Dolat Capital: Construction And Infrastructure Sector Outlook - August 2020

At 16%, Uttar Pradesh claimed the biggest share of new investments in India in August, followed by Karnataka with 11.6% share.

Unfinished apartments, abandoned part way through construction, in Noida, Uttar Pradesh, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

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Dolat Capital Report

New investments down for thirteenth consecutive month by 10.3% YoY to Rs 579 billion (down 6.7% month on month) in August 2020, primarily due to fall in Railways/ Water.

New investments announced in YTD21 decreased by 62.2% YoY to Rs 2,248 billion owing to the fall in others/railways/real estate which was partially offset by rise in power distribution/hospital.

Real Estate segment saw a major portion of new investments with 21.0% share followed by manufacturing/power at 17.4%/ 11.2% in August 2020.

In terms of geographical spread, Uttar Pradesh took the lead with 16.0% share followed by Karnataka with 11.6% share.

The major projects announced in August 20 includes Kamlanagar residential complex (Rs 14.0 billion), Electric Vehicles Project (Rs 50 billion) and Fatehgarh wind power project (Rs 33.1 billion).

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Dolat Capital Construction and Infra Monthy Update August 2020.pdf
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