The
Rs.12,000 crore six million tpa integrated steel projects announced by Bhushan
Steel in July 2008 saw total envisaged investment in the manufacturing sector
surging up by 67 per cent when compared against the June 2008 figures. The
second largest project in the manufacturing sector was announced by Daimler
Hero Commercial Vehicles, a joint venture between Daimler AG and the Hero
Group, which plans to set up a Rs. 3,000 crore truck unit with an annual
capacity to produce 70,000 vehicles at the SIPCOT Industrial Park, in Chennai.
In July 2008, ProjectsToday monitored 1,067 new projects
involving total investment of Rs.68,260 crore. Compared with June statistics it
indicates a steep fall of 31 per cent. Slowdown witnessed in both the power and
the services sector led to the decline in the overall investment in projects.
After two months of decline, the manufacturing sector
registered positive growth in July 2008. 224 projects entailing a total
investment of Rs.32,292 crore in the manufacturing sector accounted for nearly
47 per cent of the total fresh investment announced in July 2008. Within the
manufacturing sector, steel, cement and automobiles sectors saw increased
investment activities.
Announcement
of new cement projects with more than a million capacity was seen in July month
also. In the last four months since April 2008, around 50 new cement projects
have been announced. Of this 18, with an aggregate cement manufacturing capacity
of around 17 million tpa were announced in July 2008. Among these, J K Cement’s
2.7 million tpa cement unit with an investment of Rs.800 crore in Chhattisgarh was
the largest. Cement major, Lafarge India unveiled its plans to set up 1.32
million tpa cement clinkers in Chhattisgarh, Karnataka, Meghalaya and Rajasthan.
Lafarge is also expanding its cement grinding capacity from 3 million tpa to
4.40 million tpa in Jharkhand.
In
the paper & paper products sector, five projects were announced with a
total investment of Rs.1,107 crore. Of which, Century Pulp & Paper’s 500
tpd multilayer packaging boards unit along with 43 MW coal based power unit at
Lalkua, Uttarakhand was the largest project.
In
the power sector, 18 coal-based power projects were announced with total
investment of Rs.22,945 crore. Of the projects, large ones belonged to Ispat
Industries, OTPCL and Jewargi Power.
Ispat
Industries plans to set up a 1,980 MW (330 MW x 6) coal based power unit at
Govindpur-Kara, Khunti in Ranchi , Jharkhand with an investment of
Rs.8,000 crore. Orissa Thermal Power Corporation (OTPCL), a joint venture
between Orissa Hydro Power Corporation and Orissa Mining Corporation plans to
set up a 2,000 MW coal based power unit in Angul district of Orissa and Jewargi
Power has earmarked Rs.6,700 crore plans
to set up a 1,320 MW coal based power unit at Gulbarga in Karnataka.
In
July 2008, the Tata Group companies were announced following projects:
-
Tata Power Company plans to set up two wind based power units each
with a capacity of 50.4 MW in Jamnagar ,Gujarat and in Gadag ,Karnataka
- Tata
Steel plans to set up a 1,270 MW coal based power unit at Naraj, Marthapur in Cuttack district of Orissa on PPP basis.
-
Tata
Steel in joint venture with Hindalco Industries and Tubed Coal Mining plans to
set up a 500 MW coal-based power unit in Jharkhand.
In
the construction sector, around 66 new commercial complexes and shopping malls
were announced across India. In addition, ProjectsToday also
collected information on 273 Real Estate projects, which were at various stages
of development. Though most of the 273 real estate projects were of smaller
size, the Rs.1,000 crore Commercial complex 'DLF Town Square Mall' of DLF India was the largest. The Noida mall
spread over 14.2 acre will have a building of G+4 floors with 300-350 shops and
6 screen multiplex with 1,300 seats. DLF also plans to set up two residential
complexes -- 'New Town Heights' and 'Park Place' in Gurgaon,
Haryana.
In
the services sector, during July 2008, 22 new hotels and 32 new hospitals were
announced. Of these, Idea & RNP Associates’ 'Taj Bengal' hotel in Kolkata
comprising of 300 rooms was the largest investment proposal. |