Share This !

Contracts worth Rs 5.46 lakh cr awarded in FY2022As per the initial findings of Projects Today, a total of 6,336 project contracts with an order value totalling Rs 5,46,228.73 crore were awarded in FY22. These orders (Domestic & Overseas) were bagged by 2,808 companies across various sectors. Further, of the 6,336 finalised contracts, 79 were bagged by Indian companies to execute job work overseas.

As many as 149 mega project contracts (worth Rs 1,000 crore and above) with an aggregate value of Rs 2,49,579.82 crore were awarded in FY22. These mega contracts accounted for over 46 percent of the total contracts awarded during the year.

By Sectors

The Services & Utilities (Infrastructure) sector, which comprises the Social and Transport sectors, accounted for a share of 73.95 percent of the total contracts awarded for FY22. The sectors saw finalisation of 5,057 contracts with order value worth Rs 4,03,955.3 crore.

Within the Infrastructure sector, Roadways, Railways, Community Services, Water Pipelines & Distribution, Hospitals, Real Estate and Ports were star performers, accounting for bulk of the project contracts awarded.

In the Roadways sector, as many as 2,009 contracts valued at Rs 1,92,717.02 crore were awarded during the fiscal. The sector accounted for 35.28 percent of the total contracts. The National Highways Authority of India (NHAI) remained the frontrunner with 205 road building contracts with an aggregate value of Rs 1,40,020.58 crore. Of this, 12 contracts were awarded for construction of four/six-lane greenfield Delhi-Amritsar-Katra Expressway with a total value of Rs 13,756.33 crore. Apart from this, 12 contracts were given out for Raipur-Visakhapatnam Economic Corridor with an aggregate value of Rs 12,120.6 crore. Under Vadodara-Mumbai Expressway, six contracts with an aggregate value of Rs 7,846.42 crore were awarded.

Healthy growth was also seen in awarding of hybrid annuity mode (HAM) project. During the fiscal, the nodal agency NHAI awarded as many as 85 road projects on HAM basis. These road projects entailed a total investment of Rs 89,983.54 crore.

The state-owned Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) awarded four major contracts for developing 594 km Ganga Expressway connecting Meerut and Prayagraj on the public private partnership (PPP) mode under design, built, finance, operate and transfer (DBFOT) basis. This includes:

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)

The Railways sector got a major boost with 259 project contracts valued at Rs 70,135.06 crore being awarded. The sector accounted for 12.84 percent of the total contracts awarded during the period. The Chennai Metro Rail (CMRL) gave out 17 contracts worth Rs 15,722.25 crore. Of this, some of the major contracts were:

1. ITD Cementation India bagged two contracts worth Rs 3,743.24 crore for construction of underground stations at Light House, Kutchery Road, Alwarpet, Bharathidasan Road including underground stabling yard and cross over at Light House station & associated twin tunnel (UG 01) and for Boat Club, Nandanam, Panagal Park, Kodambakkam, Kodambakkam flyover including underground cross over at Panagal Park station & associated twin tunnel (UG 02).

2. Larsen & Toubro (L&T) bagged a contract worth Rs 2,385 crore for the construction of approximate 12 km twin bored tunnels from Kellys Metro Station to Taramani Road Junction Metro station and associated works.

3. Tata Projects secured a contract worth Rs 1,999 crore for the construction of nine km twin bored tunnels from TBM retrieval shaft near Venugopal Nagar to Kellys Metro station and associated works.

Apart from this, the National High-Speed Rail Corporation (NHSRCL) awarded 11 contracts with an aggregate value of Rs 13,186.56 crore. Ircon International secured one of the mega value contracts worth Rs 5,142.79 crore for the design, supply and construction of track and track related works for Mumbai-Ahmedabad High-Speed Rail (Package MAHSR T-2).

The Delhi Metro Rail Corporation (DMRC) also gave out some major contracts. In all, the rail building agency awarded 43 contracts with an aggregate value of Rs 12,057.5 crore.

A positive trend was also witnessed in the Water & Sewerage Pipeline & Distribution sector. As many as 703 new contracts with a total value of Rs 33,693.38 crore were finalised in this sector.

The Uttar Pradesh State Water & Sanitation Mission awarded 13 contracts with an aggregate value of Rs 10,695 crore. Vindhya Telelinks secured four contracts worth Rs 3,787 crore for survey, design, preparation of detailed project report (DPR), construction, commissioning, and operations and maintenance (O&M) for a period of 10 years of rural water supply for 3,787 villages in four revenue divisions of Uttar Pradesh.

The Other Community Services sector saw finalisation of 890 new contracts worth Rs 19,692.03 crore. L&T bagged the largest contract worth Rs 3,141.99 crore from the Central Public Works Department (CPWD) for the construction of Common Central Secretariat Integrated Buildings 1, 2 & 3 including operation & maintenance for five years in Plot-137, New Delhi.

Another notable contract, in this sector, was secured by Ahluwalia Contracts (India) worth Rs 890 crore from the Building Construction Department, Bihar for construction of Bihar Animal Science University in Patna district.

The Ports sector saw finalisation of two major contracts awarded by the Andhra Pradesh Maritime Board:

1. Vishwa Samudra in JV with R R Constructions bagged a contract worth Rs 2,949.7 crore for the construction of greenfield port at Bhavanapadu in Srikakulam district on engineering, procurement and construction (EPC) basis.

2. Navayuga Engineering in JV with Aurobindo Realty & Infrastructure valued at Rs 2,634.65 crore for the construction of a greenfield port at Ramayapatnam in Prakasam district on an EPC basis.

In the Real Estate sector, a total of 152 projects contracts were awarded to execute jobs with an aggregate value of Rs 13,877.02 crore. NCL Industries in consortium with NCL Buildtek bagged a mega-value contract worth Rs 1,863.19 crore from the Andhra Pradesh State Housing Corporation for the supply of pre-painted (GI) steel window frame for the implementation of Navaratnalu-Pedalandariki Illu Scheme.

Another notable contract, in this sector, was secured by L&T worth Rs 1,560 crore from the Prestige Estates Projects to construct one of the largest residential townships at Sarjapur Road, Bengaluru.

In the Hospital sector, a total of 154 new contracts worth Rs 9,981.16 crore were awarded. L&T bagged a high-ticket contract worth Rs 2,676.25 crore from the Odisha Bridge & Construction Corporation for the redevelopment and expansion of SCB Medical College and Hospital, Cuttack.

In the Manufacturing sector, 437 project contracts valued at Rs 48,107.13 crore were awarded. The sector accounted for 8.81 percent of the total contracts awarded during FY22.

The Petroleum Products [Refinery] sector saw finalisation of 234 new contracts worth Rs 14,992.13 crore. Megha Engineering & Infrastructures bagged three contracts worth Rs 5,032.94 from the Indian Oil Corporation (IOCL) for Gujarat Refinery project (Package- EPCC-2, EPCC-3 and EPCC-6).

Another notable contract, in this sector, was secured by Thermax worth Rs 1,176 crore for EPCC-3 Package Sulphur Recovery Block (SRB) for Numaligarh Refinery expansion project in Assam.

In the Petrochemicals [Hydrocarbon] sector, during FY22 period, 10 new contracts worth Rs 7,817.58 crore were awarded. Some of the major contracts were:

1. Technip India bagged a contract worth Rs 3,426.09 crore from IOCL for EPCC-01 Package for 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.

In the Aircraft sector, a total of 13 projects contracts were awarded to execute the job with an aggregate value of Rs 9,481.54 crore. Hindustan Aeronautics bagged a major contract worth Rs 3,887 crore from the government of India, Ministry of Defence for procurement of 15 Light Combat Helicopters (LCH) Limited Series Production (10 for the Indian Air Force and five for the Indian Army).

The Arms & Ammunitions sector witnessed finalisation of five contracts worth Rs 3,436.82 crore. Bharat Dynamics bagged a contract worth Rs 3,131.82 for the manufacture and supply of Konkurs-M Anti-Tank Guided Missiles to the Indian Army.

Projects-related orders in the Mining sector accounted for 7.10 percent of the total share. As many as 148 contracts with orders totalling Rs 38,807.6 crore were awarded during the period.

In the Coal sector, 116 project contracts were awarded to execute mostly the development and mine operation jobs with an aggregate value of work orders worth Rs 35,914.25 crore. Some of the major contracts awarded were:

1. Nilkanth Mining Co, in JV with Saakar Infra Nirman bagged a mega-value contract worth Rs 4,713 crore from the South Eastern Coalfields for hiring of HEMM for excavating all kinds of strata OB Removal, deployment of suitable capacity surface miner, loading and transportation of cut coal at Kusmunda OCP and all other activities as detailed in NIT and BOQ.

2. Dilip Buildcon won a contract from the South Eastern Coalfields worth Rs 2,683.02 crore for hiring of HEMM and allied equipment for work of over burden removal, etc as detailed in NIT for a total quantity of 23,61,83,246 CUM at Amadand OCP, Jamuna Kotma area on EPC basis.

3. Ram Kripal Singh Construction bagged 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.

Projects-related orders in the Electricity sector accounted for 5.71 percent of the total share awarded in FY22. As many as 341 contracts with orders totalling Rs 31,182.59 crore were awarded.

The Nuclear-based Power sector saw finalisation of 10 new contracts worth Rs 14,226.2 crore. The Bharat Heavy Electricals (BHEL) secured the largest-ever order worth Rs 10,800 crore from 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 213 new contracts worth Rs 6,785.71 crore. Thermax bagged a 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 in the state of Uttar Pradesh.

The Hydel-based Power sector witnessed finalisation of 25 contracts with a total value of Rs 4,056.19 crore. Patel Engineering bagged the major contract worth Rs 1,251 crore from Lanco Teesta Hydro Power for hydro-mechanical works of Teesta Hydroelectric Project (Stage- VI) 500 MW in Sikkim.

The Solar-based Power sector saw finalisation of 73 new contracts worth Rs 4,471.25 crore. Tata Power Solar Systems bagged a major contract worth Rs 945 crore from the Solar Energy Corporation of India (SECI) to build a 100 MW EPC solar project along with 120 MWh utility scale battery energy storage system (BESS) at Chhattisgarh.

In the Irrigation sector, as many as 353 contracts with an order value Rs 24,176.1 crore were awarded during FY22. RVR Projects in JV with NEC bagged a high-ticket contract worth Rs 5,162.49 from the Narmada Valley Development Authority for construction, operation & maintenance of Chinki and Boras barrages, power house with all ancillary works in Madhya Pradesh.

Another notable contract was awarded to VPR Mining Infrastructure worth Rs 2,558.2 crore by the Irrigation & CAD Department, Andhra Pradesh for detailed investigation, formation of gravity canal from 3.150 km to 23.200 km & 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, Uttar Pradesh was the front-runner where 544 project contracts worth Rs 38,095.62 crore were finalised in FY22. Maharashtra grabbed the second position with 940 contracts valued at Rs 37,025.52 crore, followed by Madhya Pradesh at the third spot with a cumulative contract value of Rs 35,110.43 crore. The fourth position was bagged by Tamil Nadu with a contract value of Rs 34,121.99 crore and the fifth spot was claimed by Gujarat with 151 work orders pegged at Rs 31,710.07 crore.

Awarders & Awardees

The National Highways Authority of India (NHAI) topped the list of contract awarders by giving out 207 contracts valued at Rs 1,40,040.41 crore. Of this, 205 were highways contracts and the remaining two for other works. NHAI was followed by the Indian Oil Corporation (IOCL), with 251 contracts worth Rs 22,297.89 crore, and the Chennai Metro Rail (CMRL) finalised 18 contracts worth Rs 15,742.86 crore. Among the 2,808 awardees that won 6,336 project contracts, the construction giant Larsen & Toubro alone secured 85 contracts, followed by KEC International with 51 contracts.

Overseas Contracts

Indian companies bagged 79 overseas contracts in sectors like Roadways, Railway Wagon & Equipment Waste-based Power, Power Distribution, etc in countries like Maldives, Italy, Myanmar, etc. Afcons Infrastructure bagged one of the major overseas contracts worth Rs 3,922.53 crore for Greater Male Connectivity-Male to Thilafushi Link project on EPC basis.

Another major overseas contract was awarded to Titagarh Firema S.P.A. worth Rs 2,380 crore for the design, manufacture, supply and 10 years of maintenance of 38 trainsets of Metro for Lazio Regione, Italy.

LEAVE A REPLY

Please enter your comment!
Please enter your name here