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Contracts worth Rs 34,001 cr awarded in Feb

Wednesday, 07 Mar 2018
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According to a preliminary study conducted by Projects Today, a total of 278 project contracts with an order value totalling Rs 34,001.15 crore were awarded in February 2018.

These orders (domestic and overseas) were bagged by 151 companies across various sectors. Further, of the 278 finalised contracts, six were bagged by Indian companies to execute job work overseas.



When compared to February 2017, the overall value of orders rose from Rs 13,531.97 crore to Rs 34,001.15 crore in February 2018 in sectors like telecom services, petroleum oil and gases, coal-based power and real estate.

A sharp rise in contracts awarded was seen in the coal-based power sector, which doubled from Rs 3,319 crore in January 2018 to Rs 6,677 crore in February 2018. Reliance Infrastructure bagged the single largest contract in this sector worth Rs 3,647 crore from Tamil Nadu Generation & Distribution Corporation (TANGEDCO).



A single contract worth Rs 3,500 crore saw projects contract sum increasing from a mere Rs 13.1 crore in February 2017 to Rs 3,500 crore in February 2018 in the telecom sector.

On the downside, roadways contracts awarded fell sharply in February vis-a-vis January 2018. As against contracts worth Rs 11,676.48 crore finalised in January only Rs 4,219.8 crore road contracts were awarded in February 2018. A mega contract worth Rs 4,899 crore was awarded to IL&FS Transportation Networks for construction and maintenance of two-lane Bi-Directional Zojila Tunnel in Jammu and Kashmir in January 2018.

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