Over the past year, awarding of road projects has been below the target. In FY23, the National Highways Authority of India (NHAI) awarded 6,003 km of road projects compared with a target of 6,500 km. In the first half of FY24, MoRTH awarded road projects of close to 2,595 km during the period compared with a target of 12,500 km for FY24.
ET Intelligence Group: The attractiveness of construction companies with a diversified order book across sectors has improved after the September 2023 quarter results over the companies which largely focus on road construction activities. According to sector experts, the key reasons for this preference include favourable valuations of the diversified companies which have exposure to diverse sectors such as mining, water, electrical, irrigation
BY
ET Bureau
3 mins read, Last Updated:
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