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Chart Beat: Highways authority is awarding projects at a snail’s pace
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Motilal Oswal Financial Services noted that NHAI would pick up the pace in December, but even so, most road construction companies have reduced their order-inflow guidance for FY24. On the other hand, road construction has gathered pace.
So far in FY24, NHAI has built about 1,990 km of roads. In FY23, road construction touched 4,882 km, or 13.4 km a day, up from 11.8 km a day in FY22.
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