Rs.60,000 cr projects to be awarded

India is likely to award road projects worth Rs 60,000 crore in the last quarter of the fiscal to March, providing the much-needed relief to infrastructure companies that have been struggling with dwindling order books and muted cash flows amid the lull in government contracts for almost three years.The government is likely to award projects totalling 8,000 km primarily as EPC contracts. These cash contracts promise a shot in the arm for infrastructure companies, most of which have underutilised or idle labour and equipment.The ministry of road transport and highways is in the process of tying up with cement makers and steel manufacturers to ensure supplies for concrete road projects for the next year.