L&T Infrastructure Fund: Fund Review

In the past five years, the infrastructure sector has received a great deal of attention from the government. The total awarding of road contracts from the Ministry of Roads, Transport and Highways and the National Highway Authority of India (NHAI) has grown eight times to 24,452 km in the past five years ending FY18.

During the same period, the pace of road construction per day also improved from 15.9 km in FY13 to 27 km in FY18, which, in turn, has strengthened the order books of construction, cement and certain roads companies in the broad infrastructure theme.

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