Page 49 - Construction_Opportunities_April_2024

CONTRACT AWARDED

Value `343 cr Value `9500 cr Value `1825 cr
ISMT Limited Secures `343.72 Crore Bharat Heavy Electricals Ltd (BHEL) Torrent Power gets order for `1,825 cr BUSINESS BUZZ
Orders from ONGC has received an order from NTPC Torrent Power has secured a significant
ISMT Limited has bagged two Bharat Heavy Electricals Ltd (BHEL) contract from its Distribution Unit to
significant contracts from Oil and has received an order from NTPC for establish a 150MW wind solar hybrid
Natural Gas Corporation Limited setting up the Singrauli Super Thermal project, with an investment totaling
(ONGC) for the supply of products. Power Project, Stage-III (2x800 MW) ) `1,825 crore. The renewable energy
These contracts entail the provision of in Sonebhadra District, Uttar Pradesh, endeavor will deliver electricity at a
regular casing pipes, adhering strictly The size of the order is more than tariff of `3.65 per kilowatt-hour (kWh).
to the terms and conditions stipulated `9,500 crore, excluding GST (goods The company has received Letter of
within the agreements awarded by and services tax. The engineering Award from Torrent Power Limited-
ONGC to ISMT Limited. firm expects to complete Unit 1 in Distribution Unit for setting up of 150
50 months and Unit 2 in 54 months. MW (RE Power) Grid-Connected Wind
Value `2039 cr The scope of the order includes Solar Hybrid Projects under Greenshoe
supply of equipment, erection and option.
Welspun Corp Shares Surge 2.3% commissioning as well as civil works. The project is slated to be operational
Following `2,039 Crore Line Pipe within 24 months from the signing of
Orders from India and US the Power Purchase Agreement (PPA),
Welspun Corp Ltd has bagged a Value `723 cr signaling a swift progression towards
substantial line pipe orders in both Ahluwalia Contracts bags order sustainable energy generation.
India and the United States, amounting worth `723 Crore
to a cumulative value of `2,039 crore. Construction engineering company Value `1004 cr
These orders are scheduled to be Ahluwalia Contracts (India) has bagged
fulfilled during the financial year 2024- an order worth `723.34 crore. The order KEC International Secures New
25. Orders Worth `1,004 Crores
is for the construction of a cancer KEC International Ltd., a prominent
hospital building in Mumbai. The scope global infrastructure EPC major and a
Value `267 cr of the work involves the construction of subsidiary of RPG Group, has recently
a cancer hospital building - a platinum
KSB Ltd receives orders of around announced the acquisition of new
`267 crores jubilee block for Tata Memorial Centre orders amounting to `1,004 crores
KSB Limited receives orders of around at Parel, Mumbai worth of `723.34 across its diverse business segments.
`267 Crores for supply of Pumps for crore approximately. In the Transmission & Distribution (T&D)
Kudankulam site, Tamil Nadu state, domain, the company has clinched
India. Scope of the order is supply Value `167 cr composite orders encompassing the
of Pumps along with accessories construction of transmission lines,
including motors. The sales / supply RVNL secures `167 Crore Contract substations, and underground cabling
of products / services for the order is RVNL has emerged as the frontrunner projects in India. Additionally, it has
expected from quarter 4 of FY 2025. in securing a crucial contract from the secured contracts for the supply of
South Eastern Railway Headquarters- towers, hardware, and poles in the
Value `674 cr Electrical. The contract, valued at a Americas region.
staggering `167.28 crore, pertains Furthermore, KEC International’s Civil
Maharashtra Seamless Secures `674 to the design, supply, erection, business arm has secured an order for
Crore Order from ONGC testing, and commissioning for the a residential project from a reputable
Maharashtra Seamless Ltd has clinched upgradation of the electric traction real estate developer in India.
a significant deal with ONGC for the system. In the Railways sector, the company
supply of casing pipes. The contract, The project aims to transition from a 1 has bagged an order for 2 x 25 kV
valued at a substantial `674 crore, x 25 KV to a more efficient 2 x 25 KV Overhead Electrification (OHE) and
comes with a timeline of 44 weeks for traction system for the Rajkharsawan- associated works aimed at speed
execution. Nayagarh-Bolani section of the upgradation within India.
The casing pipes, integral components Chakradharpur division of the South Moreover, the Cables business unit
in drilling operations, play a crucial Eastern Railway. This upgrade is crucial has secured orders for the supply
role in maintaining well integrity in meeting the ambitious 3000 MT of conductors and cables in India,
and ensuring efficient extraction of loading target set by the railway including a milestone order for
hydrocarbons. Maharashtra Seamless authorities. the supply of power transmission
Ltd’s expertise in manufacturing high- The contract, set to be executed within conductors (ACSR and AL-59) from
quality pipes positions it favorably to a timeline of 18 months, represents a distinguished government utility.
meet ONGC’s stringent requirements a pivotal step in modernizing and Additionally, contracts have been
and contribute to the success of their enhancing the efficiency of the railway secured for the supply of various types
projects. infrastructure. of cables.

APRIL 2024|CONSTRUCTION OPPORTUNITIES 49