 "National Highway, highways, road, NHAI")
The extended lockdown to contain the Covid-19 pandemic is expected to dent both top lines and operating margins of small and medium enterprise (SME) road contractors in the engineering, procurement and construction (EPC) segment in the current fiscal (FY 2021).
Construction was gathering pace after a protracted monsoon when the pandemic halted all activity. Our research indicates that despite easing of lockdown restrictions from April 20, normalcy is unlikely to return any time soon.
Developers will face labour shortages as large numbers of workers have migrated back to their home towns. They will also have to grapple with non-availability of
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