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Bearings maker SKF India plans to invest up to Rs 1,460 crore by 2030 to enhance its manufacturing capabilities across key facilities in both industrial and automotive segments, according to an investor presentation by the company. The company has lined up capital expenditure of about Rs 1,210 crore to Rs 1,460 crore by 2030, to increase manufacturing capacities at its facilities in Haridwar, Pune, and Bangalore. Under the plan, SKF India is looking to invest a total of Rs 800 crore to Rs 950 crore towards its industrial business over the next five years, on channel expansion to meet the growing demand in India and construction of a new plant in Pune by 2028, as per the presentation. The investment on channel expansion will be around Rs 350 crore to Rs 450 crore between 2025 to 2030, while on the new plant it will be around Rs 450 crore to Rs 500 crore. For its automotive business, SKF India said it has lined up Rs 410 crore to Rs 510 crore by 2030, which will include capacity ...
The Odisha government on Friday approved 19 projects worth Rs 3,898 crore, which are expected to generate employment for over 7,400 people. According to an official statement, the State Level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary Manoj Ahuja, has given its nod to the proposals spanning various sectors such as steel, iron & ferro alloys, industrial gases, logistics, food and beverage, agro-processing, tourism and hospitality, chemicals, metal downstream, and apparel and textile. The projects are proposed to be grounded in Angul, Balasore, Cuttack, Dhenkanal, Ganjam, Jajpur, Keonjhar, Khurda, Koraput, Sambalpur and Sundargarh, it said. The state has approved the proposal of Sree Metaliks Limited to expand its integrated steel plant in Keonjhar with an investment of Rs 885 crore, it said. The proposal of Tata Steel to enhance its crude steel capacity from the proposed 6.5 million tonne per annum (MTPA) to 7.1 MTPA with an additional investment of Rs .
Fintech platform MarketsMojo on Wednesday announced the launch of its mutual fund investment and distribution services platform MOJOMF. The platform will be a complete advisory solution on mutual funds with guidance on how to generate alpha on investments. The move is aimed at attracting more investors, especially the youth, by making investment processes and advisory simple, accessible and free of charge. "Investors will benefit from our selection of funds, curated by our advanced algorithm, which is customised to fit one's risk tolerance and investment goals. "The ultimate goal is to deliver a balanced and precision-driven investment strategy, tailored to meet one's specific financial goals," Amit Golia, Group CEO at MarketsMojo, said. MarketsMojo also plans to provide a complete wealth management solution in the coming months, starting with the launch of mutual funds (MF), and eventually becoming an asset advisor across the family portfolio. This includes risk profiling and th