The National Highways Authority of India (NHAI) on Wednesday (Oct 7) said it has awarded 40 national highway projects totalling 1,330 km in the first half of the current fiscal. In the comparable April-August period of the last fiscal, the authority had awarded 828 km national highway projects.
During April to September 2020, NHAI has awarded a total of 40 projects covering 1330 km length. Capital cost of these 40 projects is estimated to be Rs. 47,289 crores, which includes cost of civil work, land acquisition, and other pre- construction activities.
NHAI announced that it has set a target of awarding 4500 km of projects during current Financial Year and is likely to exceed the target.
” The projects awarded so far in first half of the current Financial Year are 1.6 times higher of 828 km awarded in FY 19-20 and 3.5 times higher of 373 km awarded in FY 18-19 during the same period.” a NHAI press release said.
For the awarded projects, NHAI sid that it has already completed atleast 80 to 90 percent of the land acquisition, actioned utilities shifting and has obtained required clearances from various forest and environment authorities.
According to a Business Standard report, 24 highway contracts out of 40 awards are engineering, procurement, and construction (EPC) projects; the rest 16 are hybrid-annuity model (HAM) contracts.
Based on its analysis of data available on the NHAI website, Business Standard identified Dilip Buildcon, Larsen & Toubro (L&T), IRB Infrastructure Developers (IRB Infra), Sadbhav Engineering, Ashoka Buildcon, PNC Infratech and G R Infraprojects are among companies issued letter of awards in FY21. Dilip Buildcon, one of the main beneficiaries, said in its August 14 analyst presentation that the company had recorded overall orders worth Rs 10,703 crore to date in FY21