The award for road construction projects by the National Highways Authority of India (NHAI) has slowed down because of the tightened bidding norms imposed by the Ministry of Road Transport & Highways (MoRTH).
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.
With the formation of the new government at the centre, road construction project awards, have picked up, according to a research report by Nuvama. The award for road projects was halted during the first quarter of FY25 because of the imposition of election model code of conduct.
According to the company, improving fleet utilisations, pick-up in road construction projects and increase in cement consumption catalysed the demand recovery for medium and heavy commercial vehicles (MHCVs).
Lucknow (Uttar Pradesh) [India], October 6 (ANI): In view of facilitating ease of movement, Uttar Pradesh Chief Minister Yogi Adityanath has given instructions to run a massive campaign for pothole-free roads in the state.