As per the initial findings of Projects Today, a total of 6,183 contracts with an order value totalling Rs 4,73,282.28 crore were awarded in FY21. These orders (Domestic & Overseas) were bagged by 2,635 companies across various sectors. Further, of the 6,183 finalised contracts, 49 were bagged by Indian companies to execute job work overseas.
The Services & Utilities (Infrastructure) sector, which comprise the Social and Transport sectors, accounted for an enormous share of 63 percent of the total contracts awarded for FY21. The sectors saw finalisation of 4,805 contracts with an order value worth Rs 3,00,520.02 crore.
Of the 6,183 contracts finalised, 213 mega project contracts (worth Rs 500 crore and above) with an aggregate value of Rs 3,19,040.30 crore were awarded in FY21.
Within the Infrastructure sector, Roadways, Railways, Community Services, Water Pipelines & Distribution, Hospitals and Real Estate were star performers, accounting for bulk of the project contracts awarded.
In the Roadways sector, as many as 2,220 contracts valued at Rs 1,28,396.38 crore were awarded during the fiscal. The sector accounted for 27.13 percent of the total contracts awarded in the Infrastructure sector. Two nodal agencies — the National Highways & Infrastructure Development Corporation (NHIDCL) and the National Highways Authority of India (NHAI) together gave out 220 contracts worth Rs 94,884.95 crore.
NHIDCL awarded two mega-value contracts during the period. Megha Engineering & Infrastructures secured a contract worth Rs 4,509.5 crore for construction of connecting the road from Z-Morh Tunnel to Zojila Tunnel & 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.
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 the other hand, the nodal agency NHAI awarded 140 contracts with an aggregate value of Rs 76,039.18 crore. Of these, eight contracts were awarded for construction of four-lane Bangalore-Chennai Expressway with total value of Rs 8,106.76 crore. Apart from this, four contracts were given out for construction of four-lane Greenfield Delhi-Amritsar-Katra Expressway with an aggregate value of Rs 3,988.79 crore. Under eight-lane Delhi-Vadodara Access Controlled Greenfield Alignment project, 12 contracts with an aggregate value of Rs 5,792.55 crore were awarded under various packages.
Projex building activity in the Railways sector got a major boost with 353 project contracts valued at Rs 77,069.78 crore were awarded in FY21. The sector accounted for 16.28 percent of the total contracts awarded in the Infrastructure sector. The National High-Speed Rail Corporation (NHSRCL) awarded 14 contracts with an aggregate value of Rs 33,773.17 crore during FY21.
Three contracts with a total value of Rs 33,663.86 crore were awarded to L&T for construction of Mumbai-Ahmedabad High-Speed Rail Projects. The company bagged the contracts for works of Packages — MAHSR – C4; – C6 and P-4(X & Y) in the states of Gujarat, Maharashtra and the Union Territory of Dadra and Nagar Haveli.
As many as 28 contracts totalling Rs 10,865.42 crore were awarded under Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Corridor. The mega value contracts were bagged by Bombardier Transportation India, Afcons Infrastructure, Shanghai Tunnel Engineering Company, L&T and Alstom Transport India from the National Capital Region Transport Corporation (NCRTC).
Water & Sewerage Pipeline & Distribution too saw some high value contracts being awarded. The Uttar Pradesh State Water & Sanitation Mission awarded 44 contracts totalling Rs 15,871.45 crore for various water supply projects across the state. Of these, Welspun Enterprise bagged five contracts worth Rs 2,500 crore for construction, commissioning and O&M of rural water supply projects across 2,544 villages in Varanasi, Bulandshahr, Amethi, Ambedkar Nagar and Sant Ravidas Nagar districts.
A positive gain was also seen in the Other Community Services. The sector saw finalisation of 860 new contracts worth Rs 14,401.82 crore. NKG Infrastructure bagged a contract worth Rs 1,356.15 crore for construction of general pool office accommodation, SARTAC office & hostel & other infrastructure buildings for redevelopment of GPRA colony at Netaji Nagar, New Delhi (Package- II)
Another notable contract was secured by Tata Projects 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.
The Hospital sector saw finalisation of 151 contracts worth Rs 12,006.12 crore during the period. A major contract in this sector was secured by HSCC (India) worth Rs 1,800 crore for upgradation of district hospitals to medical colleges at 12 locations in Rajasthan and for Phase-II facilities in medical colleges at Churu & Pali districts.
The Public Works Department, Uttar Pradesh, awarded 14 contracts totalling Rs 3,364.65 crore for establishment of a new medical college attached with the existing district/referral hospital across various locations on EPC basis.
A noteworthy contract was awarded in the Telecom Services sector. ITI bagged a major contract worth Rs 7,796 crore from the government of India, Ministry of Defence for Phase-IV of Army Static Switched Communication Network (ASCON) for deploying and maintaining its strategic communication network across the country.
Projects-related orders in the Mining sector accounted for 18.15 percent of the total share in FY21. As many as 179 contracts with orders totalling Rs 85,909.39 crore were awarded.
In the Coal sector, a total of 139 project contracts were awarded to execute mostly the development and mine operation jobs with an aggregate value of work orders worth Rs 79,733.52 crore. The two major contracts awarded were:
- Dilip Buildcon (DBL) bagged a contract worth Rs 36,419.07 crore from Mahanadi Coalfields for mine developer-cum-operator for development and operation of Siarmal Open Cast Proiect in Sundergarh district of Odisha.
- Power Mech Projects (PMPL)-AMR Consortium bagged a contract worth Rs 9,294.14 crore for development and operationalisation of Kotre Basantpur Pachmo OCP at West Bokaro Coalfileds in Ramgarh and Bokaro districts of Jharkhand in MDO mode.
The Electricity sector, including Power Distribution, accounted for 8.52 percent of the total orders awarded during the period. A total of 543 contracts with an order value of Rs 40,306.32 crore were secured by power companies for executing various works.
In the Hydel-based Power sector, Bharat Heavy Electricals (BHEL) bagged a contract from Megha Engineering & Infrastructures for Electro-Mechanical (E&M) works for 12×80 MW Polavaram HEP in Andhra Pradesh.
The Solar-based Power sector saw finalisation of 41 new contracts worth Rs 10,925.11 crore. During the period, NTPC awarded five major contracts. These include:
- Vikram Solar bagged a contract worth Rs 1,750 crore for 300 MW solar plant project in Rajasthan.
- Tata Power Solar Systems bagged a contract worth Rs 1,730.16 crore to build 300 MW solar project under CPSU-II.
- Tata Power Solar Systems bagged another contract worth Rs 1,200 crore for 320 MW solar project in Rajasthan.
In the Power Distribution sector, KEC International secured some high-value contracts during the period. The power transmission company won as many as 12 contracts for work orders worth Rs 7,592.55 crore.
The Irrigation sector saw finalisation of 319 project-related contracts worth Rs 18,547.79 crore in FY21. Dilip Buildcon in JV with Hindustan Construction Company (HCC) bagged an EPC contract worth Rs 4,167.7 crore from the Narmada Water Resources, Water Supply & Kalpsar Department for construction of Bhadbhut barrage, flood protection embankments & associated works across river Narmada in Bharuch district of Gujarat.
Another notable contract was secured by SPML Infra from the Irrigation & CAD Department, Andhra Pradesh, worth Rs 3,307.04 crore for drawing and utilising three TMC per day from Sangameswaram to SRMC at 4.00 km from Pothireddypadu head regulator for Rayalaseema Lift Scheme in Andhra Pradesh.
A total of 337 contracts with an aggregate value of Rs 27,998.76 crore were awarded under the Manufacturing sector in FY21.
L&T bagged an EPCC contract worth Rs 2,149 crore for setting up a new nine million tpa atmospheric & vacuum distillation unit and allied facilities for Barauni Refinery capacity expansion project at IOCL’s Barauni Refinery in Bihar. In all, 183 new contracts with an aggregate order value of Rs 8,461.94 crore were awarded in the Refineries sector in FY21.
Six mega contracts with an aggregate value of Rs 5,538.43 crore were awarded in the Arms & Ammunition sector. The Ministry of Defence awarded a high-value 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.
During FY21, a total of 6,134 domestic project contracts with an order value totalling Rs 4,63,189.17 crore were awarded across different states. Three states – Gujarat, Odisha and Uttar Pradesh — remained front runners and accounted for 33.23 percent of the total contracts awarded during the period.
Gujarat remained the top state with 111 contracts worth Rs 53,767.65 crore in FY21. Under Mumbai-Ahmedabad High-Speed Rail project two major contracts worth Rs 32,274.16 crore were awarded during the period.
Odisha secured the second position with 509 work orders worth Rs 53,502.4 crore. Of this, Mahanadi Coalfields gave out 29 mining contracts worth Rs 44,774.49 crore. On the other hand, Uttar Pradesh saw finalisation of 669 contracts worth Rs 49,999.31 crore.
During FY21, Indian companies bagged 49 overseas contracts across Solar-based Power, Real Estate, Power Distribution, Water, Sewage & Effluent Treatment ,etc from countries like Australia, Maldives, Egypt, US, South Africa, etc.
KEC International bagged five contracts with an aggregate work orders worth Rs 3063 crore under Power Distribution segment across the Middle East, Africa, Americas, Bangladesh, etc; while Sterling & Wilson Solar secured two solar projects in Australia and Egypt worth Rs 2,530 crore. On the other hand, L&T bagged 15 contracts for various works of Power Distribution projects across Myanmar, Egypt, South Africa, Nepal, Bangladesh, etc.