This report covers the current state of the Indian Road Sector, performance of road projects under Hybrid Annuity Model, financial performance of major road developers, and the outlook for FY24. CareEdge Ratings analysed 235 HAM projects awarded between FY16 and FY22, totalling 10,000 km with an aggregate bid project cost (BPC) of ~ Rs 2.74 lakh crore and debt of ~ Rs 75,000 crore. Since execution of projects awarded post March 2022 are yet to commence, they have been excluded. Of the sample, 31% of the projects have become operational, 44% of the projects are under construction, and 25% awaiting an appointed date till December 2022.
This is a premium article available exclusively for our subscribers.
If you are already a subscriber, please Login
If not, subscribe now and get access to well researched articles & reports on infrastructure construction, equipment & machinery, innovations & technology, project reports, case studies, and more. All this by simply paying just ₹200/- for a month of complete portal access, or a discounted rate of ₹1000/- for a full year of access.
