development platform with HDFC Capital is looking to deepen the presence in the existing regions and will also deploy capital by exploring more property markets.HDFC Capital, a subsidiary of HDFC Bank, is the real estate private equity arm of HDFC Group.HDFC Capital Advisors will be investing in this new platform through HDFC Capital Affordable Real Estate Fund-3 and the Investment is expected to result in a gross development value (GDV) of over Rs 4,500 crores.This has resulted in an upsurge in plotted development and holiday home projects in peripheral areas of tier I cities and scenic locations in proximity to metro cities.Earlier this year, HoABL had announced its plan to invest over Rs 11,000 crore to acquire and develop land parcels across the country over the next 3-4 years in a bid to capture the rising demand for plotted developments and land investments.

🇮🇳 India · 🗓️ August 29, 2023 · Construction

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Caplin Point allocates Rs 550 cr capex for business expansion
Moreover, it completed expansion activities in the softgel manufacturing plant in Puducherry in Q4/FY23.As of now, Caplin Point and its subsidiary Caplin Steriles have manufacturing plants and facilities in six locations, including Tamil Nadu, Puducherry and Andhra Pradesh.The company is engaged in ongoing projects involving Phase-II & III expansion of the Caplin Steriles plant at Gummidipoondi in Tamil Nadu, general API manufacturing plant in Andhra Pradesh, manufacturing plant for oral solid dosages (OSD) and injectables for oncology near Chennai are expected to be completed by the current financial year.Caplin would begin work on an oncology API manufacturing facility and another OSD facility in the first two quarters of FY25.Chennai-based Caplin Point Laboratories has allocated Rs 500-550 crore towards capex for the expansion of its existing capacities and additional manufacturing sites to augment product range.

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🇮🇳 India · 🗓️ August 16, 2023 · Construction

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M&M expects two lakh EVs production from upcoming plant at Chakan, Maharashtra
The first product under the BE range is expected to be in the market by the end of next year.e’, an all-new electric version of the iconic SUV.As per the company’s estimates, EVs would account for 30 percent of the overall volumes by 2030.The investment will spread over a period of seven to eight years for the facility, along with development and production of its upcoming ‘Born Electric’ (BE) models.In January, 2023, the automobile major received an approval from the Maharashtra government to set up a Rs 10,000-crore EV plant in Chakan near Pune.

🔗Projects Today

🇮🇳 India · 🗓️ August 16, 2023 · Construction

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