The toll collections remain healthy in FY2025-26, with expectation of 7-9% growth in FY2025-26e. Amid soft Wholesale Price Index (WPI) inflation, the inflation-linked toll rate is likely to increase by around 3.3% for newer projects linked to December WPI and 2.5-3.0% for older projects link
Awarding of road construction projects by National Highway Authority of India (NHAI) have remained tepid for the second year in a row. A report by Nuvama Institutional Equities noted that pace of construction of roads however increased.