Page 67 - CO_July_2022

CONTRACT AWARDED

Value `1000 to 2500 Cr Value `64.59 Cr Value `10 Bn
L&T Construction secures contract W S Industries India secures `64.59 Welspun Corp bags order worth SAR BUSINESS BUZZ
for its Water & Effluent Treatment crore order 490 million from SWCC
Business W S Industries India Ltd has informed Welspun Corp Limited’s associate East
The Water & Effluent Treatment business to the exchanges that it has obtained Pipes Integrated Company for Industry,
of Larsen & Toubro-led L&T Construction an order for construction of Integrated Saudi Arabia’s leading manufacturer of
has secured a design a build order Storm Water Drain Works approximately Helical Submerged Arc Welded (HSAW)
from the Public Health Engineering valued at `64.59 crores from a pipes, has signed a new key contract
Department, Jodhpur Rajasthan to reputed infra player. Also, the Board with the Saline Water Conversion
execute a Parallel Carrier System to the has approved for the allotment Corporation (SWCC). The order is
Rajiv Gandhi Lined Canal (RGLC Phase of 46,34,224 equity shares of the valued at SAR 490 million, for the
Ill) on a single point responsibility basis. Company at `12.50 each (face value supply and delivery of steel pipes for
The scope of work includes 213 Kms of Rs.10/- and premium of `2.50/- per a water transmission project. This order
of raw water mild steel transmission share) on preferential basis to Investors is received after the company got
mains, 4 pump houses along with other than existing promoter group awarded an order of SAR 497 million
associated electrical, mechanical a pursuant to approval of shareholders. contract in March 2022, for a similar
instrumentation works. The project will nature project, also by SWCC. The
cater to the water demands of the Value `2461 Cr project is estimated to be completed
districts of Jodhpur, Pali and Barmer within a period of 12 months with the
and also provide raw water to the Delhi Patel Engineering bags new order financial impact reflecting in East Pipes’
Mumbai Industrial Corridor (DMIC) and from Chenab Valley Power Projects financial statements in 2022/2023.
Rajasthan State Industrial Development Patel Engineering, a Premier civil “The current infrastructure sector
a Investment Corporation Ltd (RIICO). construction Company specialised in and economic environment in the
the hydropower sector, has bagged Kingdom is contributing to growth, and
a `2,461 crore contract for the works East Pipes anticipates an elevation in
Value `1147 Cr of “Construction of Diversion Tunnel, demand resulting from a large pipeline
KEC International wins new orders of Concrete Gravity Dam, Intake, of projects over the next 2 to 3 years,
`1,147 crore Pressure Shafts, Underground Power thus achieving a robust performance
KEC International Ltd., a global House & Tailrace Tunnel (Lot 1) for Kwar for the company in the medium term,”
infrastructure EPC major, an RPG HE Projects in District Kishtwar, J & K, commented Mohammed Al Shaheen,
Group Company, has secured new India” (Kwar HE Project). The Kwar HE Chief Executive Officer at East Pipes.
orders of `1,147 crore across its various Project is being executed by Chenab
businesses: Valley Power Projects Limited, a Joint Value `75 Cr
Transmission & Distribution (T&D): The Venture of NHPC Limited (a Govt of
business has secured orders for T&D India Enterprise) & JKSPDC (a Govt Dredging Corporation on bagging
and Cabling projects in Americas and of J & K Enterprise) (the Authority) to order worth `75 crore
Middle East. harness the vast hydro potential of river Dredging Corporation Limited informed
Railways: The business has secured Chenab. Hon’ble Prime Minister laid the that the company has bagged the
orders in the technologically enabled/ foundation stone of Kwar HE Project. Gujarat Fisheries Dredging project of
conventional segments in India: Kwar HE Project is a run-of-river Mangrol Fishing Harbour worth `75
Overhead Electrification (OHE) for scheme with a Concrete Gravity Dam crore. The company further stated
Metro: Order for Overhead Electrification located at District Kishtwar of J & K. that it has fixed an ambitious target of
(OHE), Auxiliary substations, SCADA The Project envisages construction `1,000 crore for FY22-23.
system and associated works for of 109m high concrete gravity dam Company stated in its filing, “During the
elevated and underground metro above deepest foundation across river visit of the Hon’ble Union Minister of Ports
stations Chenab of length 195m at top. Kwar Shipping & Waterways Shri Sarbananda
Conventional Overhead Electrification HEP is a 540MW (4x 135 MW) project Sonowal to Visakhapatnam, the MD &
(OHE): Order for Overhead Electrification with estimate generation of 1975.54 CEO of DCIL Prof Dr. G.Y.V Victor has
(OHE) and associated works MU (in a 90% dependable year). The greeted the Hon’ble Union Minister
Semi High-Speed Rail: Order for 2 x Letter of Acceptance for the Contract & briefed that for the FY21-22 the
25 kV Overhead Electrification (OHE) & is issued by the Authority and the company has achieved a turnover
associated works for speed upgradation works are scheduled to be completed of `802 crore, which is the highest
(Mission ‘Raftaar’) in a period of 48 months as per the turnover achieved during the last
Civil: The business has secured orders in Contract terms. The Company already 12 years.” Dredging Corporation is
the residential, hydrocarbon and data has three ongoing projects in the currently trading at `311 up by `2.75
centre segments in India nearby Vicinity in the J&K State with or 0.89% from its previous closing of
Cables: The business has secured similar geological terrains which is an `308.25 on the BSE. The scrip touched
orders for various types of cables in added advantage for execution of this intraday high and low of `318 and
India and overseas. new Project. `308.85 respectively.

JULY 2022|CONSTRUCTION OPPORTUNITIES 67