 "Why global fund bosses start out on their own")
The top ten big investments expected to be made in Tamil Nadu committed by companies during state governemnt's Global Investors Meet 2015 is to the size of about Rs 1,60,200 crore with a large chunk going into petroleum, gas and energy sectors.
Three are to be coming up in the district of Thoothukudi, two in Cuddalore district. Four of the top ten investments would be in solar energy sector.
The biggest investment committed during the GIM 2015 is by Middle East-based AL Kharafi, which would be investing around Rs 30,000 crore in Sipcot Industrial Park, Thoothukudi for oil refinery and petrochemical plant.
Nagarjuna Oil Corporation has signed MoU for Rs 18,000 crore investment in petroleum products sector in Sipcot Industrial park, Cuddalore.
Timah Langat Holdings Berhad and Emrail Sdn. Bhd, signed agreement for Rs 12,600 crore project on LNG import handling, storage and fertilisers.
Hari Narayanan, deputy chairman, EMRAIL Sdn. Bhd said the company initially the company will be setting up a 5 million LNG terminal at Thoothikudi with an initial investment of $500 million. The work will be taken up in two phases.
He said, 250 industries are looking at buying gas in the state and currently market survey is going on, implementation work will start in an year's time. The project will come in 500 acres of land.
Narayanan said the company is discussing with few companies, including gas supplier, shipment companies and distribution companies, to form a consortium. IEV Holdings, a Singapore-listed company in which Emrail is an investor will be implementing the project. The company already set up LNG terminals, with 3 million capacity, in Indonesia, Vietnam and Thailand.
British energy major OPG Power Ventures Plc has committed Rs 24,380 crore for a coal based power project in Nagapattinam, while IL & FS Tamil Nadu Power Company Ltd signed MoU for Rs 16,600 crore thermal power project in Cuddalore and Coastal Energen Pvt Ltd for Rs 15,620 crore thermal power project in Thoothukudi.
The solar energy projects that came in the top ten agreements include Suzlon's Rs 15,500 crore project, Sun Edison Solar Power India Pvt Ltd's Rs 12,000 crore project, Gamesa Renewable Pvt Ltd's Rs 8,500 crore project and Empereal Group's Rs 7,000 crore project, which would be implemented in various parts of the State.
Three are to be coming up in the district of Thoothukudi, two in Cuddalore district. Four of the top ten investments would be in solar energy sector.
The biggest investment committed during the GIM 2015 is by Middle East-based AL Kharafi, which would be investing around Rs 30,000 crore in Sipcot Industrial Park, Thoothukudi for oil refinery and petrochemical plant.
Nagarjuna Oil Corporation has signed MoU for Rs 18,000 crore investment in petroleum products sector in Sipcot Industrial park, Cuddalore.
Timah Langat Holdings Berhad and Emrail Sdn. Bhd, signed agreement for Rs 12,600 crore project on LNG import handling, storage and fertilisers.
Hari Narayanan, deputy chairman, EMRAIL Sdn. Bhd said the company initially the company will be setting up a 5 million LNG terminal at Thoothikudi with an initial investment of $500 million. The work will be taken up in two phases.
He said, 250 industries are looking at buying gas in the state and currently market survey is going on, implementation work will start in an year's time. The project will come in 500 acres of land.
Narayanan said the company is discussing with few companies, including gas supplier, shipment companies and distribution companies, to form a consortium. IEV Holdings, a Singapore-listed company in which Emrail is an investor will be implementing the project. The company already set up LNG terminals, with 3 million capacity, in Indonesia, Vietnam and Thailand.
British energy major OPG Power Ventures Plc has committed Rs 24,380 crore for a coal based power project in Nagapattinam, while IL & FS Tamil Nadu Power Company Ltd signed MoU for Rs 16,600 crore thermal power project in Cuddalore and Coastal Energen Pvt Ltd for Rs 15,620 crore thermal power project in Thoothukudi.
The solar energy projects that came in the top ten agreements include Suzlon's Rs 15,500 crore project, Sun Edison Solar Power India Pvt Ltd's Rs 12,000 crore project, Gamesa Renewable Pvt Ltd's Rs 8,500 crore project and Empereal Group's Rs 7,000 crore project, which would be implemented in various parts of the State.
| name | Location | Product | Investment (in Rs crore) | Employment |
| AL Kharafi | Thoothukudi | Oil Refinery & Petrochemical plant | 30,000 | 7,000 |
| OPG Power | Nagapattinam | Coal-based power | 24,380 | 3,200 |
| Nagarjuna Oil | Cuddalore | Petroleumproduct | 18,000 | 1,500 |
| IL&FS Tamil Nadu Power Company Ltd | Cuddalore | Thermal power | 16,600 | 2,500 |
| Coastal Energen | Thoothukudi | Thermal power | 15,620 | 1,600 |
| Suzlon | NA | Solar Power | 15,500 | 2,000 |
| SunEdison Solar | NA | Solar Power | 12,000 | 2,000 |
| Timah Lan Gat Holdings Bhd & Emrail Sdn. Bhd | Thoothukudi | LNG Terminal | 12,600 | 2,000 |
| Gamesa Renewable Pvt ltd | NA | Solar Power | 8,500 | 1,000 |
| Emperieal Group | NA | Solar Power | 7,000 | 625 |
