NHAI heightens the pace of project awards

The National Highways Authority of India (NHAI) has awarded 60% more length of road projects during the first half of FY 2020-21 as compared to the corresponding period of the preceding fiscal, despite the Covid-19 pandemic. This is the highest length of projects awarded in the past three years, during the same period. The fastest-growing construction companies that are being selected after analyzing their last six years' annual performances are those that have managed to take a large share in the contracts awarded. NHAI has set a target of awarding 4,500 km of projects during 2020-21 and is likely to exceed the target. According to NHAI, Dilip Buildcon, Larsen & Toubro (L&T), IRB Infrastructure Developers (IRB Infra), Ashoka Buildcon, PNC Infratech and GR Infra projects are some of the major companies that have been issued the letter of awards in FY21. All these companies have figured in India's annual listing of Fastest Growing Construction Companies, analyzed and compiled annually by the First Construction Council - an infrastructure think-tank which has been tracking construction companies since 2003.