Infra Sector Check - NHAI Project Awarding Subdued, Hurts Order Inflows: Motilal Oswal

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Project awarding by National Highway Authority of India stands at 310 km and construction stands at 1,990 km in FY24 year-to-date. The muted awarding by NHAI has hit FY24 order inflows for several road construction companies. Some companies also reduced their order inflow targets for FY24 due to the slow pace of awarding. Toll collections have been improving, with FASTag-based toll collections at Rs 419 billion during April-November 2023 and a daily run rate of ~Rs 1.7 billion. In Nov-23, daily average toll collections stood at ~Rs 1.8 billion. NHAI’s primary focus is on asset monetization as a means to generate funds beyond budgetary allocations. NHAI awarded two toll-operate-transfer bundles, 11 and 12, totaling 400 km, at a cost of Rs 66 billion in Oct-23. For FY24, NHAI aims to achieve a total monetization target of up to Rs 450 billion. Dedicated Freight Corridor Corporation of India Ltd. revised the timelines for Dedicated Freight Corridor projects, and these projects are now expected to be completed by Dec-24..Click on the attachment to read the full report:.Hindustan Oil Exploration - Undergoing A Strategic Shift: Motilal Oswal.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Infra Sector Check - NHAI Project Awarding Subdued, Hurts Order Inflows: Motilal Oswal

The muted awarding by NHAI has hit FY24 order inflows for several road construction companies.

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Infra Sector Check - NHAI Project Awarding Subdued, Hurts Order Inflows: Motilal Oswal

The muted awarding by NHAI has hit FY24 order inflows for several road construction companies.

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