Latest Project Updates
Rs.56110 Million New Development of All-Weather Multi-Cargo Greenfield Deepwater Port Project in Uttara Kannada, Karnataka
Executive Summary: A prominent infrastructure firm plans to develop an all-weather multi-cargo deepwater port in Algeri, Ankola, Karnataka, with an estimated cost of Rs.56110 million. Construction will start in March 2025 and finish by June 2030, pending environmental clearance.
Rs.2050 Million New EPS Liner Mfg. Unit in Belagavi, Karnataka
Executive Summary: A new manufacturing unit for EPS liners is being established in Ullagadi Khanapur, Hukkeri, Belagavi, Karnataka, with an estimated investment of Rs. 2050 million. The project received approval from the state Land Allotment Committee in February 2024. As of October 2024, construction has commenced, aimed at enhancing production capabilities to meet growing market demand for EPS products.
Rs.1500 Million New Bulk Drugs Intermediates Mfg. Unit in Yadgir, Karnataka
Executive Summary: A new manufacturing unit for bulk drug intermediates is being established in Kadechur Industrial Area, Yadgir, Karnataka, with an estimated investment of Rs. 1500 million. Approved by the state Land Allotment Committee in February 2024, construction work has commenced as of October 2024. The project aims to enhance production capabilities in response to the growing demand in the pharmaceutical sector.
Rs.1560 Million New CNC Lathe & Tuning Centre in Tumkur, Karnataka
Executive Summary: A new CNC lathe and turning center project is underway in Vasantha Narasapura Industrial Area, Tumkur, Karnataka. Initially delayed in 2019, it was approved by the State Land Allotment Committee in February 2024, with investment rising to Rs. 1560 million. As of October 2024, construction has commenced, focusing on advanced design and manufacturing capabilities for CNC machinery.
Rs.6000 Million New Greenfield Project in Karnataka
Executive Summary: A new greenfield distillery project is underway in Karnataka, spanning 30 acres and aimed at producing nearly 150 cases of Single Malt alongside 2.3 crore cases of other brands by FY25. The project, with an estimated cost of Rs. 6,000 million, has entered its preliminary phases as of October 2024, focusing on expanding production capacity.
New Environment Controlled Hatchery Construction Project in Belgavi, Karnataka
Executive Summary: A new environment-controlled hatchery is being established in Belgavi, Karnataka, covering an area of 9,810.65 square meters, with an estimated investment of Rs. 407.1 million. Approval for the project was granted by the state Land Allotment Committee in February 2024, and as of October 2024, construction activities have officially commenced, aimed at enhancing hatchery operations and production efficiency.
Rs.2500 Million New Lithium-ion Batteries Mfg. Project in Bellary district, Karnataka
Executive Summary: A new facility focused on chemical and electrical products is being established in the Kudithini industrial area, Bellary district, Karnataka, covering 50 acres. The project, estimated at Rs. 54 million, will produce Lithium Iron Phosphate, Cathode Active Material, and Lithium-ion batteries. Approved by the state Land Allotment Committee in February 2024, construction work has begun as of October 2024.
Rs.2160 Million New Photovoltaic Module Mfg. Facility in Bangalore, Karnataka
Executive Summary: A new Photovoltaic Module Manufacturing Facility is being established in Bangalore, Karnataka, with a capacity of 1,500 MW. The project, estimated at Rs. 2,160 million, will be funded through a debt-equity ratio of 75:25. As of October 2024, pre-project activities are in progress, with operations expected to commence by the end of December 2024.
New Hotel Project in Kalaburagi, Karnataka
Executive Summary: A new hotel project in Kalaburagi, Karnataka, is set to feature 72 well-appointed rooms along with a restaurant, bar, banquet hall, meeting room, swimming pool, fitness center, and spa. Announced in October 2024, this initiative aims to enhance local hospitality offerings and cater to both leisure and business travelers, contributing positively to the regional economy.
Rs.6115 Million New Tumakuru-Rayadurga BG Line in Karnataka
Executive Summary: A new Broad Gauge line project is underway in Karnataka, covering a stretch between chainages 51/500 and 84/000. The project includes engineering, procurement, construction, railway electrification, civil works, and signaling systems, with an estimated cost of Rs. 6,115 million. A tender has been issued, and bids are due by January 8, 2025, to enhance regional connectivity.