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Power sector leads Sept 2024 investments: Report
The Business Guardian
|October 14, 2024
September 2024 saw the highest new investment in the power sector which accounted for about 50 per cent of the total value of investment during the month according to a monthly investment report by Dolat Capital.
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The manufacturing sector comprises 17.4 per cent of the total value of new investments, while others contributed to 10.3 per cent of the value.
New Investments in the power sector skyrocketed on a YoY basis to Rs 966.8 billion.
Although the total new investments declined in September by 12.5 per cent year-on-year (YoY) to Rs 1,937.5 billion, primarily influenced by substantial decreases in the manufacturing and roads sectors.
The Solar-Wind Hybrid Power project in Dwarka, Gujarat, valued at Rs 250 billion is a major project driving the growth in the power sector.
Dit verhaal komt uit de October 14, 2024-editie van The Business Guardian.
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