05 June 2020

Contract Awarded

Value Rs. 6.82  cr


Unity Builders Bags Road Widening Contracts in Maharashtra


Unity Builders And Road Constructions Private Limited has participated in a tender issued by Public Works Region - Pune, Government of Maharashtra for the project “ Improvements and Widening to Wakurde Bk. Shirala Biur Sagaon Mangale road SH-159 Km-0/00 to 35/800 in Taluk Shirala, District Sangli. ”




Value Rs. 311 cr


Pennar Group bags orders worth Rs.  311cr


The orders received were from Integrated Coach Factory, Rail Coach Factory and Universal Engineering for railway products; Emerson, Endurance, Wabco, Ashok Leyland, Yamaha for industrial components; Sterling & Wilson, Hammon and Thermax for CRFS products; IFB, L G Balakrishnan and Wahi Sons for CRSS products and various customers from the automobile industry for tubes.





Value Rs. 550 cr


ITDC bags contract for its first private infrastructure project


India Tourism Development Corporation (ITDC) has bagged its first ever private infrastructure project as it signed an MoU with a Hyderabad-based firm for developing a mega tourism destination project in Andhra Pradesh, according to a statement from the Tourism Ministry. ITDC signed the memorandum of understanding (MoU) with Suraas Impex Pvt. Ltd. For the Rs.  550-crore project which will be located at Bhairav Lanka in Kakinada, East Godavari district of Andhra Pradesh. This is the first-of-its-kind project for the state-owned ITDC, which bagged the project beating several private contenders, the statement said. ITDC will be the consulting agency as well as implementing agency for the project and the execution will be taken up in three stages. ITDC has completed 67 infrastructure projects for the Ministry of Tourism, Ministry of Culture and various state governments so far. The division has also prepared more than 85 detailed project reports for various tourism projects in the country.






Value Rs. 320 cr


SRF to sell engineering plastics business to DSM India


Chemicals manufacturer SRF Ltd has signed an agreement to sell its engineering plastics business to DSM India Pvt Ltd for Rs. 320 crore. DSM India is a wholly-owned subsidiary of Netherlands-based engineering plastics manufacturer Royal DSM. The deal is expected to close in six months, subject to relevant conditions, SRF said in a statement. Mumbai-based investment banking firm Singhi Advisors was the financial advisor to SRF. SRF’s engineering plastics business recorded sales of Rs.  209 crore, with a net worth of Rs.  92 crore, in FY19. The company, which has operations in India, Thailand and South Africa and commercial interests in more than 75 countries, manufactures industrial and specialty intermediates.


Its portfolio includes technical textiles, fluorochemicals, specialty chemicals, packaging films and engineering plastics.





Value Rs.  665 cr


JSPL bags rail contract from RVNL


Jindal Steel and Power Limited (JSPL) has bagged an order from Rail Vikas Nigam Limited ( RVNL ) to supply 89,402 tonnes of rails at a cost of Rs.  665 crore. India’s only private manufacturer of rails will supply UIC 60 kg IRS T-12 880 grade 13-metre  rails for RVNL’s upcoming projects. RVNL functions as an extended arm of the Ministry of Railways. JSPL said the required rails will be manufactured and supplied from its Raigarh facility, which has a capacity to supply over 50,000 tonnes of rails per month. It is the company’s second big rail order in less than a year. The first-ever rail order for supplying close to one lakh tonnes rails to Indian Railways was completed in April, four months ahead of time. Part of the 22 million dollar OP Jindal Group, JSPL has a presence in steel, power, mining and infrastructure sectors. It had set up a modern rail mill at its Raigarh plant in 2003 to become the second player after government-owned SAIL to produce rails in the country.





Value Rs. 648  cr


RInfra to build new airport at Hirasar


Reliance Infrastructure recently bagged a Rs. 648 crore contract from the Airport Authority of India to build a new airport at Hirasar, in Rajkot district of Gujarat. The new airport is being constructed near National Highway-8B connecting Ahmedabad and Rajkot, nearly 36 km from the existing Rajkot Airport.

The company emerged winner among nine bidders that included Larsen & Toubro, Dilip Buildcon and Gayatri Projects.


The company said the scope of the EPC contract includes, construction of runway, turning pads, taxiways, apron, perimeter and other roads, drainage system, fire station, fire pit, cooling pit, supply, installation, testing and commissioning of airfield ground lighting system, visual aids for navigation and bird hazard reduction etc. Reliance Infrastructure had scored the highest technical score of 92.2 per cent among nine qualified bidders like Afcons and L&T.


The airport is to be completed within 30 months from the date of issue of LoA,” the company said. Over time, the proposed new airport will also meet the spillover needs of Ahmedabad. The holistic development of Hirasar airport will serve the demand generated by Rajkot city and will also cater to the demand in neighbouring states, the statement said.





Value Rs. 1 cr


Innovative Ideals & Services India Ltd bags order from Runwal group


Innovative Ideals & Services India Limited has bagged a new order for Fire Alarm & Public Address for supplying & Executing for Runwal EIRENE Tower first phase, project by RUNWAL GROUP.


The company has vast experience in the Fire Alarm & Public address system. The value of the order is Rs.  1 Crore which is expected to be completed by the end of this year. Total project order value is estimated at Rs.  5 Crore.





Value Rs. 6,311 cr


Garden Reach order to build 8 ASW water craft


Kolkata-based defence PSU Garden Reach Shipbuilders & Engineers Ltd (GRSE) has won a Rs. 6,311.32-crore order from the Ministry of Defence to build eight anti-submarine warfare (ASW) shallow water craft for the Indian Navy. The deal signed is the yard’s first order win after it went public in October last year. The 16-ship ASW shallow water craft tender of the Indian Navy is split equally between the lowest and the second lowest bidders with the L2 required to match the L1 price. Cochin Shipyard Ltd quoted the lowest price in the tender to emerge the top bidder, wherein GRSE was the second lowest. GRSE matched the lowest price of Cochin Shipyard to win the eight ship-order. The Defence Ministry is expected to sign the other eight-ship deal with Cochin Shipyard in the next few days, government sources said.



The first ship is to be delivered within 42 months from the contract signing date and the balance in two ships a year. The project completion time is 84 months from date of signing the contract, GRSE said in a statement. The award comes five years after the tender was issued by the Indian Navy in April, 2014, demonstrating the long-drawn process in finalising contracts for defence ships.



The eight ASW shallow watercraft to be built at Garden Reach will be classed with the Indian Register of Shipping (IRS), which won the mandate for providing classification services to the ships. Indian Register of Shipping is a full-member of the International Association of Classification Societies (IACS) that verifies ships for their sea worthiness. The ships will be built to IRClass’ Naval Rules 2015 and are designed for combating threats posed by submarines and special underwater craft, operating in relatively shallow waters and will incorporate advanced sensors, including sonars, and anti-submarine weapon systems. The platforms will also be equipped with modern automation systems.





Value Rs.  422.85 cr


Tera Software bags work contract from Odisha Power Transmission Corporation


Tera Software has bagged a work contract worth Rs. 422.85 crores from Odisha Power Transmission Corporation (OPTCL) for which the company was the L1 bidder. The company has signed an agreement with OPTCL for the aforesaid work contract for survey, planning, design. engineering, manufacturing, insurance, supply (including spares supply items) and installation, delivery at site, end to end integration, testing & commissioning of OFC (Aerial) GPON Network and Technical Specification evaluation work in the state of Odisha.





Value Rs. 4.16  cr


Palathra Constructions Wins Order In Kerala


Palathra Constructions Wins Order In Kerala Palathra Constructions Private Limited has participated in a tender issued by Public Works Department (PWD) (Roads and Bridges), Government of Kerala for the project “ Improvements by providing DGBM and BC to Sabarimala Village Road from ch 2/400 to 7/800.





Value Rs.  616 cr


JMC Projects secures new orders for residential and commercial projects


JMC Projects (India) secured new orders worth of Rs. 616 crore for residential and commercial projects in South India. JMC Projects (India), a subsidiary of Kalpataru Power Transmission, has emerged as one of the leading civil EPC Company supported by “customer satisfaction, robust management and execution capabilities.





Value Rs. 1.5  cr


Ashcons Infra bags Road Improvement Project In Maharashtra


Ashcons Infrastructure Private Limited has participated in a tender issued by Public Works Region - Konkan, Government of Maharashtra for the project “ Improvements to Wakan Roha Khari Khajani Road S.H.93 km. 77/500 to 87/600 Taluk Roha, District Raigad. ”.





Value Rs. 388 cr


MP Birla firm bags Haridwar cable contract


Uttarakhand Power Corporation Limited (UPCL), the sole state-run electricity distribution company, has awarded a Rs. 388 crore contract for underground cabling at Haridwar to Vindhya Telelinks Ltd, an M. P. Birla group company. With this, Haridwar is all set to become Uttarakhand’s first city where power lines will go underground by 2021.


The work on the project under the central government-sponsored Integrated Power Development Scheme (IPDS) will begin after May 23.


Haridwar is the second city, after Kashi in Uttar Pradesh, where the underground cable project is being implemented. After Kashi, Haridwar will become the second city in India where the power lines will go underground.


After Haridwar, the focus will be on Dehradun where the UPCL is also planning to implement a similar underground cable project shortly. A detailed project report (DPR) has already been sent to the central government for approval of that project.





Value Rs. 222.6 cr


Kridhan Infra JV wins  order worth Rs. 222.6 cr


Construction company, Kridhan Infra surged over 8.5% after its associate Vijay Nirman Company won an order worth Rs. 222.6 cr for rehabilitation and upgradation of the NH 167 in a joint venture, wherein it holds a 51% stake.The company owns approximately 41% stake in VNC and hence, VNC operates as an associate company of Kridhan.


Vijay Nirman is a private construction company, having completed over 400 projects, in over 30 years of operations. It has a vast experience in the roads, bridges, airports and affordable housing segments and is well reputed for its timely execution.






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