On Puja eve, Bengal gets ₹1.7k cr investment from Jindal, Ellenbarrie

Kolkata: It’s a double bonanza for Bengal ahead of Durga Puja. Kolkata-based Ellenbarrie Gases and Jindal India Ltd have announced over Rs 1,700 crore investment in the state in next two years. While Ellenbarrie, one of the oldest gas companies in India, would invest close to Rs 200 crore, Jindal India would invest over Rs 1,500 crore.Ellenbarrie Gases is also planning to tap the capital market with an IPO of over Rs 400 crore. A major portion of the proceeds would be utilised to expand its unit at Uluberia.. A 220 TPD (ton per day) air separation unit would be established. The total estimated cost is Rs 190 crore which comprises the acquisition of land on a leasehold basis and setting of the plant. A part of the investment would come from internal accruals.BC Jindal Group firm Jindal India is investing for a strategic capacity expansion of 0.6 million ton, a 60% increase from its current capacity of 1 million ton per annum. The new production lines will be established at the company’s manufacturing facility in Howrah’s Ranihati with equipment supplied by leading machinery providers like John Cockerill and Esmech Equipment (SMS Group). The company has said that the production from the newly added capacity, focusing on coated flat products, pipes and crash barriers, is scheduled to commence in FY25, with full completion expected by FY26. “The primary focus of this capacity expansion will be on adding new lines for coated flat products. This will enable Jindal India to increase production capacity for its existing products, expand its product portfolio to serve new segments such as solar and home appliances, and contribute to import substitution, reinforcing the company’s commitment to innovation and market growth,” a statement from the company said. Jindal India has two state-of-the-art factories located at Howrah. The company’s capabilities include advanced colour coating, galvanizing, and galvalume technologies.

Ellenbarrie Industrial Gases plans IPO to raise Rs 400cr in fresh issue and OFS

Kolkata-based Ellenbarrie Industrial Gases is planning an IPO with a fresh issue of up to Rs 400 crore and an offer for sale of up to 1.44 crore equity shares by promoter shareholders. The proceeds will be used for debt repayment, setting up a new air separation unit, and general corporate purposes.

Jindal forays into battery storage systems to achieve 5GWh by 2027

Jindal India Renewable Energy, part of the BC Jindal Group, is venturing into battery energy storage systems. The company plans to set up a 1 GWh battery pack assembly line by 2025 and a 5GWh battery cell manufacturing capacity by 2027. This investment aims to enhance grid stability and facilitate deeper integration of renewable energy sources.

BBMP to expand kennel capacity for enhanced ABC

BBMP plans to expand kennel capacity in Bengaluru to enhance Animal Birth Control treatments for stray dogs. The city currently has several kennels and will add 150 more. This initiative aims to sterilise about 10,000 stray dogs annually, tackling the rising population and ensuring humane treatment during the process.

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