Latest Project Updates
Rs.1500 Million New Grain based Distillery Project in Vijayapura, Karnataka
Executive Summary: A new Grain-based Distillery Project is underway in Chattarki, Tal.: Sindagi, Vijayapura, Karnataka. It involves establishing a 125 KLPD distillery with a 2 MW Electricity Generation unit, costing Rs.1500 million. Construction began in August 2024, expected to conclude by May 2025. As of April 2024, the project awaits environmental clearance from the Ministry of Environment, Forest and Climate Change of India.
Rs.540 Million New 3 Star Hotel Construction Project in Bengaluru Urban, Karnataka
Executive Summary: In Bengaluru Urban, Karnataka, a new 3-star hotel construction project in Bommasandra Village is planned, with a built-up area of 27,692.80 sqm. Estimated at Rs. 540 million, construction begins in April 2024, set to conclude by March 2026. The Ministry of Environment, Forest and Climate Change of India is currently examining the project for environmental clearance as of March 2024.
Rs.935 Million New Specialty Chemicals and Excipients Mfg. Project in Yadgir, Karnataka
Executive Summary: A specialty chemicals and excipients manufacturing project in Karnataka's Yadgir is underway, with a capacity of 8400 TPA and an estimated cost of Rs.935.5 million. Construction begins in September 2024, ending April 2026. As of March 2024, the project awaits environmental clearance from the Ministry of Environment, Forest, and Climate Change.
New Pharmaceutical Ingredients Mfg. Unit in Yadgir, Karnataka.
Executive Summary: A pharmaceutical company is set to establish a new manufacturing unit for pharmaceutical ingredients in Karnataka, with an annual capacity of 480 tons. The project, valued at Rs.40 million, commenced construction in October 2024 and is scheduled for completion by December 2025. Environment clearance is currently pending approval from the Ministry of Environment, Forest and Climate Change of India.
Rs.6640 Million New Integrated Steel Expansion Plant in Raichur, Karnataka
Executive Summary: A large integrated steel plant in Karnataka, with a production capacity of 4,000,00 tons per annum (TPA) of steel and 90 MW captive power generation. After submitting the project for evaluation to the Ministry of Environment, Forest and Climate Change in May 2023, they await clearance. The expansion, starting in January 2025, includes various enhancements to steel production and power generation, pending environmental clearance.
Rs.1390 Million Beneficiation Expansion Plant in Ballari, Karnataka
Executive Summary: A beneficiation expansion in Sandur, Karnataka, increasing capacity from 0.3 to 1.5 MTPA. Additionally, 2 DRI plant kilns (95 TPD each) and a WHRB Power plant with a 5MW dryer are to be set up in a 35.63-acre area. The project, costing Rs.1390.5 million, began construction in June 2024, aiming for completion by May 2025. Environmental clearance is pending as of March 2024.
Rs.14000 Million New Cement Grinding Expansion Unit in Chikkaballapura, Karnataka
Executive Summary: A cement grinding expansion unit in Karnataka's Chikkaballapura district is planned, increasing production from 2.0 MTPA to 8.0 MTPA. The expansion, costing Rs.14000 million, involves installing a new line with a capacity of 2X3.0 MTPA. Construction starts in June 2024, concluding in March 2026. The project awaits environmental clearance from the Ministry of Environment, Forest, and Climate Change as of March 2024.
Rs.10000 Million New Hospital Project in Bangalore, Karnataka
Executive Summary: A new Hospital Project in Banaswadi, Bangalore, Karnataka, aims to construct a 500-bed facility spanning 600,000 sqft, expected to be ready by 2026. The project, estimated at Rs.10,000 million, is currently in pre-project stages as of March 2024.
Rs.1250 Million New Fruit Processing Plant in Karnataka
Executive Summary: A new Fruit Processing Plant in Karnataka is being developed, with an estimated cost of Rs. 1250 million. As of March 2024, the project is in an advanced stage of construction, signaling progress towards tapping into the region's fruit resources and diversifying operations.
Rs.4200 Million New Passenger to Freighter Aircraft Conversion Facility in Karnataka
Executive Summary: A new Passenger to Freighter Aircraft Conversion Facility, costing Rs. 4200 million, is planned in Karnataka, approved by the State Government as of March 2024. This initiative aims to repurpose passenger aircraft for freight operations, enhancing logistics and bolstering the aerospace industry's capabilities.