Tamil Nadu signs MoU worth 1.4 trillion

07 Jul 2022 CW Team

By signing MoUs with 60 enterprises, laying foundation stones, and inaugurating new projects, Tamil Nadu has secured investments totaling Rs 1.44 trillion.

It's envisaged that the projects will generate 74,898 jobs. A Rs 52,000 crore green hydrogen and ammonia facility by ACME Green Hydrogen in Thoothukudi, a Rs 3,000 crore 4-gigawatt (GW) cell and 4 GW solar module manufacturing unit by Tata Power, a Rs 3,000 crore lithium ion cell unit by Lucas TVS, and a Rs 2,000 crore chemicals and ceramic tile manufacturing facility by Aravind Ceramics are some of the major investment agreements.

A total of 21 projects with a total investment commitment of Rs 22,252 crore and employment potential for roughly 17,654 people were also officially launched by Chief Minister M K Stalin. This includes an IT and data centre unit by L&T at Rs 3,500 crore, a data centre by Sify Technologies worth Rs 2,500 crore, a data centre by CtrlS worth Rs 1,448 crore, and a garment unit by Jay Jay Mills worth over Rs 500 crore. Of the 60 MoUs that were signed, 53 were facilitation agreements with a potential investment of Rs 65,373 crore and 58,478 job creations.

Images Source: Google Images

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

Infrastructure Urban

25 Jun 2026

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

Infrastructure Energy

25 Jun 2026

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..