Tamil Nadu Clears Rs 441.25 bn Projects, Including Three Renewable Policies

14 Aug 2024 CW Team

The Tamil Nadu Cabinet approved 15 investment proposals totalling Rs 441.25 billion, which are anticipated to create over 24,700 jobs in the state. During the 16th cabinet meeting, chaired by Chief Minister MK Stalin at the secretariat, the cabinet also approved three renewable energy policies as part of an initiative to achieve a power generation target of 20,000 MW by 2030. Finance Minister Thangam Thennarasu provided this update.

After the meeting, Thennarasu announced that on August 17, the Chief Minister would inaugurate an industrial housing facility, the first of its kind in India, for 18,720 employees of Foxconn. This facility, constructed at an estimated cost of Rs 7.06 billion, is located at the SIPCOT Vallam Vadagal industrial estate in Sriperumbudur, Kancheepuram district. The cabinet approved projects spanning various sectors, including electronics, food processing, motor vehicles, and battery manufacturing.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..