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Monday, 08 Aug 2011
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Orders business hits seven months low 33 contracts worth Rs 10,452 crore awarded

October Orders & Contracts_ProjectsToday
 

 

"This is a prestigious project that recognises Essar project's capability and competiveness in the SE Asian EPC market. This order is in line to actively participate in third party projects around the globe. A third of EPL's current order book of USD 6 billion comprises of third party contracts and we plan to take this to 50 per cent going forward."

 

Alwyn Bowden, President & CEO,
Essar Projects

 

 

July 2011 witnessed lowest transaction in the orders and contracts segment in the last seven months. In all, 33 contracts worth Rs 10,452 crore were awarded during the month. Similar trends were seen in July 2010, when only 39 contracts worth Rs 10,348 crore were awarded. However, on a cumulative basis, the April- July 2011 figures look healthy as 193 contracts worth Rs 49,088 crore were awarded during the period. This shows around 16 per cent increase in the aggregate value of contracts awarded as compared to the figures of the same period of April-July 2010.

 

Of the total 33 contracts finalised in July 2011, 26 contracts were bagged in India, while six contracts were secured on foreign shores. Biggest contract of the month worth Rs 1,424 crore was clinched by Essar Projects from Jurong Aromatics Corporation Pte. The scope of work includes construction of storage tanks, jetties with loading and unloading arms and pipeline systems for aromatics complex in Jurong Island of Singapore. Also, Praj Industries bagged an order worth over $22 million (approx Rs 97.9 crore) from Isolux Corsan of Spain for an ethanol plant of Bioenergy S A in Colombia. The scope of work involves supply of the main process plant for ethanol production, including the concentration of vinasse for use as liquid fertilizer.

 

Punj Lloyd secured three contracts worth Rs 639 crore in Assam, Karnataka and West Bengal. The company has bagged an order for New Bongaigaon thermal power project for underground civil work, piling and foundations for overground civil, structural and architectural work for the buildings such as main plant, air washer, ESP control, and service, mill, bunker and conveyor galleries, construction of the administration building and auditorium, the operation and maintenance workshop and the CHP office-cumworkshop in the offsite area. The other contracts include construction and relate activities for Indian Strategic Petroleum Reserves' upcoming crude oil storage cavern in Mangalore, Karnataka and for the construction of 194 villas at Kolkata West international City (KWIC), in West Bengal.

 

 
Orders - Sectorwise
 Country
Rs Crore
Share %
 Alchohol & Derivative
98
0.94
Articles of Iron & Steel
121
1.17
Automobile Ancillaries
145
1.40
Coal/Lignite Based Power
658
6.35
Finished Steel
127
1.23
Hydel Based Power
2,349
22.68
Inorganic Chemicals
1,424
13.75
Other Fertilisers
16
0.15
Storage & Distribution
330
3.19
Petrochemicals [Hydrocarbon]
1,094
10.56
Power Distribution
1,210
11.69
Real Estate
194
1.87
Roadways
788
7.61
Solar based Power
0
0.00
Water, Sewage & Effluent Treatment
1,249
12.06
Wind Based Power
650
6.28
 Grand Total
10,452
100.00
 

The Power sector emerged at the top with a total of 12 contracts worth Rs 3,657 crore. The sector had a 35 per cent share in the total order value of the month. However, bulk of the aggregate value was accounted by the two large contracts bagged by Jaiprakash Associates. The company bagged orders for Punatsangchhu-I hydro electric project in Bhutan. The orders were valued at Rs2,079 crore. The scope of work involved construction of head race tunnel from surge shaft end, surge shaft, butterfly valve, chamber, pressure shafts, diversion tunnel, dam intake, de-silting arrangement power house and tailrace tunnel including hydro-mechanical works of Punatsangchhu-I hydro electric project in Bhutan.

 

During the month, Isolux Corsan clinched an order from the Uttar Pradesh Power Corporation for construction and operation of 1,600 km of high voltage transmission lines and five transformer substations on BOOT basis in India. The concession will last for 37.5 years.

 

 

 
Orders Countrywise
 Country
Rs Crore
Share %
 Bangladesh
16
0.15
 Bhutan
2,079
20.08
 Germany
145
1.40
 India
5,481
52.93
 Qatar
1,210
11.69
 Singapore
1,424
13.75
 Grand Total
1,210
100.00
 

In the Petrochemicals sector, Samsung Engineering and Shriram EPC bagged one contract each with a contract value of Rs 1,019 crore and Rs 75 crore respectively. Samsung will build a high-density polyethylene plant (HDPE), which will produce three to four lakh tpa of HDPE for OPaL at Dahej SEZ in Gujarat.

 

The Orissa Government awarded three contracts to ARSS Infrastructure Projects for improvement of Boinda - Athmallik Road (MDR) from 0/0 to 15/0 k.m. in Angul; Bhwanipatna - Rayagada Road from 0/0 to 26/0 K.M in Kalahandi and; for construction of roads in Puri.

 

 
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