NHAI has awarded 777 km of road projects in H1 FY23, which is a three year low and 60% lower than the highway length awarded in the same period last fiscal
Highway projects hit a speed bump in the first quarter of this fiscal, with awarding by the MoRTH, including the NHAI, falling a sharp 42% on-year to 969 km, says Crisil
Crisil attributes the likely slowdown in the project award to a limited rise in budgetary support and a higher capex for 70% of high-value expressways currently under construction.
