Highway tendering likely to pick up in H2, Toll growth strong: CareEdge Ratings

Tendering activity in the highway sector has remained muted in the first half of FY26, but a strong pick-up is expected in the second half, said Rajashree Murkute, Senior Director & Head of Infrastructure Ratings at CareEdge Ratings, in an interaction with ET Now.

According to Murkute, tendering usually slows in the first half of the year due to the Union Budget cycle and approval delays. However, this year’s activity was also impacted by revised bidding norms introduced by the Ministry of Road Transport and Highways (MoRTH). These changes, aimed at ensuring stronger players dominate the space and curbing aggressive bidding, limited the number of eligible participants.