Top 5 roads and highway stocks in India ranked by order book value
Subscribe to enjoy similar stories. India’s road network is the second largest in the world and the pace of expansion shows no signs of slowing down. Over the past decade, the country’s National Highway network has grown by 60%, reaching 146,195 kilometres (km) in 2025.
Flagship programmes like Bharatmala Pariyojana and the National Highway Development project have played a crucial role in this transformation, with thousands of kilometres of highways built every year. In 2023-24 alone, 12,349 km of highways were completed, averaging 33.83 km per day. This infrastructure push isn’t just about connectivity—it’s a massive opportunity for companies involved in road construction.
With projects worth thousands of crores in the pipeline, the roads and highways sector remains a key driver of economic activity. But which companies are leading the pack? In this article, we rank five major road and highway players in India based on their order book, giving investors a clearer picture of who’s best positioned to ride this infrastructure boom. Out of all the roads and highway stocks listed in the Indian stock market, these five companies have the highest order books at present.
Take a look… H.G. Infra has built a reputation for executing large-scale infrastructure projects with precision. The company specializes in EPC and Hybrid Annuity Model (HAM) projects, focusing on roads, highways, railways, metro and solar infrastructure.
As of December 2024, H.G. Infra boasts an order book of ₹11,200 crore, providing strong revenue visibility. Roads and highways remain its dominant segment, benefiting from the government’s continued infrastructure push.
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