Orissa attracts maximum investment in Q4

News Flash

SMS BOS < SPACE > MF, MUTUAL FUND QUERY AT 56388
COS GETTING FRESH FDI IN SECTORS WHERE FDI CAPS HAVE GONE UP: SOURCES
NEW NORMS TO CONSIDER TOTAL FOREIGN INVESTMENT NOT TOTAL INVESTMENT: SRCS
CCEA NOD NEEDED ONLY FOR INVESTMENTS OF RS.1200 CR AND ABOVE: SOURCES
GOVT TO EASE NORMS FOR FDI REQUIRING CABINET APPROVAL: SOURCES
NO PLANS TO OFFER HOME LOANS AT 8%: NW
OCTOBER UNEMPLOYMENT RATE RISES TO 10.2% VS 9.8% (MOM)
EMPLOYERS CUT PAYROLLS BY 190,000 IN OCTOBER VS ESTIMATE OF 175,000
FOREIGN FUNDS NET BUY RS.587.02 CR IN EQUITIES ON NOVEMBER 6 (PROVISIONAL)
DOMESTIC FUNDS NET BUY RS.236.62 CR IN EQUITIES ON NOVEMBER 6 (PROVISIONAL)
KINGFISHER RAISES FUEL SURCHARGE BY RS.200 ON SECTORS MORE THAN 1000 KM
KINGFISHER RAISES FUEL SURCHARGE BY RS.100 ON SECTORS UPTO 1000 KM
JET AIRWAYS RAISES FUEL SURCHARGE BY RS.100-150 ON SECTORS UPTO 1000 KM
NET PROFIT AT $455 MN VS LOSS OF $24.6 BN (YOY)
TOTAL REVENUES AT $26.05 BN VS $898 MN (YOY)
MUTUAL FUNDS NET BUY RS.34.3 CR IN EQUITIES ON NOVEMBER 5
FOREIGN FUNDS NET BUY RS.267.6 CR ($56.8 MN) IN EQUITIES ON NOVEMBER 5
OVER 7% GROWTH ACHIEVABLE IN FY'11
TO EXPLORE STIMULUS EXIT MODE NOW; WINDING DOWN STIMULUS TO CUT DEFICIT
SENSEX UP 1.65%, NIFTY UP 1.8% FOR THE WEEK
CNX MIDCAP INDEX UP 3.9%, BSE SMALLCAP INDEX UP 1.6%
BSE PSU INDEX UP 4.77%, REALTY UP 4.4%, METAL INDEX UP 4%
INDEX GAINERS: BHARTI UP 9.4%, JP ASSOCIATES UP 8.6%, IDFC UP 7%
GETS U.S. FDA NOD FOR GENERIC ACULAR
TO RAISE UPTO $300 MN VIA FCCBS
EXTENDING 8% HOME LOAN SCHEME TILL 31ST MARCH , 2010
INDIAN RAILWAYS SHOULD RATIONALISE PASSENGER FARES UPWARD
TO RAILWAYS: STOP CROSS SUBSIDISING FARES AND FREIGHTS
IMPOSES 20% SAFEGUARD DUTY ON IMPORT OF SODA ASH
ROAD DEFICIT REMAINS THE GREATEST PROBLEM IN INFRASTRUCTURE IN INDIA

Updated: 05/06/2008 | 10:08 PM IST

Top Stories

Press Trust of India

Thursday, June 05, 2008 (New Delhi)

Blog

Comments:

Read (0)

Post

Rate the story

Mineral rich Orissa lapped up about 30 per cent of over Rs 3,00,000 crore investments lined up by India Inc in the first three months of 2008, according to a study by industry body Assocham.

"Orissa topped the chart claiming almost 30 per cent of the total investments announced during the last quarter of 2007-08 totaling to Rs 3,25,285 crore," a study named 'Statewise Investment' said.

India Inc lined up investment plans of about Rs 92,035 crore in Orissa during Jan-Mar 2008, with Rs 45,000 crore flowing to steel sector alone, it added.

According to the study, Orissa is followed by West Bengal and Andhra Pradesh with the capital expenditure of about Rs 67,361 crore and Rs 58,226 crore respectively.

The mineral rich states are attracting huge investments in sectors such as oil and gas, steel and power, Assocham President Sajjan Jindal said in a statement in New Delhi.

Major players like Vedanta Resources, Tata Steel, Mesco Steel and Bhushan Steel intend to invest about Rs 45,000 crore to install steel plants with aggregate capacity of 18.5 million tonnes in Orissa.

Vedanta Group and Cals Refineries intends to invest about Rs 20,000 crore in the sectors like metals, oil and gas in West Bengal, the study said.

The study further said that Assam was the only north-eastern state to have any prominent investment announced over the three months ending March 2008.

The power sector in Assam is expected to receive capital outlay of about Rs 4,375 crore and the power major NTPC was the key investor disclosing its plans to invest in the state, it added.