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project contractsAt the end of the first three quarters of the fiscal year 2019-20, the data available with Projects Today reveals that during the first nine months, a total of 2,856 project contracts with a total order value of Rs 2,12,612.86 crore were awarded. These orders (domestic and overseas) awarded across various sectors were bagged by 1,784 Indian companies.

Services & Utilities (comprising the Social and Transport infrastructure sectors) accounted for a share of 58 percent of the total contracts awarded during Q1-Q3/FY20. The sectors saw finalisation of 2,246 contracts with an aggregate order value of Rs 1,23,121.88 crore.

During the period, a total of 41 contracts were awarded in the Airways (Aviation Infrastructure) sector. The two major contracts awarded in this sector were bagged by Zurich Airport International AG for development of a greenfield at Noida International Airport in Uttar Pradesh and by Larsen & Toubro (L&T) for developing the Navi Mumbai International Airport, Maharashtra.

By grabbing 18 percent of the total project contracts awarded, the Roadways sector accounted for a bulk of the contracts finalised in the Infrastructure sector during the nine months of FY20. A total of 1,044 contracts with an aggregate value of Rs 37,524.94 crore were awarded in this sector. The Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) awarded eight contracts for implementing two major road projects — Bundelkhand Expressway and Gorakhpur Link Expressway. The aggregate value of these contracts was Rs 10,790.91 crore.

All the six packages of Bundelkhand Expressway were awarded to three companies — Apco Infratech (Package- I & II), Ashoka Buildcon (Package-III), Gawar Constructions (Package-IV & V) and Dilip Buildcon (Package-VI). Whereas the two major contracts for development of Gorakhpur Link Expressway were bagged by Apco Infratech and Dilip Buildcon.

In a major development, the Cube Highways and Infrastructure emerged as the highest bidder for Bundle-3 of Toll-Operate-Transfer (TOT) projects offered by the National Highways Authority of India (NHAI) by quoting Rs 5,011 crore.

The Railways was another sector to witness high value contracts awarding. In all, the sector finalised 171 contracts for executing works worth Rs 22,232.94 crore during Q1-Q3/FY20. In terms of value, J Kumar Infraprojects bagged the largest contract in this sector worth Rs 1,998 crore from the Mumbai Metropolitan Region Development Authority (MMRDA) for design & construction of stations for corridor of Mumbai Metro Line-9 of Mumbai Metro Rail Project.

In terms of value, KEC International bagged work orders worth Rs 3,931.09 crore in this sector. Of these, the notable contracts for various works were Delhi MRTS Phase-IV, Delhi-Meerut Regional Rapid Transit System Corridor (Package-1) and Kochi Metro Rail Project (Phase-1).

Another major order in this sector was secured by Larsen & Toubro (L&T), worth Rs 1,794 crore from the Rail Vikas Nigam (RVNL) for construction of tunnels, bridges & formation works for new single line BG line between Rishikesh & Karanprayag (125 km) in the state of Uttarakhand.

A total of 84 project contracts were awarded in the Real Estate sector with an aggregate value of Rs 25,477.78 crore during Q1-Q3/FY20. The City & Industrial Development Corporation of Maharashtra (CIDCO), one of the major players in this sector, awarded four major contracts for construction of EWS/LIG type dwelling units with development of commercial area & onsite infrastructure works in Navi Mumbai. These work orders were secured by:

  • B G Shirke Construction Technology for construction of around 20,448 EWS/LIG type dwelling units (Package-I)
  • Capacite Infraprojects for construction of around 21,346 EWS/LIG type dwelling units (Package-II)
  • Shapoorji Pallonji & Company for construction of approximately 21,821 EWS/LIG type dwelling units (Package-III)
  • L&T for building around 23,432 EWS/LIG type dwelling units (Package-IV)

The Coal/Lignite Based Power sector saw awarding of 116 contracts worth Rs 22,481.35 crore in the first nine month of FY20. In terms of value, L&T bagged the largest contract worth Rs 6,657.39 crore from SJVN Thermal to set up a 2×660 MW ultra-supercritical power plant in Buxar district, Bihar, on EPC basis.

BGR Energy Systems bagged Rs 4,442.75 crore work order for setting up a 660 MW Supercritical Ennore Thermal Power Station project in Tamil Nadu under EPC basis.

Four mega contracts worth Rs 19,167.46 crore were awarded in the Arms & Ammunition sector. Cochin Shipyard and Garden Reach Shipbuilders & Engineers each bagged contract for construction and supply of eight Anti-Submarine Warfare Shallow Water Crafts (ASWSWCs) for the Indian Navy.

Bharat Electronics bagged a contract for procurement of seven squadrons of Akash Missile System for the Indian Air Force and Bharat Dynamics will supply heavy weight torpedoes to the Indian Navy.

The Irrigation sector saw finalisation of 132 new contracts worth Rs 12,357.61 crore. Of the total contracts given out, a majority were in Madhya Pradesh (47 contracts worth Rs 7,960 crore).

HES Infra in JV with Max Infra bagged the largest contract worth Rs 4,309 crore from the Water Resources Department, Madhya Pradesh, for construction of Chhindwara irrigation complex project in Chhindwara district.

Jharkhand and Telangana were the other two states, which finalised irrigation contracts worth Rs 1,827.4 crore and Rs 1,697.35 crore respectively.

A total of 144 contracts with an aggregate value of Rs 26,406.27 crore were awarded in the Manufacturing sector, while 33 projects contracts worth Rs 5,023.01 crore were awarded to execute various jobs in the Mining sector.

States
During the first three quarters ended on 31 December 2019, a total of 2,808 domestic project contracts with Rs 2,01,797.64 crore were awarded across different states. Maharashtra emerged as the top state with 255 contracts worth Rs 32,988.57 crore and accounted for 16 percent of the total contracts awarded.

Uttar Pradesh came a distant second with 100 orders worth Rs 18,880.71 crore and Madhya Pradesh occupied the third spot with 144 contracts worth Rs 11,729.66 crore.

Overseas Contracts
Indian companies bagged 48 overseas contracts in the Solar Based Power, Coal/Lignite Based Power, Railway and Power Distribution, etc from countries like Australia, Syria, Sri Lanka, Myanmar, Nepal and United Arab Emirates, etc.

Sterling & Wilson bagged three contracts valued at Rs 6,404.39 crore for 1.09 GW DC Solar Farm in the Middle East, 200 MW DC and 144 MW DC solar farm in Australia and Bharat Heavy Electricals (BHEL) worth Rs 689.94 crore for civil, mechanical, electrical & instrumentation works for 2 x 200 MW at Tishreen Power Plant Extension Project in Syria.

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