In December 2014, a total of 175 contracts valued at Rs.18,359.95 crore were awarded, according to data compiled by ProjectsToday. These domestic and overseas orders were won by 108 companies across various sectors. Further, of the 175 finalised contracts, 20 orders valued at worth Rs.5,515.89 crore were bagged by Indian companies for job work overseas.
The irrigation and water division of IVRCL, Hyderabad, secured the largest contract of December 2014. The Rs.1,022.58-crore order was finalised by Karnataka Neeravari Nigam Ltd for Tubchi-Babaleshwar lift head works under the lift irrigation scheme. The scope of work involves survey, investigation, design, supply, installation, testing and commissioning of head works including all structures, pipeline, and motors with pumps and electro-mechanical works as well as operation and maintenance requirements for a period of five years.
The Tubchi-Babaleshwar lift irrigation scheme aims at providing water from Krishna river for development of the drought-prone areas of Jamakhandi, Athani and Nijapur talukas in north Karnataka.
L&T bagged an offshore contract worth Rs.894 crore from ONGC for additional development of Vasai East project near Mumbai. The contract entails engineering, procurement, construction and installation of two wellhead platforms, subsea pipelines and modification of existing facilities in Heera-Panna-Bassein block of Mumbai offshore. The project is scheduled to be completed by April 2016.
Technip secured the third largest contract worth Rs.800 crore, also from ONGC, to build a 6-million standard cu metre per day onshore terminal at Odalarevu, Andhra Pradesh, as part of the Integrated Development of Vashishta (VA) and S1 fields, located 30-35 km off the Amalapuram coast in the KG basin. The scope includes basic design, detailed engineering, procurement, fabrication, inspection and testing, installation, and commissioning of the onshore terminal facilities, which would be integrated into the existing terminal.
Meanwhile, 53 fresh contracts worth Rs.7,516.86 crore were awarded in the power distribution sector in December 2014. PGCIL owned 33 of the 53 contracts finalised during the month. The largest domestic contract in this sector worth Rs.547.39 crore was bagged by New Northeast Electric Group for supply of high voltage switchgear for substation package S1 of 765/400kV at Vemagiri substation and extension of 765kV Srikakulam GIS substation, under system strengthening in Southern Region for import of power from Eastern Region in Andhra Pradesh.
The coal and lignite-based power sector saw finalisation of 15 new contracts worth Rs.1,116.66 crore. The largest contract worth Rs.351 crore was awarded to Thermax for building and commissioning a captive power project for a cement plant in Africa.
Jyoti Structures Ltd won the largest overseas contract worth Rs.650 crore for laying a 400kV transmission line in Kuwait. The second largest contract in this category, worth Rs.488.62 crore, was bagged by Maytas Infra Saudi Arabia from Saudi Bin Ladin Group for the construction of Abraj Kudai Project-P1360, Makkah, in Saudi Arabia. The scope of work involves supply, delivery, installation, supervision, as built, and handing over of structural and reinforcement concrete works for two towers, 2A & 3A (230 metres in height).
In December 2014, Indian companies secured 20 overseas contracts worth Rs.5,515.89 crore in airways (aviation infrastructure), power distribution, community services, coal and lignite-based power, water sewage and effluent treatment, other storage and distribution, tourism and recreation, wind-based power, petroleum, oil and gas, and computer software sectors from countries like Oman, UAE, Kuwait, Saudi Arabia, Philippines, Turkey, Nepal, UK, Belgium, New Zealand, Algeria and Nigeria.
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