Within the first quarter of the present fiscal, NHAI awarded 416 km freeway undertaking size.
Undertaking awards by the Nationwide Highways Authority of India (NHAI) remained sluggish in February, with the authority issuing letters of award (LoAs) for 2 tasks measuring round 90 km, brokerage agency Edelweiss mentioned in a report Thursday.
“12 months-to-date (YTD) FY22 award stands at 2,988 km, spanning 104 tasks. Put up H1 FY22, awarding has slowed with solely round 1,035 km awarded since September 2021. The tempo of award wants to select up considerably in March 2022 to match FY21’s round 4,800 km undertaking awarded determine,” the brokerage agency mentioned.
Undertaking awards have been strong traditionally within the final quarters, and notably within the final month of the fiscal offers some hope on this entrance, it mentioned.
Within the first quarter of the present fiscal, NHAI awarded 416 km freeway undertaking size. The award determine went as much as 1,536 km in Q2 FY22, however awards fell to 726 km in Q3 FY22. A complete of 309 km freeway size was awarded within the January-February this fiscal.
“By size of tasks awarded until date, round 43% have been on the engineering, procurement and building (EPC) mode, whereas the remainder had been hybrid annuity mannequin (HAM) tasks,” it mentioned.