Total expenses stood at Rs 1,317.44 crore as against Rs 1,201.51 crore in the corresponding quarter.
The present MOU is for a duration of four years from April 1, 2018 to March 1, 2022. It provides for an increase of Rs 5,000 per month in the Gross Pay of cement employees.
The second edition of GIM has overtaken commitments recorded in the first edition as the amount pegged at the 2015 summit totaled Rs 2.42 lakh crore.
The investment is expected to add 1,500 jobs at the facility and increase production capacity to 8 lakh units from 7 lakh units, said Dutta.
In last year’s annual budget, Finance Minister Arun Jaitley announced that a special industrial corridor will be developed in Tamil Nadu for aerospace and defense manufacturers to set up factories.
The 55-year-old TVS Group company will use the e-two-wheeler project as an evaluation opportunity for further production of electric motors for two-wheelers.
The investment also includes an exclusive electric vehicle incentive package for the company
The CoE according to a Tamil Nadu government order will be set up at an outlay of Rs 23 crores.
The company however said that the exact timing of the exit of the sites is yet to be determined.
The interim stay will be in place until the centre notifies statutory rules for online trade of medicines.
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