NHAI Targets 5,000 Km Highways in FY25: Project Award Slowdown Explained

Services

FNO Stocks with CA Abhay

Equity Investment with CA Abhay

Option Trading with CA Abhay

Stock Market Masterclass

Equity Trading with CA Abhay

NHAI Targets 5,000 Km Highways for FY25 Amid Project Award Slowdown

Team FS

27/Jun/2024

Key Points:

1: NHAI's FY25 Targets: NHAI aims for 5,000 Km of highways, a 25% decrease from FY24's 6,644 Km.

2: Reasons for Decrease: Slowdown in project awards and election-related constraints contribute to the reduction.

3: Analyst Predictions: Analysts anticipate a 5-8% growth in overall road construction, reaching 12,000-13,000 Km in FY25, marking a 20% increase over FY24.

NHAI has set its sights on constructing 5,000 Km of highways in FY25, marking a notable decrease of 25% from the 6,644 Km achieved in FY24. This reduction primarily stems from a slowdown in the award of projects and constraints imposed by the model code of conduct during elections, which typically restricts new infrastructure initiatives.

Looking ahead, industry analysts are optimistic about the broader landscape of road construction in FY25. They project a growth trajectory of 5-8%, aiming to reach a total of 12,000-13,000 Km in road construction, which would signify a substantial 20% increase compared to the previous fiscal year. This growth outlook reflects expectations of renewed momentum in project awards and expedited construction activities post-election cycles.

The dynamics of NHAI's targets and analyst predictions underscore the evolving trends and challenges within India's infrastructure sector. Stay informed with Finance Saathi as we continue to track these developments and provide insightful analyses on the road construction landscape and its implications for the broader economy.

Also Read : Route Mobile share price jumps 12% after partnership with Microsoft and Proximus group

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX & Upstox.

Services

NHAI Targets 5,000 Km Highways for FY25 Amid Project Award Slowdown

Related News