India’s pavement & highway-checking firms see order boom after NH policy clarity

Shares of India’s leading pavement and highway-construction firms surged as the government finalised its long-pending National Highways contract award policy. Stock gains of 4-7% were seen in companies such as PNC Infratech and KNR Construction, as these firms expect a wave of tenders worth ₹1.2 lakh crore in the next 12 months. Analysts say the policy clarity removes a major bottleneck in India’s road-infrastructure cycle and could trigger order-book revival. Firms will now focus on project-execution efficiency, working-capital management and supply-chain costs to convert the order-flow into profits.