India highway awards slow down, rebound expected in FY27
after close1 source ↓written by the desknot a recommendation
- construction projected
- 25 kilometers
Fresh project awards in India's roads and highways sector have slowed significantly after record highs in FY22 and FY23. The decline is attributed to stricter eligibility rules and ongoing land acquisition issues, impacting construction activity through FY26. However, a rebound is anticipated in FY27, with daily construction projected at 25 kilometers, the lowest in a decade. 🚧
Despite the slowdown, operational demand remains robust, with steady government spending on infrastructure materials like bitumen and cement.
Not investment advice. For informational purposes only.