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Contracts worth over Rs 2.77 lakh cr awarded in Q1-Q3/FY21As per the latest data available with Projects Today, by the end of the third quarter of FY21, the country saw finalisation of 4,128 project contracts with an aggregate order value of Rs 2,77,376.25 crore. These orders (domestic and overseas), awarded across various sectors were bagged by 1,984 companies.

The quarter on quarter growth registered in awarding of projects contract augurs well for the overall projects investment in India. While the total project contracts awarded during April-June 2020 (Q1/FY21) stood at Rs 46,283.21 crore, it jumped by around 120 percent to Rs 1,01,704.2 crore in the second quarter (Q2/FY21). The trend continued in Q3/FY21 too.

In the third quarter 1,237 new project contracts entailing a total value of Rs 1,29,388.84 crore were awarded between October 2020 and December 2020, indicating an increase of 27 percent on Q-o-Q basis. These figures will improve further, as information on contracts awarded come with some time-lag.

By Sectors

The Infrastructure (comprising Social and Transport infrastructure sectors) accounted for a share of 74 percent of the total contracts awarded during Q1-Q3/FY21. The sector saw finalisation of 3,414 contracts with an aggregate order value of Rs 2,04,444.11 crore.

Of these, 125 mega project contracts (worth Rs 500 crore and above) with an aggregate value of Rs 1,79,363.31 crore were awarded. Most of these were given out in the Roadways and the Railways sectors.

In the Roadways sector, 1,516 contracts valued at Rs 71,793.4 crore were awarded during the first three quarters of FY21. Two nodal agencies — the National Highways & Infrastructure Development Corporation (NHIDCL) and the National Highways Authority of India (NHAI) — awarded 129 contracts worth Rs 52,347.03 crore.

NHIDCL awarded 62 contracts worth Rs 15,897.55 crore, out of which the following two were high-value contracts:

  1. Megha Engineering & Infrastructures secured a contract worth Rs 4,509.5 crore for construction of (i) connecting road from Z-Morh Tunnel to Zojila Tunnel & (ii) 14.150 km long bi-directional tunnel across Zojila Pass on Sonamarg-Kargil section of NH-01 in the Union Territories of Jammu & Kashmir and Ladakh on EPC basis.
  2. Larsen & Toubro (L&T) bagged a contract worth Rs 3,166 crore for construction of four-lane bridge, including approaches (length – 20 km) over river Brahmaputra between Dhubri on the North Bank and Phulbari on the South Bank in the states of Assam/Meghalaya on NH-127B.

Another nodal agency, NHAI awarded 67 contracts pegged at Rs 36,449.48 crore during the first nine months of FY21. Of these, some of the major contracts were:

  1. Megha Engineering & Infrastructures in consortium with Navyuga Engineering secured a contract worth Rs 2,251 crore for six-laning of Neeleshwaram to Thaliparambha section of NH-17 (new NH-66) from ch 94.540 (existing 96.450 km) to ch 134.650 (existing 137.900 km) in Kerala on hybrid annuity mode (HAM) under Bharatmala Pariyojana.
  2. Gawar Constructions bagged a contract worth Rs 2,178.08 crore for four-laning of Rajauli-Bakhtiyarpur section of NH-31 (new NH-20) from 101.630 km to 152.520 km (Package-III) in Bihar on HAM.
  3. Dilip Buildcon bagged a contract worth Rs 1,905 crore for construction & upgradation of NH-131A from 34.600 km (design ch 6.000) near Narenpur to 79.970 km (design ch 53.000) near Purnea to four-lane standard and from 79.970 km (design ch 53.000) to 82.000 km (design ch 55.000) near Purnea to two-lane with paved shoulder standard in the state of Bihar.

In the Railways sector, 238 project contracts valued at Rs 57,096.12 crore were awarded. The sector accounted for 21 percent of the contracts awarded during Q1-Q3/FY21. L&T bagged two mega contracts for Mumbai-Ahmedabad High Speed Rail project (Bullet Train) with a total value of Rs 32,274.16 crore. L&T will execute the following scope of work for the High Speed Rail Project:

  1. Package-C4: Design & construction of civil and building works, including testing and commissioning for double line high-speed railway involving viaducts, bridges, maintenance depots, stations at Vapi, Bilimora, Surat and Bharuch, and Surat Depot between Zaroli village at Maharashtra-Gujarat border (MAHSR – 156.600 km) and Vadodara (MAHSR – 393.700 km), excluding works for four PSC bridges and six steel truss bridges in the state of Gujarat and the Union Territory of Dadra and Nagar Haveli on EPC basis.
  2. Package-C6: Design & construction of civil and building works, including testing and commissioning for double line high-speed railway involving viaduct, bridges, crossing bridges, maintenance depot and stations (Anand/Nadiad) between Vadodara (MAHSR – 401.898 km) and Ahmedabad (MAHSR – 489.467 km) excluding works for one PSC bridge and four steel truss bridges in Gujarat on design build lump sum price basis.

Apart from this, the National Capital Region Transport Corporation (NCRTC) gave out few notable contracts for Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) project worth Rs 8,504.33 crore.

  1. Bombardier Transportation India, in consortium with Bombardier Transportation Sweden AB and Bombardier Transportation UK, secured a contract for design, manufacture, supply, testing, commissioning and comprehensive maintenance of RRTS & MRTS trainsets and depot M&Ps.
  2. Shanghai Tunnel Engineering Company secured a contract for construction of tunnels by TBM from new Ashok Nagar DN ramp to Sahibabad UP ramp and one underground station by cut-and-cover method including architectural finishing & design, supply, installation, testing and commissioning of electrical & mechanical systems, including fire detection and suppression systems and hydraulic systems.
  3. L&T bagged an order for construction of elevated viaduct from the start of Modi Nagar North station to Shatabdi Nagar station and five elevated stations — Modi Nagar North, Meerut South, Partapur, Rithani & Shatabdi Nagar excluding architectural finishing & pre-engineered steel roof structure of stations.
  4. L&T secured another contract for construction of elevated viaduct from Duhai to the start of Modi Nagar North and two elevated stations — Murad Nagar and Modi Nagar South, excluding architectural finishing & pre-engineered steel roof structure of stations.

In the Water & Sewerage Pipeline & Distribution sector, 277 contracts worth Rs 17,690.54 crore were awarded in the first three quarters of FY21. L&T secured some major contracts from the Madhya Pradesh Jal Nigam Maryadit for Rajghat Dam Multi Village Scheme, Madikheda Multi Village Scheme, Agar-Malva Multi Village Scheme and Gond Devsar Multi Village Scheme under Jal Jeevan Mission.

In the Real Estate sector, a total of 98 contracts for executing works worth Rs 9,169.25 crore were awarded. Girdhari Lal Constructions in JV with the Altis Holding Corporation secured a contract worth Rs 1,422.88 crore from NBCC (India) for construction/rectification of balance works of Dream Valley Phase-2 on as-is-where-is basis at Plot No GH-09, Tech Zone-IV in Greater Noida, Uttar Pradesh, pertaining to Amrapali Group of Companies.

In the Telecom Services sector, 20 contracts for executing works with a cumulative investment of Rs 9,097.32 crore were awarded during Q1-Q3/FY21. ITI bagged the major contract from the Ministry of Defence for Phase-IV of Army Static Switched Communication Network (ASCON) valued at Rs 7,796 crore.

Another notable contract was secured by L&T from the Indian Army to establish first-of-its-kind, state-of-the-art unified network management system to manage, support and operate the countrywide Armed Forces Network under the Network for Spectrum (NFS).

In the Hospital sector, during Q1-Q3/FY21 period, 92 new contracts worth Rs 4,891.02 crore were awarded. NCC bagged the major contract worth Rs 1,649.38 crore from the Central Public Works Department (CPWD) for construction of AIIMS at Awantipora in Pulwama district of Jammu and Kashmir.

The Other Community Services sector saw finalisation of 588 new contracts worth Rs 10,338.88 crore. Tata Projects bagged the largest contract worth Rs 861 crore from the Central Public Works Department (CPWD) for construction of new Parliament Building at Plot No 118, Parliament House Estate in New Delhi.

In the Petroleum, Oil & Gas sector, 24 contracts with an aggregate value of Rs 4,777.13 crore were awarded. Of these, the Oil & Natural Gas Corporation (ONGC) gave out 19 contracts worth Rs 4,659.61 crore. The oil and gas major awarded two mega contracts worth Rs 3,645.58 crore for works of the Armada Sterling Floating Production, Storage and Offloading (FPSO) vessel in Mumbai, Maharashtra.

  1. Armada D1 secured Rs 2,726.88 crore contract for bareboat charter lease of the Armada Sterling FPSO to be operated in ONGC D1 field located 200 km off the west coast of Mumbai.
  2. Shapoorji Pallonji Armada Oil & Gas Services bagged Rs 918.7 crore contract for operation and maintenance of the Armada Sterling FPSO.

In the Petroleum Products (Refinery) sector, 93 contracts for executing works worth Rs 4,665.03 crore were awarded. L&T bagged the largest contract in this sector worth Rs 2,149 crore from the Indian Oil Corporation (IOCL) for setting up a new nine million tpa atmospheric & vacuum distillation unit (AVU) and allied facilities for Barauni Refinery Capacity Expansion project (EPCC-1 Package).

The Ministry of Defence awarded a notable contract worth Rs 2,580 crore for supply of six Pinaka Regiments to the regiment of artillery of the Indian Army. These six Pinaka Regiments comprise 114 launchers with automated gun aiming and positioning system (AGAPS), 45 command posts to be procured from the Tata Power Company (TPCL) and L&T, and 330 vehicles to be procured from BEML.

The Coal sector saw finalisation of 97 new contracts worth Rs 22,909.46 crore. BGR DECO Consortium bagged the contract from Northern Coalfields worth Rs 1,856.95 crore. The work involved excavation of overburden of first dig (solid) by mechanical means such as excavators, dumpers/tippers, drills, dozers, for composite work consisting of blast hole drilling, excavation, loading, transportation of broken rocks/soil, unloading/dumping, spreading, water sprinkling, grading, etc as per instructions of engineer-in-charge at specified places at Bina extension OCP in Madhya Pradesh.

In the Irrigation sector, as many as 214 contracts with an order value Rs 11,314.48 crore were awarded during the nine months. Dilip Buildcon in JV with Hindustan Construction Company (HCC) bagged a mega contract worth Rs 4,167.70 crore from the Narmada Water Resources, Water Supply & Kalpsar Department for construction of Bhadbhut barrage, flood protection embankments and associated works across river Narmada near Bhadbhut village in Bharuch district of Gujarat.

Another major contract in this sector was secured by L&T from the Irrigation & CAD Department, Telangana, for 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 river Godavari, downstream of the existing Dummugudem anicut near Ammagaripalli (V), Aswapuram (M), Bhadradri Kothagudem district in Telangana.


Among the states, Gujarat was the front-runner by finalising 75 project contracts worth Rs 46,826.8 crore during Q1-Q3/FY21. Two major contracts worth Rs 32,274.16 crore were given out for developing Mumbai-Ahmedabad High-Speed Rail project.

Uttar Pradesh occupied the second position with 473 contracts valued at Rs 29,735.61 crore and Madhya Pradesh followed with 464 work orders pegged at Rs 14,505.07 crore. The fourth and fifth spots were taken up by the states of Bihar and Maharashtra respectively with finalisation of contracts worth Rs 14,489.3 crore and Rs 14,155.99 crore.

The five states – Gujarat, Uttar Pradesh, Madhya Pradesh, Bihar and Maharashtra — accounted for 43.16 percent of the total contracts awarded in the first three quarters of FY21.

By Awarder & Awardees

Among the awarders, the Indian Oil Corporation (IOCL) topped the list by giving out 218 contracts valued at Rs 7,204.07 crore. IOCL was followed by the Public Works Department, Madhya Pradesh, with 148 contracts worth Rs 1,243.71 crore, and the Public Works Department, Tamil Nadu, finalised 135 contracts worth Rs 2,923.26 crore.

Among the 1,984 awardees who won 4,128 project contracts, L&T stood at the top by securing 85 contracts worth Rs 52,211.41 crore, followed by KEC International and Power Mech Projects with 23 and 16 contracts worth Rs 6,184.23 crore and Rs 2,459.53 crore respectively.

Overseas Contracts

Indian companies bagged 37 overseas contracts in Solar-based Power, Power Distribution, Water, Sewage & Effluent Treatment and Other Community Services, etc from countries like Australia, US, Saudi Arabia,Nepal, etc.

L&T bagged one of the major overseas contracts to upgrade substations and related power facilities in KNPC’s Mina Al Ahmadi Oil Refinery.

Sterling & Wilson Solar bagged major overseas contracts for two large scale solar projects in Australia, which will have an installed capacity of over 300 MW.


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