The Nationwide Highways Authority of India has considerably slowed down awarding of tasks during the last two years, resulting in an impression on the order e book development of main highway building firms.
Muted exercise over the previous two fiscals has raised sector-wide issues about income visibility as a disruption so as flows would impression potential restoration seen on the horizon.
“Street awards remained tepid for a second 12 months in a row in FY25. Additional, no enhance within the budgeted outlay for roads and railways within the FY26 finances makes us cautious on infra at massive,” based on Nuvama.
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