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Tenders in Q1FY23Project tendering activities witnessed a healthy growth in terms of both number of tenders as well as tender value in the first quarter of FY23. In terms of numbers, tendering activity saw positive growth of 63 percent Y-o-Y in Q1/FY23, while in terms of value 84.40 percent uptick was seen in project tendering. 

As against 8,559 project tenders worth Rs 1,42,108 crore announced in Q1/FY22, the country saw announcement of 13,951 tenders worth Rs 2,62,050 crore in Q1/FY23. 

Similarly, as many as 23 mega-value tenders (Rs 1,000 crore and above) with an aggregate value of Rs 44,361.06 crore were issued in Q1/FY23. These mega tenders accounted for around 17 percent of the total value of Rs 2,62,050 crore project tenders issued in Q1/FY23. In the same period last year, a total of 14 high-ticket tenders worth Rs 31,834.97 crore were published. 

Ownership

Accounting for 79.31 percent, state government agencies published 11,065 tenders worth Rs 1,75,795 crore during Q1/FY23 from 6,725 tenders worth Rs 83,955 crore issued in Q1/FY22.

On the other hand, the Central government units issued 2,594 project tenders worth Rs 84,345 crore in Q1/FY23 and cornered a share of 18.59 percent in the total tenders published. During Q1/FY22, 1,731 work-related tenders with a contract value of Rs 56,944 crore were issued.

Major Sectors

Among the major sectors, Services & Utilities (Infrastructure), Mining and Irrigation sectors remained frontrunners in tendering activities during the period. 

The Infrastructure sector, in terms of value, registered the highest growth of 87.04 percent on a Y-o-Y basis in Q1/FY23. The sector saw 12,283 project tenders worth Rs 2,25,852 crore being floated in the first quarter of this fiscal as against 7,866 tenders worth Rs 1,20,750 crore issued in the same period a year earlier. 

In this sector, Water & Sewerage Pipeline & Distribution, Roadways, Other Community Services, Power Distribution and Railways remained frontrunners during the period. 

The Water & Sewerage Pipeline & Distribution sector which ranked second in the previous year, overtook the Roadways sector to grab the first position in Q1/FY23. The sector saw issuance of 3,572 tenders worth Rs 54,008 crore in the first quarter of this fiscal as against 1,926 tenders worth Rs 14,986 crore in Q1/FY22.

The Uttar Pradesh State Water & Sanitation Mission issued 12 noteworthy tenders for development and O&M for 10 years of rural water supply projects in Mathura, Agra, Unnao, Firozabad, Ballia, Prayagraj and Chandauli districts. The aggregate value of the tenders was Rs 18,451.60 crore. 

Project tendering activities in the Roadways sector, in terms of value, saw a growth of 58.17 percent Y-o-Y in Q1/FY23. In all, 2,769 tenders worth Rs 70,109 crore were issued in Q1/FY22 as against 2,449 tenders worth Rs 44,323 crore floated in Q1/FY22. 

In terms of value, road building nodal agencies, the National Highways Authority of India (NHAI) and the Ministry of Road Transport & Highways (MoRTH) remained frontrunners during the period. 

NHAI issued two notable tenders for the construction of a six-lane access-controlled highway from Paniyala to Barodameo Section of Paniyala-Barodameo ICR in Rajasthan at a cost of Rs 2,695.73 crore. 

Apart from this, the road building agency also issued a tender for construction of a six-lane elevated corridor of the existing four-lane road at ground level from Aroor to Thuravoor Thekku Section in Kerala worth Rs 1,993.88 crore. 

In all, NHAI published 181 road building tenders with an aggregate value of Rs 17,000.05 crore. The government of India, Ministry of Road Transport & Highways (MoRTH) floated 121 tenders with an aggregate value of Rs 8,787.04 crore.

The Other Community Services sector remained at the third spot. Tendering activities in this sector grew from 1,320 tenders worth Rs 15,228 crore in Q1/FY22 to 2,383 tenders worth Rs 24,387 crore in Q1/FY23. 

The Department of Information Technology & Communication, Rajasthan published a tender worth Rs 525 crore for selecting a construction agency for the construction and maintenance of Fintech Digital Institute, Jodhpur. 

The Power Distribution sector registered healthy growth in Q1/FY23 vis-a-vis Q1/FY22. Total tenders in this sector increased from 466 tenders worth Rs 4,805 crore in Q1/FY22 to 719 tenders worth Rs 16,227 crore in Q1/FY23. 

Dakshinanchal Vidyut Vitran Nigam issued seven notable tenders for the setting up distribution infrastructure in the Banda, Jhansi, Agra, Aligarh, and Kanpur zone of Uttar Pradesh. The estimated value of the works was Rs 3,721.60 crore. 

Project tendering activities in the Railways sector shot up from 296 tenders worth Rs 10,732 crore in Q1/FY22 to 677 tenders worth Rs 26,984 crore in Q1/FY23. Southern Railway published nine noteworthy tenders for major upgradation/ redevelopment of Madurai, Chennai Egmore, Katpadi, Kollam, Ernakulam Junction (South), Ernakulam Town Station (North), Rameswaram, Puducherry and Kanniyakumari Railway Station with an aggregate value of Rs 2,361.61 crore. 

During the first quarter of this fiscal, a single high-ticket tender was published in Airways (Aviation Infrastructure) and Berths, Jetties sectors. The Indian Navy issued a tender worth Rs 2,870 crore for construction of Naval Air Station (NAS) at Site C-1, including runway, taxiways, aprons, hangar buildings, and ATC tower at Naval Base, Karwar in Karnataka. 

The Deendayal Port Trust floated a tender for the development of a multipurpose cargo berth off Tuna Tekra outside Kandla creek at Kandla in Gujarat worth Rs 1,719.22 crore. 

The Irrigation sector witnessed 1,057 tenders worth Rs 25,122 crore being floated in Q1/FY23 and accounted for 7.58 percent of the total tenders floated in this quarter. When compared to the same period a year earlier, 293 tenders worth Rs 9,932 crore were published in the sector. 

Four mega-value tenders were issued by the Narmada Valley Development Authority with an aggregate value of Rs 9,058.01 crore for the construction of dams on Shakkar river, Dudhi river, Narmada river and operation and maintenance of Handia Barrage in the state of Madhya Pradesh. 

In all, the Narmada Valley Development Authority floated 10 tenders for various irrigation works worth Rs 11,330.94 crore. 

In the Mining sector, 92 tenders worth Rs 7,968 crore were issued during Q1/FY23 vis-à-vis 61 tenders worth Rs 9,597 crore in Q1/FY22. The Central Coalfields invited bids for the development and operationalisation of Sanghamitra OCP in North Karanpura Coalfields in Chatra & Latehar districts in Jharkhand. The value of the tender was Rs 4,241.09 crore.

Apart from this, Eastern Coalfields issued a tender worth Rs 1,092.36 for the development and operation of Parasea Belbaid Reorganisation UG in Paschim Bardhaman of West Bengal. 

States

Among the states, the top 10 – Maharashtra, Jammu & Kashmir, Rajasthan, Madhya Pradesh, West Bengal, Odisha, Karnataka, Chhattisgarh, Gujarat and Uttar Pradesh – accounted for 68.42 percent of the total tenders announced across the country during Q1/FY23. 

In terms of numbers, Maharashtra retained the top position with 2,007 project-related tenders worth Rs 32,202 crore in Q1/FY23. The state accounted for 14.39 percent of the tenders published during the period. Maharashtra Jeevan Pradhikaran issued 110 tenders worth Rs 8,776.73 crore. 

Jammu & Kashmir jumped to the second position in the first quarter of this fiscal. As against 336 tenders worth Rs 4,186 crore issued in Q1/FY22, the state published 935 tenders worth Rs 4,101 crore in Q1/FY23. The Public Health Engineering Department, Jammu & Kashmir floated 664 tenders with an aggregate value of Rs 1,521.39 crore.

A total of 931 tenders with an aggregate value of Rs 23,723 crore were issued for various works across Rajasthan.

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