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Order rebound could lead to uptick for road infrastructure players

NHAI has front loaded awards because there was a large number of awards in April 2022

Topics
road infrastructure | NHAI | road projects

Devangshu Datta 



road financing
Road contractors are hoping for a sharp acceleration in NHAI awards but this is expected only in Q4FY23 and the target of 8,000-km-award may not be met

There may be an ongoing slowdown in the roads sector. working in the engineering procurement and construction (EPC) mode had weak execution in the second quarter of the 2022-23 financial year (Q2FY23), being affected by lower backlogs and heavy monsoons.

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First Published: Wed, November 23 2022. 21:53 IST

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