New Project Announcements
KPG Spices targets Rs 100 cr revenue in FY26 on network, product expansion
KPG Spices is looking to double its turnover to Rs 100 crore this fiscal on the back of new product launches and network expansion, according to a top company official. A spice brand owned by Marvel King Ltd, which offers a full range of ground spices, achieved a revenue of Rs 50 crore in the financial year ended March this year. The company has set a target of Rs 100 crore in revenue for the 202526 financial year, Marvel King Ltd Managing Director Gourav Jain said. To achieve the target, the company has launched a range of whole spices in markets across North India, he said. The company also plans to expand into UP and Rajasthan and the Northeast region. Our sales and marketing team is working diligently to expand our network to reach 1 lakh retail outlets, said Marvel King Chairman Parveen Jain. We are also exploring opportunities in the e-commerce and quick-commerce marketplaces, Jain added. KPG Spices, which was launched 14 months ago, currently has a presence in six states .
 "KPG Spices targets Rs 100 cr revenue in FY26 on network, product expansion")
New private project announcements zoom ahead of Lok Sabha elections
Manufacturing sector accounted for nearly 60 per cent of new project value
 "New private project announcements zoom ahead of Lok Sabha elections")
At over Rs 6 trillion, capex on new projects sees 44% jump in Q3
The data also showed a 49.9 per cent year-on-year drop in completed projects, and an 87.5 per cent decline in stalling rates
 "At over Rs 6 trillion, capex on new projects sees 44% jump in Q3")
Capex on new projects declines further in Q2 amid higher borrowing costs
Higher global borrowing costs are expected to affect growth prospects
New project investments hint at road to normalcy, touch Rs 3.57 trn in Q1
Around Rs 87,000 crore worth of projects were completed in June 2022. The completion rate was 22.5 per cent higher than last year
 "New project investments hint at road to normalcy, touch Rs 3.57 trn in Q1")
Companies shelve capex plans on pandemic blow, new projects decline 88%
Completed projects are down 74.3 per cent to Rs 43,000 crore
 "Companies shelve capex plans on pandemic blow, new projects decline 88%")
Even as economy reopens, new projects continue decline; down 82% YoY in Sep
Value of new projects in September lower than in June which saw the worst of lockdown
 "Even as economy reopens, new projects continue decline; down 82% YoY in Sep")
Value of new project announcements down 33.4% in June quarter: CMIE
A IIFL Securities' India-Economy report notes new project announcements had also fallen year-on-year by 13 per cent. Investment in the four quarters ending June were at five per cent of GDP
 "Value of new project announcements down 33.4% in June quarter: CMIE")
