Road Construction to Dip in FY26

18 Feb 2025 CW Team

India’s road construction pace is set to slow down in FY26, with the Ministry of Road Transport and Highways (MoRTH) expected to build 9,500-10,000 km, marking a 5% decline from the estimated 10,000-10,500 km in FY25, according to ICRA. The slowdown is attributed to reduced project awarding over the past two years.

In the first nine months of FY25, MoRTH awarded just 3,100 km of projects, significantly lower than the 5,835 km awarded in the same period of FY23. However, a recent pickup in awarding since November 2024 could push project awards to 8,500-9,000 km in FY25, with potential growth of 9-11% in FY26 if the momentum continues.

“With awarding expected to improve only in FY26, road developers may see subdued revenue growth over the next 12-15 months,” said Vinay Kumar G, Sector Head, Corporate Ratings, ICRA, noting that competition will remain high as firms aggressively bid for limited projects.

Meanwhile, toll collection growth is set to moderate due to slower expansion in the construction, manufacturing, and mining (CMM) sectors. Traffic growth is likely to ease to 2-3.5% in FY25, with toll revenue rising 5-7%. In FY26, an expected 3.5-4.2% increase in toll rates and 3-5% traffic growth could drive toll collections up 7-9%, the report added.

Infrastructure Urban

09 Mar 2026

Flender Inaugurates Wind Gearbox Test Rig In Chennai

Chennai, 6 March 2026: Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the installation of the largest test rig of its kind in India. The facility was inaugurated on 5 March in the presence of Andreas Evertz, CEO, Flender Group; Lars Wiegemann, Vice President – Wind Gears; and Vinod Shetty, CEO, Flender India.The test rig has been developed to support testing and validation of wind turbine gearboxes, strengthening the company’s capabilities in the renewable energy sector. The commissioning was completed within three months thr..

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..