Road construction in India to witness 7-10 percent slowdown in FY25

03 Jun 2024 CW Team

The pace of road construction in India is expected to witness a 7-10 percent decline in 2024-25 with daily construction estimated at 31 km per day from 34 km per day in 2023-24 due to heightened challenges in execution, CareEdge Ratings said, which will result in the national highways construction to slow down to 11,100 km to 11,500 km in this financial year as against 12,350 km in FY '24.

Increasing project complexities, rising participation of moderate creditworthy sponsors and significant delay in the receipt of appointed date post award of the project are expected to pull down the execution pace to around 31 km per day, it added.

According to the agency, with the announcement of Greenfield expressways and highways, challenges towards land acquisition have aggravated, thereby elongating receipt of the appointed date.

It said that the permissible execution span for projects is uniform at two years, irrespective of the project scope whether brownfield or Greenfield expressway, which has further contributed to project delays.

All the above factors increased the project completion cycle from earlier 2.75-3.25 years to around 3.50-4 years presently, resulting in a higher turnaround time for project execution and a subdued execution pace.

The agency further said that the expected shift in awarding preference from engineering, procurement and construction (EPC) to hybrid annuity model (HAM) and toll projects in the medium term will lead to a 25-30 percent reduction in the share of EPC projects going forward, which will help reduce the funding requirement for NHAI while focusing on the quality of construction.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..