Here are the five largest construction projects initiated in India during Q4 2021, according to GlobalData’s construction projects database.
1. Hosur EV Two-Wheeler Manufacturing Plant – $331m
The project involves the construction of a 245ha electric vehicle manufacturing plant at Shoolagiri, Hosur, Tamil Nadu, India.
Construction work started in Q4 2021 and is expected to be completed in Q4 2023.
The project aims to build a new production base to provide next-generation, environmentally-friendly vehicles in India.
2. Gopalpur Technical Ammonium Nitrate Plant – $291m
The project involves the construction of a technical ammonium nitrate (TAN) plant with a capacity of 337,000 TPA in Gopalpur, Sindhigan, Odisha, India.
Construction work commenced in Q4 2021 and is expected to finish in Q3 2024.
The project aims to meet the growing demand for TAN in the region and expand Smartchem Technologies‘ operations in the eastern region.
3. Dholera International Airport – $267m
The project involves the construction of an airport terminal on 1,416ha of land at Dholera Special Investment Region (SIR), Navagam village, Ahmedabad, India.
Construction work started in Q4 2021 and is forecast to complete in Q4 2026.
The project aims to cater to the need of future traffic and help in the economic development of the country. It will serve the needs of nearby cities of Ahmedabad, Bhavnagar, Vadodara, Anand, Nadiyad and Rajkot.
4. Ramban to Banihal Road Upgrade – $221m
The project involves the construction of a 27.40km four-lane road from Ramban to Banihal in Jammu & Kashmir, India.
Construction work commenced in Q4 2021 and is expected to be completed in Q3 2024.
The main purpose of the project is to improve the road transportation network in the state while increasing vehicle handling capacity and reducing traffic congestion.
5. Hyderabad Equinox Office Complex – $200m
The project involves the construction of four office towers comprising two 20-story and two 11-story buildings at Gachibowli in Hyderabad, Telangana, India
Construction work started in Q4 2021 and is expected to be completed in Q1 2023.
The project aims to further the growth of the Information Technology (IT) and Information Technology enabled Services (ITeS) industry in Hyderabad and strengthen its position as the leading IT hub in India.
Methodology: This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
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