13.1.12

Infrastructure projects

Indian infrastructure firms started 2012 on a celebratory mode with new order flows bucking last year’s sluggish trend. Infra majors like L&T, HCC, Reliance Infrastructure, IVRCL, Ramky, JK Infra among others have already bagged orders worth $1 billion within the first week of 2012 and expect the momentum to accelerate after the state elections. This year, infrastructure firms are bullish on $12 billion road projects from NHAI, the $2-billion Navi Mumbai International Airport and the $2- billion Mumbai Trans Harbour Link. “We expect more orders from the government this year. About 60,000 crore of road projects are to be awarded this year. We are keen on bidding for mega highways and the JNPT Pune National Highway no-4,” said Sudhir Hosing, head of road projects at Reliance Infrastructure, which commenced operation of its fifth road project in Tamil Nadu on Wednesday. Among the ones which have had an early start this year, infrastructure major L&T bagged new orders worth Rs 2,056 crore across various business segments. Similarly, Ramky Infrastructure has bagged new orders aggregating to Rs 1,052 crore from its road, industrial, water, power, irrigation and building verticals. IVRCL has started the year with Rs 732 crore worth new orders.

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