Government clears big-ticket investment projects worth Rs. 1.1 lac cr - Angel Broking

The government has given final nod to start operation for 28 big-ticket investment projects worth Rs. 1.1lakh cr, stuck for years for myriad government clearances. This clearance has come as a relief for investors which include 18 power projects with a generation capacity of 15,500MW, 4 highway projects worth Rs. 4,400cr and a Rs. 1,200cr steel plant in Odisha. Further, the coal ministry has agreed to sign fuel supply agreements for all these projects by August 31. Also, petroleum distillation units worth Rs. 1,419cr, being set up by Bharat Petroleum and three critical railway lines in poorly connected states such as Chhattisgarh, Mizoram and Assam, with an investment outlay of over Rs. 7,100cr, have secured the requisite clearances.

We believe this would help revive confidence in the Indian economy, with domestic players having virtually abandoned fresh investments.

Source : Equity Bulls

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