Road sector on a roll, but rising competition is a key risk
The concern is that rising competition would lure smaller companies into the fray that may not have the financial muscle to tide over rough patches
July 20, 2021 / 09:05 AM IST
The road sector has steered clear of the devastating implications of COVID-19 on the economy. Notwithstanding the disruptions from the second wave, the pace of new orders and construction in roads has been steadily gathering momentum.
In fiscal 2021(FY21), the national highway awards rose by about 23 per cent from the previous year to a three-year high of nearly 11,000 kilometres (kms). The June quarter (Q1FY22) too showed promise, as contracts awarded by the Ministry of Roads Transport and Highways were a...