MoUs for projects in TN worth Rs 24,248 cr signed

16 Dec 2020 Editorial Team

In a recent development, the Tamil Nadu state signed memorandums of understanding (MoUs) for as many as 24 projects estimating a total amount worth Rs 24,428 crore, a move that is a promising reflection of the state’s ability to attract investments from various companies. The project inaugurations and the foundation stones of these developments have already been laid down. The State government said that these projects are expected to give rise to about 54,218 employment opportunities.

At a function that was presided over by Edapaddi K Palaniswami, Hon’ble Chief Minister of Tamil Nadu, the state government signed 18 memorandums of understanding with different organizations to finalize an investment amount of approximately Rs 19,955 crore. This phase of investment is estimated to create 26,509 job opportunities. For the remaining investment amount of Rs 4503 crore that is expected to generate potential 27,709 jobs, project inaugurations have been executed and the requisite foundation stones laid down.

The signed MoUs include a manufacturing plant at Kanchipuram’s Vedal village that is to be set up by Voltas, an electric two-wheeler manufacturing unit that will be set up by Ola, and a solar module manufacturing unit that will be established by First Solar of the United States, among others.

Also read: Tamil Nadu Cabinet approves projects worth over Rs 200 billion

Image Source

Infrastructure Transport

18 Dec 2025

RVNL secures Rs 1.65 billion railway bridge project from North Eastern Railway

Rail Vikas Nigam (RVNL) has received a Letter of Award (LoA) from North Eastern Railway for a Rs 1.65 billion railway infrastructure project, strengthening its order book and showcasing its expertise in complex railway construction.The project involves constructing the substructure of a major railway bridge over the Gandak River, located between Paniyahwa and Valmikinagar stations. This is part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section, aimed at improving line capacity and operational efficiency.The bridge will feature 14 spans of 61 metres each, built on double D-t..

Raebareli’s Modern Coach Factory rolls out 15,000th railway coach

The Modern Coach Factory (MCF) at Raebareli in Uttar Pradesh has achieved a major manufacturing milestone with the rollout of its 15,000th railway coach on December 15, the Ministry of Railways said.In a press note, the ministry said that MCF has already produced 1,310 coaches in the current financial year 2025–26, reflecting sustained high output at one of Indian Railways’ most advanced passenger coach manufacturing units.Established in 2007 at Lalganj in Raebareli district, MCF was built at a cost of Rs 31.92 billion with an initial annual production capacity of 1,000 coaches. The factor..

RailTel wins Rs 260.88 million IT infrastructure order from VOC Port

Navratna public sector undertaking RailTel Corporation of India has secured an IT infrastructure order worth Rs 260.88 million from V.O. Chidambaranar Port Authority (VOC Port), strengthening its presence in port-led digital transformation projects.According to an exchange filing dated December 16, 2025, RailTel has received a Letter of Acceptance (LoA) from VOC Port Authority for the implementation of advanced IT infrastructure at the port. The project is domestic in nature and is scheduled to be completed by August 15, 2026.The company said the order has been awarded in the normal course of ..