Latest Project Updates
Rs.600 Million Iron Foundry Unit Expansion Project in Thiruvallur, Tamil Nadu
Executive Summary: An iron foundry unit expansion in Madhavaram, Tamil Nadu, aims to increase capacity from 54,000 TPA to 118,661 TPA of liquid metal. The project, estimated at Rs. 600 million, is currently under review by the State Level Environment Impact Assessment Authority for environmental clearance as of August 2024.
Rs.5500 Million New Stone Wool Insulation Mfg. Unit in Tiruvannamalai, Tamil Nadu
Executive Summary: A new stone wool insulation manufacturing unit will be established in Tiruvannamalai, Tamil Nadu, with an estimated cost of Rs. 5,100 million. The project, which includes setting up a second factory in Cheyyar SIPCOT Industrial Park with an investment of Rs. 5,500 million, is progressing through regulatory approvals, with the board's proposal already cleared.
Rs.4000 Million New Manufacturing Facility in Villupuram, Tamil Nadu
Executive Summary: A new manufacturing facility is planned at SIPCOT Food Park, Tindivanam, Villupuram, Tamil Nadu, with a total investment of Rs. 4,000 million over five years, starting with Rs. 1,350 million. This will be the company's first facility in the region, announced in August 2024, aiming to boost production capacity and generate local employment opportunities.
Rs.362000 Million New Green Ammonia Plant in Thoothukudi, Tamil Nadu
Executive Summary: A new Green Ammonia Plant is planned for Thoothukudi, Tamil Nadu, with an estimated cost of Rs. 362,000 million. The project aims to produce sustainable green ammonia and supports eco-friendly energy solutions. As of August 2024, the foundation stone has been laid, marking the beginning of construction for this significant industrial and environmental initiative.
Rs.2930 Million New Industrial Park in Coimbatore, Tamil Nadu
Executive Summary: An Industrial Park is set to be developed in Varappati, Sulur, Coimbatore, Tamil Nadu, with an estimated cost of Rs. 2,930.85 million. Construction is scheduled to start in October 2024 and finish by August 2026. The project is under review by the State Level Environment Impact Assessment Authority for environmental clearance as of August 2024.
Rs.862 Million Industrial Warehouse Expansion Project In Kanchipuram, Tamiladu
Executive Summary: An industrial warehouse expansion project will increase its size to 44,824.34 square meters at an estimated cost of Rs. 862.4 million. Construction is set to begin in September 2023, with completion expected by March 2028. As of August 2024, the project is under review by the State Level Environment Impact Assessment Authority for environmental clearance.
Rs.6800 Million Custom Manufactured Chemicals Mfg. Expansion Project in Hosur, Tamil Nadu
Executive Summary: A leading Indian chemical manufacturer is expanding its operations in Tamil Nadu with a new project focused on increasing production capacity for custom chemicals in agrochemicals, pharmaceuticals, and fine chemicals. The project, with a total investment of Rs. 8,400 million, is set to complete its first phase by Q2 FY24 and commission Phase-II by Q2 FY25.
New Hotel project in Chennai, Tamil Nadu
Executive Summary: A new 100-room Park Inn hotel is planned for East Coast Road, Chennai, Tamil Nadu, in partnership with Chanda Hotels Pvt Ltd. Scheduled to open in the second quarter of 2028, the project is currently in the pre-project phase as of August 2024, involving site preparation and planning activities.
Rs.10030 Million New Glass Mfg. Facility in Tamil Nadu
Executive Summary: A new facility for advanced glass manufacturing is being established in Sriperumbudur, Tamil Nadu, on 25 acres to produce Gorilla Glass. The Rs. 10,000 million project, developed with Optiemus Infraconstruction Ltd and Tata Consulting Engineers, is set to begin operations in 2024 with an initial capacity of 30 million pieces. Pre-project activities are underway as of December 2023.
New Elevated Metro Corridor in Chennai, Tamil Nadu
Executive Summary: A new elevated metro corridor is planned from Poonamallee to Parandur in Chennai, Tamil Nadu, along NH4. As of August 2024, the project will be integrated with the NHAI's elevated road to avoid land acquisition, aiming to enhance connectivity and streamline construction while reducing costs and optimizing infrastructure use.