With the first nine months of the financial year coming to an end, the initial findings of Projects Today reveal, in all, a total of 4,344 contracts with an order value totalling Rs 3,30,405.19 crore were awarded in Q1-Q3/FY19. These orders (domestic and overseas) were bagged by 2,021 companies across various sectors.
Further, of the total contracts finalised, 98 were bagged by Indian companies to execute job work overseas.
In terms of value, Capacite Infraprojects, in consortium with Tata Projects & CITIC Construction Company, bagged the largest contract during the period. At a contract value of Rs 11,744.26 crore, the company will undertake redevelopment project of BDD Chawls at Lower Parel Division at Worli in Mumbai. The contract was awarded by the Mumbai Housing & Area Development Board.
Overall, Services & Utilities (comprising social and transport sectors) remained the front-runner during Q1-Q3/FY19. The sector accounted for 68.54 percent of the total project contracts firmed up during the first nine months of the financial year. The sector saw 3,467 contracts with an order value worth Rs 2,26,476.36 crore being awarded.
Within Services & Utilities, Roadways retained the top spot. On the overall investment-front, the Roadways sector accounted for 30 percent of the total contract value awarded in Q1-Q3/FY19 in the form of 1,883 contracts worth Rs 98,740.59 crore.
One of the significant developments that took place during the period was awarding of all 16 packages of Nagpur-Mumbai Samruddhi Corridor. The big-ticket project will be taken up by the following companies: Megha Engineering & Infrastructures (Pkg-1&9), Afcons Infrastructure (Pkg-2&14), NCC (Pkg-3), PNC Infratech (Pkg-4), Sadbhav Engineering (Pkg-5), Apco Infratech (Pkg-6), Reliance Infrastructure (Pkg-7), Iron Triangle (Pkg-8), Larsen & Toubro (Pkg-10), Gayatri Projects (Pkg-11), Dilip Buildcon (Pkg-12), GVPR Engineers (Pkg-13), and Navayuga Engineering Company (Pkg-15&16). The aggregate value of these contracts is Rs 31,589.93 crore.
The eight-lane expressway will pass through areas which have a developmental backlog and will reach cities in North Maharashtra, Marathwada and Vidarbha. The project involves developing 710 km communication super expressway linking Mumbai with Nagpur via backward regions of Maharashtra on engineering, procurement and construction (EPC) basis. The expressway route will be built in two phases which will pass through 10 main districts, 14 other districts, 26 sub-districts. In all, the expressway will traverse around 392 villages.
The mega project which will provide last mile connectivity has been undertaken by the Maharashtra State Road Development Corporation (MSRDC). A special purpose vehicle, the Nagpur-Mumbai Super Communication Expressway was incorporated to initiate this state-of-the-art transportation network. The overall cost of the project is estimated at Rs 46,000 crore, including land acquisition cost.
The Railways was another sector which saw contract awarding for high value projects. In all, the sector secured 181 contracts for executing works worth Rs 20,373.96 crore. In terms of value the Rail Vikas Nigam awarded contracts with an aggregate value of Rs 2,907.1 crore. Similarly, Ircon International awarded work orders for Rs 2,043.17 crore during the first three quarters of FY19.
Projects-related orders in the Irrigation sector accounted for eight percent of the total share in Q1-Q3/FY19. A total of 138 projects contracts were awarded to execute the job with an aggregate value of work orders worth Rs 25,716.85 crore.
A total of 467 contracts with an aggregate value of Rs 54,649.34 crore were awarded under the Electricity sector during Q1-Q3/FY19. The sector accounted for 16.54 percent of the total share of contracts awarded.
The Coal/Lignite Based Power sector saw finalisation of 178 contracts worth Rs 15,392.14 crore. The largest contract finalised in this sector was by the Uttar Pradesh Rajya Vidyut Utpadan Nigam. With an order value of Rs 4,400 crore, the job awarded to BHEL involves design, engineering, manufacture, assembly, testing at works, supply, civil, structural and architectural works, erection, testing & commissioning of main plant & balance of plant for 1×660 MW Panki Thermal Power Station Extension Project in Uttar Pradesh on EPC basis.
In Q1-Q3/FY19, a total of 34 contracts worth Rs 20,175.09 crore were awarded in the Telecom Services sector. In terms of value, Tata Projects bagged the largest contract in this sector from Chhattisgarh Infotech & Biotech Promotion Society. With a work order worth Rs 3,057 crore, the company will execute the contract for Bharat Net Phase-II Project in the state of Chhattisgarh. Tata Projects will lay 48 core Optical Fibre Cable (OFC) Network across the state covering 32,466 km.
A total of 4,246 domestic project contracts with an order value totalling Rs 3,06,398.66 crore were awarded across the states in Q1-Q3/FY19. Among the states, Maharashtra, Odisha and West Bengal remained the front-runners.
In terms of value, Maharashtra topped the chart with 740 contracts worth Rs 90,772.36 crore being awarded in Q1-Q3/FY19. The state accounted for 27.47 percent of the total share of contracts awarded during Q1-Q3/FY19.
Reliance Infrastructure in a JV with Astaldi bagged one of the major contracts worth Rs 583 crore from the Maharashtra State Road Development Corporation (MSRDC) for construction of Versova-Bandra Sea Link Project in Mumbai (length 17.17 km) on engineering, procurement, and construction (EPC) basis.
Madhya Pradesh grabbed the second position with 472 work orders worth Rs 40,708.93 crore and Uttar Pradesh remained at the third spot by awarding 115 contracts for work orders worth Rs 28,089.29 crore.