SKF India Plans Rs 14.6 Billion Capex by 2030
SKF India is set to invest between Rs 12.1 billion and Rs 14.6 billion by 2030 to enhance manufacturing capacity across its Haridwar, Pune, and Bangalore facilities in both industrial and automotive segments, according to a company investor presentation.In the industrial business, SKF has earmarked Rs 8.0–9.5 billion over the next five years. This includes Rs 3.5–4.5 billion for expanding its distribution channels to meet rising demand in India, and Rs 4.5–5.0 billion for establishing a new manufacturing facility in Pune by 2028.For the automotive segment, the company..
Kanpur Launches Rs 12.4 Billion Aero, Knowledge City Projects
The Kanpur Development Authority (KDA) has unveiled two landmark urban infrastructure projects—Aero City and Knowledge City—with a total investment of Rs 12.4 billion. These initiatives aim to drive economic growth, enhance urban planning, and offer integrated residential and commercial spaces in the city.Aero City, a Rs 3.6 billion project near Chakeri Airport, will be developed across 300 acres under a public–private partnership (PPP) model. Designed as an aerotropolis, the development will integrate air travel–linked urban infrastructure with commercial, residential, and eco..
AIIB Invests Rs 13 Billion in Aditya Birla Capital Bonds
The Asian Infrastructure Investment Bank (AIIB) has subscribed to non convertible debentures worth roughly Rs 13.0 billion issued by Aditya Birla Capital Ltd (ABCL). The privately placed, three year issue will finance lending to renewable energy and electric mobility projects across India.Proceeds will support solar, wind, geothermal, pumped storage and hydrogen generation schemes, as well as energy storage systems. Funds will also back the wider e mobility ecosystem, covering electric vehicle manufacture, battery production and charging infrastructure.As part of the transaction, AII..
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