Latest Project Updates
Rs.9553 Million New Gauge Conversion Project in Jalgaon, Maharashtra
Executive Summary: A railway project in Pachora, Jalgaon, Maharashtra, involves converting the Pachora-Jamner line to a new gauge and extending it to Malkapur, covering 84.34 km. The project, costing Rs. 9,553.9 million, is set to begin in October 2024 and finish by April 2027. The tender has been published, and the project will be developed via the EPC route.
Rs.115 Million Stainless Steel Products Assembly Expansion Project in Satara, Maharashtra
Executive Summary: A project in Khandala, Satara, Maharashtra, plans to expand stainless steel product assembly to 333 MT per month, laser welded profiles to 1 MT per month, and various cold-rolled steel profiles to 166 MT per month. With an estimated cost of Rs. 115.5 million, the project has received state pollution control consent as of August 2024.
New Bio Ethylene Plant in India
Executive Summary: A major new project is planned to establish a 500 KTPA Bio Ethylene plant and downstream units in India, aiming to boost the country's bio-economy and promote sustainable development. As of August 2024, a non-binding MoU has been signed with a US-based partner to conduct feasibility studies for the project's technical and financial viability.
Rs.22220 Million Data Centre and Residential Buildings Development Project In Raigarh, Maharashtra
Executive Summary: A major development project is planned, featuring a Data Centre and Residential Buildings over 1,239,628 square meters, with an estimated investment of Rs. 22,220 million. Construction will start in December 2024 and finish by December 2030. The project is under review by the State Level Environment Impact Assessment Authority for environmental clearance as of July 2024.
New Synthetic Organic Chemicals Mfg Project In Nandurbar, Maharashtra
Executive Summary: A new synthetic organic chemicals manufacturing project in Nawapur, Maharashtra, will produce Melamine Formaldehyde, Phenol Formaldehyde, and Urea Formaldehyde resins, along with various resin powders. The project, with an estimated cost of Rs. 70.7 million, is set to begin construction in February 2025 and complete by May 2026. Environmental clearance is pending as of August 2024.
Rs.206 Million New Fin Coil Mfg. Project in Chhatrapati Sambhajinagar, Maharashtra
Executive Summary: A new fin coil manufacturing project in Wadgaon Kolhati, MIDC Waluj, Maharashtra, plans to produce 1,000 units per day, targeting industries like HVAC, refrigeration, and automotive. With an investment of Rs. 206 million, the project aims to enhance production capabilities. The company received consent from state pollution control authorities in August 2024, moving closer to establishing the facility.
Rs.101 Million Plastic Moulded Components Mfg. Expansion Project in Maharashtra
Executive Summary: A manufacturing expansion project in Dahegaon, Gangapur, Chhatrapati Sambhajinagar, Maharashtra, aims to increase production of plastic moulded components to 1,800 MT annually and electric water heaters to 5,000 units per month. With an estimated cost of Rs. 101.585 million, the project received approval from state pollution control authorities in August 2024 and is set to proceed.
Rs.224 Million Automotive Body Parts Mfg. Expansion Project in Pune, Maharashtra
Executive Summary: A new automotive body parts manufacturing unit in Khed, Pune, Maharashtra, will initially produce 90 MT/month of sheet metal parts, with an investment of Rs. 646.031 million. As of August 2024, the project is expanding to 98 MT/month for sheet metal, 204 units/month for sidewalls, and 196 units/month for reinforcement parts, requiring an additional Rs. 224.945 million. Environmental approvals are in place.
Induction Furnace Expansion Project In Palghar, Maharashtra
Executive Summary: An Induction Furnace Expansion Project in Tornae, Vada, Palghar, Maharashtra, will increase production capacity for M.S. Billets, Ingots, Runners, and Risers from 40,000 TPA to 60,000 TPA, with an investment of Rs. 60.5 million. Construction began in October 2024 and will conclude by March 2025. The project is awaiting environmental clearance as of August 2024.
Rs.249 Million New Synthetic Organic Chemicals Mfg. Project In Raigarh, Maharashtra
Executive Summary: A new manufacturing project in Dhamani, Khalapur, Raigarh, Maharashtra, will produce synthetic organic chemicals, including Specialty Fatty Esters (9,600 TPA), Amides & Borate (480 TPA), Polymer Additives (3,600 TPA), and Phosphate Ester (120 TPA). Estimated at Rs. 249.5 million, construction is set to begin in February 2025 and complete by August 2025. The project is awaiting environmental clearance.