A Bumpy Ride
Just why does the muted trend in highway construction and contract award continue in FY24.
highway construction
November 2023
May 2023
October 2022
August 2022
July 2022
May 2022
Entry barriers, project lifecycle planning key to faster highways rollout: Experts
Experts call for project lifecycle planning with codes and specification of projects being planned in advance in order to fast-track projects
Road construction to grow 12,000 kms in FY24, up 16%
ICRA projects the toll collection growth to be 6%-9% in FY2024, primarily supported by a 4%-5% growth in traffic.
No paucity of funds, need to enhance pace of highway construction: Gadkari
Transport minister Nitin Gadkari says mega infrastructure development is needed for the $5-trillion economy dream of PM Narendra Modi.
This stock surges 11% intraday; brokerage sees 239% upside over next 30 months
Domestic brokerage Ventura has initiated coverage on this midcap stock with a “BUY” for a target price of ₹729.2, a potential upside of 239% over the next 30 months.
4 highway InvITs to list soon, BoT revival on the anvil: Nitin Gadkari
Nitin Gadkari says the Centre will list four infrastructure investment trusts in the highways sector soon, with majority exposure to the retail investors offering an assured return of 7-8%
Highway construction slips to 20 km/day in April-July
It is almost half of the best ever performance displayed by the ministry in FY21 when the govt constructed a record 13,327 km at a rate of 37 km per day
No dearth of finance, will tap capital market to fund roads: Nitin Gadkari
"I am now going to the capital markets. I do not have any problem with financial resources," exclaims transport minister Nitin Gadkari.
The Missing Milestone
Highway construction dipped in FY22 despite higher utilisation of budgetary allocation. The ambitious 25,000 km target for FY23 gets that much harder to achieve.
Highway construction, contract awards dip in April
Construction in the month of April this year at 578 kilometres is down from 853 kms constructed in the same month last year.
