29.4 C
Delhi
Saturday, July 19, 2025

NHAI awards 60 pc in H1 FY23, says CRISIL

Date:

Share post:

Donate-GC-Razorpay

New Delhi: The National Highways Authority of India (NHAI) awarded only 777 km of road projects in the first half of the current fiscal, a three-fiscal low and a 60 per cent drop compared with last year, CRISIL Market Intelligence and Analysitics said on Thursday.

Slackened pace of execution and highly inflated prices of key input materials (owing to uncertainties arising out of global geopolitical tensions) have acted as major impediments to awarding momentum, CRISIL said.

However, NHAI has already floated tenders for 2,200 km so far this fiscal, as much as 36 per cent more than in the same period last fiscal, it said.

Considering the ramp-up that typically happens in the fourth quarter, awarding in the second half of the fiscal is expected to improve substantially, the rating agency added.

Related articles

Missiles in the Monsoon: India Tests Its Arsenal, But Who Should Fear?

A Thunderclap Over the BayIt was a humid monsoon morning at Chandipur, Odisha. A lone myna bird...

Bangladesh on the Brink: A Nation Struggles with Its Past, Present, and Future

A Land Stirred by Memory and MovementIn the heartland of Gopalganj, where the scent of jute fields...

Creating history, Indian astro and three other AX 4 ISS mission crew set for splashdown

Chennai: As the entire world is waiting with bated breadth, the four member crew of Axiom Mission AX-4...

Yogi sets 10% contribution to national economy target by 2026

Lucknow:  Describing the state's economic journey as a transition from "possibilities to results," Uttar Pradesh Chief Minister Yogi...