Overseas direct investment by Indian companies rose to $2.28 billion in November against $1.22 billion in the previous month, according to the Reserve Bank of India data released on Thursday.
JSW Steel, REI Agro, Larsen & Toubro, Pearl Global Industries, Dr Reddy's, TCS and Tafe Motors and Tractors were among the major investors which put money into their foreign units during the month.
JSW Steel invested a total $444.27 million in its wholly-owned subsidiary in the Netherlands and in a US-based joint venture.
REI Agro made an investment of $227.63 million in its wholly owned company in the United Arab Emirates which is into
Construction major Larsen & Toubro invested $160.80 million in its wholly owned unit in the United Arab Emirates for business in financial services.
Pearl Global Industries, in two different investments, put $109.82 million into its wholly owned units in Bangladesh and Mauritius for retail, wholesale and hotel business.
Pharma firm Dr Reddy's invested $105 million in its wholly owned manufacturing business in Cyprus and Tata Sons made an investment of $89.60 million in wholly owned wholesale, retail trade and hotels business in the UK.
IT behemoth TCS invested $75.70 million in its wholly owned venture in the UK and Tafe Motors and Tractors made an investment of $57.79 million in a joint-venture in the US, according to the RBI data.