Latest Project Updates
Rs.3420 Million Industrial Area Development Project in Bengaluru Rural, Karnataka
Executive Summary: An Industrial Area Development Project in Nelamangala, Bengaluru Rural, Karnataka, will develop 254 plots for industrial, commercial, and amenity uses at an estimated cost of Rs. 3,420 million. Construction is set to start in November 2023 and finish by December 2025. As of September 2024, the project is under review by the State Level Environment Impact Assessment Authority for clearance.
Rs.6000 Million Advanced Manufacturing Facility Expansion Project in Dharwad, Karnataka
Executive Summary: An advanced manufacturing facility in Hubli-Dharwad, Karnataka, is expanding with an additional 20 acres to produce alternators, motors, system solutions, and drives for data centers, EVs, and elevators. The Rs. 6,000 million project began construction in April 2024 and will be completed by March 2025, with commercial production starting in October 2025.
New Standalone Grinding and Packing Unit in Belagavi, Karnataka
Executive Summary: A new cement grinding and packing unit is planned for Akrali, Khanapur, Belagavi, Karnataka, with a capacity of 36,000 tonnes per annum and an estimated cost of ₹18.5 million. Construction is set to begin in March 2025 and end by September 2025. The project is under review for environmental clearance by both the Ministry of Environment and the State Level Environment Impact Assessment Authority.
Rs.13000 Million New Maintenance Repair Overhaul (MRO) and Aviation Hub in Bangalore, Karnataka
Executive Summary: A joint venture company aims to establish a Maintenance Repair Overhaul (MRO) facility and aviation hub in Bangalore, Karnataka. The project, costing Rs. 13,000 million, is expected to increase Bengaluru International Airport's passenger handling capacity by 8 million annually. As of February 2024, a pact has been signed with the Karnataka government to proceed.
Rs.293 Million New Metal Product Mfg. Projects in Mysore, Karnataka
Executive Summary: A new project is underway at Hebbal Industrial Estate, focusing on manufacturing aluminum products. With a projected investment of Rs. 293.1 million, the facility will use advanced technology to produce high-quality products for industrial and construction use. Approved by the State High Level Clearance Committee in June 2024, construction began in August 2024.
Rs.193 Million New Building Mfg. Project in Bengaluru, Karnataka
Executive Summary: A major project is underway at 4th Floor, 160/159/166/47, Hosur Rd, Bengaluru, Karnataka, involving a multi-use development. It includes IT services, automobile sales, a restaurant, and a complex with retail and commercial spaces. With an investment of Rs. 193.3 million, construction began in September 2024 following approval from the State High Level Clearance Committee in June 2024.
Rs.152 Million New Sand Casting Project in Shimoga, Karnataka
Executive Summary: A major precision engineering company is launching a new project focused on gravity and sand casting, along with machining solutions, with an investment of Rs. 152.5 million. Approved in June 2024, the project commenced in September 2024, aiming to enhance production efficiency, drive technological innovation, and create jobs, thereby strengthening its position in advanced manufacturing.
Rs.1232 Million New Sponge Iron Mfg. Unit in Ballari, Karnataka
Executive Summary: A new sponge iron manufacturing unit is set to be established in Haraginadoni Village, Ballari, Karnataka. The project includes advanced production facilities for sponge iron and M S Billets, supported by a captive power plant. Estimated at Rs. 1232.4 million, construction will start in October 2024 and finish by June 2026. The project is awaiting final environmental clearance.
Rs.400 Million New Brakes Mfg. Project in Bangalore, Karnataka
Executive Summary: A transportation technology company is launching a project to enhance railway infrastructure with advanced brakes, Automatic Train Lights, pantographs, dampers, and the Kavach system for collision prevention. With a Rs. 400 million investment, the project aims to improve safety, efficiency, and reliability in railway operations. Approved in June 2024, work has commenced, focusing on site preparation, equipment procurement, and technology integration.
Rs.170 Million New Electrical Control Panel Boards Mfg. Project in Dharwad, Karnataka
Executive Summary: A major project in Dharwad, Karnataka, will design and manufacture Electrical Control Panel Boards, with an investment of Rs. 170 million. The facility will use advanced technology to produce high-quality control panels, adhering to industry standards. Approved in June 2024 and commenced in August 2024, the project aims to set new benchmarks in engineering and innovation.