Latest Project Updates
Rs.2000 Million New Electric Vehicle Park in Rajasthan
Executive Summary: a forward-thinking initiative is underway to establish a cutting-edge electric vehicle park, addressing the rising demand for sustainable transportation. With an estimated cost of Rs. 2000 million, the project includes essential features such as charging infrastructure and maintenance facilities. Pre-project activities, signaling meticulous planning, are ongoing as of September 2022. A recent development in December 2023 involves the company securing a Production Linked Incentive, paving the way for manufacturing operations around 2025.
Rs.5758 Million New Aluminium Smelter Mfg. Project in Rewari, Haryana
Executive Summary: A state-of-the-art aluminum smelter manufacturing project is set to unfold in Haryana's HSIIDC Industrial Area Bawal, with an estimated investment of Rs. 5758.5148 million. Positioned for technological innovation and industry leadership, the project recently secured approval from state pollution control authorities in December 2023, highlighting a commitment to environmental responsibility and sustainable manufacturing practices.
Rs.1000 Million New Wheel Mfg. Plant in Jammu & Kashmir
Executive Summary: A new wheel manufacturing plant in Jammu & Kashmir, with a 200,000-unit-per-annum capacity and a Rs.1000 million investment, is underway, slated for Q1 FY2025. Despite 60% of planned capital already invested, the company relies solely on bank debt. As of December 2023, pre-project activities are in progress, paving the way for a phased capital infusion as the business matures.
New Machined Auto Components Mfg. Project in Sas Nagar, Punjab
Executive Summary: A machined auto components manufacturing project is underway in Derabassi, Punjab, with Indian Harness Industries investing Rs.45.5 million. The project encompasses the production of machined auto components and fabricated sheet metal auto components, each with a daily capacity of 10 metric tons. As of December 2023, the company has received consent from state pollution control authorities, emphasizing a commitment to environmentally compliant and innovative manufacturing practices.
New Automobile Components Mfg. Project in Bhopal, Madhya Pradesh
Executive Summary: An automobile components manufacturing project in Bagroda, Bhopal, Madhya Pradesh, focusing on producing 150,000 units each of shifter forks and shifter rails. The estimated project cost is Rs. 40 million. By December 2023, the company obtained consent from state pollution control authorities for project establishment.
New Automobile Components Mfg. Project in Tiruvallur, Tamil Nadu
Executive Summary: An automobile components manufacturing project in SIDCO Industrial Estate, Tamil Nadu, focusing on bearings, bushings, and thrust washers with a monthly capacity of 1000000 Nos. The project, as of December 2023, has obtained consent from state pollution control authorities for establishment.
Rs.1222 Million New Sunroof Assembly Mfg. Expansion Plant in Pune, Maharashtra
Executive Summary: A prominent automotive sunroof provider, is initiating a venture to build a cutting-edge sunroof manufacturing plant in Fulgaon, Haveli, Pune, Maharashtra. Responding to the rising demand in the passenger vehicles market, the Rs. 2500 million project aims to strengthen Webasto's production capabilities and meet the growing need for high-quality sunroofs in India. With approvals secured from state pollution control authorities, the project is set to expand sunroof assembly capacity to 10,000 No/M by investing Rs.1222.3 million, demonstrating the company's commitment to advanced infrastructure and technology. The project, in its pre-project phase since March 2021, involves essential preparatory activities for successful establishment.
Rs.281 Million Auto Mobile Parts Mfg. Expansion Project in Sas Nagar, Punjab
Executive Summary: A significant expansion project in Sriperumbudur, Tamil Nadu, focusing on manufacturing liquid oxygen, nitrogen, and argon. The expansion includes increased capacities for liquid oxygen, liquid nitrogen, liquid argon, compressed industrial oxygen, compressed medical oxygen, and compressed nitrogen. As of November 2023, the project has received approval from state pollution control authorities.
New Automobile Seat Foam Pads Mfg. Project in Nashik, Maharashtra
Executive Summary: A new automobile seat foam pads manufacturing project is underway in Vasali, Phoenix, Industrial Park, Nashik, Maharashtra, by a company planning to invest Rs.98.554 million. With a capacity of 137,500 No/M, the project has obtained approval from state pollution control authorities as of November 2023.
Rs.3033 Million New Lead Acid Batteries Mfg. Project in Angul, Odisha
Executive Summary: A lead acid batteries manufacturing project in Angul, Odisha. The project, located in IDCO Aluminium Park, encompasses the production of power storage and solar batteries, with a quantity of 720,000 Nos/Annum over a 30-acre area. The estimated project cost is Rs. 3033.6 million, and as of November 2023, the company has obtained consent from state pollution control authorities for project establishment.