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Services sector once again gained centre stage in the investment sphere, after being overshadowed by the Manufacturing sector in July and August 2008. Fresh investment intentions announced in September 2008 more than doubled in this sector on month-on-month basis. As against 778 projects worth Rs.15,058 crore announced in August 2008, 1,108 projects entailing a total investment of Rs.31,148 crore were announced in September 2008. The Services sector saw announcement of 22 new hotels and 16 new hospitals, of which, LULU International Shopping Mall's 5-star hotel-cumcommercial complex comprising of 300 rooms and 7 screen multiplex, was the largest proposal.
Compared with statistics for August, the Power sector showed a 52 per cent increase in investments, with seven large coal based power projects being announced in September. Of these, DB Power made public its plans to set up a 1,350 MW coal based power unit at Singroli in Madhya Pradesh, with an investment of Rs.6,000 crore. The Karnataka Power Corporation also announced plans to set up a pithead coal based power unit (Phase-I) with a capacity of 1,200 MW (2 x 600 MW) in Janjgir, Chhattisgarh, with a capex of Rs.6,000 crore.
In September 2008, ProjectsToday monitored 1,353 new projects entailing a total investment of approximately Rs.79,626 crore, as against 1,055 new projects worth Rs.47,312 crore announced in August 2008.
The month also saw Sanghi Energy announcing the following projects:
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A 405 MW (135 MW x 3) coal based power unit in Satna, Madhya Pradesh
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A 7 million tpa cement unit in Katni, Madhya Pradesh, entailing an investment of Rs.2,100 crore
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A 1.5 million tpa finished steel unit in Katni.
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During the month, 10 new projects with an aggregate capacity of 13.44 million tpa were announced in the Cement sector. Apart from Sanghi Energy's Katni project - which was the largest in the sector - following are major announcements within the sector:
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Aryan Ispat & Power's 2.5 million tpa cement unit at Kyotara in Chhattisgarh, entailing an investment of Rs.750 crore
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Rain Commodities' 1.33 million tpa cement unit in Adilabad, Andhra Pradesh, entailing an investment of Rs.500 crore
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Eco Cement's 1 million tpa cement plant each at Jajpur in Orissa and at Saraikela Kharsawan in Jharkhand, entailing an investment of Rs.300 crore.
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The Rs.3,500 crore alumina extraction project announced by Ashapura Minechem saw major investment in the Manufacturing sector. The second largest project in Manufacturing sector was announced by Chennai Petroleum Corporation, which plans to set up a resid unit to improve the distillates yield and refinery margins in Chennai, with an investment of Rs.3,500 crore. In the Construction sector, around 132 new commercial complexes and shopping malls were announced across India. The Rs.1,700 crore township project christened as Active Senior Lifestyle Township announced by CHD Developer at Karnal in Haryana, Rishikesh in Uttarakhand, Mathura in Uttar Pradesh and Neemrana in Rajasthan, were the largest announcements in the Real Estate sector. In addition, ProjectsToday also collected information on 360 smaller value Real Estate investment projects during the month.
Major MoUs signed during the month: Major MoUs signed during the month: On 06 September 2008, Nest Group signed an MoU with EPV Solar, a US-based company, to set up a silicon panels unit at the Electronic Hardware Park, which is being established by NeST Hi-Tek Park in association with Kerala Industrial Infrastructure Development Corporation, in Kochi, Kerala. On 08 September 2008, Nissan Motors India signed an MoU with the Tamil Nadu government for setting up a manufacturing facility of lightrange vehicles, with a capacity to manufacture 1.90 lakh vehicles per annum and a heavy vehicle factory with a capacity to manufacture 1 lakh vehicles per year at Ennore in Chennai and Hosur in Tamil Nadu, respectively.
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