With changes in how the National Highways Authority of India (NHAI) and its parent body Ministry of Road Transport and Highways (MoRTH) give out projects, the infrastructure sector has gathered momentum. The biggest beneficiary post the changes are however not the well established infrastructure majors but relatively smaller firms.
Data compiled by investment bank Equirus Securities for the NHAI shows that large firms such as Dilip Buildcon (Rs 18,770 crore), IRB Infrastructure (Rs 8,900 crore) and Ashoka Buildcon (Rs 5,500 crore) were the largest contract awardees, smaller firms including J Kumar Infraprojects, Madhucon Projects, HG Infra and several joint ventures between Monte Carlo and PNC Infratech grabbed up 48 per cent of the total bids awarded in the current fiscal.
The report adds that bids for the small project segment – projects below Rs 200 crore – saw 10 to 15 participants while for those above Rs 200 crore saw the interested parties drop to between six and ten. Read More
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