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Contracts worth Rs 3.46 lakh cr awarded in Q1-Q3/FY22

In the first nine months of the fiscal year 2021-22, as per the initial findings of Projects Today, in all, 4,559 project contracts with an aggregate order value of Rs 3,46,675.44 crore were awarded. These orders (domestic and overseas) were bagged by 2,118 companies across various sectors.

Services & Utilities, comprising the Social and Transport sectors, accounted for a healthy 71.51 percent share of the total contracts awarded in the first three-quarters of FY22 (Q1-Q3/FY22). The sector saw finalisation of 3,688 contracts worth order value of Rs 2,47,919.19 crore.

Of the 4,559 contracts finalised, 194 were of mega size with job works of Rs 500 crore or more. These contracts together valued at Rs 2,27,835.61 crore.

Within the Infrastructure sector, Roadways, Railways, Community Services, Hospitals and Real Estate sectors were star performers and accounted for bulk of the project contracts awarded during Q1-Q3/FY22.

In the Roadways sector, as many as 1,479 contracts valued at Rs 1,12,419.23 crore were awarded during the nine months period. The sector accounted for 32.43 percent of the total contracts awarded during the period. In this sector, currently the most active project executing organisation, NHAI awarded 104 contracts with an aggregate value of Rs 74,312.74 crore. Of these, 13 contracts worth Rs 14,635.67 crore were part of the Delhi-Amritsar-Katra Expressway project. Apart from this, six contracts were given out for the construction of Vadodara-Mumbai Expressway with an aggregate value of Rs 7,846.42 crore. Additionally, three contracts part of the Bangalore-Chennai Expressway, valued at Rs 3,758.74 crore were awarded.

In the northern state of Uttar Pradesh, the state nodal agency, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) awarded four major contracts for developing 594 km access-controlled six-lane Ganga Greenfield Expressway connecting Meerut and Prayagraj under the public-private partnership (PPP) mode under design, built, finance, operate and transfer (DBFOT) basis. The four contracts were bagged by:

  1. Group I: IRB Infrastructure Developers (Meerut-Amroha districts, 129.700 km)
  2. Group II: Adani Enterprises (Budaun-Hardoi districts, 151.700 km)
  3. Group III: Adani Enterprises (Hardoi-Unnao districts, 155.700 km)
  4. Group IV: Adani Enterprises (Unnao-Prayagraj districts, 156.947 km)

Capex activities in the Railways sector got a major boost with the finalisation of 203 contracts valued at Rs 46,429.78 crore. The sector accounted for 13.39 percent of the total contracts awarded during the period. The Chennai Metro Rail (CMRL) gave out 12 notable contracts worth Rs 11,598.64 crore. Of this, the major contracts were:

  1. 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 and associated works.
  2. Tata Projects secured a contract worth Rs 1,999 crore for construction of approximate nine km twin bored tunnels from TBM retrieval shaft near Venugopal Nagar to Kellys Metro station and associated works.
  3. L&T bagged another contract worth Rs 1,656 crore for construction of elevated viaduct of approximately 12.431 km length between CMBT Metro Station (excluding station) and Puzhuthivakkam Metro Station including special spans, construction of 12 of elevated stations and all associated works of Corridor-5.

Apart from this, the National High Speed Rail Corporation (NHSRCL) awarded nine contracts with an aggregate value of Rs 10,418.44 crore. The major contracts awarded include:

  1. Ircon International bagged a contract worth Rs 5,142.79 crore for design, supply and construction of track and track related works for Mumbai-Ahmedabad High Speed Rail (Package MAHSR T-2).
  2. Ircon International in JV with Dineshchandra R Agrawal Infracon bagged a contract worth Rs 3,429 crore for design and construction of civil and building works for double line high-speed railway involving Ahmedabad station, Sabarmati station, viaduct and bridges & associated works for Package MAHSR C-7.
  3. Tata Consulting Engineers in JV with Consulting Engineers Group-Aarvee Associates Architects Engineers & Consultants and PADECO Co secured a contract worth Rs 1,014.94 crore for project management consultancy services for the construction of civil works packages of MAHSR project.

On other hand, NCC bagged three contracts for the construction of elevated structures (viaduct and stations) of 37.692 km from ch0.000 mtr ch 36511.000 mtr and 15 elevated Metro stations and allied works of Bengaluru Metro Rail Project Phase-2B with an aggregate value of Rs 2,167.24 crore.

The Other Community Services sector saw finalisation of 627 new contracts worth Rs 14,343.45 crore. L&T bagged the largest contract worth Rs 3,141.99 crore from the Central Public Works Department (CPWD) for construction of Common Central Secretariat Integrated Buildings 1, 2 & 3 including operation & maintenance for five years in Plot-137, New Delhi.

In the Real Estate sector, a total of 97 projects contracts were awarded to execute the job with an aggregate value of Rs 11,064.68 crore. 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 prepainted (GI) steel window frame to the Andhra Pradesh State Housing Corporation (APSHC) for implementation of Navaratnalu-PedalandarikiIllu Scheme.

In the Hospital sector, during Q1-Q3/FY22 period, 112 new contracts worth Rs 8,373.87 crore were awarded. L&T bagged a mega contract worth Rs 2,676.25 crore from the Odisha Bridge & Construction Corporation for redevelopment and expansion of SCB Medical College and Hospital, Cuttack under Phase-1.

The Ports sector saw finalisation of a single big-ticket contract bagged by Navayuga Engineering in JV with Aurobindo Realty & Infrastructure valued at Rs 2,634.65 crore from the Andhra Pradesh Maritime Board for the construction of greenfield port at Ramayapatnam in Prakasam district on EPC basis.

Projects-related orders in the Electricity sector accounted for 8.12 percent of the total contracts value awarded in the first nine months of FY22. The period saw awarding of 202 contracts worth Rs 28,133.58 crore.

The Nuclear-based Power sector saw finalisation of ten new contracts worth Rs 14,226.2 crore. Of this, the largest order valued at Rs 10,800 crore was secured by Bharat Heavy Electricals (BHEL) the Nuclear Power Corporation of India (NPCIL) for engineering, procurement and construction (EPC) of turbine island for six units of 700 MWe. The work envisages setting up of four units of 700 MWe at Gorakhpur, Haryana, and two units of 700 MWe at Kaiga, Karnataka.

The Coal/Lignite-based Power sector saw finalisation of 109 new contracts worth Rs 4,452.29 crore. Thermax bagged a major contract worth Rs 830 crore from Prayagraj Power Generation Company to set up flue gas desulphurisation (FGD) systems for three units of 660 MW capacity each being set up in Uttar Pradesh.

The Hydel-based Power sector witnessed finalisation of 14 mega contracts with an aggregate value of Rs 3,653.88 crore. Patel Engineering bagged the largest contract worth Rs 1,251 crore from Lanco Teesta Hydro Power for hydro-mechanical works of Teesta Hydroelectric Project (Stage-VI) (Package-III) 500 MW in Sikkim.

In the Manufacturing sector, 316 project contracts valued at Rs 27,687.26 crore were awarded. The sector accounted for 7.99 percent of the total contracts awarded during Q1-Q3/FY22.

The Petroleum Products [Refinery] sector saw finalisation of 183 new contracts worth Rs 12,532.23 crore. Megha Engineering & Infrastructures bagged three contracts worth Rs 5,032.94 from the Indian Oil Corporation (IOCL) for its Gujarat Refinery project (Package – EPCC-2, EPCC-3 and EPCC-6).

In the Petrochemicals [Hydrocarbon] sector, five new contracts worth Rs 7,801.48 crore were awarded. The two major contracts were:

  1. Technip India bagged a contract worth Rs 3,426.09 crore from IOCL for EPCC-01 package for the Purified Terephthalic Acid (PTA) project at IOCL, Paradip Refinery, Odisha.
  2. Tecnimont S.p.A. in consortium with Tecnimont bagged a contract worth Rs 3,334.56 crore from IOCL for EPCC-02 Paraxylene (PX) plant at IOCL, Paradip Refinery, Odisha.

Projects-related orders in the Mining sector accounted for 7.93 percent of the total share in Q1-Q3/FY22. As many as 113 contracts with orders totalling Rs 27,500.33 crore were awarded.

In the Coal sector, a total of 89 project contracts were awarded for mine development and mine operation jobs with an aggregate value of Rs 25,787.73 crore. Some of the major contracts awarded were:

  1. Dilip Buildcon bagged a contract from South Eastern Coalfields worth Rs 2,683.02 crore for hiring of HEMM and allied equipment for the work of over burden removal, etc as detailed in NIT for total quantity of 23,61,83,246 CUM, for a period of 1,795 days at Amadand OCP, Jamuna Kotma Area of SECL on EPC basis.
  2. Ram Kripal Singh Construction secured a contract from the Northern Coalfields worth Rs 2,173.76 crore 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.

In the Irrigation sector, as many as 240 contracts with an order value of Rs 15,435.08 crore were awarded during the nine months. VPR Mining Infrastructure bagged a mega contract worth Rs 2,558.2 crore from the Irrigation & CAD Department, Andhra Pradesh, for detailed investigation, formation of gravity canal from 3.150 km to 23.200 km and main canal from 0.000 km to 40.000 km, branch canals and distributory network including CM & CD works and construction of Papayyapalem lift with all allied component works of Babu Jagajeevan Ram Uttarandhra Sujala Sravanthi.

Top States

Among the states, Tamil Nadu topped the table with 148 project contracts worth Rs 25,354.63 crore being awarded during Q1-Q3/FY22. Punjab grabbed the second spot with 263 contracts valued at Rs 24,280.02 crore, followed by Gujarat with cumulative contract value of Rs 23,051.75 crore. Karnataka with an aggregate contract value of Rs 21,427.03 crore and Odisha with Rs 21,038.61 crore settled with fourth and fifth positions.

Awarder & Awardees

The National Highways Authority of India (NHAI) topped the list of contract awarders by giving out 105 contracts valued at Rs 74,321.44 crore. NHAI was followed by the Indian Oil Corporation (IOCL), with 219 contracts worth Rs 20,098.1 crore, and the Nuclear Power Corporation of India (NPCIL) finalised seven contracts worth Rs 14,091.15 crore. Among the 2,118 awardees that won 4,559 project contracts, the construction giant Larsen & Toubro alone secured 53 contracts, followed by Ircon International with seven contracts.

Overseas Contracts

Indian companies bagged 49 overseas contracts in sectors like Roadways, Waste-based Power, Power Distribution, etc in countries like Maldives, Russia, Ghana, etc. Afcons Infrastructure bagged one of the major overseas contracts for Greater Male Connectivity-Male to Thilafushi Link Project on EPC basis.

Another major overseas contract was given out by PT Angkasa Pura II to GMR Airports for development and operation of Kualanamu International Airport in Medan, Indonesia.


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