Fresh Investments declined in August
Fresh
investment proposals announced in August 2008 indicated a fall of 30.7 per
cent when compared with July 2008
figures. As against 1,067 new projects worth Rs.68,260 crore announced in July
2008, about 1055 projects worth Rs.47,312 crore were announced in August 2008.
Of the major sectors a small increase in investment activities was observed
only in the services sector. Both Manufacturing and Power sectors witnessed
around 50 per cent declines in fresh investment announcements.
The
construction major, Jaypee group announced Rs.6,500 crore capex plans in August
2008. Jaiprakash Associates, a group company, signed an MoU with the Madhya
Pradesh state government to set up two cement units with 5 million tpa capacity
each in the state. The company has set
aside Rs.2,000 crore for this venture. Apart from cement, the company has also
expressed its intentions to set up a 2 lakh tpa Alumina unit along with 1 lakh
tpa aluminium unit and a 200 MW thermal based power unit in Rewa district of
Madhya Pradesh at an investment of Rs.3,500 crore. An independent coal based
power project of 500 MW at Bina in Sagar district of the state is also a part
of its capex plans.
When compared
with July 2008 figures power sector received considerably less fresh investment
proposals. As against 42 new power projects worth Rs.23,617 crore announced in
July 2008 only 24 new projects worth Rs.11,155 crore were announced.
Of this,
only five were of large size. These projects are:
-
Lanco
Babandh Power is setting up 2,640 MW (4x660 MW) coal fired thermal power
station at Khurunti village in Dhenkanal district of Orissa
- Adhunik
Thermal & Power plans to set up 1,170 MW coal based power project at Ramchandrapur
in Saraikela Kharsawan district of Jharkhand with an investment of Rs.5,000
crore
- Lanco
Amarkantak Power plans to expand Pathadi coal power station from 600 MW (2 x
300 MW) to 1,920 MW (2 x 660 MW) in Korba district of Chhattisgarh
- MSP
Steel & Power’s 1,000 MW coal based power unit in Madhya Pradesh.
- Jaiprakash
Associates plans to set up a 500 MW coal based power unit at Bina in Sagar
district of Madhya Pradesh.
Announcement
of new cement projects continued in the month of August 2008. In all 20 new
projects with an aggregate capacity of 13.3 million tpa were announced. Among
the ten new projects two were of large size. The 5 million tpa project of
Jaiprakash Associates and the 4 million tpa of ABG Cement.
Though the
Iron & Steel sector received 44 new proposals in August, in terms of
committed investment at Rs.4,023 crore against Rs.19,210 crore investment
commitments received in July 2008. Further, of the 44 projects only two were of
large size. The first large project was by Bharat Forge plans to set up a
forgings unit with a capacity of 15,000 tpa either at Visakhapatnam or in Gujarat
involving an investment of Rs.1,200 crore and the second one was by Harshit
Iron & Steel plans to set up five stainless steel plants with a capacity of
1.50 lakh tpa each at Orissa, Karnataka, West Bengal, Jharkhand and
Chhattisgarh with an investment of Rs.500 crore.
In the Construction
sector, around 78 new commercial complexes and shopping malls were announced
across India. In addition, ProjectsToday also
collected information on 220 Real Estate projects.
Aeren R
Enterprises announced the most ambitious project of the month. The company
proposes to set up:
- An integrated township
'International City' on 7.6 million square feet of land at G T Road in
Amritsar
- Residential complexes on 12
acres of land in Ludhiana
-
Township
'International City' in Ludhiana which will spread over 175 acres of
land with 9 hole golf course
- An integrated township 'Queens Court' on 9.65 lakh square feet of
land at Ferozepur Road in Ludhiana
- A business-cum-shopping complex
'Central Business City' and commercial complex 'Highway Mall' at G T Road
in Ludhiana
In the
Services sector 19 new hotels and 17 new hospitals were announced. Of these,
Emaar MGF’s Hotel-cum-Shopping Mall in Lucknow comprises 5-Star hotel with 350
rooms and 5 screen multiplex was the largest investment proposal.
ProjectsToday
also collected information of ten SEZs:
- ETA Star Property Developers’
IT SEZ in Coimbatore district of Tamil Nadu.
- Ansal Properties & Infrastructure’s
two IT SEZs at Raigarh in Maharashtra and at Lucknow in Uttar Pradesh.
- HDIL’s two Multi Product SEZs
at Vasai and Virar in Thane district of Maharashtra.
- NSL SEZ Chennai’s SEZ in Tamil
Nadu.
- MIDC’s two SEZs at Chindra in Aurangabad and at Shrirampur in
Ahmadnagar district of Maharashtra.
- Infosys Technologies’ Pocharam
SEZ in Hyderabad district of Andhra Pradesh.
- MMTC’s gems and jewellery and
agro products SEZs in India.
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