Infra firms bag orders worth Rs 3810cr from July 1-15

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Infra firms bag orders worth Rs 3810cr from July 1-15

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

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Domestic construction firms inked contracts worth just Rs 3,810 crore in the first 15 days of July, over 72% 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.