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Construction

GR, H.G., and KNR were minnows once. Now they are road kings, almost.

From Dilip Buildcon to GR Infraprojects, a bunch of upstarts are acquiring scale and heft, as India looks to build a foundation for rapid industrial growth through a maze of roads and highways. But a dry credit market and high fixed costs could come in the way.
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priyanka
21 Jan 2019 8 Mins Read 0 comment
Construction work at Eastern Peripheral Expressway near Kundli to Palwal, Haryana, September 2017 Getty Images
Construction work at Eastern Peripheral Expressway near Kundli to Palwal, Haryana, September 2017
A road construction worker in Chicago never loses his job, goes the joke. Motor around the metro and you know why – roads are being given a makeover everywhere, across downtown Chicago and the suburbs, as the authorities work tirelessly to keep the city pothole-free. Other cities in the US will have to take a cue from Chicago, as
slowly developing, with institutional investors looking to acquire road assets. With roads likely to remain in the spotlight over the long term in India, thanks to massive projects like Bharatmala, there is space for more small players to acquire scale. But only the fleet-footed will be able to walk down that road. ( Graphics by Sadhana Saxena)
A road construction worker in Chicago never loses his job, goes the joke. Motor around the metro and you know why – roads are being given a makeover everywhere, across downtown Chicago and the suburbs, as the authorities work tirelessly to keep the city pothole-free. Other cities in the US will have to take a cue from Chicago, as slowly developing, with institutional investors looking to acquire road assets. With roads likely to remain in the spotlight over the long term in India, thanks to massive projects like Bharatmala, there is space for more small players to acquire scale. But only the fleet-footed will be able to walk down that road. ( Graphics by Sadhana Saxena)

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