FASTEST GROWING CONSTRUCTION COMPANIES IN INDIA
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FASTEST GROWING CONSTRUCTION COMPANIES IN INDIA

Infrastructure is a major focus area for the Indian Government. Whether it is highway development, bridges or other infrastructure projects such as power, aviation, water transport and railways, the Government has been providing the right impetus to every sector. Initiatives such as the Smart C...

Infrastructure is a major focus area for the Indian Government. Whether it is highway development, bridges or other infrastructure projects such as power, aviation, water transport and railways, the Government has been providing the right impetus to every sector. Initiatives such as the Smart Cities mission and expressway corridor, in addition to the National Infrastructure Pipeline (NIP) and the recently announced National Monetisation Pipeline (NMP) indicate that the Indian infrastructure sector remains a vibrant space for development.Indeed, the infrastructure sector is a key driver for the Indian economy. It is highly responsible for propelling the country’s overall development and enjoys intense focus from the Government to initiate policies that would ensure time-bound creation of world-class infrastructure. Data from the Department for Promotion of Industry and Internal Trade (DPIIT) shows that FDI in the construction development sector (townships, housing, built-up infrastructure and construction development projects) and construction (infrastructure) activities stood at $26.08 billion and $24.72 billion, respectively, between April 2000 and March 2021. In FY21, infrastructure activities accounted for a 13 per cent share of total FDI inflows of $81.72 billion.India plans to spend $1.4 trillion on infrastructure projects through the NIP from 2019 to 2023 to ensure sustainable development.Highway development is among the best-performing segments. In the roads sector, the Government’s initiatives to increase private-sector participation has proved to be a boon for the infrastructure industry as many private players are entering the business through the public-private partnership (PPP) model. In Union Budget 2021, the Government allocated `60,241 crore for roadworks and `57,350 crore for national highways. It plans to construct 8,500 km of roads by March 2022. Moreover, an additional 11,000 km of national highway corridors will be completed by March 2022. The Government has also announced an outlay of Rs.118,101 crore for the Ministry of Road Transport and Highways (MoRTH). Further, under the Bharatmala Pariyojana, it has awarded projects worth Rs.5.35 lakh crore, including construction of over 13,000 km of roads worth Rs.3.3 lakh crore. In fact, MoRTH has achieved a milestone by constructing 13,298 km of national highways, at a construction rate of 37 km per day, in FY21.NHAI is currently executing five greenfield expressways spanning 2,483 km (1,887 km awarded) and 17 access-controlled corridors spanning 5,926 km (2,358 km awarded). This implies an estimated balance award potential of 4,164 km worth Rs.1.45 lakh crore over the next two to three years. NHAI is targeting to commission these expressways or corridors by FY25. Besides these, it will also continue to award the balance components of Bharatmala, which should lead to a total award potential of ~6,000 km per year for the next three years.With regard to financial viability, the NMP seems to be a positive step. The strategic objective of the asset monetisation programme is to unlock the value of investments in public-sector assets by tapping private-sector capital and efficiencies. This capital can thereafter be leveraged for augmentation or greenfield infrastructure creation. Asset monetisation, also commonly referred to as asset or capital recycling, is a widely used business practice globally. NMP estimates aggregate monetisation potential of Rs 6 trillion through core assets of the Central Government, over FY22-FY25. The top five sectors (by estimated value) capture around 83 per cent of the aggregate pipeline value. These include roads (27 per cent), followed by railways (25 per cent), power (15 per cent), oil and gas pipelines (8 per cent), and telecom (6 per cent).

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Real Estate

Mahindra Lifespaces Bags Rs 12.5 billion Redevelopment in Mulund

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project will be developed across a 3.08-acre land parcel, with an estimated development value of approximately Rs 12.5 billion. Strategically located, the site enjoys proximity to major connectivity points—just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also offers seamless access to the Eastern Expre..

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Infrastructure Urban

Snowman Adds Warehouses in Kolkata and Krishnapatnam

Snowman Logistics, India’s leading integrated temperature-controlled logistics company, has announced the commencement of operations at its two new state-of-the-art, owned cold storage facilities in Kolkata and Krishnapatnam. With these additions, the company’s total pallet capacity has reached 1,50,754, spanning 43 warehouses in 20 cities across the country. The newly operational Kolkata facility offers a storage capacity of 5,630 pallets, while the Krishnapatnam facility holds 3,927 pallets. These warehouses are equipped with advanced automation and infrastructure designed to enhanc..

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Resources

Noesis Enables IHCL Hotel Deal in Udupi–Manipal Corridor

NOESIS Capital Advisors, India’s leading hotel investment advisory firm, has successfully facilitated a landmark hospitality transaction in the Udupi–Manipal region of Karnataka. The deal involves the acquisition of a nearly completed, 130-key upscale hotel that will operate under one of the premium brands of IHCL, reinforcing NOESIS’ position as a preferred partner for strategic hospitality transactions across India. Strategically located on the Udupi–Manipal Highway, the 1.03-acre property will cater to business travellers, pilgrims and families visiting Manipal University. With..

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