Road Sector

Over the past five years, India’s road network has expanded by 59 percent, becoming the second largest globally at over 6.7 million kilometers, surpassed only by the United States. This includes 1.46 lakh kilometers of national highways.

Budget 2023: Higher road capex puts EPC companies in spotlight

Apart from railways, roads and highways saw a large jump in allocation in the Union Budget 2023-24.

Sustaining capex in roads is a positive, but execution risk remains

Calculating the capex for roads after including the IEBR (market borrowings) and asset monetisation proceeds for NHAI, the total capital outlay is up only marginally 

Road construction: Why some stocks can be significantly rerated

We remain positive on our high conviction ideas such as KNR Constructions, PNC Infratech and HG Infra as lower debt to equity and better execution capabilities will act as tailwinds

Need to increase capital outlay in road sector by at least 15%, speed up asset monetisation process: ICRA

"FY2022 remains a crucial year for two reasons: a) Importance of government spending to revive economy and b) Significant catch up to do in the ongoing Bharatmala and allied programmes. As a result, the capital outlay is required to be increased by at least 15 per cent,” ICRA said in a statement.

Road sector – funding constraints ease, smooth road ahead for construction players

NHAI has begun monetising assets, recently auctioning 648 km of national highways where Macquarie Group won the rights to manage the bidding worth Rs 9,681.5 crore.

Road sector in focus: How to play the theme

The road sector continues to remain a promising theme within construction for the long-term. This is particularly so in the light of government's renewed focus on roads and consolidation in the sector that will allow serious players to reap dividends.

20 road developers exit projects worth Rs 12,327 crore in 2 years

Sponsors in around 20 road assets involving a total cost of Rs 12,327 crore have monetised their assets as against around Rs 7,000 crore in the preceding 50 months, says a report by domestic agency Icra.

'Arbitration stalling private sector investments in roads'

Arbitration claims worth Rs 70,000 crore from PSUs and public institutions seen over past two years, according to a Yes Bank report released Tuesday.

Road sector comes to the rescue of debt-ridden infra companies

With the ministry keen on awarding more road contracts and fast-tracking the revival of stalled projects, players are rushing to get their houses in order, CNBC-TV18's Rituparna Bhuyan, Navin Shetty and Kritika Saxena report.

ADB clears $300 mn loan for upgradation of UP roads

The project supports the state government's core road network improvement master plan, under which the government plans to improve the roads through a combination of state, private and multilateral resources, ADB said in a statement.

Jindal Shadeed all set to tap $6 bn construction mkt in GCC

JSIS, a subsidiary of the steel-to-power group Jindal Steel and Power (JSPL), has invested USD 1.2 billion to set up a 2 million tonne per annum (MTPA) steel melting shop and a 1.4 MTPA rebar mill at the industrial port city of Sohar in Oman.

Banks start debt restructuring of Rs 1 lakh crore: Jayant Sinha

As on September 2015, the gross NPAs of public sector banks had increased to Rs 3.01 lakh crore as against Rs 2.67 lakh crore in March.

Innovative technologies to drive road sector in future: Survey

Reducing the cost of construction by using innovative technologies and locally available resources along with policy reforms will drive the road sector in the future, says a report.

PPP step to resolve disputes worth Rs 500cr: Ashoka Buildcon

In an interview with CNBC-TV18, Satish Parekh, MD of Ashoka Buildcon said that he expects the company‘s orderbook to grow 20-30 percent over FY17.

Seeing double-digit traffic growth on some routes: Sadbhav

Nitin Patel, executive director, Sadbhav Engineering says the road sector order book stands at 50 percent of the company‘s overall order book.

See uptick in orders; 10-12% topline growth for FY16: NCC

The company is hopeful of clocking more than Rs 8000 crore worth of orders for FY15 and around 8,000-10,000 cr for FY16, says YD Murthy, Executive VP-Finance, NCC.

Railways have no funds, need big investment: Suresh Prabhu

"Railways require big investment. There is no fund for investment. There is requirement of Rs 6 lakh crore to Rs 8 lakh crore for completion of announced projects," Prabhu said at the Agenda Aaj Tak event in New Delhi.

Bidding for projects in Odisha, Bihar: Ashoka Buildcon

The company will now try for distribution in Bihar, Punjab, Odisha and other states and are in the process of bidding in Odisha and Bihar said Satish Parakh, MD, Ashoka Buildcon.

Infra sector face shortage of skilled manpower: Assocham

"India is currently facing an annual paucity of over 10 lakh project management professionals. Moreover, employability is also a key factor in this regard as most of the already employed workers in infrastructure space have not received any vocational training," an Assocham survey report said.

Road sector continues to face multiple challenges: ICRA

ICRA Research has come out with its report on road sector. According to the research firm, road sector in India continues to face multiple challenges in the form of execution impediments, financing constraints, optimistic traffic estimates and stressed financial position of the developers.

IOB expects NPAs to be lower going forward

In an interview to CNBC-TV18, M Narendra, chairman, Indian Overseas Bank talked about the Non- Profit assets. He said NPAs will be lower in the second half as compared to the incremental NPAs in the first half.