Page 69 - January_2023

CONTRACT AWARDED

Value `1000 to 2500 Cr Value `100 to 2500 Cr Value `203 Cr
L&T Construction awarded contracts L&T Heavy Engineering Wins Multiple Construction firm Capacit’e BUSINESS BUZZ
for its Buildings & Factories Fast Orders Infraprojects Ltd received contract
Business The Heavy Engineering arm of Larsen & worth `203 crores from Ashar ventures.
Significant repeat order from a Toubro has won multiple orders The contract is for the construction of
reputed and prestigious commercial In the overseas market, L&T Heavy residential project Ashar Pulse, a 60
developer, one of India’s largest Engineering secured orders for one of storied tower at Thane. The contract
mixed-use developers and operators. the heaviest Reactors and Screw Plug amount of `203 crore excludes GST and
The mandate is to construct two towers Heat Exchangers for a refinery in Mexico. labour cess. Rahul Katyal, Managing
with commercial office space in These orders reflect the customer’s faith Director of Capacit’e said, “We are
Hyderabad with approximate built-up on L&T Heavy Engineering’s reliability delighted to announce that Ashar
areas of 28.91 lakh sq. ft and 28.53 lakh and commitment. The Business also Ventures have entrusted their trust and
sq. ft respectively. The project scope secured orders for supply of critical confidence in Capacit’e lnfraprojects
includes civil work for the composite Reactors and Vessels for blue ammonia Limited to undertake their super highrise
structure including MEP, finishes & projects in USA and Uzbekistan. The 60 storied tower project - Ashar pulse at
façade to construct the towers in Business also bagged strategic orders Thane. We remain confident of delivering
6B+G+22 floors and 6B+G+41 floors for process plant equipment from a the project within the stipulated timelines
configurations. The project is scheduled European client. All the orders were won and to client satisfaction At Capacit’e,
to be completed in 18 months. against stiff international competition it is our continuous endeavour to add
“B&F Fast is a specialised unit that on the back of reliable performance. quality orders from existing and new
focusses on using innovative methods On the domestic front, L&T Heavy clients, both in public and private sector
and deploying technology for ultra- Engineering secured orders to and we are confident on the growing
speedy construction,” said M V Satish, manufacture critical Residue execution capabilities of the Company,
Whole-Time Director & Senior Executive Upgrading Reactors and to design he added. Earlier on 27 December, the
Vice President (Buildings), L&T. “Securing & manufacture High-pressure Screw company had received contract worth
this repeat order is a testament to our Plug Heat Exchangers with complex `695 crore order from Saifee Burhani
long-standing relationship with the Cr-Mo-V steel material for IOCL’s Trust for the construction of Core and
developer and our strong capabilities Panipat Refinery P25 Expansion Project. Shell work at sector 4 of SBUT project
to build fast and smart in this fast- These orders for manufacturing high located at Ward C in Mumbai. Prior to
growing segment.” technology equipment demonstrate that, it bagged an order worth `117.20
The B&F Fast unit had recently L&T’s continued focus towards ‘Make in crore from DLF Ltd for the construction of
constructed a 7-storey, state-of-the-art India’/ ‘Atmanirbhar Bharat’ initiative of a mall in Goa. “Capacit’e Infraprojects
Flight Control System Integration Centre the Government of India (GoI). Ltd has been a preferred construction
for DRDO in just 45 days. Further, L&T Heavy Engineering’s company for leading corporates in
Modification, Revamp and Upgrade India. In line with this thought, DLF
(MRU) business segment won an order entrusted responsibility for their mall
Value `20 Cr to revamp a Urea plant on an EPC project, Katyal had said. The company
basis. The objective of the revamp is had reported a 15 percent increase in
MBL Infra gets new order through its to improve reliability and safety of a its consolidated net profit to `22 crore
wholly owned subsidiary company very old (>50 yrs.) plant, increase this during the September 2022 quarter on
Ministry of Road Transport and plant’s capacity and enhance its higher revenues. It had clocked a `19
Highways has awarded new order by energy efficiency to meet the GoI’s crore net profit in the July-September
way of change in scope of work of stipulated norms. period of the preceding 2021-22 fiscal,
`20.22 crores to Suratgarh Bikaner Toll Additionally, the Business secured a the company said had said. Its earnings
Road Company Pvt Ltd, wholly owned repeat order from a reputed fertilizer before interest, taxes, depreciation and
subsidiary company, for the BOT manufacturer for Fabrication and amortisation (EBIDTA) for Q2 FY23 grew by
project of Development & Operation Installation of Steam Superheater Coils. 26 per cent to `84 crore compared to
of Bikaner-Suratgarh Section of NH-62 `67 crore in the second quarter of FY22.
in the state of Rajasthan, which will be
executed by MBL Infrastructure Ltd. on Value `376 Cr Value `174 Cr
EPC basis. The work is for construction
of a new bridge across INGP main NCC receives two new orders for Ahluwalia Contracts India on
canal to be executed in a period of `376 crore securing order of `174.88 crore
12 months. The Company will start NCC Limited has received two new Ahluwalia Contracts (India) Limited
bidding for new projects immediately orders for `376 crore (exclusive of GST) has secured an order for Construction
after working capital consortium Out of these orders, one order valuing of 5000 Seating Capacity Public
documentation by banks in terms of `321 crore pertains to Electrical Division Auditorium at Guwahati from Executive
Resolution Plan approved under IBC, and the second order valuing `55 Engineer, PWD, Dispur, Guwahati
2016. crore pertains Roads Division. (Assam)

JANUARY 2023|CONSTRUCTION OPPORTUNITIES 69