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L&T in a statement said that its power transmission & distribution (PT&D) business has secured multiple significant domestic EPC (engineering procurement and construction) orders. According to L&T's classification, significant orders are worth the range of Rs 1,000 crore to Rs 2,500 crore.
Collectively 8,064 km of national highways have been constructed in 2022-23 till February, which makes it nearly impossible for the government to meet its target of 12,000 km by the end of March.
In the current financial year, NHAI had initially planned to award 600-1,000 km highway stretches through the BOT model and managed to award projects of around 650 km, an NHAI official said.
In the current financial year, NHAI had initially planned to award 450 km of road projects through the BOT model but is likely to exceed its set target, one company official said, with 15-20 percent of total projects being under this mode in 2022-23.
Even as the government gives high priority to EPC projects, banks have expressed concerns about aggressive bids by debt-ridden infrastructure companies.
The Ministry of Road Transport and Highways is planning to ramp up its road construction speed to 30 KM per day from the current 22 KM per day by the end of March.
The company will focus on bidding for EPC projects as well as NHAI road projects and is hopeful of winning orders worth Rs 1000 crore in the near-term, said Prashant Kalantri, Vice President Projects, Supreme Infrastructure.
Mumbai based infrastructure player Unity Infraprojects is all set to monetise its land assets in Bengaluru to cut down on its debt and bid for EPC projects in future. CNBC-TV18‘s Navin Shetty gives more details about the company and its deleveraging plan.
The company, which is primarily engaged in construction of roads and highways, expects to close this fiscal with over Rs 4,000 crore in revenue as compared to Rs 2,600 crore in 2014-15 fiscal.
