Latest Project Updates
Rs.1200 Million Steel Plant Expansion Project in Paschim Bardhaman, West Bengal
Executive Summary: Leading iron & steel manufacturer expands capacity in West Bengal, investing Rs. 1,200 million. Final environmental clearance received in April 2023, bolstering regional growth.
Rs.3500 Million New Freight Car Mfg. Unit in West Bengal
Executive Summary: A company is forming a 50:50 JV with Nymburk to establish a freight car manufacturing unit in Kolkata, West Bengal. The project will involve the manufacturing of freight cars and various railway components, and is expected to cost Rs. 3500 million. Production is planned to commence in early 2024.
Rs.2500 Million M.S. Billets Mfg. Expansion Project in Medinipur West, West Bengal
Executive Summary: A project to expand M.S. billets manufacturing in West Bengal involves installing an Induction furnace, a Structural mill, an Oxygen plant, and a WHRB based 06 MW Captive power plant, and maintaining coke oven plant capacity. The project's estimated cost is Rs. 2500 million, with construction activities planned for November 2023 to April 2024. The environmental clearance process is currently underway.
Rs.1400 Million New Vacuum Interrupters Mfg. Plant in West Bengal
Executive Summary: A new manufacturing plant for vacuum interrupters is being set up in West Bengal. The plant will be built on nine acres of land and will cost around Rs. 1400 million. The project is expected to be completed by February 2024 and will help speed up the manufacturing of products such as vacuum interrupters and power systems vertical.
Rs.1527 Million New Fairway Development Project in West Bengal
Executive Summary: A fairway development project is being planned in West Bengal to enhance transportation infrastructure and promote trade. The project is estimated to cost Rs.1527.7 million and involves the development of an access channel. The contract has been put up for bidding, and the successful completion of the project is expected to contribute significantly to the economic development of the region.
New 421 MW Solar Power Project in West Bengal
Executive Summary: A 421 MW solar power project in West Bengal was awarded through competitive bidding and e-reverse auction. The winning tariff was Rs 2.70/kWh. As of April 2023, the order has been awarded to the company by Damodar Valley Corporation, a large Indian power utility. The project is ISTS-connected and expected to boost local economy and create job opportunities. It will contribute towards India's goal of achieving 450 GW of renewable energy capacity by 2030.
Synthetic Resin Mfg. Expansion Project in Bijapur, Karnataka
Executive Summary: An Indian company has been granted permission by the state pollution control authorities to establish a synthetic resin manufacturing expansion project in Jalpaiguri, West Bengal. The project will increase manufacturing capacity for urea-formaldehyde, phenol-formaldehyde, and melamine-formaldehyde resins. The expansion project aims to meet the increasing demand for synthetic resins in various industries and is expected to contribute significantly to the local economy.
Rs.1300 Million New Vnext Boards & Vnext Panels Mfg. Unit in Pachim Medinipur, West Bengal
Executive Summary: A new manufacturing unit for eco-friendly Vnext boards and panels with a capacity of 8333 Ton/Month is planned in West Bengal. The project has received state pollution control approval with an estimated cost of Rs.1300 million. It aims to meet the rising demand for sustainable building materials and create employment opportunities.
Rs.575 Million New Installing Rolling Mill Expansion Plant in Bankura, West Bengal
Executive Summary: A rolling mill expansion project in Ghutgarya, Barjora, Bankura, West Bengal, proposes to install a new rolling mill plant with a capacity of 324000 MTPA. The project is estimated to cost Rs. 575.1 million, with construction starting in June 2023. The proposal has been submitted to the Ministry of Environment and Forests, and clearance is required from both the ministry and the state pollution control board before work can commence. The project aims to boost production capacity, generate employment opportunities and contribute to the economic growth of the region.
Rs.113 Million New Latex Coated Cotton Gloves Mfg. Unit in Howrah, West Bengal
Executive Summary: A new gloves manufacturing unit with 18000 Nos/day capacity for latex coated cotton gloves and polyster gloves and 19000 Nos/day capacity for dot screen printed cotton gloves will be set up in Howrah, West Bengal at an estimated cost of Rs.113.25 million. The company has received consent from the state pollution control authorities to establish the project.