Stalin inaugurates Tata Motors' Rs 9,000 cr manufacturing plant
ECONOMY & POLICY

Stalin inaugurates Tata Motors' Rs 9,000 cr manufacturing plant

Tamil Nadu Chief Minister M.K. Stalin laid the foundation stone for Tata Motors' new manufacturing facility, marking an investment of Rs9,000 crore. The groundbreaking ceremony took place in Panapakkam, about 115 km from Chennai, and is expected to create 5,000 new jobs.

The event was attended by senior DMK Ministers Durai Murugan and T.R.B. Rajaa, Chief Secretary N. Muruganandam, and Tata Sons Chairman N. Chandrasekaran.

Stalin expressed his enthusiasm for Tata Motors' decision to establish the facility in Tamil Nadu, stating, "Tamil Nadu is the first investment destination not only for large companies in India but also for multinational corporations. We are proud to have Chandrasekaran at this event; he is a source of pride for the state."

In March, Tata Motors signed a memorandum of understanding with the government to set up the factory.

Tamil Nadu Chief Minister M.K. Stalin laid the foundation stone for Tata Motors' new manufacturing facility, marking an investment of Rs9,000 crore. The groundbreaking ceremony took place in Panapakkam, about 115 km from Chennai, and is expected to create 5,000 new jobs. The event was attended by senior DMK Ministers Durai Murugan and T.R.B. Rajaa, Chief Secretary N. Muruganandam, and Tata Sons Chairman N. Chandrasekaran. Stalin expressed his enthusiasm for Tata Motors' decision to establish the facility in Tamil Nadu, stating, Tamil Nadu is the first investment destination not only for large companies in India but also for multinational corporations. We are proud to have Chandrasekaran at this event; he is a source of pride for the state. In March, Tata Motors signed a memorandum of understanding with the government to set up the factory.

Next Story
Infrastructure Urban

Aditya Birla Group Acquires Cargill Chemical Plant in Georgia, US

Aditya Birla Group has acquired Cargill Incorporated’s speciality chemical manufacturing facility in Dalton, Georgia, marking a significant expansion of its US Advanced Materials business. The 17-acre plant acquisition was announced on Thursday and is part of the group’s broader growth strategy in the US manufacturing sector, where it has invested over USD 15 billion to date.The deal was executed through Aditya Birla Chemicals (USA) Inc., a wholly owned subsidiary of Aditya Birla Chemicals (Thailand) Ltd. Kumar Mangalam Birla, Chairman of Aditya Birla Group, stated, “This acquisition rep..

Next Story
Building Material

JK Cement Acquires 60 Per Cent Stake in Saifco Cements for Rs 1.5 Bn

JK Cement has announced the successful acquisition of a 60 per cent equity stake in Saifco Cements Private Limited, marking a strategic step to strengthen its presence in the Union Territory of Jammu & Kashmir. Valued at Rs 150 crore, the deal aligns with JK Cement’s long-term strategy to enhance operations and deepen market penetration across North India.The acquisition involved purchasing shares from existing promoters along with fresh equity issued by Saifco. Following this transaction, Saifco has become a subsidiary of JK Cement, which will take over management control with immediate..

Next Story
Infrastructure Energy

Shree Cement Sources Over 60 Per Cent Power From Renewables

Shree Cement has reached a significant sustainability milestone by sourcing over 60 per cent of its total power needs from renewable energy. With its renewable capacity now expanded to 582 MW, the company is setting new standards in environmentally friendly cement manufacturing.A recent highlight is the commissioning of a 60.3 MW solar power plant in Jodhpur, further strengthening Shree Cement’s commitment to clean energy. The company is aggressively investing in solar, wind, and waste heat recovery technologies across its production units as part of a climate-resilient strategy aimed at red..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?