This comprehensive analysis by Biltrax Construction Data examines Roads & Highways sector developments across the West, South, and Central Zones for FY 2023-24. Leveraging data from the BX-2 platform, the report highlights the significant trends and the leading players driving construction activities in these regions.
Introduction
As India advances its infrastructure, the Roads & Highways sector remains crucial in enhancing connectivity, fostering economic growth, and driving regional development. This comprehensive ‘Zonal Analysis: Series 3’, explores the key developments, trends, and initiatives shaping the Roads & Highways sector across three significant regions: West, South, and Central India.
The series will offer detailed insights into major investments, and policy initiatives during FY 2023-24, contributing to the growth and modernization of India’s road network.
Overview:
During FY 2023-24, the West Zone saw substantial progress in its roads and highways sector, including significant infrastructure upgrades and expansions. Major developments under NHDP (National Highways Development Project) and Bharatmala Pariyojana include the Mumbai Trans Harbour Link and Mumbai Coastal Road Project in Maharashtra, and the Ahmedabad-Vadodara Expressway and Surat-Navsari Road project in Gujarat. Additionally, Maharashtra’s road network improvement program and Goa’s State Road Safety Plan addressed local infrastructure needs effectively. The central government’s funding supported these initiatives, while state governments focused on both urban and rural road enhancements.
The South Zone saw a variety of major projects and infrastructure improvements, driven by substantial investments from both central and state governments. Key developments included the ongoing expansion of National Highways such as NH-44 and NH-65, and the construction of new expressways to boost connectivity and reduce travel times. The zone implemented several noteworthy projects such as the Chennai-Bengaluru Expressway in Tamil Nadu and the Hyderabad-Bangalore Corridor in Telangana. Additionally, state-level initiatives played a crucial role in regional development. For instance, Karnataka’s efforts to upgrade its road infrastructure and Tamil Nadu’s focus on enhancing urban road networks played a crucial role in regional development.
Meanwhile, the Central Zone implemented major projects such as the expansion and upgradation of key national highways, including NH-30 and NH-53. These projects are vital for linking major cities and facilitating smoother transportation. Madhya Pradesh invested in the construction of the Indore-Dewas and Bhopal-Kolar road projects, while Chhattisgarh focused on upgrading its road infrastructure to improve state-wide connectivity. These initiatives, supported by central government schemes, contributed to substantial improvements in the region’s road network, addressing key connectivity needs and promoting regional development.
Also Read: India’s Construction Industry in FY 2023-24: A Zone-Wise Analysis
A. WEST ZONE
Construction Projects in the West Zone
In the last financial year, Biltrax tracked nearly 122 Roads & Highways projects in the West Zone through its BX-2 platform, with an estimated construction cost of INR 1,66,777 Crore.
State-wise Construction Overview of the West Zone (Based on Construction Value)
Of the total projects tracked by BX-2 in the West Zone during FY 2023-24, Maharashtra stands out with the highest construction value. The state undertook 109 projects with a combined construction cost of INR 1,61,557 Crore, accounting for 96.87% of the total in the region. These projects include developing new roadways, constructing underpasses and bridges, expanding existing roads, and enhancing road infrastructure.
Out of 122 Roads & Highways projects, 94 alone were new constructions covering over 1,827 km at INR 1,46,104 Crore. The remaining projects focused on upgrading existing road segments and minor structural enhancements.
| Sr. No. | State | Project Nos. | Construction Value (INR-Crore) | % by Construction Value |
| 1 | Maharashtra | 109 | 1,61,557 | 96.87% |
| 2 | Gujarat | 11 | 4,583 | 2.75% |
| 3 | Goa | 2 | 637 | 0.38% |
| TOTAL | 122 | 1,66,777 |
Also Read: Building Construction Trends in India’s West Zone: FY 2023-24
Key Stakeholders in the West Zone (Based on Construction Value)
This section highlights the key stakeholders drivingroad infrastructure activities in the West Zone during FY 2023-24. It focuses on major project owners and top contractors leading significant regional developments.
Major Project Owners
As of FY 2023-24, BX-2 tracked leading project owners in the West Zone, actively managing 120 road infrastructure projects valued at INR 1,54,990 Crore. Of these, MSRDC alone accounts for over 43.85% of the total project value. Other key players include:
| Sr. No. | Company Name | Project Nos. | Construction Cost(in INR-Crore) | % by Construction Value |
| 1 | Maharashtra State Road Development Corporation Limited (MSRDC) | 43 | 67,964 | 43.85% |
| 2 | National Highways Authority of India (NHAI) | 41 | 46,921 | 30.27% |
| 3 | Municipal Corporation of Greater Mumbai (MCGM) | 16 | 32,214 | 20.78% |
Top General Turnkey/Civil Works Contractors
Among the 17 General turnkey/civil works companies monitored by BX-2 in the West zone, APCO Infratech Pvt Ltd leads, with projects worth INR 16,333 Crore. This represents nearly 33.56% of the total construction value. J Kumar Infraprojects Ltd and Megha Engineering and Infrastructure Ltd follow in the second and third ranks, respectively. These firms are delivering projects worth INR 11,641 Crore and INR 5,000 Crore, respectively.
| Sr. No. | Company Name | Project Nos. | Construction Value (INR-Crore) | % by Construction Value |
| 1 | APCO Infratech Private Limited | 3 | 16,333 | 33.56% |
| 2 | J Kumar Infraprojects Limited | 6 | 11,641 | 23.92% |
| 3 | Megha Engineering and Infrastructure Limited | 2 | 5,000 | 10.27% |
Additionally, BX-2 identified over 25 awarded contracts in the region for FY 2023-24. These encompass 25 projects with a combined tender value of INR 42,232 Crore and a total road length of 412 km.
Also Read: Industrial Construction Trends in India’s East and West Zones
B. SOUTH ZONE
Construction Projects in the South Zone
In the last financial year, Biltrax tracked nearly 76 Roads & Highways projects in the Northeast Zone through its BX-2 platform, with an estimated construction cost of INR 36,406 Crore.
State-wise Construction Overview of the South Zone (Based on Construction Value)
Karnataka stands out with the highest construction value of the total projects tracked by BX-2 in the South Zone during FY 2023-24. The state undertook 19 projects with a combined construction cost of INR 10,340 Crore, accounting for 28.40% of the total in the region. These projects include developing new roadways, constructing underpasses and bridges, expanding existing roads, and enhancing road infrastructure.
Out of 76 Roads & Highways projects, 48 alone were new constructions covering over 1,378 km at INR 28,310 Crore. The remaining projects focused on upgrading existing road segments and minor structural enhancements.
| Sr. No. | State | Project Nos. | Construction Value (INR-Crore) | % by Construction Value |
| 1 | Karnataka | 19 | 10,340 | 28.40% |
| 2 | Andhra Pradesh | 19 | 9,488 | 26.06% |
| 3 | Telangana | 18 | 8,797 | 24.16% |
| 4 | Tamil Nadu | 17 | 7,287 | 20.02% |
| 5 | Kerala | 3 | 494 | 1.36% |
| TOTAL | 76 | 36,406 |
Key Stakeholders in the South Zone (Based on Construction Value)
Major Project Owners
As of FY 2023-24, BX-2 tracked leading project owners in the South Zone, actively managing 73 road infrastructure projects valued at INR 35,903 Crore. Of these, MoRTH alone accounts for over 46.41% of the total project value. Other key players include:
| Sr. No. | Company Name | Project Nos. | Construction Cost(in INR-Crore) | % by Construction Value |
| 1 | Ministry of Road Transport and Highways (MORTH) | 37 | 16,661 | 46.41% |
| 2 | National Highways Authority of India (NHAI) | 28 | 13,348 | 37.18% |
| 3 | Tamil Nadu Road Infrastructure Development Corporation (TNRIDC) | 5 | 4,440 | 12.37% |
Top General Turnkey/Civil Works Contractors
Among the 12 General turnkey/civil works companies monitored by BX-2 in the South zone, Rajendra Singh Bhamboo Infra Pvt Ltd leads, with projects worth INR 1,525 Crore. This represents nearly 21.91% of the total construction value. Ram Kumar Contractor Pvt Ltd and Udayshivakumar Infra Ltd follow in the second and third ranks, respectively. These firms are delivering projects worth INR 1,011 Crore and INR 962 Crore, respectively.
| Sr. No. | Company Name | Project Nos. | Construction Value (INR-Crore) | % by Construction Value |
| 1 | Rajendra Singh Bhamboo Infra Private Limited | 2 | 1,525 | 21.91% |
| 2 | Ram Kumar Contractor Private Limited | 1 | 1,011 | 14.53% |
| 3 | Udayshivakumar Infra Limited | 2 | 962 | 13.82% |
Additionally, BX-2 identified over 61 awarded contracts in the region for FY 2023-24. These encompass 61 projects with a combined tender value of INR 36532 Crore and a total road length of 1,543 km.
Also Read: Navigating Building Construction Trends in India’s South Zone: FY 2023-24
C. CENTRAL ZONE
Construction Projects in the Central Zone
In FY 2023-24, Biltrax tracked nearly 32 Roads & Highways projects in the Central Zone through its BX-2 platform. These projects cover nearly 933 Km with an estimated construction cost of INR 18,167 Crore.
State-wise Construction Overview of the Central Zone (Based on Construction Value)
Of the total projects tracked by BX-2 in the Central Zone during FY 2023-24, Madhya Pradesh stands out with the highest construction value. The state undertook 28 projects with a combined construction cost of INR 15,310 Crore, accounting for 84.27% of the total in the region. These projects encompass the development of new roadways, construction of underpasses and bridges, expansion of existing roads, and enhancement of road infrastructure.
| Sr. No. | State | Project Nos. | Road Length (Kms) | Construction Value (INR-Crore) | % by Construction Value |
| 1 | Madhya Pradesh | 28 | 789 | 15,310 | 84.27% |
| 2 | Chhattisgarh | 4 | 144 | 2,857 | 15.73% |
| TOTAL | 32 | 933 | 18,167 |
Key Stakeholders in the Central Zone (Based on Construction Value)
Major Project Owners
As of FY 2023-24, BX-2 tracked leading project owners in the Central Zone, actively managing 32 road infrastructure projects valued at INR 17,205 Crore. Of these, NHAI alone accounts for over 63.71% of the total project value. Other key players include:
| Sr. No. | Company Name | Project Nos. | Construction Cost(in INR-Crore) | % by Construction Value |
| 1 | National Highways Authority of India (NHAI) | 15 | 10,961 | 63.71% |
| 2 | Ministry of Road Transport and Highways (MoRTH) | 12 | 3,622 | 21.05% |
| 3 | Madhya Pradesh Road Development Corporation Limited | 1 | 1,324 | 7.70% |
Top General Turnkey/Civil Works Contractors
Among the 9 General turnkey/civil works companies monitored by BX-2 in the Central zone, PNC Infratech Ltd leads, with projects worth INR 673 Crore. This represents nearly 21.72% of the total construction value. Dhariwal Buildtech Ltd and Hillways Construction Company Pvt Ltd (HCCPL) follow in the second and third ranks, respectively. These firms are delivering projects worth INR 485 Crore and INR 378 Crore, respectively.
| Sr. No. | Company Name | Project Nos. | Construction Value (INR-Crore) | % by Construction Value |
| 1 | PNC Infratech Limited | 1 | 673 | 21.72% |
| 2 | Dhariwal Buildtech Limited | 1 | 485 | 15.65% |
| 3 | Hillways Construction Company Private Limited (HCCPL) | 1 | 378 | 12.20% |
Additionally, BX-2 identified over 20 awarded contracts in the region for FY 2023-24. These encompass 20 projects with a combined tender value of INR 11667 Crore and a total road length of 534 km.
Also Read: Navigating Building Construction Trends in India’s Central Zone: FY 2023-24
To conclude, India’s Roads & Highways sector demonstrated remarkable growth during the last financial year. Zonal analytics are vital for capturing the regional dynamics of the Roads & Highways sector, providing valuable insights into specific construction activities and investments. By leveraging Biltrax’s robust analytics, industry players can effectively navigate the complex landscape of road construction, align strategies with regional demands, and drive sustainable growth in India’s infrastructure sector.
With this final article, we conclude our ‘Zonal Analysis, Series: 3’. Thank you for following along with our in-depth analysis of each zone’s construction trends in the roads & highways sector. Stay tuned for our FINAL series, where we will explore the construction trends in India’s water supply & distribution sector.
Contact us today to learn more about how we can help you succeed in the construction industry.
Previous Articles
Part 1: An Overview (Roads & Highways Sector)
Part 2: North, Northeast & East Zones
Next Article
Construction Landscape of India’s Water Supply & Distribution Sector in FY 2023-24
To explore our previous analyses, refer to:
Series 1: India’s Building Construction Industry in FY 2023-24: A Zone-wise Analysis
Series 2: India’s Industrial Landscape in FY 2023-24: A Zone-wise Analysis
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