With Q1/FY21 coming to an end, the data compiled by Projects Today reveals that a total of 738 project contracts with a total order value of Rs 31,418.15 crore were awarded across various sectors in Q1/FY21. These orders (domestic and overseas) were bagged by 433 companies across different sectors.
A total of 17 mega value contracts (worth Rs 500 crore and above) with the aggregate value of Rs 21,258.75 crore were awarded during Q1/FY21. Of this, five contracts totalling Rs 5,733 crore were awarded in the Railways sector.
The National Capital Region Transport Corporation awarded four mega value work orders worth Rs 4,967.06 crore. Two of these contracts were bagged by Larsen & Toubro (L&T), while Bombardier Transportation India and G R Infraprojects won one contract each from the nodal agency.
In all, 25 contracts with an order value of Rs 6,172.15 crore were awarded in the Railways sector during Q1/FY21. The sector accounted for almost 20 percent of the contracts awarded during the period.
Eighteen new contracts with an aggregate order value of Rs 2,671.5 crore were awarded in the Petroleum Refinery sector in Q1/FY21. L&T bagged the largest contract worth Rs 2,149 crore from the Indian Oil Corporation (IOCL) for setting up a nine million tpa Atmospheric & Vacuum Distillation Unit and allied facilities for Barauni Refinery Capacity Expansion Project in Bihar on EPCC basis. During the period, IOCL awarded five contracts for carrying out various works such as civil, mechanical, electrical, grid connection, fire proofing, supply of control valve, etc at the Barauni Refinery.
The Irrigation sector also witnessed awarding of some notable contracts during Q1/FY21. In all, the sector finalised 64 contracts for executing works worth Rs 2,832.57crore. KNR Constructions along with its JV bagged two mega orders under Kaleshwaram Lift Irrigation Project. These include:
- KNR Constructions in JV with Navayuga and NCC bagged the largest contract worth Rs 1,613.69 crore under Kaleshwaram Lift Irrigation Project (Package-4). The scope of work envisages lifting of 333.00 cumecs of water from forebay at Thukkapur village to Sri Komuravelli Mallanna Sagar comprising construction of forebay, open pump house, pressure mains and delivery cistern, etc in Telangana.
- KNR Constructions in JV with HES Infra bagged a contract worth Rs 695.54 crore for excavation of gravity canal from 0.00 km to 15.825 km to carry 333 cumecs discharge of water from Delivery Cistern at Chinnagundevelly village to Forebay at Thukkapur village including CM&CD works, etc for Kaleshwaram Lift Irrigation Project (Package-3).
Apart from this, L&T also bagged a major contract under Sita Rama Lift Irrigation Scheme from the Irrigation & CAD Department, Telangana. The project involves construction of 1,263 mtr long barrage, 65 radial gates with rope drum hoist arrangements and all related mechanical works, construction of 96.4 km of guide bunds and hoisting arrangements on either side of the barrage with protection arrangements across the river Godavari, downstream of the existing Dummugudem anicut in Telangana.
In Q1/FY21, a total of five contracts were awarded in the Airways (Aviation Infrastructure) sector. GMR Airports bagged one of the largest contracts from the Andhra Pradesh Airports Development Corporation (APADCL) for design, build, finance, development, modernisation, operation and maintenance of Greenfield International Airport at Bhogapuram in Vijayanagaram district
A major contract was also awarded by the government of India, Ministry of Defence. Tata Power bagged the contract worth Rs 1,200 crore for modernisation of infrastructure at 37 airfields of the Indian Air Force, the Indian Navy and the Indian Coast Guard. Bharat Dynamics bagged a contract worth Rs 293.33 crore for supply of MRSAM Missile Sections to the Indian Air Force.
During Q1/FY21, the Solar power sector saw finalisation of 10 new contracts worth Rs 4,272.64 crore. The sector accounted for around 14 percent of the total contracts awarded during the period. NTPC, one of the major players in this sector, awarded two mega contracts. Vikram Solar bagged a contract worth Rs 1,750 crore for setting up 300 MW solar power plant in Rajasthan, while Tata Power Solar Systems secured Rs 1,730.16 crore order to build 300 MW solar power project under CPSU-II.
Of the 738 contracts awarded in Q1/FY21, 319 contracts were given out in the Roadways sector. The sector in all awarded various road building and upgradation contracts worth Rs 4,206.49 crore. PNC Infratech bagged the largest contract worth Rs 1,412 crore from the National Highways Authority of India (NHAI) for four-laning of Meerut-Nazibabad section from design chainage 11.500 km (Meerut) to 39.250 km (Behsuma) and from 79.500 km (Bijnor) to 105.700 km (Jalalabad) of NH-119 (new NH-34) in Uttar Pradesh under the Bharatmala Pariyojana on hybrid annuity mode (HAM).
Apart from this, the transportation infrastructure business of L&T bagged two notable contracts for eight-lane access-controlled expressway of Delhi-Vadodara Greenfield alignment. The company secured engineering, procurement and construction (EPC) contracts for Package-11 and -22 of the expressway project, which once completed will be the country’s longest expressway under Bharatmala Pariyojana. The scope of work involves setting up an eight-lane greenfield expressway of 36 km with perpetual pavement, service/slip roads, interchanges, ROB, major/minor bridges, vehicular/pedestrian/cattle underpasses and animal underpasses/overpasses.
A total of 16 contracts were awarded in the Coal sector with a cumulative value of Rs 3,027.43 crore during Q1/FY21. Biswajit Ghosh Mining & Movers (BGM) in JV with M-RPL-JMCT bagged the largest contract from Eastern Coalfields for hiring HEMM for removal and transportation of 1,653.00 L.cum of OB and 196.00 L.cum of re-handling of OB by outsourcing for the project Nakrakonda-Kumardih B OCP three million tpa under Bankola Area. The value of the contract is worth Rs 1,514.18 crore. Of the 16 contracts awarded in the Coal sector, five are located in Jharkhand, four in Odisha and three in West Bengal.
During Q1/FY21, a total of 727 domestic project contracts worth Rs 29,664.15 crore were awarded across different states. Uttar Pradesh topped the state list with 97 contracts worth Rs 5,247.45 crore and accounted for around 17 percent of the total contracts awarded. Telangana and Bihar stood second and third with orders worth Rs 2,533.12 crore and Rs 2,494.75 crore.
Indian companies bagged 11 overseas contracts in the Power Distribution, Solar-based power, Water, Sewage & Effluent Treatment, Other Community Services and Airways (Aviation Infrastructure) from countries like US, Bahrain, Mauritius, Hong Kong, etc.
Gammon Engineers & Contractors bagged the largest overseas contract of the quarter from the Hong Kong International Airport to deliver two 1,800 mtr long eight cell tunnel structures for the automatic people mover and baggage handling system as well as all electrical and mechanical works for the tunnels for the Hong Kong International Airport. Additionally, Gammon Engineers & Contractors will construct several support buildings, including pumping stations, a data centre and security facilities.
Another notable contract was secured by Sterling & Wilson Solar Solutions to construct 194 MW solar power project in the United States of America. Apart from this, L&T bagged five contracts for various works of power distribution projects in Myanmar, Egypt, Oman, Kuwait, Middle East and Africa.