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Big Opportunity in Road Sector #L&T

As the government looks to double the length of the country’s highways to 2 lakh kilometres, engineering and construction giant Larsen & Toubro has said it sees huge opportunities in the sector.

It has, however, listed out a number of challenges facing the road sector, including funding constraints.

In a presentation to investors, L&T has listed the “increased road build-out by NHAI (National Highways Authority of India) with current focus on EPC (engineering, procurement and construction) projects” as “opportunities”.

In the last two weeks alone the government has bid out 31 projects worth Rs. 28,000 crore, of which nearly half were under the EPC mode.