CRISIL: Will Build  32-34 km/day of National Highways
ROADS & HIGHWAYS

CRISIL: Will Build 32-34 km/day of National Highways

As input prices are anticipated to stay high, New Delhi, India's national highway building will likely only reach 32–34 km per day during the current fiscal year, according to a report released on July 18 by rating agency Crisil NSE 0.61 percent. The rating agency added that it anticipates a pick-up in highway building after the monsoon.

Due to the COVID-19 pandemic-related disruption and a longer-than-usual monsoon in some regions of the country, national highway construction in India slowed to 28.64 km per day in 2021–2022.

In 2020–21, the nation's national highway (NH) construction rate reached a record-high 37 kilometres per day.

According to Crisil, grants by the Ministry of Road Transportation and Highways (MoRTH), which includes the National Highways Authority of India (NHAI), fell sharply by 42% year over year to 969 km, slowing down national highway projects.

It claimed construction also slowed, falling 14% year over year to 1,966 km, or 22 km per day, as developers delayed purchasing materials due to rising input costs.

The report states that in light of this situation, awarding contracts would need to scale up dramatically over the course of the next nine months in order to meet the ministry's lofty goal of building 50 kilometres every day.

However, it added that the project award had reached a high of 12,731 km last year and that the outlook remained good.

According to Crisil, the ministry will likely award 12,000–13,000 km of national highway projects this fiscal year, primarily under the Bharatmala program. The uptake of these projects will be aided by developer-friendly policies under Atmanirbhar Bharat, which have been extended through October 2022.

See also:
Ways to deal with the current construction materials prices hike
CM commends NHAI for Amravati Highway


As input prices are anticipated to stay high, New Delhi, India's national highway building will likely only reach 32–34 km per day during the current fiscal year, according to a report released on July 18 by rating agency Crisil NSE 0.61 percent. The rating agency added that it anticipates a pick-up in highway building after the monsoon. Due to the COVID-19 pandemic-related disruption and a longer-than-usual monsoon in some regions of the country, national highway construction in India slowed to 28.64 km per day in 2021–2022. In 2020–21, the nation's national highway (NH) construction rate reached a record-high 37 kilometres per day. According to Crisil, grants by the Ministry of Road Transportation and Highways (MoRTH), which includes the National Highways Authority of India (NHAI), fell sharply by 42% year over year to 969 km, slowing down national highway projects. It claimed construction also slowed, falling 14% year over year to 1,966 km, or 22 km per day, as developers delayed purchasing materials due to rising input costs. The report states that in light of this situation, awarding contracts would need to scale up dramatically over the course of the next nine months in order to meet the ministry's lofty goal of building 50 kilometres every day. However, it added that the project award had reached a high of 12,731 km last year and that the outlook remained good. According to Crisil, the ministry will likely award 12,000–13,000 km of national highway projects this fiscal year, primarily under the Bharatmala program. The uptake of these projects will be aided by developer-friendly policies under Atmanirbhar Bharat, which have been extended through October 2022.See also: Ways to deal with the current construction materials prices hikeCM commends NHAI for Amravati Highway

Next Story
Infrastructure Urban

Eicher Bags Landmark Order of 1621 Buses and 42 HD Trucks from UPSRTC

Eicher Trucks & Buses, a division of VE Commercial Vehicles (VECV), has secured a significant order from UPSRTC for 1,621 buses and 42 heavy-duty trucks. The order includes 1,344 units of LMD Built-up Non-A/C Buses (Skyline Pro 3011 L and Skyline Pro 3010 L) for efficient passenger transport, 197 units of Eicher Pro 6016 12m AC Buses, 80 units of Eicher Pro 6016 CNG Bus Cowl Chassis, and 42 units of Eicher Pro 3019 Trucks for logistics and parts movement. This highlights Eicher Trucks and Buses commitment to providing reliable transportation solutions covering the entire operating requirement ..

Next Story
Technology

Garuda Aerospace to Build Andhra Pradesh as India’s First Drone City

Garuda Aerospace has announced plans to develop Andhra Pradesh as India’s first ‘Drone City’ with an investment of Rs 1 billion. The initiative, unveiled after a strategic meeting with Civil Aviation Minister Ram Mohan Naidu, aims to establish the state as a hub for drone innovation, research, and development, positioning India as a global leader in drone technology. The project will focus on cutting-edge research, talent development, and the implementation of the ‘Namo Drone Didi’ initiative, which trains rural women in drone technology. Aligned with the ‘Viksit Bharat S..

Next Story
Infrastructure Energy

Amara Raja Wins SECI BoS Auction for 300 MW Solar Project

Amara Raja Infra (ARIPL), a subsidiary of battery manufacturer Amara Raja, has won Solar Energy Corporation of India’s (SECI) auction to supply a balance of system (BoS) to set up a 300 MW grid-connected solar power project at Ramagiri, Andhra Pradesh. Amara Raja won the work for a contract value of Rs 5.44 billion. The tender was floated in March 2024. The scope of work comprises designing, engineering, procuring, constructing, and commissioning the project. It also includes five years of comprehensive operation and maintenance of the project. The contract excludes solar modules, which..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000