 The upward swing seen in fresh projex (project investment) activities in November continued in the month of December 2011. As against 597 startups announced in November, ProjectsToday could identify 718 new projects in December. However, the total fresh investment outlay envisaged in December at Rs 15,868 crore was 45 per cent lower than such investment of Rs 28,820 crore seen in November 2011. Less number of mega projects and increase in the number of projects where project outlays were either not available or not finalized yet, dragged down the total fresh investment outlay figure of December vis-avis November 2011.
The Manufacturing sector, which with the aid of a Rs 12,000 crore refinery project in Andhra Pradesh had topped the sectorwise projex list in November, could not hold on to that position in December 2011.
Services & Utilities (Infrastructure) sector with 519 new projects with a combined projex of Rs 8,974 crore topped the table in December. The Manufacturing sector managed to attract 104 start ups entailing total investment of Rs 3,226 crore. While the Services & Utilities sector witnessed a positive growth of 48 per cent in investment M-o-M basis, the Manufacturing sector witnessed investment falling by 85 per cent. In the Hospital sector, the PWD, Maharashtra, announced its intention to set up six new hospitals at different cities of the state at a consolidated cost of Rs 43 crore. In the private sector, Apollo Hospitals intends to invest Rs 250 crore in its new projects in Chennai.
Among the other major sectors, the Mining & Electricity sectors too registered growth in December. Ten new projects taken up in the Mining sector with the investment of Rs 2,060 crore accounted for approximately 13 per cent of the overall fresh investment. The Electricity sector secured investment of Rs 1,365 crore across 59 new projects. India Power Corporation announced two coal based power projects, each with a capacity of 3,300 MW in Jharkhand & West Bengal. Dr. Ramakrishna Prasad Power plans a 120 MW coal based power project in the Ganjam district of Odisha. Work on the Rs 600 crore project is slated to commence by March 2012. Jaypee Meghalaya Power mulls 450 MW hydel power project in Meghalaya, for which it signed MoU with the state government. On the irrigation front, 26 new projects were announced during the month, having a total outlay of Rs 244 crore. Thirteen of this are planned in the state of Chhattisgarh.
Mega projex plans announced in December:
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ONGC's Rs 2,059 crore gas field development project in B- 127E-1 cluster marginal gas fields in east of Mumbai.
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NHAI's four laning project of Jalgaon-Maharashtra/Gujarat Border section. The 209 km long project will be executed at an estimated cost of Rs 1,974 crore.
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NHAI's Chutmalpur- Ganeshpur section road upgradation project at the cost of Rs 1,032 crore.
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TCS's Rs 600 crore Nagpur Software campus project.
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Fresh Investment By Major Sectors - Dec 2011 |
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Sectors |
Projects
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Cost (Rs Crore)
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Share (%)
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Manufacturing |
104
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3,226
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20.33
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Mining |
10
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2,060
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12.98
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Electricity |
59
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1,365
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8.60
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Services & Util |
519
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8,974
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56.55
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Irrigation |
26
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244
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1.54
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All Sectors |
718
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15,868
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100.00
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Among the states, Maharashtra was the most preferred destination. Around 142 new projects announced during the month will bring in around Rs 3,408 crore of fresh projex into the sectors. The state is followed by Gujarat, Uttar Pradesh, Andhra Pradesh, and Orissa in the investment chart.
On the ownership front, the government sector comprising state and central government investment topped the chart with a share of 54 per cent. Around 396 new projects announced by the government sector would see fresh projex of Rs 8,496 crore. Private sector announced 322 start ups with a planned investment of Rs 7,372 crore.
In December 2011, 17 projects were completed. Of which the Rs 580 crore Jaigad-Karad transmission line project was the largest. The Rs 500 crore, 2 million tpa cement capacity project of Chettinad Cement Corporation was the other mega project which commenced commercial operations during the month.
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