Latest Project Updates
Active Pharmaceutical Ingredients (APIs) Mfg. Unit in Yadgir, Karnataka
Executive Summary: A pharmaceutical firm is setting up a new API manufacturing unit in Karnataka, with a production capacity of over 220 TPA. The project, costing Rs. 404 million, aims for completion by January 2026, pending environmental clearance.
Rs.240 Million New Mineral Beneficiation Plant in Bagalkot, Karnataka.
Executive Summary: A new mineral beneficiation plant in Bagalkot District, Karnataka, will produce 100,000 TPA of Iron Ore Concentrate, 300,000 TPA of Iron Ore Fines, and 200,000 TPA of Iron Ore Lumps. With an estimated cost of Rs. 240 million, construction is set to start in October 2024 and finish by October 2025. The project is currently awaiting environmental clearance.
New Warehouse Building Project In Bengaluru Rural, Karnataka
Executive Summary: A new warehouse project is set to span 54,406.69 square meters, with an estimated cost of Rs. 15.026 million. Construction will start in September 2024 and is expected to finish by September 2026. The project is currently under review for environmental clearance to ensure regulatory compliance and minimal environmental impact.
New Resin Manufacturing Unit in Dakshina Kannada, Karnataka
Executive Summary: A new synthetic organic chemicals manufacturing industry is planned in Baikampady, Mangaluru, Karnataka. The project includes a resin manufacturing unit producing Urea Formaldehyde Resin (450 MT/M), Phenol Formaldehyde Resin (150 MT/M), and Melamine Urea Formaldehyde Resin (100 MT/M). Estimated at Rs. 80 million, it is currently seeking environmental clearance from the State Level Environment Impact Assessment Authority.
Rs.21000 Million Automotive Components Mfg. Expansion Project in Bangalore, Karnataka
Executive Summary: A significant expansion of an automotive components manufacturing facility is planned in Harohalli, Karnataka, with an estimated cost of Rs. 21,000 million. The project will increase production capacity and incorporate advanced technology for better efficiency. As of July 2024, a Memorandum of Understanding (MoU) with the state government has been signed, promising job creation and economic growth.
Rs.1350 Million New Elevator Mfg. Unit in Karnataka
Executive Summary: A new elevator manufacturing unit is planned in Karnataka, covering 12 acres with an investment of Rs. 1,350 million. The project aims to enhance manufacturing capabilities and meet rising demand for advanced vertical transportation solutions. As of July 2024, a Memorandum of Understanding (MoU) has been signed with the state government, promising job creation and local economic growth.
Rs.60000 Million New Lithium-Ion Cell Manufacturing Giga Factory in Karnataka
Executive Summary: A leading Indian battery manufacturer is establishing a Rs. 60,000 million lithium-ion cell manufacturing giga factory in Karnataka. Set on 80 acres near Bengaluru airport, the first phase, with a 6 GWh capacity, is expected to be completed by the end of FY25. The total project capacity is 12 GWh, with construction on track as of August 2024.
Rs.1260 Million New Sakra world Hospital Construction Project in Bangalore, Karnataka
Executive Summary: A new hospital construction project is planned for Chalkere, Bengaluru East, Karnataka, with an estimated cost of Rs. 1,260 million. Construction will commence in July 2024 and is expected to finish by July 2026. The project, aimed at enhancing healthcare services, is currently under review for environmental clearance by the State Level Environment Impact Assessment Authority.
Rs.2237 Million New Hospital and Ancillary Buildings Construction Project in Karnataka
Executive Summary: A new 200-bed hospital and ancillary buildings project is planned in Bommasandra, Bengaluru, Karnataka. The project includes 62 staff quarters and infrastructure development, with various RCC buildings such as a canteen and mortuary block. Estimated at Rs. 2237.3 million, bids for construction have been invited as of July 2024.
New Solar Power Project in Karnataka
Executive Summary: A new 300 MW solar power project is planned for Pavagada Solar Park, Karnataka. As of July 2024, the project has received a Letter of Award from Karnataka Renewable Energy Development Ltd. (KREDL). This development aims to boost renewable energy capacity, support state energy goals, and contribute to sustainability and economic growth.