Orissa attracts maximum investment in Q4

News Flash

MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)
PROFIT UP 55% AT RS.143.50 CR; NET SALES UP 22.5% AT RS.2234.20 (YOY)
IMPORTING SUGAR BEING REVIEWED; NEED FOR ECONOMIC PRICING OF SUGAR
IN DISCUSSIONS WITH FARMERS TO COME AT PRICE COMFORTABLE FOR BOTH SIDES
TOO EARLY TO TALK OF DENA BANK MERGER WITH ANOTHER PSU BANK: NW
KEEPS OVERNIGHT LENDING RATE UNCHANGED AT 0.1%
STILL SEE DOWNSIDE RISK FOR THE ECONOMY
AIM TO CONVERT NON USERS TO USERS WITH THE HELP OF ROAMING TARIFF CUTS
PREFER TO REMAIN AGGRESSIVE WITHOUT GETTING INTO A PRICE WAR
MURTAZA KHORAKIWALA TO NDTV: CANNOT COMMENT ON SUB JUDICE MATTER
WOCKHARDT TO PAY BACK ALL SECURED, UNSECURED LOANS IN 5 YRS AS PER CDR
DBS TOP BRASS MET HABIL KHORAKIWALA TO DISCUSS WAYS OF SETTLEMENT: SRCS
EYEING TO SETTLE PAYMENT DEFAULT CASE OUT OF COURT: SOURCES
ALERT: ROAMING CONTRIBUTES 15% OF BHARTI REVENUES
ROAMING CALLS ON OTHER NETWORKS AT 80 PAISE/MINUTE
ROAMING CALLS ON OWN NETWORK AT 60 PAISE/MIN
SWAP TO REDUCE OVERALL FINANCE CHARGES FOR THE COMPANY: CFO
COMPLETES SWAP OF $875MN FOREX CONVERTIBLE BONDS

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.