Support: +91-22-61011756 / help@projectstoday.com
Featured Articles
Featured Articles   -   Project Contracts
Monday, 09 Aug 2010
Share this on :
Orders Business hits 14 months low
Rs 10,348 cr orders awarded

 

 

July 2010, registered the lowest transaction in the orders and contracts business in the last 14 months. In all, 39 contracts worth Rs 10,348 crore were awarded during the month. Such low performance was witnessed in May 2009, when 27 orders worth Rs 7,871 crore were awarded.

 

However, on cumulative basis, the April - July 2010 figures still look healthy. During the first four months of the fiscal 2010-11, in all 237 contracts valued at Rs 67,663 crore were awarded indicating a rise of 10.2 per cent in the number of contracts awarded and 38.8 per cent in the aggregate value of such contracts when compared to the figures observed during the same period of the previous fiscal, 2009- 10. During April - July 2009, 215 contracts worth Rs 48,759 crore were bagged by Indian companies.

 

Of the total 39 contracts finalised in July 2010, 33 orders were originated in India and six on foreign shores. Punj Lloyd in consortium with Tecnicas Reunidas, South Africa, won a Rs 2,152.95 crore contract from Abu Dhabi Gas Development Company. The scope of work included a gas gathering package contract on EPC basis as part of a programme to develop the Shah sour gas reservoir.

 

 

Orders & Contracts Bagged by Sectors
Sectors
Rs. Crore
Share (%)
Aluminium
126
1.22
Coal/Lignite Based Power
3289
31.78
Communication Services
5
0.05
Community Services
8645
8.35
Gas Based Power
1268
12.25
Mineral Fuels
376
3.63
Miscellaneous Manufacturing
39
0.38
Nuclear Based Power
49
0.47
Other Industrial Machinery
38
0.37
Petroleum Oil & Gases
2178
21.05
Petroleum Products [Refinery]
22
0.22
Power Distribution
713
6.89
Railways
402
3.89
Real Estate
399
3.85
Roadways
300
2.9
Thermal Based Power
64
0.62
Water, Sewage & Effluent Treatment
28
0.27
Wires & Cables [Optic fibre]
189
1.83
Total
14,603
100.00
 

KEC International won three contracts worth a sum of Rs 515 crore in Nigeria, Zambia and Georgia, the US. The one in Georgia is for construction of 400 kV, 500 kV transmission lines while the other two are for supply of power cables. Ir con International was awarded a Rs 402.22 crore contract by the Sri Lanka Government to build a railway line and telecommunication system in the country.

Among the major sectors, the Electricity and Power Distribution sectors together emerged as the most happening sector with 18 orders valued at Rs 5,382 crore being awarded in July 2010.

 

DB Power was selected by BHEL for setting up 1,200 MW thermal power plant in Chhattisgarh at a contract value of Rs 2,665 crore. GVK Industries awarded a contract worth Rs 1,267.70 crore to Alstom Projects India to build two units at the new Jegurupadu-III combined cycle power plant in East Godavari district of Andhra Pradesh. Also, TRF secured a contract valued at Rs 401 crore from NTPC for design, engineering, manufacture, supply, erection, testing and commissioning of coalhandling plant on complete turnkey basis for its Vindhyachal super thermal power project Stage-IV (2x500MW) in Madhya Pradesh.

 

The Petroleum Oil & Gases sector saw two orders worth Rs 2,178 crore being finalised. Among the other sectors, some of the prominent orders finalised during July 2010 were:

 

 
  • A Rs 864 crore job work won by Ramky Infrastructure for construction of Manyawar Sri Kanshiramji University of Agriculture & Technology, Banda (Uttar Pradesh);
  • A Rs 376 crore order bagged by L&T from ONGC for execution of offshore drilling rigs and floating production units in both domestic and international markets;
  • A Rs 332 crore contract received by Diamond Power Infrastructure to supply high tension cables (723.77 km), low voltage cables (2,005 km), conductors (18,999 km) and 2,932 transformers in Gujarat and
  • A Rs 300 crore order procured by OM Metals Infraprojects in partnership with SPML Infra for development of two-lane road from Jaipur to Bhilwara via Malpura, Kekri & Shahpura (SH-12).
 

 
Post Your Comments
 
 
   
 

 

 
  
Projects Explorer App

Data Explorer - Facade Search - ProjectsToday

REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services