H1 sees national highway construction at 20.23 km/day

05 Oct 2023 CW Team

The pace of national highway construction in India had dropped to 15.6 km a day in the second quarter of 2023-24 from 23.63 km a day in the first quarter of FY24 due to heavy rainfall and elections in some states.

They stated that on average, 20.23 km a day of highways were built in the six months ended September, compared with 21 km a day in the five-month period ended August.

It was revealed that the National Highways Authority of India, the agency responsible for developing, maintaining, and managing national highways, and the Ministry of Road Transport & Highways collaborated to construct 506 km of national highways in September. This was a decrease from the 526 km constructed in August and the 420 km built in July. As of September 30, the ministry's capital expenditure was Rs 1.23 trillion, which was lower than the government?s estimate of Rs 1.8 lakh crore.

Despite the sequential decrease in the quarterly pace of road construction, with 3,702 km built in H1, it remained higher than the 3,559 km constructed in the first six months of FY23. In FY22, approximately 3,824 km of national highways were constructed in the first six months.

The government had planned to spend 90% of its budgetary allocation of Rs 2.58 trillion by December, but due to heavy rains and elections in some states, the construction progress was hindered. By the end of the first quarter, the ministry had spent Rs 992.73 billion, and by July-end, it had managed to utilize Rs 1.01 trillion, which increased to Rs 1.12 trillion by August 31.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..