(DNA)
The last few years have seen a fall in the number of infrastructure companies participating in National Highways Authority of India’s (NHAI) bids and the top ten companies in the fray are bagging more contracts value-wise as compared to earlier.
While firms like Dilip Buildcon, Sadbhav Engineering and PNC Infratech have been increasing their pie of NHAI contracts, Larsen & Toubro (L&T), J P Associates and Gayatri Projects are being selective about the financial models they opt for.
“Between 2003-2013, over 50 active players were in the fray. The top ten players had garnered about half orders value-wise. Whereas, between 2014-2017, about 40 active players were in the fray and the top ten players garnered two-third orders value-wise,” read Icra’s report on Indian Roads & Construction sector.
