Hello Readers,
Road construction companies which previously banked on securing road projects under the Bharatmala programme now need to look at undertaking diversification as the pace of road contract awards is slowing down.

According to a report by Nuvama Institutional Equities, road project awards in 2024-25 declined to about 2,170 km of projects worth ₹47,000 crore compared with 6,300 km worth ₹1.3 lakh crore in 2022-23.

The report also highlighted that the share of listed companies in road projects awards is declining, and with no increase in budgetary allocation for the road sector, executing road projects at desired margins could be challenging.
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Other key developments this week:

China seeks to edge India out of Bangladesh port projects
Amid shifting regional dynamics, China is making a strategic push to replace India in key port infrastructure projects in Bangladesh, raising concerns in New Delhi.
Explore the story

Alleged dredging scam at JN Port pits ministry against Cabinet call
The Modi Cabinet is under scrutiny after a CBI FIR raised red flags over a dredging contract awarded at Jawaharlal Nehru Port, prompting political and regulatory reactions.
Catch the update

Dredging scam unravels at JN Port
ET Infra investigates the emerging details of the alleged scam at Jawaharlal Nehru Port, involving irregularities in tendering, vendor selection, and execution.
Read the full investigation

IndiGo launches long-haul ops amid market concerns
Despite dominating India’s domestic skies, IndiGo is now launching long-haul flights, raising strategic questions about its ability to manage international expansion alongside a competitive home market.
Read more

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