With the pandemic rearing its ugly head towards the end of FY20, FY21 was expected to be another forgettable year for the road sector. However, the actual figures have confounded one and all.
As much as ~13,300 km of National Highways were built in FY21 compared with around 10,240 km in FY20, up around 30% y-o-y.
Similarly, project awards (NHAI + MoRTH) were up 17% y-o-y to ~10,500 km.
The NHAI awarded/opened bids for projects worth ~Rs 1.4 trn and spanning ~4,800 km during the fiscal.
Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.
Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.