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The competitive intensity in the road construction sector seems to have subsided which can be seen in the bids by the contractors. Here are four charts which tell the story.
NHAI awarding was lukewarm in FY23
HAM projects
The contractors’ bids were above the NHAI cost in FY23 suggesting lower competitive intensity
EPC contracts
However, in case of EPC contracts, competition was intense
Top-12 players
Here is how top 12 contractors for HAM projects bid over the years.
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