Infra Sector Check - Activity Subdued In Q1 FY23: Motilal Oswal

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Project awarding by agencies such as National Highways Authority of India has been muted so far in FY23 with projects of 169 km only being awarded to date. NHAI, which ended FY22 with awards of 6,306 km, is looking to award ~6,500 km of projects in FY23. Road construction by NHAI on FY23 year-to-date basis stands at 777 km. Toll collections, however, have been very strong with FASTag-based toll collections clocking an all-time high daily run-rate of Rs 1.4 billion in June 2022. Asset monetisation is the key focus area for NHAI to raise funds outside of budgetary resources. Toll Operate transfer bundle – seven was awarded in March 2022 and NHAI has prepared a pipeline to monetize 1,750 km of assets in FY23. This is critical to support the pace of road project awarding..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Infra Sector Check - Activity Subdued In Q1 FY23: Motilal Oswal

Infra Sector Check - Activity Subdued In Q1 FY23: Motilal Oswal

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