Roads and Railways boost awards
Roads and Railways boost awards; tenders up marginally Overall tendering grew 5% YoY during H1FY22 Awarding activity grew at a 2-year CAGR of 22% in H1FY22 Infrastructure credit near all-time highs
As per a research report released by Emkay Global Financial Services, the Infra project’s award tendering activity picked up in Q2FY22 with 22% YoY growth. Road tenders continued to drive the bulk of the activity in this space (31% of H1FY22). H1FY22 awarding activity has gradually surpassed activity reported in H1FY20/21, delivering a 2-year CAGR of 22% the Central government achieved 31% of its annual budget target with an outflow of ~₹1.71 lk cr (up 28% YoY).
As per a research report released by Emkay Global Financial Services, the Infra project’s award tendering activity picked up in Q2FY22 with 22% YoY growth. Road tenders continued to drive the bulk of the activity in this space (31% of H1FY22). H1FY22 awarding activity has gradually surpassed activity reported in H1FY20/21, delivering a 2-year CAGR of 22% the Central government achieved 31% of its annual budget target with an outflow of ~₹1.71 lk cr (up 28% YoY).
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.
NBM&CW November 2021
