New Delhi, Sept. 8 -- Road awarding activity is expected to accelerate in the coming months as tendering has gained momentum, noted a research report by Anand Rathi.

The report mentioned that the road tenders almost tripled year-on-year to around Rs 372 bln in Aug'25 from Rs 113 bln in Aug'24. Awards in August this year stood at about Rs 339 bln compared to a peak of Rs 1.4 trln (Trillion) in Mar'25.

It stated "Road tenders almost trebled y/y from approx. Rs113 bn in Aug'24 to approx. Rs372bn".

The report said the bid value of tenders floated rose by nearly 80 per cent to about Rs 2.7 trln in Jun-Aug'25 from Rs 1.5 trln in Mar-May'25.

With NHAI and the Ministry of Road Transport and Highways identifying 124 projects worth around Rs 3....