Latest Project Updates
Rs.41190 Million New Greenfield Port in Karnataka
Executive Summary: A new greenfield port project in Karnataka is underway, led by an infrastructure developer. The initiative involves establishing an all-weather, deep-water port at Keni, emphasizing eco-friendly mechanized facilities for handling large vessels. The estimated project cost is Rs. 41190 million, with an initial capacity of 30 MTPA and plans for substantial future expansion. As of November 2023, pre-project activities are in progress, setting the stage for a transformative addition to the region's maritime infrastructure.
Rs.2266 Million Iron Ore Mine Expansion Project in Chitradurga, Karnataka
Executive Summary: In Karnataka's Chitradurga district, a major iron ore mining expansion project is underway, aiming to increase capacity from 6 to 7.2 MTPM at a cost of Rs. 2266.4 million. Environmental clearance has been sought since August 2021. As of November 2023, plans include establishing an Iron Ore Mineral Beneficiation Plant in Megalahalli Village, focusing on sustainable mining and economic growth through value addition to extracted resources.
Rs.5100 Million Sponge Iron Plant Expansion Project in Bellary, Karnataka
Executive Summary: A firm is planning to expand sponge iron plant, power plant, rolling mill, cold mining, steel melting shop, and galvanizing unit in Karnataka. The expansion will increase production from 90000 TPA to 440000 TPA of sponge iron, 12 to 24 MW of power, and add facilities for 600000 TPA of rolling mill, 600000 TPA of cold mining, 660000 TPA of steel melting shop, and 300000 TPA of galvanizing unit. The estimated cost of the project is Rs.5100 million. The company has received environment clearance and the expansion includes the installation of additional 1x350 TPD DRI kiln to increase production of sponge iron and add power plants, induction furnaces, and narrow hot strip mill
Rs.690 Million New Medical College and Hospital in Bagalkote, Karnataka
Executive Summary: A new medical college, hospital, and research center are planned in Badagand, Bilgi, Bagalkote, Karnataka, with an estimated cost of Rs. 690 million. Construction is set to begin in March 2024 and conclude by December 2026. As of November 2023, the project awaits environmental clearance from the State Level Environment Impact Assessment Authority.
Rs.17270 Million Steel Plant Expansion Project in Chitradurga, Karnataka
Executive Summary: A steel plant expansion project in Heggere, Karnataka, aims to boost production from 0.2 MTPA to 1.0 MTPA. It includes new beneficiation and pellet plants, coal gasifier, DRI kilns, and furnaces. The venture also covers rolling mills for both long and flat products. The estimated project cost is Rs. 17,270 million. Construction begins in October 2024, concluding in November 2028. As of October 2023, the project awaits environmental clearance from the Ministry of Environment, Forest and Climate Change of India.
New Water Purifiers Mfg. Expansion Project in Bangalore Urban, Karnataka
Executive Summary: In Bommasandra Industrial Area, Karnataka, Eureka Forbes plans to expand its manufacturing of water purifiers, spares, RO membranes, and cleaning appliances. The expansion project, with substantial production increases, has secured consent from state pollution control authorities for establishment as of October 2023.
New Adhesives, Grouts, Waterproofing, Wallputty, Sealers Mfg. Project in Udupi, Karnataka
Executive Summary: A manufacturing project in Udupi, Karnataka, focusing on adhesives, grouts, waterproofing, wall putty, and sealers with a capacity of 300 metric tonnes per annum. As of October 2023, the company has obtained consent from state pollution control authorities for the project's establishment.
Rs.3040 Million New Fermentation-Based Proteins Mfg. Project in Mysuru, Karnataka
Executive Summary: A fermentation-based protein manufacturing facility in Karnataka, offering 11 products, including sweet protein, egg protein, and more, with a total capacity of 1320 TPA and an estimated cost of Rs. 3040 million. Construction is scheduled from January to August 2024. As of October 2023, the project awaits environmental clearance from the State Level Environment Impact Assessment Authority.
Rs.700 Million New Hospital Project in Chikkaballapura, Karnataka
Executive Summary: To develop a hospital in Hadmatiya, Gujarat, with a planned build-up area of 50,683.83 sqm and an estimated cost of Rs. 700 million. Construction is scheduled from January 2024 to January 2027. As of October 2023, the project is in the process of obtaining environmental clearance, having been submitted to the Ministry of Environment, Forest, and Climate Change of India.
New Stitching Garments Mfg. Project in Bengaluru, Karnataka
Executive Summary: A clothing company in India is set to launch a new garment manufacturing project in Bengaluru, Karnataka, capable of producing 20,000 units per month. They've obtained approval from state pollution control authorities as of October 2023.