Here are the five largest construction projects initiated in India during Q3 2021, according to GlobalData’s construction projects database.
1. Chennai Metro Rail – $14,887m
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The project involves the construction of a rapid transit rail system in Chennai, Tamil Nadu, India.
Construction work started in Q3 2021 and is expected to be completed in Q4 2026.
Chennai Metropolis has been growing rapidly and the traffic volumes on the roads have also been increasing enormously. This project will decrease the congestion on roads.
2. Nagapattinam Oil Refinery Plant – $4,232m
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By GlobalDataThe project involves the construction of a refinery plant with a capacity of 9MTPA on 526ha of land at Nagapattinam in Tamil Nadu, India.
Construction work commenced in Q3 2021 and is expected to finish in Q1 2026.
The project aims to produce diesel and petrol meeting Bharat Stage VI standards, and six percent of the crude processed will go into making petrochemicals.
3. Jewar International Airport – $4,186m
The project involves the construction of an international airport with a passenger handling capacity of 70 million passengers per annum on 5,000ha of land in Uttar Pradesh, India.
Construction work started in Q3 2021 and is forecast to complete in Q4 2040.
The main aim of the project is to provide new transport facilities for tourists in India.
4. Navi Mumbai International Airport – $2,271m
The project involves the construction of an international airport on 1,160ha of land near Panvel, Navi Mumbai, Maharashtra, India.
Construction work commenced in Q3 2021 and is expected to be completed in Q4 2030.
The project is located on national highway (NH 4B) near Panvel, about 35km from the existing Chhatrapati Shivaji International Airport in Mumbai. The height of the main airport is kept around 7m above sea level.
5. Paradip Paraxylene-Purified Terephthalic Acid Plant – $1,800m
The project involves the construction of a Paraxylene-Purified Terephthalic Acid (PX-PTA) plant with a production capacity of 0.8MTPA of PX and 1.2MTPA of PTA in Paradip, Odisha, India.
Construction work started in Q3 2021 and is expected to be completed in Q1 2024.
The project is part of Indian Oil Corporation’s $2.1 billion plan to build a PTA plant and ethylene glycol unit near its refinery at Paradip. The project will create 2,000 employment opportunities.
Methodology:
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.
