{"id":70669,"date":"2018-03-30T08:50:12","date_gmt":"2018-03-30T08:50:12","guid":{"rendered":"http:\/\/www.bnreport.com\/breakneck-pace-of-india-road-awards-may-set-15-billion-record\/"},"modified":"2018-03-30T08:50:12","modified_gmt":"2018-03-30T08:50:12","slug":"breakneck-pace-of-india-road-awards-may-set-15-billion-record","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/breakneck-pace-of-india-road-awards-may-set-15-billion-record\/","title":{"rendered":"Breakneck pace of India road awards may set $15 billion record"},"content":{"rendered":"

By Dhwani Pandya
<\/strong>
India<\/a> has awarded road contracts at a "breakneck pace\u201d in 2018, raising the prospect that orders will reach a record this financial year, according to IIFL Wealth Management, the nations largest money manager for the rich by assets. <\/p>\n

Orders from the National Highway Authority of India may cross 1 trillion rupees ($15.3 billion) in the 12 months through March, climbing from 600 billion rupees a year ago, Alok Deora, a Mumbai-based infrastructure research analyst at IIFL Wealth Management estimated in a phone interview. <\/p>\n

"Going by the tender pipeline, the breakneck pace of NHAI<\/a> order flows is likely to continue in the next financial year," he said. <\/p>\n

NHAI is at the center of Prime Minister Narendra Modis ambitious Bharatmala plan to spend $106 billion on 83,677 kilometers of road construction by 2022 to boost economic growth and employment. Contract awards were in the slow lane till December, meeting just over a tenth of a the full-year target of 10,000 kilometers, due to delays in land acquisition and the roll-out of a nationwide sales tax. <\/p>\n

Dilip Buildcon has bagged the largest number of projects tendered this quarter, worth about 107 billion rupees, Deora said. Other big beneficiaries include Sadbhav Engineering<\/a>, Ashoka Buildcon<\/a> and MEP Infrastructure Developers, he said. <\/p>\n

NHAI is likely to award more than 7,000 km of road contracts, about 60 percent more than last year, Deora said. <\/p>\n

Modis record on meeting his governments infrastructure targets and on job creation will prove crucial going into federal election in 2019, giving the administration a platform to highlight its economic credentials. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

[contfnewc]
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By Dhwani Pandya<\/p>\n

India has awarded road contracts at a “bre..<\/p>\n","protected":false},"author":1,"featured_media":70670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-70669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nBreakneck pace of India road awards may set $15 billion record - Business News Report<\/title>\n<meta name=\"description\" content=\"By Dhwani Pandya India has awarded road contracts at a "bre..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/breakneck-pace-of-india-road-awards-may-set-15-billion-record\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breakneck pace of India road awards may set $15 billion record - 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