Latest Project Updates
Rs.206 Million Synthetic Organic Chemicals and Fine Chemicals Mfg. Project in Maharashtra
Executive Summary: A new Greenfield project for manufacturing Synthetic Organic Chemicals and Fine Chemicals is planned in MIDC Lote Parshuram, Khed, Ratnagiri, Maharashtra. The facility will produce 10,000 TPM of chemicals with an estimated investment of Rs. 206.5 million. Construction is set to start in March 2025 and complete by March 2026. As of August 2024, the project is under review for environmental clearance by the State Level Environment Impact Assessment Authority.
Rs.4500 Million New Hospital & Commercial IT building Construction Project in Maharashtra
Executive Summary: A new hospital and commercial IT building project, Pebbles Business Bay, is planned in Wakad, Mulshi, Pune, Maharashtra. With an estimated cost of Rs. 4500 million, construction is set to start in December 2023 and finish by December 2028. The project is currently awaiting environmental clearance from the State Level Environment Impact Assessment Authority as of August 2024.
Rs.3313 Million New Medical College Construction Project in Mumbai, Maharashtra
Executive Summary: A new medical college construction project in Mumbai, Maharashtra, will include a college for 100 students, a 500-bed hospital, and ancillary buildings in Sindhudurg. The project, estimated at Rs. 3313.8 million, has received a Letter of Acceptance for Rs. 331.38 crore (excluding GST). Scheduled for completion within 30 months, it is awarded on an 'EPC Lumpsum basis.'
Rs.140000 Million New Pumped Storage Project in Maharashtra
Executive Summary: A new Pumped Storage Project in Maharashtra is set to develop two key projects: the 1,500 MW Pawana Falyan PSP and the 1,250 MW Kumbhavade PSP, across multiple districts. With an estimated cost of Rs. 140,000 million, an agreement has been signed with the Water Resources Department of Maharashtra as of August 2024.
Rs.100 Million New Skates Production Project in Pune, Maharashtra
Executive Summary: A new project in Bavdhan, Pune, involves establishing a skates production facility and engaging in sports material trading, retail, and processing. The Rs. 100 million project will start construction in July 2024 and finish by December 2025. As of August 2024, it is under review for environmental clearance by the Ministry of Environment, Forest and Climate Change.
Rs.224200 Million Iron Ore Grinding Unit Expansion Project in Gadchiroli, Maharashtra
Executive Summary: A significant expansion project is planned in Gadchiroli, Maharashtra, involving an increase in DRI production, WHRB capacity, and the establishment of new iron ore grinding, thickening, filtration, and pellet plant units. The project also includes a new 4.5 MTPA Integrated Steel Plant with a 483 MW Captive Power Plant. The Rs.224200 million project is awaiting environmental clearance as of August 2024.
New Water-Based Polymer Emulsions Mfg. Unit in Mumbai, Maharashtra
Executive Summary: A company is expanding its Mumbai facility to produce water-based polymer emulsions, including Styrene Acrylic Co-Polymers (23,420 TPA), Pure Acrylic Co-Polymers (6,340 TPA), and VAM Acrylic Co-Polymer (240 TPA). As of August 2024, it has received environmental approval.
Rs. 29000 Million Multi Modal logistics Park In Pune, Maharashtra
Executive Summary: A major project is underway to develop a Multi-Modal Logistics Park, with a budget of Rs. 29,000.6 million. Construction will start in January 2025 and finish by December 2040. The project aims to improve logistics efficiency by integrating various transportation modes and has been submitted for environmental clearance as of August 2024.
Rs.447 Million Diamond Cutting Tools Mfg. Project in Thane, Maharashtra
Executive Summary: A new manufacturing project in Thane, Maharashtra, will focus on producing diamond cutting tools with a capacity of 50,000 pieces per month and electroplated cutting tools at 5,000 units per month. The project, estimated at Rs. 447.994 million, has received environmental clearance from state authorities as of August 2024, ensuring regulatory compliance.
New Hotel Construction Project in Nashik, Maharashtra
Executive Summary: A new hotel project in Nashik, Maharashtra, will feature 45 rooms, a restaurant, banquet hall, meeting room, and public areas. Scheduled to open in fiscal year 2027, the development will be part of a new property under the Key Select brand. As of August 2024, the project is in the planning stages.