News Detail

News:

To fast-track building of highways in tough terrains and border areas, National Highways and Infrastructure Development Corporation aims to award projects worth Rs 48,000 crore next fiscal.As of today, the company has been entrusted with 99 National Highway projects covering an approx length of 4,400 km to be executed at a cost of approximately Rs 50,000 crore... During 2016-17, the company proposes to award 54 projects covering 4,900 kilometre with an estimated cost of Rs 48,000 crore.

Source: ET

SNP Insights:

NHIDCL which is formed to fast track  highway projects which have been pending so long with Border Roads Organization (BRO) for several years is running in right track with its pace of execution  as well as  with the introduction of new processes and procedures. The current as well as the proposed 54 projects for 2016-17 is expected to establish a well connected border region which will promote cross border trade, commerce as well as security in border regions. The developers as well as the allied industries like steel, cement etc. can extract huge opportunities from the current as well as proposed projects

Source: SNP Infra research