Page 10 - Investment

Nuvoco Vistas to invest ₹200 cr to expand cement grinding capacity

Nuvoco Vistas Corp, the Nirma group's cement business, on Monday announced a Rs 200 crore investment to expand its grinding capacity by 4 MMTPA. The company, which is expanding its presence in Eastern India, will invest in a new cement grinding capacity through a new mill at the Arasmeta Cement Plant in Chhattisgarh, according to a statement from Nuvoco Vistas Corp. This will be complemented by a series of debottlenecking projects at Jojobera, Panagarh, and Odisha Cement Plants, it added. "Including a new mill, the company plans to add 4 MMTPA of grinding capacity through equipment upgrades, process improvements, and internal debottlenecking initiatives by the end of FY'27," it said. Following this, Nuvoco's cement capacity in the East will rise by over 20 per cent within the next one and a half years, increasing from 19 MMTPA (million tonnes per annum), it said. Commenting on the development, the company's Managing Director Jayakumar Krishnaswamy said: "With cement demand in Indi

Indian Oil plans ₹1.66 trn investment over 5 years for business growth

The investment will expand the company's core operations in oil refining and fuel marketing, along with ventures in petrochemicals, natural gas, and renewable energy

$67 bn in 10 years: Japan pledges long-term investment push in India

Modi-Ishiba talks yield 21 outcomes: From defence and critical minerals to high-speed rail and skill training

Datanomics: Higher investment needed to tread on 8% growth trajectory

India experienced its dream run of economic growth during 2003-10, barring 2008 when external shocks in the form of global financial crisis punctured India's high growth

Maharashtra signs ₹33,768 cr MoUs; industries to generate 33,000 jobs

Maharashtra Chief Minister Devendra Fadnavis on Friday said the state government has signed 17 memoranda of understanding (MoUs) with various companies, attracting investments worth Rs 33,768.89 crore that are expected to generate more than 33,000 jobs. The MoUs, signed in the presence of Fadnavis and Industries Minister Uday Samant, span diverse sectors including electronics, steel, solar energy, electric buses and trucks, and defence-related industries, which will come up in north Maharashtra, Pune, Vidarbha and Konkan. The chief minister assured investors that the state government is committed to providing a smooth experience in Maharashtra. The MoUs of Rs 33,768.89 crore are expected to generate 33,483 jobs. "We will not stop at signing agreements. The government will remain a partner at every stage of investment, ensuring there are no hurdles," he said. He highlighted the state's 'Maitri' portal, a single-window platform aimed at facilitating quick approvals for land, permiss

Uppal Group commits Rs 100 cr working capital to premium alcobev push

The liquor brand aims to have a bottling plant by the end of ongoing financial year 2026

Hitachi Energy to invest ₹300 crore to expand transformer material plant

Hitachi Energy India Ltd on Friday announced an investment of Rs 300 crore to enhance the manufacturing capability of high-quality transformer insulation materials in order to cater to the rising demand. In transformers, high-quality insulation material acts as a proactive barrier, keeping the flow of electricity safe and preventing internal short circuits. The investment is part of company's overall investment of Rs 2,000 crore for India announced in October 2024, Hitachi Energy India said in a statement. The company said the latest investment of Rs 300 crore in its insulation and components business will expand the manufacturing facility in Mysuru, Karnataka. The expansion will double the facility's capacity to produce EHV (extra-high voltage) class high-quality pressboard and laminated board, a vital insulation material used in power and distribution transformers. As part of the expansion, Hitachi Energy India will replace the fossil fuel boiler, making its Mysuru site an ultra

AI investment boom is boosting the real economy alongside stock markets

Companies will spend $375 billion globally in 2025 on AI infrastructure, the investment bank UBS estimates

Sonowal outlines $1 trillion maritime growth roadmap at Ambassadors' meet

Shipping Minister Sarbananda Sonowal on Wednesday urged global partners to view India as a hub for investment and innovation, highlighting the government's USD 1 trillion maritime investment roadmap. He was speaking at the Ambassadors' Roundtable Meet organised by the Shipping Ministry as a precursor to the forthcoming India Maritime Week (IMW) 2025, scheduled to be held in Mumbai next month. "India's maritime journey is entering a new chapter...our ports, shipping and logistics ecosystem is becoming more resilient, sustainable and future-ready," the Union Ports, Shipping and Waterways minister told the gathering. Underlining opportunities in India's maritime sector, Sonowal said, "We are working to transform our ports, shipping, and logistics ecosystem into one that is resilient, sustainable, and future-ready, and this opens vast avenues for international collaboration". "These opportunities open up a 1 trillion US dollars maritime investment roadmap, with strong potential for joi

Bihar needs private investment to sustain growth, says Nitish Mishra

Bihar Industry Minister Nitish Mishra outlines new land, policy, and startup initiatives to drive investment, job creation, and transform the state's economic landscape

Saudi Arabia, Qatar to invest in Lebanon if Hezbollah disarms: US envoy

Saudi Arabia and Qatar are ready to invest in an economic zone in south Lebanon near the border with Israel that would create jobs for members of the militant Hezbollah group and its supporters once they lay down their weapons, President Donald Trump's envoy to the Middle East said Tuesday. Tom Barrack made his comments in Beirut after trips to Israel and Syria where he discussed with officials there the ongoing situation in Lebanon following this month's decision by the Lebanese government to disarm Hezbollah by the end of the year. Hezbollah's leader rejected the government's plan, vowing to keep the weapons. On Monday, Israeli Prime Minister Benjamin Netanyahu said Israeli forces could begin withdrawing from territory they hold in southern Lebanon after the Lebanese government's momentous decision to disarm Hezbollah. The US-backed Lebanese army is preparing a plan for Hezbollah's disarmament that should be ready by the end of August. The government is expected to discuss the ...

Vodafone Idea unit in talks to raise $570 million via short-term bonds

The unit of India's third-largest wireless carrier plans to issue bonds with tenors of two and three years, raising ₹30 billion and ₹20 billion, respectively, the sources said

Suzuki to invest ₹70,000 crore in India in next 5-6 yrs: Toshihiro Suzuki

The announcement came after Prime Minister Narendra Modi flagged off the first 'e-Vitara', the first Battery Electric Vehicle, in Ahmedabad today

Snowflake ramps up India investments, targets growth across sectors: MD

AI data cloud firm Snowflake views India as a "land of opportunities" for data and AI, and is significantly increasing its investments in the country to tap into its massive potential, a top company official has said. The company is strategically expanding its presence and capabilities, aiming to grow its headcount to over 700 employees by the end of 2025. "Snowflake is doubling down on India as an investment destination. As a destination where we are heavily invested to make sure that we serve the Indian market, we serve global customers from India, and we also invest in the country in terms of AI and skill sets out there. "If you look at the world of data in India, we have a lot of headroom to expand, not only Snowflake, but most players in this space, there's a massive headroom to expand," Vijayant Rai, India MD of Snowflake, told PTI. The company has recently opened a new office in Mumbai and plans to expand its presence in Bengaluru by August 2025. These expansions will suppo

MP gets ₹56,414 cr investment proposals at Katni mining conclave: CM Yadav

Madhya Pradesh Chief Minister Mohan Yadav on Saturday said the state received investment proposals of Rs 56,414 crore from eight companies during the Mining Conclave 2.0' held in the Katni district. Speaking at the daylong event, he said MP never lagged in mineral resources and is now rapidly moving to develop itself as the country's mining hub. The CM urged investors to set up industries in the state and assured full support from the government. Yadav said the conclave demonstrated the growing interest of industrialists from across the country in MP. He said investment proposals worth Rs 56,414 crore were received from eight companies, and they would energise the state to achieve further progress in the mining sector. The state government signed a Memorandum of Understanding (MoU) with Coal India Limited for the exploration, processing and development of critical minerals, he said. Another MoU was signed with TexMin ISM, Dhanbad, for the use of Artificial Intelligence, IoT (Inte

Kyndryl to invest $2.25 billion in India over the next three years

As part of the investment, the company will also establish an AI lab in the country, in addition to focusing on talent development

US examines equity stake in chip makers for CHIPS Act cash grants: Report

Trump administration has recently made unusual deals with US companies, including allowing AI chip giant Nvidia to sell H20 chips to China, exchange for the US government receiving 15% of those sales

Mission ₹30 trillion: Push for startups, thrust on AI, EVs need of the hour

The panel discussion was held as part of Business Standard Samriddhi-Rajasthan 2025

Earnings recovery can revive value funds, invest with 5-year horizon

Allocation to these funds is essential for style diversity within portfolio

Landmark Group to invest ₹400 crore in new Gurugram housing project

Realty firm Landmark Group will invest Rs 400 crore in the construction of its new housing project in Gurugram. The company is developing 240 apartments in its new residential project, spread over 4 acre of land parcel, at Sector 103 (Dwarka Expressway) in Gurugram. "We will invest Rs 400 crore on construction of our new project 'Landmark SKYVUE'," Landmark Group Chairman Sandeep Chillar told reporters here. He said the company has owned this land parcel since 2009, and all approval charges have been paid to the government. Chillar said the company would fund the construction cost with the help of internal accruals, bank loans and advances from customers against sales. Landmark Group will sell apartments in a price range of Rs 5-7 crore per unit. The launch price is Rs 17,500 per sq ft. The chairman further said the demand continues to be strong in the Gurugram market, helped by infrastructure projects, including the opening up of Dwarka Expressway. The company has so far delive