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The margins are strong but the scalability of the business is a challenge
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Ramp-up in capacity, stronger integration, and focus on value-added products to drive growth
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Easing of bidding norms to encourage greater participation by private firms had seen relatively smaller companies come in at competitive prices
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The new survey, expected in the second half of 2025, will try to capture GVA or output from the informal sector along with households, and will be used in new series of GDP expected in February 2026.
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Underlying volume growth continues to remain strong
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The W&C industry size is estimated at Rs 80,000 crore, having delivered a CAGR of 12-13% between FY19 and FY24 The shift from the unorganised to the organised market provides an attractive opportunity for a new player
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At the upper end of the IPO price band, the company is valued at 29 times FY25 estimated earnings
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This move is part of the government’s efforts to reduce the highway developer’s debt. NHAI’s debt stood at Rs 3.44 lakh crore at the end of January 2022, against Rs 24,188 crore in 2014-15, a 14-fold rise in less than seven years
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Of the total Rs 2.72 lakh crore, the National Highways Authority of India (NHAI) has been allocated around Rs 1.87 lakh crore as part of MoRTH’s capital expenditure plan for 2025-26, a 10 percent increase from 2024-25, when it was allocated Rs 1.68 lakh crore.
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The Survey added that the construction of national highways has slowed down in 2024-25. Data shows that 5,853 km of national highway was constructed during April to December in FY25, while 6,215 km of NH was constructed in FY24 during the same period.
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So far in 2024-25, a significant portion of MoRTH's capital expenditure has gone to help NHAI refinance its debt levels. The NHAI has used around Rs 40,000 crore of the highway ministry's budgetary allocation to repay loans.
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Developers and construction industry insiders say that the task of verifying worker identity and background largely falls on labour contractors.
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A combination of slower project execution, fall in project awarding and under utilisation of the funds allocated to the MoRTH coupled with the government looking to increase private capital expenditure in the highway sector is expected to led to a nominal hike in GBS to the ministry in the next financial year, multiple government officials said.
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NCC stands to gain as the central government's capex picks up and order-awarding for Amaravati city development project commences in Andhra Pradesh
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Developers' bodies have instructed members to shore up their environment management plans, in accordance with latest guidelines from the BMC. Some projects have been affected by the construction ban in Byculla and Borivali (East), including 13 projects being executed by MHADA.
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Karnataka Building and Other Construction Workers’ Welfare Board is setting up four incubation centres for construction workers on pilot basis. This project aims to enhance the skills and employability of construction workers, empowering them to meet industry demands.
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According to the proposed rates, construction sand—commonly found in seabed deposits—will incur a royalty of Rs 40 per tonne
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Rising demand for quick and affordable construction makes this IPO a standout choice; attractive valuations are adding to its appeal
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The escalated cost of Bharatmala has been a cause of concern, and the Union Finance Ministry told MoRTH in 2023 not to award any new project under the scheme till there is Cabinet approval on the revised cost of the project.
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To meet this increased demand, the cement industry is expected to add 35 – 40 million tonne capacity in the next fiscal, with 60-65 per cent concentrated in the eastern and southern regions, said the Aditya Birla group flagship firm.
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Around 42% of employed Indians work in agriculture, hunting, forestry and fishing. The number of people employed in these sectors rose to 253 million in FY23, according to RBI KLEMS data.
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The central government commits funds to develop the eastern region with focus on Andhra and Bihar
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The ministry completed the construction of 12,349 km of national highways in 2023-24 after constructing 10,993 km of highways in FY23, according to officials from MoRTH.
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The Economic Survey for 2023-24 tabled in Parliament on July 22 had also highlighted that government still struggles with on-boarding of digital land record which leads to land acquisition delays while constructing national highways.
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The Economic Survey for 2023-24 tabled in Parliament on July 22 said that a total of 8,29,409 km of road length has been sanctioned under Pradhan Mantri Gram Sadak Yojana (PMGSY) out of which, 7,63,308 km of road length has been completed as on 18 th June 2024 at an expenditure of Rs 3.23 lakh crore.
