News
    BT NewsFlicks
    New projects announcements in Q2 FY21 remain muted at Rs 58,689 crore

    BT NewsFlicks

    New projects announcements in Q2 FY21 remain muted at Rs 58,689 crore

    • 1/8

    New projects announcements in Q2 FY21 remain muted at Rs 58,689 crore  

    Story: Niti Kiran
    Design: Pragati Srivastava

    • 2/8

    New investment proposals worth Rs 58,689 crore were made in September quarter of FY21 compared to announcements worth Rs 69,054 crore during June 2020 quarter of FY21.

    • 3/8

    Projects worth Rs 32,845 crore were announced in the private sectors while government proposals stood at Rs 25,844 crore during September quarter. 

    • 4/8

    On an average, quarterly new investments in India were much higher at Rs 3.6 lakh crore in two years prior to lockdown.

    • 5/8

    Project completions rose to Rs 31,447 crore in Q2FY21 from a record low of Rs 24,029 crore in the preceding quarter.  

    • 6/8

    Average quarterly completions of Rs 1.5 lakh crore was recorded in two years before the lockdown.

    • 7/8

    Projects worth Rs 7,957 crore were stalled, abandoned or shelved during the second quarter of the current fiscal.

    • 8/8

    The pipeline of outstanding projects shrunk to Rs 198.1 lakh crore at the end of September 2020 from Rs 199 lakh crore in June 2020 and Rs 202.2 lakh in March.