A total of 155 projects with an investment of Rs 28,826.47 crore were completed in Q2/FY19. Generally, information on completed projects, especially of medium and small size, comes with some time lag. However, even after considering the lag effect, the total number of projects completed will be one of the lowest observed in recent years.
The Services & Utilities (Infrastructure) sector accounted a little over half (55.63 percent) of the total projex commissioned during the quarter. In all, 77 projects entailing a total investment of Rs 16,036 crore were completed in this sector.
Within the infrastructure segment, the Roadways sector saw completion of 19 projects worth Rs 5,010 crore during Q2/FY19. One of the notable projects completed during the latest quarter was Kaithal-Rajasthan road upgradation project worth Rs 2,300 crore. The project undertaken by a private entity, Kaithal Tollway, involved four-laning of Kaithal-Rajasthan border section of NH-152/65 from 33.250 km (design 0.500 km) to 241.580 km (design 166.90 km) in Haryana under NHDP Phase-IV in BOT (Toll) on DBFOT toll basis.
Two major rail projects with an aggregate investment of Rs 3,856.83 crore were executed during Q2/FY19. While the Western Railway executed doubling of Udhna-Jalgaon with electrification (length 306.93 km) which began in 2008, the Northeast Frontier Railway concluded developing Agartala-Akhaura railway line (15.054 km) in Tripura, which commenced in 2014.
The Manufacturing sector reported completion of 66 projects entailing an investment of Rs 8,368.58 crore during Q2/FY19. Samsung India’s Rs 1,970 crore Noida plant expansion, Shree Cement’s Rs 1,100 crore Raipur cement plant and Deepak Phenolics Rs 1,500 crore Phenols & Acetones project at Dahej were the mega projects completed in this sector.
The Power sector, where projects investment activities have slowed down considerably in the conventional power sector, saw commissioning of eight projects worth Rs 3,951.03 crore. Of these, six were in the renewable energy sector. Among the six projects, the noticeable one was 250 MW solar-based power unit of NTPC. The Rs 2,500 crore solar unit set up at Mandsaur district of Madhya Pradesh was developed by NTPC under the Make in India initiative, using domestically manufactured solar cells and modules.
The state-dominated Irrigation sector saw commissioning of three projects worth Rs 395.89 crore in Q2/FY19. The Irrigation and CAD Department, Telangana, completed the Sadarmatt barrage scheme across Godavari River of Sriramasagar project to store 1.58 TMC of water to irrigate Sadarmatt anicut and Ganganala project in Adilabad district of Telangana.