NHAI projects: Current size and value

01 Mar 2019 CW Team

“This year, our focus has been on the FC of HAM projects,” says Sharma. “Plus, we now ensure we award projects only when 80 per cent of the land is in our possession. So even if the award date gets shifted, at least the land is there. That has been a major change this year.”

Industry rumours reveal that this challenge led to NHAI awarding projects primarily on the EPC route. But even in EPC projects, developers are finding it difficult to procure performance and mobilisation bank guarantees. However Sharma clarifies, “We have been awarding projects on the EPC mode only in the case of greenfield projects. As a policy, we have decided to award about 60 per cent of projects under HAM.”

“There have been pressures given the challenges of fiscal management where there is a dependence on the government for funding through the Budget,” says Madan Sabnavis, Chief Economist, CARE Ratings. He adds that the latest budget has an allocation of about Rs 370 billion, which is supported by extra budgetary resources. The Ministry of Roads, Transport and Highways, along with its implementing bodies NHAI and NHIDCL, has awarded over 51,000 km of national highways over the past four years. The award rate has climbed from 21.9 km per day to around 46.7 km per day. Construction rate, too, has increased from 12.4 km per day to 26.9 km per day. The award rate has grown 113 per cent and the construction rate has increased by 117 per cent. These two parameters taken in isolation indicate a sizeable improvement in the development of the road network. Additionally, budgetary allocation has doubled from Rs 350 billion in FY15 to Rs 710 billion in FY19, a 100 per cent increase over the four-year period.

SHRIYAL SETHUMADHAVAN

With a 10,000 km target set aside for the construction of National Highways in FY2018-19, this sector spurs maximum construction opportunities for contracting companies. And reports indicate that 6,715 km has been achieved as on December 31, 2018. According to Asheesh Sharma, Member-Finance, National Highways Authority of India (NHAI), “This year, the amount of construction we do will be the highest.”“This year, our focus has been on the FC of HAM projects,” says Sharma. “Plus, we now ensure we award projects only when 80 per cent of the land is in our possession. So even if the award date gets shifted, at least the land is there. That has been a major change this year.”Industry rumours reveal that this challenge led to NHAI awarding projects primarily on the EPC route. But even in EPC projects, developers are finding it difficult to procure performance and mobilisation bank guarantees. However Sharma clarifies, “We have been awarding projects on the EPC mode only in the case of greenfield projects. As a policy, we have decided to award about 60 per cent of projects under HAM.”“There have been pressures given the challenges of fiscal management where there is a dependence on the government for funding through the Budget,” says Madan Sabnavis, Chief Economist, CARE Ratings. He adds that the latest budget has an allocation of about Rs 370 billion, which is supported by extra budgetary resources. The Ministry of Roads, Transport and Highways, along with its implementing bodies NHAI and NHIDCL, has awarded over 51,000 km of national highways over the past four years. The award rate has climbed from 21.9 km per day to around 46.7 km per day. Construction rate, too, has increased from 12.4 km per day to 26.9 km per day. The award rate has grown 113 per cent and the construction rate has increased by 117 per cent. These two parameters taken in isolation indicate a sizeable improvement in the development of the road network. Additionally, budgetary allocation has doubled from Rs 350 billion in FY15 to Rs 710 billion in FY19, a 100 per cent increase over the four-year period.SHRIYAL SETHUMADHAVAN

Products

04 Dec 2025

Kuche7 Launches Ruby Vanity for Sculpted, High-Performance Bathrooms

Kuche7, India’s leading maker of premium stainless-steel kitchens, has unveiled the Ruby Vanity, a bathroom system engineered for long-term performance with a warm, sculpted aesthetic. Built on a 304-grade stainless-steel framework, the vanity offers corrosion resistance, structural strength and high durability suited to humid environments.Precision metal-forming enables the seamless curved façade, finished in a matte beige PU coat and paired with a marble countertop for depth and texture. Stainless-steel internal carcasses ensure efficient, moisture-resistant storage for everyday use. The ..

Resources

04 Dec 2025

Knauf India Doubles Capacity with New Metal Line at Khushkhera Plant

Knauf India, the world’s leading drywall and ceiling solutions company, has inaugurated a new Metal Line at its Khushkhera plant, doubling the facility’s overall production capacity. The expansion strengthens Knauf’s local manufacturing footprint and supports the growing domestic demand for advanced building materials.The launch was held during Knauf’s Dealer Engagement Day, which brought together dealers, partners and team members from across the country for a full-day programme combining technical demonstrations and engagement activities. The event began with a guided plant tour show..

Products

04 Dec 2025

Valueline Launches Tiberio by Ceramica Cielo in India

Valueline, a premium home solutions brand established in 2002, has announced the launch of Tiberio by Ceramica Cielo, an Italian bathroom collection that pairs traditional ceramic craftsmanship with contemporary design. The series is positioned to bring refined elegance and architectural depth to modern interiors.Designed by Andrea Parisio and Giuseppe Pezzano, Tiberio emphasises balanced proportions and a harmonious integration of ceramic and wood. The collection offers both modular and freestanding formats, enabling application across varied settings including high-end residences, boutique h..