Tendering and awarding projects picked up only after the sanction of ambitious Bharatmala programme and subsequent new procedure for sanction being put in place in November 2017. As reported, during this drive, post Bharatmala, 232 projects were put on tenders involving around 11,200 km of road length costing more than Rs 1,960 billion.

Awarding of highway construction projects rocketed 70 per cent to an all-time annual high in fiscal 2018, spanning ~7,400 km and valued at Rs 1.2 lakh crore, data from the National Highways Authority of India (NHAI) showed.

Sterling and Wilson has evolved to become India's leading MEP contracting company, having integrated its various offerings and services under a single MEP entity. All five services -electrical, HVAC, fire-fighting, plumbing and IBMS - have been successfully incorporated into a single business unit, which has an order intake of about Rs 16 billion today.

Construction major Larsen & Toubro is making headlines for two important news, among others. Led by its CEO & Managing Director SN Subrahmanyan, the firm recently bagged the Rs 25-billion Shivaji Statue contract from the Maharashtra Government.

The initial public offering (IPO) of HG Infra Engineering received 44 per cent subscription at the bidding process held recently. As reported, the issue had receive bids for 5,319,490 shares against the issue size of 12,137,070 shares.

Reliance Infrastructure (RIL) has recently been awarded a Rs 3,647-crore engineering, procurement and construction (EPC) contract by the Tamil Nadu Generation and Distribution Corporation (TANGEDCO), which is establishing a multi-crore supercritical thermal power plant at Uppur.

The National Highways Authority of India (NHAI) has issued a Letter of Award (LoA) to Larsen and Toubro for the Package-4 of Dwarka Expressway from Basai RoB to NH-8 – SPR intersection in Haryana on EPC under the Bharatmala programme.

The Ministry of Road Transport and Highways (MoRTH) has approved seven road rehabilitation projects in Madhya Pradesh.

A JV of Macquarie and Ashoka Buildcon has emerged the highest bidder for the Centre’s first batch of toll-operate-transfer (TOT) projects. The company has reportedly bagged projects for Rs 97 billion.