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L&T's industrial electronics arm partners EVR Motors to manufacture EV traction motors in India
The partnership combines LTEPS’ engineering, systems integration and manufacturing capabilities with EVR Motors’ traction motor technology. The traction motors are proposed to be manufactured at LTEPS’ facility in Coimbatore, Tamil Nadu.
Vodafone Idea to buy 26% in renewable energy unit for captive power utilisation
Vodafone Idea will invest ₹4.33 crore to acquire a 26% stake in MTK Quantum Green Energy as part of its strategy to source renewable energy for captive consumption. The green energy SPV is setting up a solar power plant in Tamil Nadu.
PepsiCo to invest Rs 5,700 crore in India by 2030
PepsiCo plans a significant Rs 5,700 crore investment in India by 2030. This expansion will boost manufacturing capacity through new and existing projects. The focus will be on the snacks business, with new facilities in Madhya Pradesh, Assam, and Tamil Nadu. This investment highlights India's strong growth potential for packaged foods and beverages.
Tamil Nadu election results impact: Why have Sun TV Network shares crashed over 9% today?
Sun TV, part of the Sun Group, is led by Indian billionaire media proprietor Kalanithi Maran — who is closely related to DMK leaders. Maran is the grandnephew of DMK president M Karunanidhi and nephew of the current chief minister MK Stalin.
AERB clears equipment installation at Tamil Nadu's Kudankulam Nuclear Power Project Units 5 and 6
A significant milestone has been achieved at the Kudankulam Nuclear Power Project. The Atomic Energy Regulatory Board has approved the erection of major equipment for Units 5 and 6. This development brings India's nuclear energy program closer to expanding its clean and reliable power generation capacity. The approval follows extensive safety reviews, ensuring compliance with national and international standards.
Sowparnika Projects in talks to raise Rs 500 cr for expansion
Sowparnika Projects is in advanced talks to raise ₹500 crore from investors including WSB Real Estate Partners, ASK Fund Advisors, and HDFC Capital to fund its expansion across South India. The company plans to develop 5.5 million sq ft in Bengaluru, Kerala, and Tamil Nadu over the next two years and aims to nearly double its revenue to ₹1,500 crore by FY27.
Ola Electric plans Rs 2,000 cr fundraise for battery arm
Ola Electric is raising up to Rs 2,000 crore by selling a stake in its battery unit, Ola Cell Technologies. This move aims to strengthen its finances and restructure operations. The company's battery plant in Tamil Nadu is set to expand its capacity. This development is crucial for India's domestic EV supply chain and energy storage solutions.
KNR Constructions arm inks concession pact for four-lane elevated corridor in Tamil Nadu
KNR Constructions’ wholly owned arm has signed a concession agreement with Tamil Nadu State Highways Authority for a four-lane elevated corridor on East Coast Road under the Hybrid Annuity Mode.
RPP Infra spurts on baggng Rs 206-cr contract from Sports Development Authority of Tamil Nadu
RPP Infra Projects surged 6.30% to Rs 83 after it has secured a domestic contract worth Rs 205.89 crore from the Sports Development Authority of Tamil Nadu for the establishment of the Global Sports City in Chennai.