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India’s infrastructure landscape is undergoing a transformative revolution, and at the heart of this change lies the vital sector of highways and roads. With the government’s ambitious infrastructure development plans like Bharatmala Pariyojana and Sagarmala Project gaining momentum, the highway and roads sector is poised for tremendous growth in the coming year. As we stand at the cusp of 2024, let’s take a look at the top 5 highway and roads companies that are set to make a significant mark in the Indian market:
1. Larsen & Toubro (L&T)
L&T is a diversified engineering and construction conglomerate with a strong presence in the Indian infrastructure space. They have a rich experience in building complex highways and bridges, and are well-positioned to capitalize on the upcoming infrastructure projects. Recent major contracts like the construction of the Mumbai-Goa Highway and the Chennai-Salem Expressway showcase their expertise and commitment to the sector.
2. IRB Infrastructure Developers Ltd
IRB is a leading private player in the highways sector, boasting a successful track record of developing, building, and operating toll roads across India. Their focus on innovative financing models and efficient project execution has made them a preferred partner for government contracts. With a strong portfolio of projects like the Mumbai-Pune Expressway and the Bangalore-Mysore Highway, IRB is poised for further expansion in 2024.
3. PNC Infratech Ltd
PNC Infratech is a leading infrastructure company with a focus on highways and roads. They have a strong presence in the eastern and southern parts of India, and are known for their expertise in project management and execution. Recent projects like the Chennai-Trichy Highway and the Nagpur-Wardha Expressway have established their capabilities in the sector.
4. Engineers India Ltd (EIL)
EIL is a public sector undertaking under the Ministry of Petroleum and Natural Gas, and is primarily involved in providing engineering and consultancy services for the oil and gas sector. However, they also have a growing presence in the infrastructure sector, particularly in the development of pipelines and highways. Recent projects like the Paradip-Bhadrak-Rourkela-Bhubaneswar (PBRB) Pipeline and the Raipur-Visakhapatnam Expressway showcase their diversification into the infrastructure space.
5. KNR Constructions Ltd
KNR Constructions is a mid-sized infrastructure company with a focus on highways and roads in southern India. They are known for their strong execution capabilities and focus on regional projects. Recent projects like the Salem-Ulundurpet Highway and the Coimbatore-Pollachi Highway have established their presence in the southern market.
Disclaimer: This is just recommended stocks by NHL Finance, do your own research before investing in any stock
