Latest Project Updates
Rs.18000 Million New Industrial Park in Virudhunagar, Tamil Nadu
Executive Summary: A new industrial park is planned to be developed in Virudhunagar, Tamil Nadu by State Industries Promotion Corporation of Tamilnadu. The project covers an area of 425.55 hectares with an estimated cost of Rs.18,000 million. As of May 2022, the project is awaiting environment clearance.
Rs.20000 Million New Tyres Manufacturing Unit in Chennai, Tamil Nadu
Executive Summary: A greenfield passenger car radial tyre plant is expected to be commissioned in FY20 in Tamil Nadu, with a capacity to produce 96 lakh tyres per annum. The project involves an estimated investment of approximately Rs. 20000 million to be spent over three to five years. As of May 2022, the project aims to expand the manufacturing capacity of tyres by around 30,000 tyres per day, with an investment of Rs.8000 Million.
Rs.1550 Million New ESIC Hospital in Sriperumbudur, Tamil Nadu
Executive Summary: A new hospital with 100 beds is being constructed in Sriperumbudur, Tamil Nadu under the Employees' State Insurance Corporation. The hospital will have departments such as general medicine, general surgery, obstetrics and gynecology, pediatrics, and more. The project's estimated cost is Rs.1550 million, and the foundation stone has already been laid as of May 2022, creating job opportunities and improving healthcare infrastructure in the region.
Rs.2830 Million Fishing Harbour Expansion Project in Kanyakumari, Tamil Nadu
Executive Summary: Tamil Nadu gov't is promoting sustainable dev't and planning major expansion of Thengapattinam Fishing Harbour. Project includes integrated fishing harbour w/ facilities, estimated cost Rs. 2830 million, began obtaining environment clearance in May 2022. New dev't will boost local fishing industry and provide important infrastructure and services. Tamil Nadu gov't is committed to responsible dev't and supports success of project and broader regional goals.
Rs.72000 Million Outer Harbour Development Project in Thoothukudi, Tamil Nadu
Executive Summary: An Indian port authority in Tamil Nadu plans to build an outer harbor, which includes two container terminals capable of accommodating 22,000 TEU-capacity ships. The project is estimated to cost Rs. 72000 million and aims to increase port capacity and competitiveness in the global shipping industry. Private firms have been asked to express interest in undertaking the project.
New Cement Grinding Unit in Chennai, Tamil Nadu
Executive Summary: A new cement grinding unit with a capacity of 2 million tonnes is planned in Arakkonam, Chennai, Tamil Nadu. The project aims to meet the increasing demand for cement in the region due to infrastructure and construction projects. A Memorandum of Understanding (MoU) has been signed with the state government to obtain necessary approvals and clearances. The project is expected to create employment opportunities and contribute to the economic growth of the state.
New Cement Grinding Unit in Salem, Tamil Nadu
Executive Summary: A new cement grinding unit is planned to be set up in Salem, Tamil Nadu, with a production capacity of 2 million tonnes. The company has signed an MoU with the state government regarding the project as of May 2022.
New Cement Grinding Unit in Virudhunagar, Tamil Nadu
Executive Summary: A new cement grinding unit is planned to be set up in Sattur, Virudhunagar district, Tamil Nadu, India, with a capacity of 2 million tonnes. The project is expected to create employment opportunities, contribute to the economic growth of the region, and meet the growing demand for cement in the southern region of the country. The company signed an MoU with the Tamil Nadu government in May 2022, indicating its commitment to the project.
Rs.3000 Million New Paediatric Specialty Centre in Vellore, Tamil Nadu
Executive Summary: A new pediatric specialty center, costing Rs. 3000 million and having 350 beds covering a range of pediatric specialties, is set to be established in the Kannigapuram campus of Christian Medical College, located in Vellore, Tamil Nadu. The project is a partnership between Quess Corp and Fairfax Financial Holdings Ltd, with pre-project activities currently ongoing as of May 2022.
New Hosiery Products Mfg.Project in Tirupur, Tamil Nadu
Executive Summary: A new project for hosiery product manufacturing is being planned in Tirupur, Tamil Nadu. The project is expected to produce 18.8 crore pieces, and the location is seen as strategic due to the area's established infrastructure and skilled labor force. The company aims to expand its product portfolio and meet the growing demand in India while adhering to high standards of quality and sustainability. Investment in technology and manufacturing processes will strengthen the company's position in the market and provide value to stakeholders.