Photo: Anthony Azavedo

In December 2014, 610 new projects worth Rs.74,415 crore were announced. Of these, 470 projects worth Rs.44,564 crore were greenfield projects; 111 were plant modernisation projects; and 29 were capacity expansion projects.

Further, of the 610 projects, the promoters of 268 projects have not firmed up the costs of their projects. Most of these projects were in the real estate sector.

Of the 24 mega projects (project investment of Rs.500 crore or more) announced in December 2014, four were in the manufacturing sector.

* Neelachal Ispat Nigam Ltd intends to expand its steel capacity from 1.1 million tpa to 2.5 million tpa with an investment of Rs.12,000 crore at Kalinganagar in Jajpur district of Odisha. The project will also include a blast furnace, a 7-metre coke oven battery, a 60-MW coal-based power unit and a steel melting shop.

megatable2* Karnataka-based SLR Metalliks announced plans to set up a Rs.600-crore steel ingots unit with a capacity of 3.2 lakh tpa at Narayanadevanakere village, Halli taluka, in Bellary district of the state.

* In the chemicals sector, Matix Fertilisers & Chemicals Ltd is setting up a 1.3-million tpa urea unit (phase-II) at Panagarh in Bardhaman district of West Bengal, with an investment of Rs.5,000 crore. The company plans to use coal bed methane gas as feedstock which will be sourced from Essar Oil’s Raniganj block.

* Automobiles major Honda Cars India plans to set up a Rs.1,350-crore passenger cars manufacturing unit (phase-I) in Gujarat.

Among the major sectors, services and utilities (infrastructure) topped the investment chart with 494 projects worth Rs.42,531 crore and accounted for 57 per cent of the total investment announced in December 2014.

megatable1* Gujarat Integrated Maritime Complex, a subsidiary of IL&FS Maritime Infrastructure Company Ltd, intends to develop Rs.12,316-crore shipyard-cum-captive jetties with LNG terminal at Nana Layja, Mandvi taluka, in Kutch district of Gujarat. The project, to be spread over 336 hectares of land, will include 17-million tpa coal jetties, three general cargo berths and a 5-million tpa LNG terminal. This was the largest project announced in December 2014.

Under the railway station modernisation programme announced in the railway budget last year, Surat Municipal Corporation has taken up a Rs.3,000-crore modernization project of Surat station in Gujarat. The project will be executed through the PPP route.

NHAI projects
NHAI announced seven mega road projects in December 2014. These included:

* Rs.2,236-crore Amravati-Chikli section (Package-I) from 166.00 km to 360.00 km; Rs.1,888-crore Chikli-Fagne section (Package-II) from 360.00 km to 510.00 km; and Rs.1,909-crore Fagne-Maharashtra/Gujarat border section of NH-6 (Package-III) from 510.00 km to 650.79 km in Maharashtra.

* Rs.724-crore Ner Chowk-Pandoh section from 190.00 km to 215.00 km (Package-I); Rs.690-crore Ner Chowk-Kullu stretch [Pandoh-Bata section (Tunnel)] from 215.00 km to 227.95 km (Package-II); Rs.575-crore Ner Chowk-Kullu stretch [Rehukaldhar-Aut Section (Tunnel)] from 230.60 km to 235.22 km (Package-IV); and Rs.556-crore Nerchowk-Kullu stretch [Aut-Takoli section (Tunnel)] from 235.22 km to 242.00 km (Package-V) of NH-21 in Himachal Pradesh.

In Maharashtra, the JNPT Port Road Company Ltd announced the following three mega road projects to be developed through the EPC route:

* Rs.570-crore Karalphata interchange from 3.60 km to 6.00 km of NH-4B and from 5.30 km to 6.40 km of SH-54 (NH-348A) and connectivity to the proposed fourth terminal of JNPT Phase-II, (Package-I).

megatable* Rs.651-crore Gavanphata interchange from 14.80 km to 15.80 km of NH-4B, from 13.20 km to 14.85 km of SH-54 and from 5.40 km to 6.20 km of Amra Marg (NH-348A) and NH-4B from 6.00 km to 14.80 km and from 15.80 km to 21.20 km of JNPT Phase-II (Package-II).

* Rs.547-crore SH-54 (NH-348A) from 6.40 km to 13.20 km and NH-348A (Amra Marg) from 0.00 km to 5.40 km of JNPT Phase-II, (Package-III).

In Karnataka, the Bangalore Development Authority plans to construct a 6.9-km long steel flyover from Chalukya Circle-Hebbal in Bengaluru, under the Jawaharlal Nehru National Urban Renewal Mission with an investment of around Rs.1,200 crore.

In the construction sector, Lotus Greens Developers intends to construct a township at Sector 150, Greater Noida, in Gautam Budh Nagar district of Uttar Pradesh with an investment of Rs.2,500 crore. The project will spread over 300 acres of land comprising residential as well as recreational facilities, including a nine-hole golf course.

An equally ambitious residential complex was announced by Ashiana Landcraft Realty in Gurgaon, Haryana. The company plans to set up a Rs.650-crore residential complex, The Center Court, at Sector-88A, Dwarka Expressway, in Gurgaon district of the state.

Fourteen new projects and 58 new power distribution lines helped the electricity sector in attracting fresh project investment of Rs.9,868 crore. Ku Thermal Power plans to set up a 1,320-MW (2×660) coal-based power unit with an investment of Rs.6,600 crore at Ottapidaram and Sillanattam villages in Tuticorin district of Tamil Nadu.

The largest transmission line project of the month was announced by Tamil Nadu Transmission Corporation. The company intends to set up a Rs.1,593-crore interstate power transmission system for evacuation of renewable power in Tamil Nadu. The project scope comprises establishment of a 400kV grid substation at Thannampatty; augmentation of various 230kV grid substations, and associated transmission systems.

In the healthcare segment, two large projects were announced. KEF Holdings is constructing a Premium Medical Healthcare Providers Hospital with a capacity of 500 beds in Kozhikode district of Kerala with an investment of Rs.550 crore, while All India Institute of Medical Sciences plans to develop an institute with an investment of Rs.850 crore in Kerala. The project will comprise a 1,000-bed facility with ICUs, trauma care units, alternative medicine besides intake of about 100 students for MBBS.

In the education sector, newspaper group Bennett Coleman & Co. Ltd has drawn up plans to set up a Rs.600-crore multi-faculty Bennett University at Noida in Gautam Budh Nagar district of Uttar Pradesh.

Among the states, Gujarat topped the investment chart with 81 projects worth Rs.18,450 crore and accounted for 24 per cent of the total fresh investment emanated in December 2014, and Maharashtra attracted the highest number of new projects, 110 projects, entailing a total investment of Rs.9,980 crore.

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