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Tata Power secured the largest project order of FY14, with an order value of Rs 10,240 crore. The overseas contract from the Government of Vietnam was awarded for the development of 2x660 MW Long Phu-2, coal-fired thermal power project. The project is being billed as the largest Indian investment in Vietnam, bagged against stiff competition from South Korean and Russian companies.
Contracts awarded for execution of a part or whole of a project is a clear indication of a project migrating from the planning stage to execution stage. The fiscal year 2013-14 saw a total of 2,251 orders & contracts being awarded, with an order value totaling Rs 2,84,271.54 crore, as per the data compiled by ProjectsToday. These domestic and overseas contracts were bagged by 910 companies across various sectors.
On the domestic front, Patel Engineering, in a consortium with BHEL and Turkey- based Limak, bagged the largest contract of FY14. The Rs 8,904 crore contract was awarded by Chenab Valley Power Projects to set up a 1,000 MW (4x250 MW) Pakal DUL Hydel Power Project in Doda district of Jammu & Kashmir. BHEL will design, manufacture and commission 4x250 MW Francis turbine generator units for this project.
Larsen & Toubro (L&T) bagged the largest number of contracts. In all, L&T garnered 120 contracts, worth Rs 67786.40 crore, in FY14. The largest amongst these, was the Rs 8250 crore overseas contract bagged by L&T Construction from Ar-Riyadh Development Authority for the design, construction and commissioning of 41 Km metro project line 3 in Riyadh, Saudi Arabia. Another notable contract bagged by L&T was the Rs 6,700 crore contract from Dedicated Freight Corridor Corporation of India. L&T, in consortium with Sojitz Corporation of Japan, bagged the contract for laying a 640 km track between Rewari in Haryana and Palanpur in Gujarat. The stretch is part of the 1,483 km western dedicated rail freight corridor to be built between Dadri near Delhi and Jawaharlal Nehru Port near Mumbai.
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Major Sector-wise Orders & Contracts awarded in FY13-14 |
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Industry |
Orders
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Rs. Crore
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Manufacturing |
362
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23,142
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Mining |
49
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10,120
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Infrastructure |
1320
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156,714
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Irrigation |
60
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10,678
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Power |
460
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83,617
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Total |
2,251
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284,272
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Order value-wise, L&T was followed by Bharat Heavy Electricals (BHEL), which bagged 34 contracts worth Rs 27,650.79 crore. BHEL bagged a Rs 7,900 crore contract from NTPC for setting up North Karanpura Super Thermal Power Project (3x660 MW) located in Chatra district of Jharkhand, on EPC basis. Another notable contract secured by BHEL was from NTPC for the development of a 15 MW grid-Interactive solar photovoltaic power plant in Sonbhadra district of Uttar Pradesh, on EPC basis.
Sector-wise, the majority of contracts were awarded in the coal-fired power sector which saw finalization of 326 contracts, worth Rs 57,488.9 crore. It was followed by the related power distribution sector where 280 contracts worth Rs 34,974.38 crore were awarded. Contract number-wise, the roadways sector is at third place where 247 contracts worth Rs 20,748.93 crore were awarded, while order value-wise, the Railways sector saw 85 contracts worth Rs 31,369.11 crore being awarded.
Out of the 85 contracts awarded in the Railways sector, 40 contracts worth Rs 11,030 crore were awarded by Delhi Metro Rail Corporation. Amongst these, a Rs 4,187 crore order was secured by Hyundai Rotem India for supplying 486 nos standard gauge electrical multiple units (EMUs) for Delhi Metro Rail Project Phase-III.
In the Roadways sector, though NHAI was inactive for most part of the year, it did finalise some major contracts. These include, a Rs 1,500 crore contract bagged by IRB Infrastructure Developers for four laning of Solapur to Yedeshi 98.717 km section of NH-211 in Maharashtra, on DBFOT basis, under NHDP Phase-IV. Three more contracts were awarded by NHAI totaling Rs 612.34 crore. Amongst state government entities, Bihar State Road Development Corporation awarded a Rs 1,777 crore contract to Navayuga Engineering for construction of 21.5 km Ganga Path from Digha Ghat to Didarganj Road in Patna district.
In the Shipping sector, the much delayed Rs 8,000 crore fourth container terminal at Jawaharlal Nehru Port was awarded to PSA International in February 2014. PSA International emerged as the highest bidder as it offered to share 35.79 per cent of the revenue with the government.
In FY14, Indian companies bagged 156 overseas contracts. The majority of these contracts were in the power distribution sector. About 45 contracts, worth Rs 10,650.54 crore were awarded in this sector. L&T Construction bagged a Rs 2,935 crore order from Qatar General Electricity & Water Co for supplying, testing and commissioning of gas insulated switchgear, power transformers, cables, air insulated switchgear etc. Besides power distribution, 31 overseas contracts worth Rs 7,237.12 crore were awarded in the computer software sector. The majority of the overseas contracts bagged by Indian companies were from Saudi Arabia, United Arab Emirates, USA and UK.
Learn more about Orders & Contracts awarded in FY14 in the upcoming issue of ProjectsToday magazine. The magazine issue will be available in downloadable PDF form in the second week of April 2014.
Note: #Data compiled from 1 April 2013 to 10 March 2014
@The awarder and contract value of some contracts have not been disclosed
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