ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » India News

New highways plan offers huge scope for construction cos: ICRA

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App

Rating agency ICRA today said the new highways programme, unveiled by the Cabinet yesterday, offers huge opportunities for construction companies.

The government yesterday approved a mega plan to build 83,677 km of highways by March 2022 at a cost of about Rs 7 lakh crore, which includes the ambitious Bharatmala project.

"This could result in significant jump in annual awards - more than 25,000 km per annum over next three years and consequently provides huge opportunities for construction companies," ICRA said in a statement.

NHDP, the largest highways project ever undertaken in the country till date, is being implemented by the National Highways Authority of India (NHAI) since 2000 and as on March 31, 2017, it has completed construction of 26,255 km, and given this track record, completing 83,000 km by FY2022 looks extremely ambitious, Icra said.

"NHDP execution suffered both on account of funding and approval related issues. While the dependence on the private sector investments for the new programme is low when compared to the twelfth five year plan, which could result in faster awards; securing right of way by complying with Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (RFCTLARR) Act is going to be a challenge," Shubham Jain, VP & Sector Head, Corporate Ratings, said.

He said the success of the programme critically hinges on the pace of land acquisition along with other requisite approvals.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
Updated: Wed, Oct 25, 2017
09:59 pm
PTI
RELATED NEWS
Indian IT services industry's growth pace may slow down in near to mid term: ICRA Indian IT services industry's growth pace may slow down in near to mid term: ICRA
RBI MPC Meeting: Will central bank press pause button on repo rate hike? RBI MPC Meeting: Will central bank press pause button on repo rate hike?
India's economy already 10% more energy efficient than G20 average: IEA India's economy already 10% more energy efficient than G20 average: IEA
GST Council to meet on February 18 GST Council to meet on February 18
No timeline to remove old tax regime, Revenue Secretary Sanjay Malhotra says No timeline to remove old tax regime, Revenue Secretary Sanjay Malhotra says

LATEST NEWS

More OPPO phones to get ColorOS 13 Beta, Official Version - Check complete list

Bharti Airtel Q3 Results Preview: Net profit likely to jump 35%, ARPU may improve by Rs 5 to Rs 195

India's import of Russian crude oil at record high in January

What are green bonds? Sebi releases Dos and don’ts for green debt securities

Pathaan Box Office Collection: Shah Rukh Khan-starrer becomes fastest film to enter "Rs 400 Crore Club" in Indian theatres | Pathaan OTT release date, record, rating

Q3 Results 2023: Tata Steel reports Rs 2,502 crore net loss; SJVN net up 22%, P&G profit dips

Turkey Earthquake: India stands in solidarity with Turkish people, says PM Modi

POCO X5 Pro 5G launched at Rs 22,999: 108MP camera, 5000mAh battery, 67W fast charging and much more

Automobile retail sales rise 14% in January to cross 18 lakh unit mark: FADA

Patanjali Foods shares looking at 17 per cent upside after spate of corrections: Analyst — Check target price

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV