New Delhi, July 9 -- The growth in road project awards by the National Highways Authority of India (NHAI) could reach 9-11 per cent in FY26, according to a report by Axis Securities.

The report noted that while there has been a slowdown in awarding activities so far in the current fiscal, a slight improvement since November 2024 suggests that growth momentum may pick up in the coming months.

It stated "a slight improvement in project awarding has been observed since Nov'24, and if this trend continues, growth could reach 9-11 per cent in FY26".

As of July 2025, both the NHAI and the Ministry of Road Transport and Highways (MoRTH) have witnessed delays in awarding new highway projects.

However, the report expects that the total length ...