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).

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