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Contracts worth Rs 3.30 lakh cr awarded in H1/FY23As per the initial findings of Projects Today, a total of 3,194 contracts with an order value totalling Rs 3,30,148.09 crore were awarded in H1/FY23. These orders (Domestic & Overseas) were bagged by 1,698 companies across various sectors. Further, of the 3,194 finalised contracts, 31 were bagged by Indian companies to execute job work overseas.

When compared with the similar figures for the first half of the preceding year, this indicates a growth of 39.35 percent. During H1/FY22 a total of 3,440 project contracts worth Rs 2,37,082 crore were finalised. The details on project contracts finalized become available with a time gap of around 3-4 months. Going by this assumption, the H1/FY23 project contracts amount would cross Rs 3,75,000 crore indicating a healthy growth of 58.17 percent on a Y-o-Y basis.

The first half of this financial year saw awarding of 67 mega orders (Rs 1,000 crore or more) with an aggregate value of Rs 1,74,519.7 crore. This includes seven mega orders worth Rs 26,317.19 crore by the Municipal Corporation of Greater Mumbai (MCGM), six orders worth Rs 16,447.94 crore by the NTPC and three major orders worth Rs 15,499.89 crore by the Indian Railways.

By Sectors

The Services & Utilities (Infrastructure) sector, comprising the Social and Transport sectors, accounted for 57.30 percent of the total contracts awarded during H1/FY23. The sectors saw finalisation of 2,587 contracts with an order value worth Rs 1,89,170.64 crore.

Within the Infrastructure sector, Roadways, Water, Sewage & Effluent Treatment, Railways, Water Pipelines & Distribution and Hospitals were star performers, accounting for bulk of the project contracts awarded.

In the Roadways sector, as many as 1,089 contracts valued at Rs 69,074.04 crore were awarded in H1/FY23. The sector accounted for 20.92 percent of the total contracts awarded in the Infrastructure sector. The National Highways Authority of India (NHAI) awarded 59 contracts with an aggregate value of Rs 23,316.07 crore. Among this, some of the major one are:

  1. Gawar Constructions in JV with Bharat Construction (India) bagged a major contract worth Rs 2,070 crore for construction of four-laning of NH-5 from Shakral village to Dhalli section (Shimla bypass Package-2 from 146.300 km to 156.560 km and Shimla connectivity from 0.000 km to 0.725 km for design length 10.985 km) in Himachal Pradesh on hybrid annuity mode (HAM).
  2. Dilip Buildcon secured a contract worth Rs 1,955 crore for construction of four-lane Urga Pathalgaon section of NH.130A from design ch 70.200 to ch 157.745 (from Bhaisma to Taruama) under BMP (Raipur Dhanbad EC) in Chhattisgarh on HAM.
  3. Rail Vikas Nigam in consortium with S.P. Singla Constructions bagged a contract worth Rs 1,844.77 crore for construction of four-laning of NH-5 (old NH-22) from Kaithlighat to Shakral village (Package-I from 128.835 km to 146.300 km for design length 17.465 km) in Himachal Pradesh on HAM.

Among the private construction companies, Adani Road Transport awarded two contracts with an aggregate value of Rs 9,820.99 crore under Ganga Expressway [Group-II and Group-IV].

The Water, Sewage & Effluent Treatment sector saw finalisation of 58 new contracts worth Rs 31,273.86 crore. The Municipal Corporation of Greater Mumbai (MCGM) gave out seven notable contracts for sewerage treatments plants (STPs) upgradation project under Mumbai Sewage Disposal Project- II worth Rs 26,317.19 crore. The seven STPs at Bandra, Bhandup, Ghatkopar, Malad, Versova, Worli and Dharavi will have a total capacity to treat 2,464 million ltr of sewage daily. While STPs at six locations will be upgraded, a new STP will be constructed at Dharavi.

The capital expenditure activities of the Indian Railways got a major boost with finalisation of 151 project contracts valued at Rs 23,610.73 crore in H1/FY23. Some of the major contracts awarded were:

  1. Alstom Transport India secured a contract worth Rs 3,248 crore from the Madhya Pradesh Metro Rail Corporation for design, manufacture, supply and  commissioning of standard gauge passenger rolling stock cars (with 15 years comprehensive maintenance) – 81 cars for Bhopal Metro Rail Projectand 75 cars for Indore Metro Rail Project, including signaling & train control and telecommunication systems with seven years comprehensive maintenance.
  2. Larsen & Toubro (L&T) bagged a contract from the National High Speed Rail Corporation worth Rs 3,141.99 crore for design, supply and construction of track & track related works including testing and commissioning of double line high-speed railway between Vadodara and Sabarmati Depot in Gujarat.

In the Water & Sewerage Pipeline & Distribution sector, 444 contracts for executing works with a cumulative investment of Rs 17,465.02 crore were awarded in H1/FY23. The Madhya Pradesh Jal Nigam Maryadit, one of the major players in this sector, awarded 13 contracts worth Rs 4,949.24 crore. Some other major awarded contracts include:

LCC Projects secured a contract worth Rs 1,049 crore for Gandhisagar-1 Multi-Village Scheme, while Dilip Buildcon in JV with Skyway Infraprojects bagged a contract worth Rs 1,400.04 crore for Gandhisagar-2 Multi-Village Scheme.

A total of 76 project contracts were awarded in the Hospitals sector with an aggregate value of Rs 5,463.68 crore in H1/FY23. NCC bagged a major contract worth Rs 1,058.83 crore from HLL Infra Tech Services for design, engineering, procurement and construction (EPC) including operation & maintenance of All India Institute of Medical Sciences at Bibinagar in Telangana.

A noteworthy contract worth Rs 937.89 crore was awarded in the Shipping Infrastructure sector. Man Infraconstruction bagged a contract from Bharat Mumbai Container Terminals for execution of Phase-II works at JNPT, Navi Mumbai, Maharashtra.

Projects-related orders issued in the Mining sector accounted for 16.98 percent of the total project orders finalised in H1/FY23. As many as 113 new contracts worth Rs 56,065.31 crore were awarded in this sector. Most of these were found in the Coal sector, where 97 new contracts for executing job works worth Rs 54,975.73 crore were awarded. Some of them are listed below:

  1. ACB (India) bagged a contract from Bharat Coking Coal worth Rs 5,561.97 crore for setting of 2.5 million tpa Moonidih coal washery on BOM concept.
  1. Kalinga Commercial Corporation in JV with Dhansar Engineering Company bagged a contract from South Eastern Coalfields worth Rs 4,705.97 crore for hiring of HEMM for OBR work, surface miner, pay loader and tippers for transportation of coal at Dipka OCP.
  1. GHV (India) in JV with PT Bara Daya Energi and DIL secured a contract from Coal India worth Rs 4,497.57 crore for supply of 3.00 million tonne imported steam coal through a port of discharge located on the Western coast of India.

In the Petroleum Oil & Gases sector, 11 contracts worth Rs 957.61 crore were awarded. Engineers India bagged a contract worth Rs 249 from the Oil & Natural Gas Corporation (ONGC) for restoration of gas terminal, Phase-I (Part-A) at ONGC, Hazira Plant.

The Electricity sector accounted for 13.14 percent of the total project orders awarded in H1/FY23. A total of 134 contracts with an order value of Rs 43,393.18 crore were finalised by different power companies for executing various works.

In the Coal/Lignite-based Power sector, 74 contracts for executing works with a cumulative investment of Rs 18,154.28 crore were awarded during H1/FY23. Bharat Heavy Electricals (BHEL) secured the largest order worth Rs 7,406.77 crore from NTPC for EPC package for Talcher Thermal Power Project Stage-III (2×660 MW), Odisha.

Another major contract worth Rs 6,163.20 crore was secured by Power Mech Projects (PMPL) from Adani Power. The project involves installation of wet limestone-based flue gas desulphurisation (FGD) system at Adani Group’s coal-based plants in Mundra, Tiroda, Kawai and Udupi.

In the Solar-based Power sector, 24 contracts with an aggregate value of Rs 13,620.1 crore were awarded. Tata Power Solar Systems bagged a contract from SJVN worth Rs 5,500 crore for development of 1000 MW (AC) ground mounted solar project in Bikaner, Rajasthan.

A total of 20 project contracts with an aggregate value of Rs 8,259.52 crore were awarded in the Hydelbased Power sector during the first six months of Fiscal 2022-23. Megha Engineering & Infrastructures bagged a contract worth Rs 4,427.77 from NHPC for turnkey execution of 850 MW Ratle Hydro Electric Project located at Kishtwar district in Jammu & Kashmir.

The Manufacturing sector saw finalisation of 144 contracts with an aggregate order value of Rs 31,045.31 crore. Almost half of the total amount was found in Railway Wagon & Equipment. The three contracts awarded in the sector together valued at Rs 15,499.89 crore.

The three contracts awarded by the Indian Railways were:

  1. Titagarh Wagons bagged a contract worth Rs 7,838 crore for manufacture and supply of 24,177 wagons consisting of 19,854 BCNA Wagons and 4,323 BOXNHL Wagons.
  2. Texmaco Rail & Engineering secured a contract worth Rs 6,450 crore for supply of 20,067 wagons.
  3. Oriental Foundry bagged a contract worth Rs 1,211.89 crore for supply of 2,964 wagons.

In the Petroleum Refinery sector, 77 contracts with an aggregate value of Rs 7,248.15 crore were awarded. Of these, L&T bagged a major contract worth Rs 4,812.07 crore from the Indian Oil Corporation (IOCL) for setting up a Residue Hydrocracker Unit (RHCU) at Panipat Refinery on EPCC basis.

In the Irrigation sector, during H1/FY23 period, 216 new contracts worth Rs 10,473.65 crore were awarded. L&T bagged a major contract worth Rs 1,355.02 crore from the Public Health Engineering Department, Rajasthan to execute a parallel carrier system to the Rajiv Gandhi Lined Canal (RGLC Phase-III) on a single point responsibility basis.


During H1/FY23, a total of 3,163 domestic project contracts with an order value totalling Rs 3,23,320.64 crore were awarded across different states. Maharashtra retained its top position with 637 contracts worth Rs 56,959.2 crore in H1/FY23.

Rajasthan ranked second with 64 work orders worth Rs 22,651.95 crore and Uttar Pradesh settled for the third spot by awarding 213 contracts worth Rs 22,531.45 crore.

Awarders & Awardees

The Municipal Corporation of Greater Mumbai (MCGM), where election is due in December 2022, topped the list of contract awarders by giving out 13 contracts valued at Rs 28,343.45 crore.

MCGM was followed by the NHAI with 59 contracts worth Rs 23,316.07 crore. NTPC, the thermal power giant, finalised 41 contracts worth Rs 18,128.08 crore. Among the 1,698 awardees, the construction giant KEC international alone secured 42 contracts, followed by L&T with 39 contracts.

Overseas Contracts

During H1/FY23, Indian companies bagged 31 overseas contracts across Power Distribution, Water, Sewage & Effluent Treatment, Aviation Infrastructure, Roadways, etc. from countries like Senegal, Maldives, the USA, etc.

Some of the major overseas contracts were as follows:

  1. Va Tech Wabag in consortium with Toyota Tsusho Corporation and Eiffage Genie Civil bagged a contractworth Rs 1,218.01 crore from Societe Nationale Des Eaux Du Senegal (Sones)to design, build, operate (DBO) a 50 MLD (expandable to 100 MLD) Mamelles Sea Water Desalination plant.
  2. JMC Projects (India) secured a contract worth Rs 1,012 crore from the Government of Maldives to develop Hanimaadhoo International Airport.
  3. Ashoka Buildcon bagged a contract worth Rs 832.48 crore from the Government of the Cooperative Republic of Guyana for executing Phase 1 of the East Bank-East Coast Road Linkage Project.


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