As per the initial findings of Projects Today, a total of 2,777 contracts with order value totalling Rs 1,91,933.04 crore were awarded in H1/FY22. These orders (Domestic & Overseas) were bagged by 1,361 companies across various sectors. Further, of the 2,777 finalised contracts, 28 were bagged by Indian companies to execute job work overseas.
The first half of this financial year saw announcement of 51 mega orders (Rs 1,000 crore or more) with an aggregate value of Rs 84,730.68 crore. This includes 15 mega orders worth Rs 17,994.31 crore by the National Highways Authority of India (NHAI), five major orders worth Rs 13,610.09 crore by the Nuclear Power Corporation of India and three orders worth Rs 8,263.26 crore by the Indian Oil Corporation.
The Services & Utilities (Infrastructure) sector, which comprises the Social and Transport sectors, accounted for a major share of 64.13 percent of the total contracts awarded for H1/FY22. The sector saw finalisation of 2,124 contracts with an order value worth Rs 1,23,095.4 crore.
Within the Infrastructure sector, Roadways, Railways, Water Pipelines & Distribution, Community Services and Real Estate emerged as star performers, accounting for bulk of the project contracts awarded.
In the Roadways sector, as many as 960 contracts valued at Rs 60,776.81 crore were awarded during H1/FY22. The sector accounted for 31.67 percent of the total contracts awarded in the Infrastructure sector. Two nodal agencies — the National Highways Authority of India (NHAI) and the National Highways & Infrastructure Development Corporation (NHIDCL) together gave out 96 contracts worth Rs 39,125.84 crore.
NHAI awarded 66 contracts with an aggregate value of Rs 33,663.19 crore. Of these, 10 contracts were awarded under Delhi-Amritsar-Katra Expressway with a total value of Rs 9,089.65 crore. Apart from this, three contracts were given out for construction of four-lane Bangalore-Chennai Expressway with a total value of Rs 3,758.74 crore. Under Amritsar-Bathinda project, three Packages – I to III with an aggregate value of Rs 3,393.44 crore were awarded.
On the other hand, the nodal agency, NHIDCL awarded 30 contracts with a total value of Rs 5,462.65 crore during the period. Of these, three contracts were awarded under Khellani-Kishtwar-Chattroo project with a total value of Rs 1,153.75 crore and under Tamenglong-Mahur project, four contracts with an aggregate value of Rs 810.69 crore were awarded.
The Railways sector got a major boost with 122 project contracts valued at Rs 23,880.97 crore being awarded. The sector accounted for 12.44 percent of the total contracts awarded during the period. The Chennai Metro Rail awarded six contracts with an aggregate value of Rs 6,593.28 crore. Some of major contracts awarded include:
- Larsen & Toubro (L&T) bagged a contract worth Rs 2,385 crore for construction of approximate 12 km twin bored tunnels from Kellys Metro Station to Taramani Road Junction Metro Station.
- Tata Projects secured contract worth Rs 1,999 crore for construction of nine km twin-bored tunnels from TBM retrieval shaft near Venugopal Nagar to Kellys Metro Station.
- Hindustan Construction Company (HCC) in JV with KEC International bagged a contract worth Rs 1,147 crore for construction of elevated Metro stations at Chennai Bypass Crossing, Rarriacharidra Hospital, Iyyaparithangal Bus Depot, Katupakkam, Kumanan Chavadi, Karayan Chavadi, Mullai Thottam, Poonamallee Bus Terminus, Poonamallee Bypass and all associated works.
- L&T won another contract worth Rs 1,035.3 crore for construction of elevated Metro stations at Power House, Vadapalani, Saligramam, Avichi School, Alwartiru Nagar, Valasaravakkam, Karambakkam, Alapakkam Junction, Porur Junction and all associated works.
The Water & Sewerage Pipeline & Distribution sector saw finalisation of 297 new contracts worth Rs 7,576.09 crore. Ion Exchange (India) bagged one of the major contracts from the Uttar Pradesh State Water & Sanitation Mission worth Rs 1,000 crore for rural drinking water supply project in two districts i.e. Varanasi and Aligarh, on engineering, procurement and construction (EPC) basis under Jal Jeevan Mission.
In the Real Estate sector, 35 contracts for executing works with a cumulative value of Rs 7,141 crore were awarded during H1/FY22. NCL Industries in consortium with NCL Buildtek bagged a major contract worth Rs 1,863.19 crore from the Andhra Pradesh State Housing Corporation for supply of pre-painted (GI) steel window frame for implementation of the Navaratnalu-Pedalandariki Illu Scheme.
A total of 362 project contracts were awarded in the Other Community Services sector with an aggregate value of Rs 6,588.99 crore. Ahluwalia Contracts (India) bagged a major contract worth Rs 890 crore from the Building Construction Department, Bihar, for construction of Bihar Animal Science University in Patna district.
A noteworthy contract worth Rs 2,634.65 crore was awarded in the Ports sector. Navayuga Engineering in JV with Aurobindo Realty & Infrastructure bagged a contract from the Andhra Pradesh Maritime Board for construction of a greenfield port at Ramayapatnam in Prakasam district on EPC basis.
The Electricity sector, including Power Distribution, accounted for 16.02 percent of the total orders awarded during the period. A total of 235 contracts with an order value of Rs 30,747.72 crore were secured by power companies for executing various works.
In the Nuclear-based Power sector, nine contracts for executing works with a cumulative value of Rs 14,149.2 crore were awarded. Bharat Heavy Electricals (BHEL) secured the largest-ever work order worth Rs 10,800 crore from the Nuclear Power Corporation of India (NPCIL) for engineering, procurement and construction (EPC) of turbine island package for Gorakhpur Haryana Anu Vidyut Pariyojana – 1, 2, 3 & 4 in Haryana and Kaiga – 5 & 6 in the state of Karnataka.
The Power Distribution sector saw awarding of 114 contracts worth Rs 7,324.01 crore. During the period, the Power Grid Corporation of India (PGCIL) awarded 41 new contracts. One of the noteworthy contracts was awarded to Salasar Techno Engineering for construction of 201 km transmission line network and four new power substations in Arunachal Pradesh.
In the Hydel-based Power sector, 11 contracts with an aggregate value of Rs 3,290.14 crore were awarded. Patel Engineering bagged a major contract worth Rs 1,251 crore from Lanco Teesta Hydro Power for the hydro-mechanical works of Teesta HE Project (Stage-VI) 500 MW in Sikkim.
A total of 28 project contracts were awarded in the Solar-based Power sector worth Rs 2,384.04 crore. Tata Power Solar Systems bagged a contract worth Rs 686 crore to build 210 MWp solar PV projects for NTPC in Gujarat.
The Manufacturing sector accounted for a share of 8.23 percent of the total contracts awarded. The sector saw finalisation of 202 contracts with an aggregate order value of Rs 15,802 crore.
In the Petrochemicals [Hydrocarbon] sector, five contracts worth Rs 7,801.48 crore were awarded. Of these, the Indian Oil Corporation (IOCL) gave out two contracts worth Rs 6,760.65 crore to two companies — Technip India (Package EPCC-01) and Tecnimont S.p.A. in consortium with Tecnimont (Package- EPCC-02) — for works of Paradip Refinery in Jagatsingpur district of Odisha.
Apart from this, IOCL also awarded a major contract worth Rs 988.83 crore to Technip India for Package (EPCC-06) for Barauni Refinery capacity expansion project in Bihar.
A total of 126 project contracts were awarded in the Petroleum Products [Refinery] sector with an aggregate value of Rs 6,271.21 crore. IOCL awarded 77 contracts with a total value of Rs 4,299.96 crore. Of these, three major contracts were awarded under Barauni Refinery project with a total value of Rs 2,859.75 crore.
Projects-related orders in the Mining sector accounted for 7.72 percent of the total share in the first half of this fiscal. A total of 60 new contracts worth Rs 14,825.59 crore were awarded. In the Coal sector, 53 new contracts for executing works worth Rs 14,132.41 crore were awarded.
Ram Kripal Singh Construction bagged a notable contract worth Rs 2,173.76 crore from the Northern Coalfields for excavation of overburden of first dig (solid) by mechanical means such as excavators, dumpers/tippers, etc as per instructions of Engineer-in-Charge at specified places of Dudhichua OCP. VPR Mining Infrastructure secured a contract worth Rs 1,426.92 crore from Northern Coalfields for Jayant OCP of NCL in Madhya Pradesh.
In the Irrigation sector, 156 new contracts worth Rs 7,462.33 crore were awarded. The Irrigation & CAD Department, Andhra Pradesh, awarded five contracts worth Rs 5,696.3 crore. Some of the major contracts were:
- VPR Mining Infrastructure bagged a contract for construction of Papayyapalem lift irrigation with all allied component works of Babu Jagjeevan Ram Uttarandhra Sujala Sravanthi worth Rs 2,558.2 crore.
- Gaja Engineering secured a contract for formation of main canal, branch canals and distributary network of Babu Jagjeevan Ram Uttarandhra Sujala Sravanthi worth Rs 1,763.72 crore.
- VPR Mining Infrastructure bagged a contract for widening of Somasila Kandaleru Flood Flow (SKFF) canal and improvements to North Feeder Channel (G.K.N. Canal) for supplying water to Rallapadu Reservoir for augmentation of irrigation facilities in Andhra Pradesh worth Rs 1,324.97 crore.
During H1/FY22, a total of 2,749 domestic project contracts with an order value totalling Rs 1,79,126.62 crore were awarded across different states. Tamil Nadu remained the top state with 86 contracts worth Rs 17,265.17 crore in H1/FY22.
Punjab grabbed the second position with 148 work orders worth Rs 14,549.28 crore and Odisha remained at the third spot by awarding 270 contracts worth Rs 13,600.45 crore.
During H1/FY22, Indian companies bagged 28 overseas contracts across Roadways, Waste Based Power, Real Estate, Power Distribution, etc from countries like Maldives, Russia, Ghana, Malaysia, etc.
Some of the major contracts awarded were:
- Afcons Infrastructure bagged a contract worth Rs 3,922.53 crore for Greater Male Connectivity — Male to Thilafushi Link project in the Republic of Maldives on EPC basis.
- Va Tech Wabag bagged an EPC contract worth Rs 1,230 crore from Amur Gas Chemical Complex in Russia. The company will be the technology and system integrator for the integrated treatment facilities (wastewater treatment unit).
- Larsen & Toubro (L&T) bagged a contract to design and build one of the world’s largest oil & gas supply bases at King Salman Energy Park, Dammam, Kingdom of Saudi Arabia.