In the past year, several stocks have benefited from road construction projects in India. Here are a few notable companies and their achievements:
1️⃣ PNC Infratech: The company achieved financial closure for an Rs 819 crore highway project and received a provisional completion certificate for a Rs 1,602 crore project from the National Highways Authority of India (NHAI).
2️⃣ IRB Infrastructure Developers Ltd.: The company’s infrastructure trust received a Rs. 1,683 crore order from the NHAI for a tolling, operation, and maintenance project.
3️⃣ RPP Infra Projects: The company won a Rs. 300.4 crore order for road and drain works, adding to its order book of Rs. 3,200 crore.
4️⃣ Ashoka Buildcon: The company’s stock jumped 9% after it sold an equity stake in 12 road assets to Highways Infrastructure Trust.
5️⃣ KNR Constructions: The company’s stock rose 3% after receiving an order worth Rs. 1,174 crore for the construction of the Western Bhopal Bypass.
6️⃣ Hindustan Construction Company: The company’s subsidiary, HCC Infrastructure Company, received Rs. 110 crores as earn-out money from Cube Highways and Infrastructure V Pte Ltd for a stake sale in Baharampore-Farakka Highways.
These companies have shown significant growth and are well-positioned to benefit from the ongoing road construction projects in India.