India announced 1,687 new projects worth ₹4.52 lakh crore in January, led by infrastructure, manufacturing, and renewable energy sectors
Chennai: The month of January saw the announcement of a record number of new projects by both public and private sector valued Rs 4.52 lakh crore. Infrastructure alone attracted 1337 projects with an estimated investment of Rs 1.97 lakh crore.
A total of 1,687 projects were announced, involving a total investment of Rs 4,52,148 crore in January, according to ProjectsToday. This is a significant increase in the number of projects compared to December 2024, but a slight decline in value. December saw the announcement of 1,358 projects worth Rs 4,57,657 crore. The fall was mainly because of the slowdown witnessed in the private fresh investment.
Infrastructure sector, buoyed by both central and state government capex plans, emerged as the leading sector with Rs 1,97,974.04 crore across 1,337 projects, accounting for 43.79 percent of the total investment.
Manufacturing sector followed with Rs 1,44,895 crore across 160 projects, contributing 32.05 percent to the overall investment. Within the manufacturing sector, sub-sectors like cement, steel, machinery, automobiles and hydrogen gases attracted sizable fresh investment proposals.
In cements, Ambuja Concrete North and ACC of the Adani group announced a combined investment of Rs 7,205 crore for adding 21.5 million tpa of capacity. India Cements plans to expand its capacity by 5 million. tpa at Rs 550 crore. In the steel sector, Visvesvaraya Iron & Steel and Steel Authority of India committed a total investment of Rs 21,000 crore to expand their capacities.
The Automobile sector showed signs of recovery with companies such as Blue Energy Motors, Azad India Mobility, and Mercedes-Benz India announcing projects worth approximately Rs 5,500 crore, while the automobile ancillaries sector attracted an additional Rs 3,500 crore.
The power sector continued to see a focus on renewable energy. Of the Rs 87,537 crore investments attracted by this sector, approximately Rs 69,537.05 crore or 79 per cent were found in non-conventional energy sources.
Transport services attracted Rs 96,233 crore and the National Highways Authority of India’s 50 highway projects worth Rs 35,667 crore.
Real Estate developers, anticipating rising housing demand, announced 254 new housing projects worth Rs 36,501 crore.
The Power Distribution sector, which received increased attention from state governments in the recent past, saw the announcement of 119 new projects worth Rs 30,021 crore. Of these, 87 per cent or 59 projects worth Rs 26,09 crore were promoted by the Rajasthan government.
The mining sector saw five new proposals worth Rs 3,141 crore and irrigation sector saw five new projects worth Rs 12,064 crore taken up by Eastern Rajasthan Canal Project Corpn., lifting the fresh investment in the sector to Rs 15,768 crore. In the preceding month, the sector had managed to attract only Rs 1,843 crore.
