NHAI awards Rs.60, 916-cr NH projects

    National Highways Authority of India (NHAI)
    According to the National Highways Authority of India (NHAI), in 2015-16, 79 highway projects worth Rs 68,395.76 crore were awarded. In 2016-17, the number went down to 77 contracts worth Rs.60,915.36 crore. An analyst said large companies had enough exposure in the highway sector and were now keen on executing strategically important projects only. The number of EPC contracts with Hisar-based Gawar Construction, which had a single project — Kullu-Manali double-laning project worth Rs.273.2 crore — in its kitty in 2015-16. Share of big companies like Punj Lloyd and Larsen & Toubro in national highway contracts has shrunk while that of medium-sized firms like Gawar Construction and Dilip Buildcon has increased in the past couple of years, with the government focusing more on awarding projects under fully funded EPC and partially funded HAM models.
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