Hydrogen unit

Green Energy projects dominated the capex landscape of India in February 2023. In all the month saw announcement of four such super mega projects (cost Rs 25,000 crore or more).

As per Projects Today, the month saw announcement of 924 new projects with investment commitment of Rs 4,23,976.64 crore. Thanks to the Rs 1,10,000 crore green hydrogen and green ammonia project of NTPC, the share of government sector in the total fresh investment increased to 51 percent from around 39 percent a year ago. The central government announced 277 projects with an investment of Rs 1,27,328.27 crore, while state governments announced 419 projects worth Rs 88,726.74 crore. The balance of 228 projects worth Rs 2,07,921.63 crore were by private companies.

Super Mega Projects: NTPC aims to set up mega green hydrogen and green ammonia projects at Pudimadaka, Anakapalli in Visakhapatnam district of Andhra Pradesh in two phases with equal investment of Rs 55,000 crore. The other two super mega projects were announced in Gujarat. Micron Semiconductors plans to set up a Rs 75,000 crore semiconductors project at Sanand in Ahmedabad district of Gujarat and Ocior Energy India intends to set up a Rs 40,000 crore green hydrogen project in Kachchh district of Gujarat.

The Manufacturing sector saw the announcement of 116 new projects with a total investment of Rs 2,72,150.30 crore. Within the Manufacturing sector, the Automobile sector attracted six mega projects with a total investment of Rs 14,940 crore. Renault India announced a joint venture with Nissan to set up a passenger car unit in Chennai, Tamil Nadu with an investment of Rs 5,300 crore. Mahindra & Mahindra plans to set up an electric vehicles manufacturing unit in Medak district of Telangana with an investment of Rs 1,000 crore. The Hong Kong-based Tauschen Groups of companies announced four mega projects in the Automobiles and lithium-ion battery sectors in Uttar Pradesh, entailing a total capex of Rs 9,840 crore.

In all, 116 new projects worth Rs 2,72,150.30 crore were announced in the Manufacturing sector in February 2023. The sector accounted for 64.19 percent of the total investment announced.

The Electricity sector attracted Rs 39,606.81 crore of fresh projex in the form of 27 new projects. New & Renewable Energy Development Corpn. of Andhra Pradesh (NREDCAP) announced four pumped storage hydel power projects with a total investment of Rs 16,788.17 crore in Andhra Pradesh.

In the Non-conventional Energy sector, Ecoren Energy India plans to set up a 1,000 MW solar power projects and 1,000 MW wind power projects at Sri Sathya Sai, Nandyala in Anantapur and Kurnool districts of Andhra Pradesh with a total investment of Rs 10,500 crore.

In the Infrastructure sector, 757 projects worth Rs 1,08,846.85 crore were announced, accounting for 25.67 percent of the total investment announced during the month. Web Works and Iron Mountain announced plans to invest Rs 4,000 crore in developing a data center in Maharashtra.

In the Roadways sector, a total of 151 road projects worth Rs 58,690.50 crore were announced. Of this, the major investors were Uttar Pradesh State Highways Authority (21 projects worth Rs 35,968 crore), National Highway Authority of India (17 projects worth Rs 11,395.25 crore) and National Highways & Infrastructure Development Corporation (10 projects worth Rs 3,800 crore).

Uttar Pradesh State Highways Authority (UPSHA) announced 21 state highway projects of 1,798.35 km with an aggregate investment of Rs 35,968 crore on DBFOT basis through the PPP mode. Of this, 13 were of mega size. UPSHA is currently seeking technical consultants for the preparation of feasibility studies for its projects.

As many as 82 new projects worth Rs 21,470.06 crore were announced in the Real Estate sector. My Home Constructions plans to develop a Rs 2,600 crore high-rise residential complex at Manmole, Sanga Reddy in Medak district of Telangana and Aparna Constructions & Estates plans to develop a Rs 1,704.30 crore high-rise residential-cum-commercial complex ‘Aparna Synergy’ at Dommarapochampally village in Hyderabad district of Telangana.

The first eleven months of the current fiscal FY2023 saw good increase in projects investment, both by the public sector and private sector.


Print pagePDF pageEmail page