National Road Infra Conclave 2022: How and why input costs have gone up; Know here

National Road Infra Conclave 2022: Today, in the first edition of the National Road Infra Conclave (NRIC), R.K Pandey, Member Projects, NHAI and Rajeshwar Burla, Group Head, Corporate Ratings, ICRA discussed the rise in input costs, aggressive bids as well as the impact of these on execution with Surya Sarathi Ray, Assistant Editor, The Financial Express. When asked how the input cost has gone up in recent times and what are the reasons for the cost of inputs to go up, Burla said as far the input costs are concerned, the composition of various raw materials depends on the scope of the work. Typically steel, cement, bitumen, sand, fuel are some majorly used raw materials for the construction of roads.