Page 47 - Tamil Nadu

Hyundai, IIT-M to set up Hydrogen Valley Innovation Hub for green solutions

Auto-maker Hyundai Motor India and the Indian Institute of Technology, Madras here is set establish a Hydrogen Valley Innovation Hub at an outlay of Rs 180 crore, which would promote hydrogen-based clean energy solutions in various applications and sectors. A memorandum of understanding between Hyundai Motor India, IIT-Madras, and the state government's investment promotion agency Guidance Tamil Nadu was signed during the Global Investors Meet held here recently. "The Hydrogen Valley Innovation Hub project, with a total project cost of Rs 180 crore, will be established with an investment of Rs 100 crore by Hyundai Motor India Ltd, towards its capital expenditure requirements," a press release from IIT-Madras said on Friday. The Chennai-based premier research institute would take up the responsibility of setting up the hub at its sprawling campus in the city, and provide both the building as well as research and development infrastructure. IIT-M would also develop a curriculum and b

ProClime commits Rs 450 crore investment in TN to drive carbon projects

ProClime, a unified service provider in the climate space across Singapore, Sri Lanka, and India has committed Rs 450 crore investment in Tamil Nadu for taking up carbon projects, the company said on Friday. The Chennai-headquartered firm signed a memorandum of understanding with the Tamil Nadu government during the recently held Global Investors Meet. "Over the next five years, ProClime will invest Rs 450 crore as climate investments in the state and aims to create employment opportunities through carbon projects. ProClime is poised to be the first unified climate service provider investing in Tamil Nadu for carbon projects that generate carbon credits to mitigate climate change," the company said in a statement. These credits would play a pivotal role in supporting the sustainable development goals across Tamil Nadu. Besides, it would also position itself as a front-runner in both Indian and Global Carbon markets. "Our MoU with the Government of Tamil Nadu marks a pivotal step ..

Global Investors Meet 2024: GHCL Textiles to invest Rs 535 cr in Tamil Nadu

The MoU was signed in the presence of Chief Minister M K Stalin, senior ministers, and officials of the Government of Tamil Nadu

First Solar invests $700 mn for solar manufacturing plant in Tamil Nadu

US-based First Solar said it has invested USD 700 million in setting up India's first integrated solar manufacturing plant in Tamil Nadu that was inaugurated on Thursday. The facility, which has an annual capacity of 3.3 gigawatts (GW), is located in Tamil Nadu. It will produce the 'company's series 7' Photovoltaic (PV) solar modules for the Indian market. The facility has provided a direct employment opportunity to around 1,000 people, according to a statement. Tamil Nadu's Minister for Industries, Promotions and Commerce TRB Rajaa was the chief guest at the plant's inaugural ceremony that was also attended by the United States Ambassador to India Eric Garcetti and Chief Executive Officer of the US International Development Finance Corporation (DFC) Scott Nathan. The factory sets a high bar for sustainability and advanced manufacturing and has created high-value jobs in the state. It will support India's ambition to become self-sufficient in solar technology, Rajaa said. Garcetti

TN TRB annual planner 2024 out at trb.tn.gov.in; 6281 posts to be filled

The Tamil Nadu Teachers Recruitment Board (TN TRB) has announced the tentative recruitment calendar for the year 2024-25, on January 10. Candidates can access the calendar from trb.tn.gov.in

Mahindra World City signs deal with Tamil Nadu to invest Rs 1,000 cr

Real estate and infrastructure company says agreement will lead to jobs for more than 2,000 people

Tamil Nadu BJP chief Annamalai booked for promoting 'religious enmity'

Annamalai, during his rally, attempted to garland the statue of Mary in St Lourdes Church in Paapireddipatti

In China+1 plan, Chennai right fit for non-leather footwear majors

Several suppliers of non-leather footwear players like Nike, Adidas, Puma, and Reebok have either set up their units in Tamil Nadu or are close to sealing a deal

Sundram Fasteners signs deal with Tamil Nadu for Rs 1,411 crore investment

The planned investment spans up to 2027-2028 and will be used for capacity expansion of existing products, including components for electric vehicles

500 influencers to undertake route tracing Lord Ram's return to Ayodhya

More than 500 social media influencers are set to undertake a month-long 4,500-km yatra tracing the route taken by Lord Ram to return to his kingdom in Ayodhya from Tamil Nadu's Rameshwaram after his exile. According to organisers of the Ramotsav Yatra, it will cover five states -- Tamil Nadu, Karnataka, Maharashtra, Madhya Pradesh and Uttar Pradesh. Apurva Singh, who is part of the Ramotsav Yatra team, told PTI on Tuesday that the month-long yatra will start from Indore in Madhya Pradesh on January 14. "Over 500 influencers, Instagrammers, YouTubers, bloggers, sports and Bollywood celebrities will participate in the yatra," Malay Dixit, another key member of the organising team, told PTI. The event is being organised by the Ram Mahotsav Yatra Samiti formed by the All India Influencers Association, he said. This comes in the run-up to the consecration ceremony at the Ram temple in Ayodhya on January 22. "This journey of ours is not only didactic but also a celebration of the jour

Saint-Gobain plans to invest Rs 3,400 cr across segments in Tamil Nadu

Glassmaker and a player in housing solutions business Saint-Gobain India has committed investments worth Rs 3,400 crore in Tamil Nadu across business segments, which includes setting up of green and brownfield investments. The company exchanged documents with state government officials in the presence of Chief Minister M K Stalin during the Global Investors Meet held in the city. "We are investing Rs 3,400 crore across different businesses - glass wool, gypsum, plasterboard, plaster, acoustic ceiling, float glass, adhesives, sealants, in our next phase of expansion in Tamil Nadu," said B Santhanam CEO, Asia Pacific and India Region and Chairman, Saint-Gobain India. The Memorandum of Understanding entails green and brownfield investments in several manufacturing sectors in Tamil Nadu, taking Saint-Gobain India's total investment to over Rs 8,000 crore, a company statement said on Tuesday. "As trailblazers in Light and Sustainable construction, we are well poised to provide building

Jindal Advanced Materials commits Rs 1,000 cr investment in Tamil Nadu

Composite materials manufacturer Jindal Advanced Materials has pledged an investment of about Rs 1,000 crore to set up a plant in Tamil Nadu, its first in south India. As part of the Memorandum of Understanding (MoU) with the state government, it will set up a manufacturing plant over an area of 250 acres, the company said in a statement on Tuesday. Jindal Advanced Materials has signed an MoU with the Tamil Nadu government to set up a new manufacturing plant at a strategic investment of nearly Rs 1,000 crore, the statement said, adding that the investment will be spread across seven years. The project, which will come up in Trichy, is the company's first manufacturing facility in south India and is expected to generate up to 3,000 job opportunities, it said. "This MoU is instrumental in elevating our customer service experience in the South. Tamil Nadu's robust infrastructure, Trichy's proximity to the port for enhanced trade opportunities, and the existing ecosystem in infrastruct

Bharat Forge to invest Rs 1,000 cr in Tamil Nadu to enhance production

Auto components major Bharat Forge on Tuesday said it has inked an MoU with the Tamil Nadu government to invest Rs 1,000 crore over a period of five years to expand manufacturing footprint in the state. The company has entered into a memorandum of understanding (MoU) with Guidance, the nodal agency of the state government as part of the Tamil Nadu Global Investors Meet 2024, it said in a regulatory filing. The MoU is non binding and at present does not have a material impact on operations of the company, it added. Bharat Forge shares were trading 1.09 per cent up at Rs 1,271.10 apiece on BSE.

About 80% of buses operational during Tamil Nadu transport unions strike

About 80 percent of buses in Tamil Nadu were being operated on Tuesday amid the strike call given by various transport unions, including those affiliated to the CPI(M) and AIADMK, officials said. The state government buses were operated in several parts including Chennai, Madurai, Coimbatore and Kanyakumari districts, benefiting the commuters, they said. In Chennai, the Metropolitan Transport Corporation (MTC) authorities ensured the buses were operated as usual and that the strike did not impact the public much, a senior official said. "The MTC buses were being operated as scheduled from 6 am and the public are requested not to panic," a senior transport official said. "About 80 percent" of the buses were being run in the state, he said without divulging further details. The trade unions had announced the strike demanding implementation of "6 point charter of demands." It includes initiation of talks for enhanced wages (15th wage revision pact), filling vacant posts, and release o

Global investors meet: Godrej Consumer to invest Rs 500 cr in Tamil Nadu

The company which already has a strong market share in the state aims to set up a multi-category factory

Tata Power, Adani lead Rs 6.64 trn funding plans at TN Investor Meet

Among the investors, Tata Power ranked on the top by signing deals to invest Rs 70,000 crore to come up with 10 gigawatt (GW) solar and wind units in Tamil Nadu over a period of five to seven years

VinFast's India entry: Tamil Nadu plant may start EV production by 2026

The money for the plant will come from the planned optimisation of its capital expenditure in 2024 and 2025, which will help save over $400 million of cash

Adani Group commits Rs 42,700 cr investment in Tamil Nadu across sectors

Diversified conglomerate Adani Group has committed investments to the tune of Rs 42,700 crore in Tamil Nadu across various sectors on the second day of the Global Investors Meet 2024 held here on Monday. At the valedicatory session of the event organised by the ruling DMK government, memorandum of understandings between the Adani Group and the state government were signed in the presence of Chief Minister M K Stalin, Minister for Industries TRB Rajaa, Adani Ports and Special Economic Zone, Managing Director, Karan Adani. The investments by Adani Group is one of the big ticket projects bagged by the state government. The biggest investment of Rs 24,500 crore (of the total Rs 42,700 crore) would be made by Adani Green Energy Ltd in three pump storage projects in the next five to seven years, Adani Group said in a company statement. Besides, Adani ConneX, the hyperscale data centre provider of the Group, would pump in Rs 13,200 crore for setting up a data centre while Ambuja Cements (

Sunsure Energy commits Rs 3,150 cr investment in Tamil Nadu over 3 years

Sunsure Energy has pledged an investment of Rs 3,150 crore in renewable energy projects in Tamil Nadu in the next three years. As part of the memorandum of understanding with the state government, it will set up four renewable energy projects with a combined capacity of 500 Megawatt (MW), the company said in a statement on Monday. "Sunsure Energy signs MoU with Tamil Nadu for Rs 3,150 crore investment in the state's renewable energy capacity over the next 3 years. The agreement is aimed at bolstering Tamil Nadu's renewable energy capacity through four greenfield projects with a combined capacity of 500 MW," it said. The projects will be set up at various locations, including Tuticorin & Tirunelveli, Theni, and Tiruchirappalli, the company said. The projects have the potential to create more than 1,200 jobs in the state. The company intends to develop three solar power plants with capacities of 100 MW each and a wind power plant with capacities of 200 MW strategically positioned ..

Welspun One inks pact with Tamil Nadu govt, proposes Rs 2,000 cr investment

Welspun One on Monday said it has inked an initial pact with the Tamil Nadu government for a proposed Rs 2,000-crore investment in the state over the next five years. This comes on the back of a similar initial pact for Rs 2,500 crore investment proposal signed with the state government in 2021. The second pact signed at the Tamil Nadu Global Investors' Meet 2024, outlines Welspun One's commitment to drive the proposed development of industrial and logistics parks with an estimated investment outlay of Rs 2,000 crore over the next five years, Welspun One said in a statement. This initiative is expected to generate direct employment opportunities for 5,000 people and contribute to the development of ancillary industries, creating indirect employment opportunities for 10,000 people, it added. "Welspun One's ongoing commitment to invest in Tamil Nadu reflects a collaborative spirit and a common resolve to meet all mutually agreed obligations, guided by the facilitation of Guidance, th