NHAI floats ₹2,553.84 crore NH-53 widening tender
NHAI floated a precise ₹2,553.84 crore tender to widen 42 km of NH-53 between Nagpur and Bhandara to six lanes. Land acquisition is complete, but listed road developers will benefit only after award and contractor disclosure.
after close1 source ↓machine-written, see hownot a recommendation
- IRB close
- ₹17.62
- On the day
- +0.28%
- 52-week high
- ₹45.95
- 52-week low
- ₹16.75
The National Highways Authority of India floated a ₹2,553.84 crore tender to widen the remaining 42-km stretch of NH-53 between Nagpur and Bhandara to six lanes. The project will close a major gap in the corridor after the Bhandara bypass and a section near Mauda were widened. NHAI official Abhijit Jichkar said rising traffic had necessitated the upgrade, while land acquisition has already been completed. 🚧
The proposed work includes flyovers, underpasses, service roads and a modern drainage system. Existing bridges will be widened or reconstructed where required. Service roads are intended to separate local traffic from long-distance vehicles, while grade-separated crossings should reduce interruptions along the route. Groundwork is expected to begin after the tender is awarded, so the project currently represents an infrastructure opportunity rather than an awarded order for any specific listed company.
For market context, OI Charts data showed IRB Infrastructure Developers at ₹17.62 on 16 Oct 2026, up 0.28% on the session, with volume of 55,66,903 shares. The stock gained 0.3% over one session and 0.8% over five sessions but remained down 6.5% over 20 sessions. Its 52-week range was ₹16.75 to ₹45.95, with the low recorded on 29 Sep 2026 and the high on 17 Nov 2025. The figures show modest short-term strength against a weaker recent monthly trend, but do not establish a link between the company and this NHAI tender. 🛣️
The next market-sensitive steps are bid submission, tender award and disclosure of the successful contractor. Investors will also watch whether the package follows an engineering, procurement and construction model or another highway-development structure, as this will determine how directly listed road developers and construction companies benefit. Order-book recognition, execution timelines and subsequent NHAI disclosures will provide clearer visibility on revenue impact. The tender’s size supports sector relevance, but the commercial benefit to any company remains unconfirmed. ⚙️
Source: ET Infra and news.google.com, 19 Oct 2026
Not investment advice. For informational purposes only.