Though the number of startups increased in
September as compared to August statistics,
investment intented therein declined by 26 per
cent. Absence of high ticket projects pulled down
the aggregate investment figures for September
2009. As against eight mega projects (investment of
Rs 1,000 crore or more) announced in August 2009
only four were announced in the current month.
The Electricity sector which attracted 51 new
projects and accounted for around 62 per cent of
the fresh investment announced in August 2009,
saw announcement of another 42 projects and
accounted for around half of the fresh investment
witnessed in September 2009. Of the 42 projects,
the most ambitious one was of JSW Energy. The
company intends to set up a 1,620 MW coal based
power unit at Baranda in Ranchi district of
Jharkhand with an investment of Rs 7,938 crore.
The second largest power project of the month was
announced by the Karnataka Power Corporation,
which plans to develop a 2,100 MW gas based
combined cycle power unit at Tadadi port in Uttara
Kannada district.
Three projects of identical capacities (1,320 MW)
were announced by Sahara India Power
Corporation, Banswara Thermal Power Company, a
wholly subsidiary of Rajasthan Rajya Vidyut
Prasaran Nigam, and Sudama Mahavir Power.
During the month, the Uttar Pradesh Power
Corporation invited request for proposals for the
development of the following thermal power
projects in the state:
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4,000 MW at Bargadh in Chitrakut district
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1,320 MW at Chola in Bulandshahr district
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1,320 MW at Dohrighat in Mau district
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1,980 MW in Farrukhabad district
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1,320 MW at Sandila in Hardoi district
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In the recent past the Manufacturing sector had
seen large size cement and steel projects being
announced. Though the trends continued in
September, there were not many large size projects.
As a result, the total envisaged investment declined
by 22 per cent on month-over-month basis.
Some of
the notable projects announced in September were
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Kasturi Cement's five million tpa cement plant
along with 15 MW coal based captive power
unit at Tilda in Raipur district of Chhattisagrh.
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Pidilite Industries' synthetic elastomer unit with a capacity of 50,000 tpa at Dahej in Bharuch
district of Gujarat, with an investment of Rs 550
crore.
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National Paints Factories (India)'s paints unit
with a capacity of two lakh litres per day at
Kochi in Kerala, entailing an investment of Rs
500 crore.
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MSP Steel & Power's integrated steel unit at
Govindpur, Keonshar Sadar in Keonjhar district
of Orissa.
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In the Services & Utilities sector, 350 Roadways, 10
Railways, 60 Water Supply Schemes and 75 Other
Community Services (hostels, school buildings etc.)
were announced during the month. Pipavav
Shipyard, which made an IPO in September 2009,
announced its plans to set up a shipyard at Pipavav
in Amreli district of Gujarat with an investment of Rs
2,603 crore.
Another large size project announced in this sector
was by Western Railways for laying GC line
connecting Ahmedabad-Himmatnagar-Udaipur at
an investment of Rs 742.88 crore.
The Construction sector witnessed 28 new
Commercial Complexes including Shopping Malls,
14 Hotels and 10 Hospitals. Of the 10 Hospitals,
Aadhar Group's Hospital project in joint venture
with DM Healthcare with a capacity of 250 beds in
Kolhapur district of Maharashtra, was a notable one
and the 'Lemon Tree' hotel in Delhi by Krizm with
540 rooms was the largest hotel project of the
month.
Rivaj Infratech's (a subsidiary of Omaxe) hi-tech
township in Bulandshahar district of Uttar Pradesh
was the largest Real Estate project announced in
September. The project spread over 3,601.19 acres
of land will be implemented in phases.
During the month two new SEZs were announced
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Suzlon Infrastructure's hi-tech engineering
components SEZ in Bangalore, will spread over
680 acres of land.
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RNB Infrastructure's textile SEZ in Coimbatore
district of Tamil Nadu.
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The mining sector saw announcement of nine
projects, of this the largest project was Ind Synergy's
two million tpa iron ore mining project at Hahaladdi
village in Kanker district of Chhattisgarh. |