September 4, 2008

India’s Power Sector Attracts Investments of $48.75 Billion in the First Half of 2008, an Industrial Info News Alert

Researched by Industrial Info Resources (Sugar Land, Texas) -- A recent study by the Associated Chambers of Commerce and Industry of India (Assocham) has revealed that the country's power sector attracted $48.75 billion in investments from January to June 2008, accounting for 19.9% of the total investments of $244 billion in the country during the period. India's ambitious plan to add more than 78,577 megawatts (MW) of power generation during the Eleventh Five-Year Plan period (2007-12) has lured investments from industry majors, including Jindal India Thermal Power (New Delhi), the Lanco Group (Hyderabad, Andhra Pradesh), Reliance Power Limited (BOM:532939) (Mumbai), Sterlite Industries India Limited (NYSE:SLT) (Tuticorin, Tamil Nadu) and Tata Power Company Limited (BOM:500400) (Mumbai).

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SOURCE: Industrial Info Resources