You are here: Home » Companies » News
Business Standard

Construction firms bag Rs 3,810 cr orders between July 1-15

Press Trust of India  |  New Delhi 

Domestic construction firms inked contracts worth just Rs 3,810 crore in the first 15 days of July, over 72 per cent lower than the order intake in the preceding fortnight, as per data compiled by IDFC Securities.

Construction firms' order intake stood at Rs 13,730 crore between June 16 and June 30, out of which Larsen & Toubro accounted for contracts with a cumulative value of Rs 5,500 crore.

The brokerage firm said of the total order intake in the first fortnight of the current month, the lion's share went to Pratibha Industries, which bagged two orders worth Rs 1,249 crore from the Delhi Jal Board along with joint venture partner Mosinzhstroi Open Joint Stock Company.

Under the contracts, Pratibha will design, construct and lay interceptor sewers along three major drains in the national capital.

Meanwhile, Pune-based wind turbine maker Suzlon Energy received a Rs 650 crore order for supplying 100-MW turbines to Orient Green Power.

Furthermore, KNR Constructions bagged orders worth Rs 580 crore from Sadbhav Engineering for two road projects, while NCC garnered orders worth Rs 820 crore for various projects from the Rail Vikas Nigam and Bangalore Development Authority, among others.

During the fortnight, French power equipment-maker Alstom bagged contracts worth over Rs 270 crore for setting up three hydro-power projects in India.

The first contract was from Shiga Energy for the 97-MW Tashiding hydroelectric project in Sikkim. The second was with NSL Tidong Power Generation for the Tidong I hydro-electric project, consisting of two 50-MW units, in Kinnaur district of Himachal Pradesh.

The third contract is from Haridwar Infrastructure for the Dikchu hydro-electric project on the river Dikchu, in Sikkim, for a 96-MW plant.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, July 19 2011. 15:23 IST
RECOMMENDED FOR YOU
.