Highway construction slows to 20.43 km/day in Apr-Jul period

16 Aug 2022 CW Team

The pace of national highway (NH) construction in the country has slowed to 20.43 km a day during the first four months of the current financial year, according to official data.

While the pace had touched a record 37 km per day in 2020-21, it slowed to 28.64 km a day in 2021-22 due to COVID-19 pandemic-related disruptions and a longer-than-usual monsoon in some parts of the country.

"The ministry has constructed 2,493 km of National Highways up to July in 2022-23, as compared to 2,927 km constructed up to July 2021-22," the Ministry of Road Transport and Highways (MoRTH) said in its monthly summary for the Cabinet for July 2022.

According to the ministry data, only 1,975 km of road projects were awarded between April-July in 2022, compared to 2,434 km of road projects awarded in the year-ago period. The National Highways Authority of India (NHAI) and National Highways and Infrastructure Development Corporation Ltd (NHIDCL) are primarily responsible for the construction of national highways and expressways across the country.

The official target of highway construction has been kept at 12,000 km for the current financial year. The ministry had constructed 10,237 km in 2019-20, 13,327 km in 2020-21 and 10,457 km in 2021-22.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..